The global vending machine market is projected to hit $146.6 billion by 2027. It’s an ever-growing industry, valued at $30.6 billion in 2020. According to recent projections, the sector is poised for significant growth, with a compound annual growth rate of 5.5% expected between 2021 and 2028.
Are you considering investing in a vending machine but wondering if it will be worth the cost?
How would your work day look without coffee? We don’t want to find out!
In offices around the world, coffee culture is thriving, with coffee breaks and coffee runs being an essential part of the workday routine. In this article, we will explore the coffee culture in the office and its significance.
As a business, knowing where to start when incorporating vending machines can be confusing. Businesses have to choose between “self-fill” vending, i.e., owning their own machine and receiving 100% of all proceeds, or “full-service” vending where a company, like a vending management company, provides equipment and service on a regular basis. The main considerations between the two options are the costs and the profits. Do you want to purchase and maintain your own machine, or do you want free equipment and service? Vending machine servicing doesn't have to be tricky, it just depends on what you need.
Hard work up front pays off. It's why we have maxims like "measure twice and cut once." Sure, it's a pain to go back and check your work, but you can save yourself a lot of headaches in the end. This holds true when hiring a vending machine company to provide service for your location. It's not exactly hard work, but it can be tedious. Especially when there are more pressing matters to deal with. Not taking the time to properly research your vending service provider can result in a lot of problems down the road. Here are five reasons to ensure you hire a quality vending machine service for your business.
As with every industry, there's always something changing in vending or news stories worth sharing. New products, technology, and strategies are always being tried and tested. Here are five noteworthy stories from the vending industry.
It seems as though everything is connected to the internet these days. Name a device that isn't. Pretty difficult, right? Everything from thermostats to TVs to garage door openers has some form of online functionality. Even vending machines can connect to the internet. That's the world we live in. The world of the Internet of things, or IoT.
The only constant is change. If there's an industry that this mantra applies to best it's hotel management. Keeping up with the constant demands of the ever-so-fickle traveler is a real challenge. You can never know for certain if making a decision based on consumer trends will lead to success or failure until after you've made it. Take, for example, the rise in popularity of hotel pantries. In lieu of vending machines, many managers have fit these mini convenience markets into the design of their lobby so guests can easily grab a snack during their stay. But should your hotel jump on board? Will vending machines no longer be a viable option for hotels? Below are the pros and cons of both approaches to snacks and beverages to help you decide which is best for your hotel.
As with every industry, there's always something changing in vending or news stories worth sharing. New products, technology, and strategies are always being tried and tested. Here are five noteworthy stories from the vending industry.
When you get vending machines for your location, it's important to understand there's more to receiving good service than choosing the best company in your area. Even though you are the customer, to get the most out of your service means knowing what you can do on your end to help. It's really no different from any other product or service on the market. Here are three ways you can ensure the service you receive meets--or even succeeds--your expectations.