The global
Industrial Vending Machine Market size is estimated to reach USD 4.6 billion by 2027, registering a CAGR of 9.6% from 2020 to 2027. The increasing need for downtime cost reduction in companies is expected to drive the growth of the market over the forecast period. Industrial vending machines are expected to lower operational downtime by enabling companies to efficiently manage their inventory. Moreover, these systems are available in different types such as carousel and coil vending machines and are designed by original equipment manufacturers (OEMs) to cater to diverse requirements across various end-use industries.