Category: Vending Machines

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Posted on | by pmasters@wittern.com | Leave a Comment on Winning the right location for your vending machine (the sales approach, not selecting the location)

Winning the right location for your vending machine (the sales approach, not selecting the location)

Factors influencing the success of a vending machine business

9 out of 10 vending business owners would agree that location is the most crucial factor in determining success. Important factors, such as selecting the right vending equipment and choosing the most profitable and saleable merchandise, depend on the location.

For example, in a location where a hip demography loosens their purse strings, having an intuitive interface and reliable operations results in more transactions. Whereas, in transit centers, salty snacks and bottled water are often the most profitable. The only factor that does not depend on location is your vending machine and the service partner – Vending.com.

So how do you put a vending machine somewhere profitable, somewhere good? This blog lets us dive deep into the location factor to see how a vending business owner can win suitable locations to maximize revenue and profits.

Finding a good location

There are several parameters to consider while selecting the right location for your vending machine. These include: 

Volume of traffic: The location you select must have high foot traffic. After all, vending is a numbers game. The higher the traffic, the higher the number of transactions.

Type of traffic: Vending is about convenience and the experience depending on the consumer. It is the simple magic of the mechanics for a young kid when you push currency into the machine to get what you want. It might simply be about waiting with a beverage at the Airport for the next flight for an adult. The kind of traffic will define what you sell and how it is priced. The visitors to your location shall define the suitable machine and the right merchandise.

Demographics: The demographic of your location is going to have an impact on profitability. For example, if your machine is at a gym, customers will more than likely be looking for bottled water and not for soda. A themepark, on the other hand, may require more chocolate bars or chips. Ignoring the demographics of your location can be detrimental to your business.

Competition: The presence of other vending machines is a good sign. While the location might need more effort to win, it is a proven location for a vending business. Remember, the vending machines do not compete for the consumer’s attention. They only compete for real estate. It is the products within the machine, the quality of the interaction, and the ease of the transaction that attract consumers. The right product mix is always attainable by studying the competition and by selecting complementary products. For optimizing the customer experience, the right technology and the right aesthetics go a long way. Picture this, a fully contactless vending machine with guaranteed vending technology accepting cashless payments, with attractive designs on them – with bestselling products. This is just an example of how Vending.com’s range of machines delivers the optimal customer experience.

 Building the proposition

A vending machine owner or operator is not just doing himself a favor by placing the machine at a location. There is definitely value for the location owner, too. Winning the location is dependent on articulating the value for all stakeholders, including the location owner.

The location owner might have different types of benefits. Some might give more weight to the rental income or the commissions they will get from your vending machines on their premises. This is the most common benefit, but not always the largest.

In other cases, businesses might be keen on improving customers’ convenience. Location owners may also want to use the vending machine as a channel to promote products aligned to their business. A good example would be protein shakes and protein bars in the vending machines at a gym. This increases revenue and reduces the need for additional sales bandwidth. Some might consider your machines a good branding opportunity by sticking their brand on your machines. Features like UVend Technology on vending machines and contactless transactions can enhance the sense of safety at some locations.

While the fee for placing the vending machine is a given, its size can depend on how well the other benefits are articulated to the location’s owner.

Our 90 years in the vending industry have given us experiences that can empower your vending business with the proper guidance and insights to be successful. To know more, talk to us at 1-855-929-1042 or visit this link to get help from professionals.

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Posted on | by pmasters@wittern.com | Leave a Comment on How does a ‘Made in USA’ vending machine help your vending business

How does a ‘Made in USA’ vending machine help your vending business

 

Buying Made in the USA – The What and The Why?

Some suppliers sell truly American-made products, while others do not. The government has ensured that buying Made in the USA is no longer an abstract concept. The high-level description of an “All or Virtually All” American-made product is that more than 50% of the product and its components by cost must be made in the country. Thanks to FTC guidelines [1] and federal regulations, every industry also has clear rules as to what is eligible for a Made in the USA tag and what is not.

A recent survey by a leading magazine [2] says about 69% of the respondents preferred buying American-made products. About 83% of them were also willing to pay a premium for the Made-in-America label if it is a genuine claim. This may not be surprising as we all want to reward the American spirit of entrepreneurship and innovation. The benefits of buying a product made in America, however, are not limited to patriotic fervor. There are sound business benefits to vending machine owners and operators while buying American machines or services.

What it means for your vending business

Local Customer Service: A vending machine is complex equipment that is built with a variety of electrical, mechanical, electronic, and communication equipment. Adequate customer support with cross-functional technical capabilities is essential to deliver the best user experience for the end-users of the machine. Local manufacturers understand the challenges of local customers. A good understanding of many variables like ambient weather, tastes and preferences, compliance to regulations, and other factors influence the quality of service. A business that designs and builds machines in the USA is more likely to understand the nuances of these variables and provide the best support.

International Supply Chain Woes: Manufacturers, relying on global suppliers for their components currently struggle with a severe supply chain bottleneck. This is not a temporary situation. If your machine’s card refrigerator unit fails and you must wait for a month to replace it, it means your machine is out of action. The cost of spoiled inventory in the machine is not even a scratch on the surface of what you will stand to lose as revenue. If you have purchased your machine through a financing option, you will also service the debt without revenue. On the other hand, a local manufacturer can quickly replace parts and keep the cash registers ringing.

Standards of Safety and Quality: The safety standards are a minimum benchmark for an American manufacturer who understands the consequences of a gap. However, for manufacturers in a developing nation, the standards are simply a matter of compliance to purchase specifications. Both might be working towards meeting the same safety standards, but the drive to meet such measures can be quite different. North American and Western European businesses are much more savvy than most other regions. This also gives an edge to American manufacturers compared to those who buy parts or machines from other countries to sell locally.

Faster Delivery Time: Mobilizing machines, equipment, and parts locally are faster than ordering and shipping from thousands of miles away. In a market where impulse purchases of products are short-lived fads, “time-in-transit” can be a killing. Also, the distances your machine or parts must move without any economic value can hurt the environment. A local manufacturer might still burn gas to haul your machine a few hundred miles. But it is way faster, cheaper, and environmentally responsible than shipping it on a diesel barge across the ocean.

Geopolitical Uncertainties: The last thing that a vending machine owner or operator must be worried about is the relationship between countries and world leaders. Today’s environment is so volatile that countries trade tariffs, embargos, restrictions, and retaliatory measures between each other at the drop of a hat. Suppliers who rely on foreign products or components are often impacted by the tectonics of international politics. Local manufacturers are relatively insulated from such uncertainties and become reliable partners to your vending business.

Made in the USA is not a tag. It is a proposition.

Buying USA-made vending machines has a definite reason why and positive impact on the success of your vending business. You can improve your revenues, reduce risks, ensure consumer convenience, and escape impact from extraneous factors. You can also contribute to empowering the country. You can give a boost to both your patriotism and profitability by doing business with an American manufacturer. Vending.com has been manufacturing vending machines in the USA for more than 90 years. You can talk to us to know more about the benefits of doing business with an American manufacturer like us. Call us now at 1-855-929-1042 or click here.

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Full-spectrum vending machine and vending solutions supplier

 

How Do Vending Solutions Contribute To Business Success?

Vending is more than the machines, installation and operation, and maintenance. The complete vending service solution you choose extends your identity as an entrepreneur or business, which goes beyond the latest features and newest technology It also needs to be equipped to

  • Serve your customers better – take care of your customers in the most efficient way possible by enhancing the customer experience through the latest technology and features.
  • Further your business objectives – the ideal solution helps you achieve more sales, more profits, more customers, repeat customers, more avenues for monetization, etc.
  • Advocate your brand – vending solutions are an essential and easily customizable part of your real estate. With the right partner, you could increase your brand’s recall with the appropriate audience. 
  • Reflecting your business’ vision –the way we treat our customers reveals a lot about us, the most important being the business’ stability and plans for the future.
  • Representing your identity –providing an inclusive and accessible customer experience indicates the values that drive you and your business. 

You need a full spectrum vending solutions provider to achieve all of this, and more.

Vending.com – The Full Spectrum Vending Solutions Provider

We are committed to assisting our customers with complete vending service for their business needs. We are focused on understanding what customers seek from their vending solution – in terms of business objectives. We recommend solutions that complement their business objectives. We want you to succeed and constantly think of ways to make this easier for our customers. For example, our profit calculator helps prepare you for your business venture by giving you an estimated number of vends needed before turning a profit.

Our complete vending service solutions creates value for all stakeholders

  • Vending solutions: We have dispensers for snacks, beverages, frozen foods and coffee. Plus, our custom solutions reimagine the limits of items that could be stocked, including eyelashes, live bait vending and bowling products, to name a few.
  • Designing: Find solutions that fit your needs like a glove. We are drawing on our decades of experience and the latest technology for our customers. For example, our custom vending solutions serve the self-service retail domain. We cover diverse end-use locations like bowling alleys, self-serve laundry, car wash centers and more.
  • Engineering and Manufacturing: We invite you to experience our 350,000 square foot facility used for engineering, manufacturing, warehousing, selling, financing and vending management.
  • In addition to having the infrastructure, people, and expertise, our service, support and maintenance department is put in place to serve vending businesses long after their purchase has been made.
  • Research & Development: Our in-house R&D works on hardware, software, payment systems, user interfaces, access technologies, product security, and merchandise delivery mechanisms. 
  • Parts: Vendnet is a dedicated vending machine service provider that services vending parts. Be it to replace parts or upgrade your machine, Vendnet is here to help guide you every step of the way.
  • Financing: Making credit available is a business need. Making it available on time with easy documentation is helpful. Providing flexible repayment plans is good. Doing all of this and helping customers profit from day one is excellent. Vending.com is excellent and dedicated to bringing affordable financing alternatives that fit the needs of each individual customer.
  • Business Support: Vending.com serves the customer and the industry. We work in close collaboration with multiple entities across technology, merchandising, distribution, etc., to meet or exceed customer expectations with the exact solutions they need.
  • Custom Vending Machines: Have a unique vending requirement or use case? We have the solution for you.
  • Legacy: Vending.com is a part of the Wittern Group, which has delivered vending solutions since 1931. We have transformed the vending experience and made our customers more successful.
  • Resources: We make available helpful content around setting up and running the machines in the form of videos and documents. Sample our training videos or check out our blogs to look for industry news and vending ideas.

What Does A Complete Vending Service Solutions Provider Like Vending.com Provide?

We cover all aspects that deliver business success for our customers. Our complete vending services help our customers

  • Gain a competitive edge with new features 
  • Reduce machine purchase costs through constant innovation 
  • Reduce running costs by using high-quality materials
  • Ensure business continuity with support
  • Reduce the threshold for investments with our used machines
  • Maximize value for their investment with our refurbishment know-how

We also comprehensively cover all of the tactical bits. For example, our seven manufacturing lines are capable of creating over fourteen snack machines, soda drink machines, cold and frozen vending satellites, coffee machines, and more. 

We also complement our customer’s business development strategy by being the single stop for all vending-related plans. This means that while our complete vending services provide all of the necessary ingredients for success, we also save them time and money while doing it.

Experience The Benefits of a Full Spectrum Vending Solutions Provider

Vending.com is a proven, single-source solution for all vending requirements. We look forward to answering your questions on our offerings and brainstorming to achieve your business objectives. Contact us now to know more.

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5 features your vending machine must have (UV, Cashless, GuaranteeVend, etc.)

Five Must-Have Features of Your Vending Machine 

Are you in the market for a vending solution?

Vending machines wear multiple hats – they are a great source of extra income and a way for products and retail brands to improve the customer experience. If you are in the market for a vending solution, the ideal starting point is to check out our profit calculator or contact us directly at Vending.com.

 

What are the features or capabilities that your vending solution must possess? 

There are certain features that are required when considering the purchase of any vending machine for sale so that the machine is able to accommodate a variety of requirements for users. Entrepreneurs, retail businesses, facility management agencies, the list goes on. Your business is unique and requires solutions aligned to your business goals and your target vending audiences. Some areas will need your attention before investing in a vending solution. This blog post outlines five of these areas.

Accessibility – Are your vending machines ADA compliant?

The Americans with Disabilities Act is comprehensive in its scope, as well as scientific and compassionate in its stipulations. Though there are multiple aspects that the act covers, accessibility is an feature that should apply to the vending machines you choose.

Vending.com’s offerings are all ADA compliant or ADA ready. Our solutions comply with the ADA by its design, ergonomic access to the user interfaces, intuitiveness, and its ability to be accessible to all. Contact us to know more about our ADA-compliant machines.

Customizability

Just as your vending partner needs to cater to your business’s unique identity and operations, you also need someone well-versed with your industry’s demands. Custom-developed solutions, wherever applicable, will help drive more sales and ensure a richer user experience that delights users.

Vending.com has custom vending solutions with machines that have been designed and redesigned with features for specific industries, domains, and applications, like PPE kit vending, gym and fitness centers, self-service laundry businesses, and more. Our partners and affiliates add to our vending solutions’ customizability.

In addition to providing the custom vendor, Vending.com also helps in catching the attention of your customers with eye-popping designs. Our custom graphics offering helps in decking out your vending machine to attract more audiences – right from the factory. Our marketing team helps you serve the right look for your audience. 

Effectiveness Of Technology And Application Used

Technology has raised the bar with end-user expectations regarding features and experiences. It is essential to choose the appropriate features that are relevant for your target vending audience. 

Vending.com has constantly developed products and solutions filled to the brim with features, and we have done this for all stakeholders – our customers and the end-user audience. We have everything from easy item loading to handling multiple form factors. For the end-user, we have easy item selection, cashless transactions, sanitization, and more.

Contact us now to understand the multiple vending machine features and options that would work for your audiences.

Alternative Methods of Monetization

We are all looking to maximize the returns from our assets and investments. Complementary or supplementary income avenues are a way to do that. In this connected and digital world, there are multiple ways to augment the principal revenue source. For instance, any surface that demands the public’s attention is ideal for placing advertisements. When it comes to vending machines with digital displays and an internet connection, the possibilities are endless.

Vending.com’s vending machine solutions have feature-rich interfaces. Our in-house engineering is laser-focused on incorporating cutting-edge technology that helps our customers recognize tangible results. Check out our Express Combo Vending Machine to see for yourself. 

Sustainability

In this day and age, machines have to be energy-efficient as much as possible. Multiple technologies are applicable across design, ergonomics, hardware, software, customer behavior, etc., for reducing the energy consumption of vending machines and their carbon footprint. 

For example, Vending.com’s MarketOne 5W Cold Food & Drink Vending Machine is a combo machine that includes cooling solutions, digital displays, touch interface, cashless payment, and much more. It has Energy Star compliant technology, LED lighting, and the latest in energy usage optimization from our in-house innovators.  

Why choose Vending.com for your Vending Solutions?

Our 90 years of proven vending industry legacy and leadership focus on long-term innovation and planning. We offer everything required for your success. Our end-to-end ecosystem for vending solutions covers everything from usage-specific machines and new technology-driven features to financing and hassle-free maintenance.

Vending.com’s vending excellence has multiple testimonials and countless success stories. We are always at the precipice of the latest vending machine technology, features, and business practices that help our customers become more successful.

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Posted on | by pmasters@wittern.com | Leave a Comment on Full Profit Vending Program

Full Profit Vending Program

What does a full profit vending program look like? How much can you, hypothetically, make from your vending machine? Check out our price recommendations below.

Can cold drinks (Major Brands)
Vend Price———————————————————————————————-$1.25
Cost per can———————————————————————————————–.32
Profit per can————————————————————————————.93

Bottle cold drinks (16.9oz-Major Brands)
Sale/Vend Price—————————————————————————————$1.50
Cost per bottle——————————————————————————————-.67
Profit per bottle——————————————————————————–.83

Bottled Water-#1 Selling Beverage (16.9oz)
Sale/Vend Price—————————————————————————————$1.25
Cost per bottle——————————————————————————————-.13
Profit per bottle——————————————————————————-1.12

Chips-Top Name Variety Pack (50 Ct.)
Sale/Vend Price—————————————————————————————-$1.25
Cost per bag———————————————————————————————–.28
Profit per bag————————————————————————————.97

Candy-Top Name Variety Pack (30 Ct.)
Sale/Vend Price—————————————————————————————$1.25
Cost per candy bar————————————————————————————–.70
Profit per candy bar—————————————————————————.55

AVERAGE PROFIT PER SALE: $.88

For more information, contact Vending.com by calling 1-800-548-1982.

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How to Find Locations for Your Vending Machine Equipment

A common question asked by new people getting into the vending business is, “How do I find the best location for my vending machines?” Some new vendors will get permission to place their machine(s) at places such as their own place of business, a relative or a friend’s business or a business where you know the owner. To assist further, we have listed below a number of businesses to consider when placing your machines. Keep in mind, you are not asking the business owner to buy anything. You are providing a FREE service to them, their employees and their customers!

Start small, one machine at a time

Local businesses with 30-50 employees and businesses with a good number of walk-in customers are good places to start. Choose businesses in your area close to your house. A short driving distance from home is ideal.

Tell them about your “Free” Vending Service

Ask for the manager or owner and ask if you can place one of your new Express Combo drink and snack machines in their business at no cost to them. We recommend you dress professionally and take a brochure about the Express Combo to each location. Be sure to let the business know that you will keep your machine filled with all the top brand products including some healthy selections at standard product pricing.

Replacing old machines with the new Express Combo Vending Machines

A good number of businesses will already have old, outdated vending machines. The odds are high that their current vending machine(s) do not accept credit/debit cards and do not have the guaranteed product delivery feature. The Express Combo, however, has all of these features! It is not too difficult to convince a business that you have a better vending program to service their employees and customers.

List of Locations

Here is a list of possible locations where vending machines can be placed:

  • Amusement park
  • Apartment building
  • Assisted living center
  • Auto brake shop
  • Auto dealership
  • Bank
  • Bookstore
  • Bowling alley
  • Bus station
  • Business office building
  • Car wash
  • Community center
  • Community swimming pool
  • Computer store
  • Dormitory
  • Driver’s license division
  • Dry cleaner
  • Fire station
  • Fraternity/sorority
  • Furniture store
  • Golf course lounge
  • Gym
  • Health club
  • Hotel
  • Humane society
  • Industrial park
  • Laundromat
  • Library
  • Manufacturing plan
  • Medical building
  • Meeting hall
  • Military Reserve/ Guard Center
  • Military Treatment Facility
  • Motel
  • Motor Vehicle Division
  • Motorcycle Shop
  • Muffler shop
  • Nursing Home/ Retirement Home
  • Oil & Lube Center
  • Police Station
  • Private School
  • Public Utility Office
  • Railroad Station
  • Recreation Center
  • Rental Yard
  • Roller Skating Rink
  • School
  • Senior Center
  • Shopping Center
  • Ski Resort
  • Stock Brokerage
  • Telemarketing Office
  • Tire Store
  • Tourist Attraction
  • Truck Stop
  • Trucking company
  • Veteran’s Affairs facility
  • Veterinary office
  • Waiting room (of any kind)
  • Warehouse
  • YMCA
  • Youth center
  • Zoo

Are you ready to get started finding locations for your vending machines? Contact Vending.com by calling 1-800-548-1982 today!

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Posted on | by pmasters@wittern.com | Leave a Comment on Preparing for 2022 Trends: What beverages and sodas are your customers consuming?

Preparing for 2022 Trends: What beverages and sodas are your customers consuming?

If you have beverage vending machines, you need to plan ahead to accommodate the changing demands of your customers. Industry experts predict that, on an average, the sales of major beverages are set to rise at a CAGR of 1.7% per year until 2026. The year 2020 saw the entire world go through major upheaval due to the COVID-19 pandemic.  Even retail sales of beverages dipped as fewer people were stepping out of their homes. However, with everything slowly opening back up and returning to normalcy, we can expect to see a steady increase in the sales of beverages from vending machines.

At Vending.com we have a wide range of drink vending machines that will help you sell everything from iced coffee to soda, juice and bottled water.

Due to the global pandemic, people have become more health conscious and aware of the need to consume healthy and cruelty-free foods, and this extends to drinks. Here’s what consumers are likely to demand more of in the coming year:

Plant-Based Drinks

Sure, we’re already consuming several plant-based drinks – fruit juices! But experts predict that the demand for vegan products, like soy milk, will also spike. Veganism is gaining popularity in the western world, including America, as there are many people who are lactose intolerant and cannot consume dairy. So, all such individuals are going to demand non-dairy-based shakes and drinks. Almond milk, cashew milk, and soy milk are the most popular among the non-dairy milk drinks. 

Immunity Boosters

As concerns about health grow in the pandemic era, people are keen to boost their immunity through natural means. This means there is going to be a sharp demand for protein shakes, probiotic drinks, turmeric lattes, and an assortment of health teas. 

Other Health Drinks

A lot of drinks fall under this category including packaged smoothies, shakes, and superfood drinks. Examples of superfood drinks include shakes or juices made with plants like spirulina, wheat germ, basil seeds, goji berries, chia seeds, and more. Such drinks will sell well in vending machines placed in health clubs, gyms, swimming pool complexes, and other sports complexes where teams practice and compete, such as our MarketOne Fitness Merchandiser.

With different beverages coming in varying shapes and sizes, it is crucial that your vending machine is able to accommodate consumer trending beverages and sodas outside of traditional cans and bottles. The Cold Drink 5W Elevator Vending Machine not only accommodates a variety of products, but also features a soft delivery elevator, so you can vend fragile items, such as iced coffee.

Sustainable and Organic 

Today, consumers want to know where their food comes from and how it was grown – whether it is organic or genetically modified. Brands that advertise their products as organic and sustainably grown will certainly have high demand, as consumers are likely to look for those beverage brands in vending machines, too.

Low Sugar Drinks

With diabetes and other lifestyle diseases on the rise, more and more people are looking for foods with low sugar and salt content. They look for fizzy drinks and fruit juices with minimal or no-added-sugar. 

Coffee

Come what may, Americans are not going to stop drinking coffee, at least for the foreseeable future. The consumer trending demand for this popular beverage will continue into the next year. We all know that coffee is not just to quench thirst. It can be your wake-up-drink or a post-lunch digestion aid. Business deals are made over coffee and people use it to start a conversation. With so many reasons to get a cup of it, people just need the visual cue to reach out for one. Coffee vending machines can be placed in almost any place with high foot traffic. 

Our MarketOne Coffee Vending Machine delivers a European café experience to your customers, with a range of coffees that taste just like freshly made Barista beverages. With a stylish design and cutting-edge brewing and filter system that facilitate precise ingredient control, this machine is THE one you need for coffee vending. You can choose from freeze-dried and fresh brew models; it dispenses multiple types of premium, specialty hot beverages – in fact, there are 11 core hot drinks with 34 combinations to choose from: hot chocolate, espresso, coffee, cappuccino, and more. 

Soda

While there is an increased consumer trend shift towards healthier drinks, sodas will not disappear. There is still a demand for fizzy drinks, and as a vending machine owner, you need to have this in your inventory.

The Express Combo snack and drink combo vending machine is a compact machine that is also eco-friendly. Its LED lighting highlights your products, and the fiber door graphic styling makes it attractive to customers. You can stock up to 9 types of drinks and 20 types of snacks, offering ample choices to your customers. It features two flexible trays for bottles or cans with high stocking capacity which can hold up to five drink selections, allowing you to offer your customers multiple choices for drinks, including health drinks.

Bottled Water

As the awareness about the benefits of sufficient hydration increases, so will the demand for bottled water. It is an item that is needed by every single person, regardless of age or health status – making it a safe bet to vend as well. Additionally, it will sell well at almost any location. 

The MarketOne 48 Select Water Vending Machine from Vending.com is the ideal choice for this. Its sleek design is sure to impress your customers; the availability of multiple payment options like cash, debit, and credit cards offers convenience. This machine also features iVend guaranteed technology, which guarantees dispensing. In case the product gets stuck, customers get their money back. It is also suitable for use by people with disabilities and visually impaired customers, as there is a backlit keypad with Braille identification. Its dimensions comply with the Americans with Disabilities Act (ADA).

Ideally, to keep up with consumer trends, you should provide as wide of a beverage and soda selection as possible, especially when you start off with your vending business, so that you can increase the possibility of sales. Something for everyone is always a good principle. However, you need to closely monitor your sales, item-wise, so that you can decide whether to continue with the same items or remove them from your inventory.

Are you still hesitating to kickstart your vending business? Or do you just need help with your machine and its products? At Vending.com, we are always happy to answer your questions and help you achieve your business goals. Call us at 1-800-548-1982 today!

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Vending – A Year in Review

2021 – A look back

2020 will be remembered as the year of lockdowns and the year when masks became a style accessory for the masses. But 2021 has had a lot of other reasons to be remembered. While some may remember it as commercial space flights becoming the new norm, others will remember the vending industry and its big moments in 2021.

The market for vending equipment grew at a much faster pace than 2020. In a market that has been traditionally dominated by the United States and East Asia, other emerging markets have started making their marks too. This is not happenstance. A growing population with disposable income, new-age payment technologies and the need for contactless purchasing have all aided this growth. The traditional vending products market is set to reach $12 billion in 2021, according to leading industry analyst Technavio.

Trends in Vending

Vending machines are customized automated mechanisms that can provide items like snacks and beverages. The penetration of vending machines in the global market has been growing for the past few years. North American markets have dominated the market historically, but recent years have been great for American-made vending machine manufacturers and operators in Japan, China, South Korea and other Far East markets. Between these two geographies, they have covered more than 2/3rds of the global market in the past year.

Research companies like Markets and Research, IBIS, Statista and Technavio are all upbeat about the demand for vending machines in 2021 and beyond. Growth estimates vary from 10.6% CAGR (compound annual growth rate) to as high as 15% CAGR in the next decade. With newer applications, wider acceptance and easier payment systems, this number can only go up.

Key Drivers

COVID-19 has influenced the vending machine markets in more than one way. Consumers have become more conscious about social distancing and personal safety than ever before. Solutions like contactless payment, such as Greenlite cashless, Near Field Communications (NFC), and mobile interface have made it possible for users to interact and transact without contact. While contact with the machine is inevitable, technology like UVend Technology has come in handy. UVend Technology can kill or inactivate 99.9% of pathogens making interacting with vending machines safer for customers.

Vending machines are also becoming more versatile and allowing diverse applications. Conventional applications like coffee vending,  cold beverage machines, and snack machines, continue to dominate the market. Newer applications like personal hygiene products and lifestyle accessories, however, are beginning to gain some ground.

Socio-economic factors were also a key player in 2021. The fallout from the global pandemic rolled over into 2021. This meant that convenience stores and supermarkets have not been able to function at full capacity all the time, so consumers have had to adapt newer means for self-serviced purchases either through vending machines or e-commerce. Vending machines have also been proven to be an effective alternative source of income when businesses and individuals suffered a decrease in their main sources of income.

Looking Forward:

The vending machine industry is going through a deep change. From the demand side, it is driven by the need for novel vending applications. So far, a huge part of vending machine transactions has been for food and beverage products and ticketing systems. Now, vending machines are finding new areas where self-service use cases are now relevant and feasible or new applications in self-service use cases. Vending.com offers custom vending machines for such businesses and use cases like laundry, fitness, bait, and many more.  An example would be 20 Select Laundry Center custom vending machines that vend detergents, conditioners, and the like. Another relevant, popular, and new use case is PPE vending – Vending.com’s SaniCenter range caters to this use case.  The trend in reverse vending is catching up quickly, thanks to waste collection systems incentivizing deposits.

The key factor that is impacting the market for vending machines is the technology component. With more diverse applications comes the need for robust and reliable systems. Modern electronics and cyber-physical systems have helped customize the core vending platforms to suit the needs of the usage. And Vending.com has remained on top and edge of technology waves that have enhanced customer experience. Incorporation of 

Are but representatives of how Vending.com is developing in-house tech in addition to developing new applications atop technology trends to enhance the customer experience.

In more ways than one, vending machines are on the cusp of a new phase. Their technology is changing. Their applications are increasing. Macro factors like geo-political relationships and socio-cultural aspects are constantly evolving. Individual demands and preferences are transforming. All of this promises great opportunities for the vending machine industry. It is going to be exciting for the end-user, vending operator, machine owner, machine manufacturer, and everybody else involved in vending.

Learn more about the vending machine industry and how you can participate in it from the leaders in the vending space. Call us at 1-800-548-1982 to know more.

Tax-Deduction-Blog
Posted on | by pmasters@wittern.com

The 2021 Section 179 Tax Deduction

Did you know that with the Section 179 Tax Deduction, you can deduct the full price of new vending equipment? This incentive for business owners expires at the end of 2021, so take full advantage today! Find out more about the benefits of this incentive and how it can help your vending business by watching the video below.

For more information about Section 179, give us a call at 1-800-548-1982 or contact your sales representative today!

Prepare for Winter with UVend Technology
Posted on | by pmasters@wittern.com

Are You Prepared for Winter?

The cold, winter months are going to be here before we know it. Not only does this mean colder weather, but it means that we will see an uptick in illness, whether it be a cold, the flu or COVID-19. Believe it or not, there is a lot that can be done with existing or new vending machines for sale in the winter to ensure your customers are satisfied.

MarketOne Coffee Vending Machine

For many customers, the cold weather settling in means that they crave a hot beverage in order to keep them warm. Enter the new MarketOne Coffee Vending Machine. It features a European design and a state-of-the-art brewing system for customers to receive coffee shop-quality from a vending machine with the push of a button. Keep customers warm by giving them the option to choose from up to 34 hot beverage combination options of coffee, hot chocolate, tea, espresso and more.

UVend Technology

Give customers and employees the safer vending experience they have been craving with UVend Technology. UVend Technology, a patent-pending UVC light sanitization device, makes the high-touch surfaces of vending machines safer by quickly killing or inactivating up to 99.9% of some of the most common viruses and bacteria, including influenza and COVID-19. 

To provide an extra layer of protection, UVend Technology features an automated motion sensor and visible blue light. The motion sensor ensures no presence is detected in front of the machine before activating and the blue light indicates quick sanitization is in process, allowing the machine’s keypad and delivery door to be sanitized after almost every use.

Sani-Center Vending Machine

Vending.com’s Sani-Center PPE Vending Machine limits face-to-face interaction by safely dispensing cleaning supplies, medical masks, hand sanitizers, wipes and more to customers. It allows customers safe access to supplies they need while generating revenue for your business. One of the biggest Sani-Center benefits is the capability for customers to purchase items through a cashless card reader or mobile payment platform, further reducing direct contact with the vending machine.

Looking for more ways to give your customers an extra layer of protection during the winter months? Call 1-800-548-1982.