State of The Food and Drink Vending Machine Market, 2015 – 2021

14957-illustration-of-a-globe-pvModern society has become accustomed to the idea of obtaining beverages, snacks, and many other types of items from vending machines. The machines are becoming a standard part of various businesses and industries, which range from pharmaceuticals to free items for the fans of sporting events. The stagnant age of the vending machine has come to a close, and a recent report by Persistence Market Research, as reported on by Medgadget, indicates an overwhelming trend of growth for the vending machine industry over the next six years.

What’s Driving the Growth?

Consumer demand remains the ultimate driving factor in the growth of the snack vending machine market. In recent years, the public has become increasingly concerned with the nutritional value of the contents of drink vending machines and snack vending machine. Traditionally, these vending machines have contained items of little nutritional value, but the trend seems to be changing. As more governments have become health conscious of snacks and beverages from vending machine, vending machine manufacturers and owners who readily display the caloric value of available items are expected to reap significant profits.

The growth of the vending machine market cannot be attributable to these factors alone. Instead, some of this growth may be the direct result of an increased use of mobile payment options, such as vending machines that accept credit cards. Ultimately, a vending machine with more payment options is able to serve those who may not have cash or coins on their person.

Where Will the Strongest Growth Occur?

Vending machines represent the classic idea of self service. In the coming years, the vending machine industry is expected to grow by 13.98 percent to reach an approximate worth of $31.75 billion. The US is predicted to be the predominant player in driving the growth of the vending machine market globally, while North America will claim approximately 44 percent of the market share of the vending machine industry.

What Types of Vending Machines Will Experience the Most Growth?

Vending machines can be categorized into generic groups, such as snacks, beverages, medical supplies, promotional materials, and more. Food and snack machines are expected to garner the highest market share in the industry. Behind snack vending machines, frozen food and candy vending machines will experience the highest level of growth in the US. However, the use of vending machines in quick-serving restaurants is expected to contribute the highest to the growth of the vending machine market globally. Although the growth will not be as substantial as snack vending machines, drink vending machines, such as those that dispense soda, beer, liquor, wine, and other cold beverages, are expected to show “substantial” growth by 2021.

The vending machine industry is growing, and vending machine manufacturers understand the need to increase snack and drink vending machine availability. To learn more about how vending machine services are changing today’s world, visit the blog on Vending.com, or contact a reputable vending machine manufacturer by filling out the online contact form today.

Metro Adds Bus-Ticket Vending Machine in Seattle

orca_tap1King County Metro Transit is taking a bold step into the 21st century – at least as far as passengers are concerned. To help ease some of the stress on existing infrastructure, KCMT is putting a bus ticket dispensing vending machine on Third Avenue located conveniently between Stewart and Pine street in Seattle, WA. The hope is that instead of pushing money into the farebox as traditionally accomplished, users will instead use the vending machine to accomplish the same thing.

By pairing with a vending machine manufacturer for this transit vending machine, King County Metro Transit hopes to accomplish a few different goals at the same time. For starters, it adds a supplementary source of bus tickets that will hopefully relieve some stress during already crowded transit times. Additionally, the farebox has long been seen as a major source of delays for travelers in a number of different situations. Fumbling to cram cash into the front slot of the farebox can add several seconds to the D Line or E Line, for example. When you multiply “several seconds” by the thousands of passengers that pass through those areas on a regular basis, serious delays can occur as a result.

Metro indicates that there are currently around one tenth of the total number of passengers that go through the stop that pay with cash. To put that into perspective, more than 42,000 passengers use that stop to take 2,500 bus trips each weekday. Even if the transit ticket vending machine is only accommodating one tenth of those customers, you’re still talking about 4,200 people every day.

A concern about the practice, however, has to do with whether or not the vending machine will undercut the sale of regional ORCA cards. These fare cards are designed to be purchased in advance and used in much the same way E-ZPass is for drivers. You pay in advance to “fill” the card, swipe the card when you arrive and go about your way. If the vending machine manufacturer’s solution is just as easy, it may harm that particular program.

The Metro program puts a twist on the traditional “vending machine for sale” process. Instead of purchasing the machines outright, the machine is being loaned for use completely free of charge. Additionally, the county will pay a $10,000 regular fee to cover maintenance and general operational costs directly to the vending machine manufacturer. Much of that cost will be taken care of by a federal grant, however.

Vending machines certainly aren’t just for potato chips anymore. With examples like recycling vending machines, super market vending machines, and the way that metro is putting bus ticket vending machines to excellent use on Third Avenue, it’s easy to see why more and more industries are embracing the technology on a large scale.

Healthy, Local Snacks in Taste NY Vending Machine Program

laguardiaGovernor Andrew Cuomo of New York recently unveiled an exciting new type of snack vending machine that highlights healthy choices, supports local agriculture, and benefits the Food Bank of Central New York and the New York Commission for the Blind’s Enterprise Program. The Taste NY snack and drink vending machines debuted at the recent New York State Fair.

These exciting new vending machines break away from standard offerings to provide healthy vending machine choices from local New York producers. The vending machines are to be installed at select rest areas throughout the state of New York. Travelers will make their snack and drink choices among offerings from Chobani, Emmy’s Organics, Heluva Good Cheese curds and string cheese, Red Jacket Orchard juices, Barkeater Chocolates, Sweet Sam’s Cookies, and other local purveyors.

Governor Cuomo is hoping that in addition to promoting healthy New York vending machine snacking habits, the Taste NY program will support and broaden the audience from some of the state’s finest food producers. According to the Governor, “The Taste NY Program is continuing to raise the profile of many of our world-class brands, and I encourage all New Yorkers – whether at the State Fair this week or on a drive across the state this fall – to be on the lookout for these tremendous products.”

These vending machines will offer more than unique snacks to weary travelers. According to John Murn, Vice President of the New York State Vending Machine Association, “These state-of-the-art machines will feature a rotating selection of food and beverages that represent the diversity and creativity from producers across the State. Highlights from these machines will include video clips from New York-based companies as well as Taste NY videos.”

In addition to healthy fare, the Taste NY snack and drink vending machine program will benefit two-state charitable programs. The machines will be maintained by participants in the New York Commission for the Blind’s Enterprise Program. New York State Commission for the Blind Associate Commissioner Brian Daniels said, “The Commission for the Blind makes self-sufficiency for legally blind New Yorkers its top priority, and we are thrilled to… provide new jobs and provide more opportunities for individuals who are blind to achieve independence.”

Proceeds from the healthy vending machines will be used to support the efforts of the Food Bank of Central New York which provides food for over 11 million meals each year to the state’s residents.

The Taste NY snack vending machines will highlight a rotation of products from the larger Taste NY program. More information on the initiative is available at taste.ny.gov.

Source

https://www.vendingmarketwatch.com/management/news/11669212/governor-cuomo-announces-taste-ny-vending-machines-to-premiere-at-the-2014-great-new-york-state-fairhttp://www.vendingmarketwatch.com/news/11669212/governor-cuomo-announces-taste-ny-vending-machines-to-premiere-at-the-2014-great-new-york-state-fair

Keep Your Employees Happy, While Saving Money

A company that keeps its employees happy is more productive overall and can more effectively meet the demands of the marketplace.

While benefits and other significant perks are a main focus for most businesses, smaller areas, such as an employee break room that offers nutritious foods, can also be perceived as important.

Employees usually need a nice, convenient working environment in order to concentrate on work, and spend less energy on decisions that support their general well-being. This is the reason that parking and other basic needs are usually important features of a positive work culture.

In the case of an employee break room, having a positive environment that offers nice decor, ample seating, and a comfortable space for either sitting alone or gathering with a colleague or two over a beverage or a quick meal, is important.

A break between work that recharges energy, gives an employee social support and offers a source of pride is a great gift for your workforce that can establish trust, reduce employee sick days and turnover, and increase your bottom line.

Vending Machine

A vending machine in a company break room is a primary source for snacks and even meals for many employees. While foods are also often purchased elsewhere, the convenience of on-site vending snacks and meal-friendly foods frequently becomes a staple for those working hard and requiring nutritious support to bring them to the next meal. In some cases, selections in a vending machine can actually offer meal replacements, which is a great time save that need to remain on the company grounds between meals.

Your employees may be eagerly anticipating the next vending machine selections that you choose.

Selecting snacks that provide nutrition, such as yogurt, cheese, pita chips, and sugar-free or low-sugar beverages, such as Vitamin Water, can support a healthier culture and extend productivity. If you instead stock a vending machine with mostly sugary snacks and offer fewer healthy options, it could affect the attention span of employees, and even their health.

A vending machine is traditionally considered a source of junk food, but the image and available food options is changing. Stocking an employee break room drink vending machines with tea, water and seltzer water, and a snack vending machine with fruit, and savory healthy foods will help show that the company is supporting their well-being and is aware of the leading health trends.

Purchasing a vending machine for sale and its products through Vending.com, which has been manufacturing vending machines since 1931, will give you the necessary tools to deliver a superior break room environment to your prized employees. It is crucial to work with a trusted and reliable company that knows the industry. From a coffee vending machine to one that includes mostly food products, Vending.com has you covered.

Family Vending Business

 

vending family business

 

A family vending machines business can be successful for new and existing business owners. However, it has advantages and disadvantages, and a succession plan is essential.

Advantages of a Family Vending Business

  • History of working toward common goals at home
  • Each person is committed to business and family success
  • Simple and effective organizational structure
  • Already know the strengths and weaknesses of coworkers

Disadvantages of a Family Vending Business

  • Lack of openness
  • Rivalry for leadership, rewards or recognition
  • Leading with emotions instead of business sense
  • Mixing personal and business interests
  • Less rigid about consequences for poor performance

Creating a Succession Plan

From the beginning of any family business venture or three years before a senior leader retires, a succession plan should be put into place. For success, businesses should make new leadership decisions based on talents, abilities, job performance and skills rather than seniority or sentiment. Then, new leaders should be trained to run all aspects of the company, from marketing and sales to bookkeeping and Human Resources.

Operating a family vending business with new and used vending machines for sale has both advantages and disadvantages. Understanding these factors in advance and creating a succession plan minimizes frustration and maximizes success.

Vending Help in No Time

Running a business is great, but at times, it can also be challenging, especially if you’re a sole proprietor. Having knowledgeable support at the touch of a button for your vending machine questions can go a long way toward improving your peace of mind and making running your business easier and more enjoyable.

Vending.com takes a lot of the stress out of owning and running a vending machine business by making sure they’re available to answer your questions and concerns about your business so you can maximize your profits and minimize your headaches.

Whether you’re a veteran owner of vending machines or if you’re just considering getting started in business, Vending.com can help you make difficult decisions and they can even suggest options you may never have considered.

What’s more, they make it easy to get connected with online live chat, via email or by calling toll-free: 1-855-727-8363. You can also stay in touch through social media by contacting us on Facebook or through Twitter.

The vending business can be challenging, but it can also be fun–and profitable. We’re here to help you run your vending business with fewer hassles, greater productivity, and success.

About Vending.com

Vending.com brings together a multitude of vending expertise through our circle of services. Everything you need to start, grow, or manage your vending business is provided through our easy online access. We provide vending services, financing, vending industry news, technical repair, parts and much more. Vending.com is one of the companies under the Wittern Group umbrella. Whether you are an entrepreneur starting your own vending machine business or expanding your current business, Vending.com offers you a full-range of vending machines, financing, location assistance and other services to meet all of your vending needs. As a full-line vending sales company we provide customers nationwide with the right equipment for their client’s location. Our large selection of snack, soda machines, hot beverage, cold and frozen food and other quality vending machines can be configured and customized to fit any size location from small businesses to large factories. Let our network of vending machine companies go to work for you.

How Much Could You Make in Vending?

vending machineJust how profitable are vending machines? How much money you can make with vending machines will depend on a number of factors. High traffic locations with a soda vending machine, a candy machine and a snack machine will make more than one or two bulk snack machines. Also, some items sell better in certain locales than others. When you see a vending machine for sale and wish to add it to your route, take time to learn about a location and how profitable it is.

Once you have a sense of how much traffic a spot has, use our online calculator to find out what that site will average over a period of a year.

And, don’t be afraid to sell premium products at high price points. Vending Consultants Co. did a study last year of vending machines with items that had profits of $1 or more each. They found that these items are attractive to customers and sell just as well as lower-margin items, meaning you make more over time. The next time you look at vending machines for sale, consider choosing those that can offer those premium items and see your income rise.

About Vending.com

Vending.com brings together a multitude of vending expertise through our circle of services. Everything you need to start, grow, or manage your vending business is provided through our easy online access. We provide vending services, financing, vending industry news, technical repair, parts and much more. Vending.com is one of the companies under the Wittern Group umbrella. Whether you are an entrepreneur starting your own vending machine business or expanding your current business, Vending.com offers you a full-range of vending machines, financing, location assistance and other services to meet all of your vending needs. As a full-line vending sales company we provide customers nationwide with the right equipment for their client’s location. Our large selection of snack, soda machines, hot beverage, cold and frozen food and other quality vending machines can be configured and customized to fit any size location from small businesses to large factories. Let our network of vending machine companies go to work for you.

Vending Machines that Don’t Need to Be Restocked

As you expand your vending business, managing inventory gets more and more challenging. When looking at vending machines for sale, consider adding machines that provide services instead of goods and require no inventory.

A few examples of vending machines that require no inventory:

  • Massage chairs: Give customers the chance to pamper themselves for a few minutes during days shopping at the mall or walking through amusement parks.
  • Payphones: While mobile phones have largely made these anachronisms, there are still times that they come in handy. Do you have vending space in a place with poor cell phone service? Do you operate machines in an area where people are likely to leave their phones behind such a pool or water park? Your clients will be glad to have a payphone available.
  • Lockers: The Stuffit storage system is a great vending machine solution for venues that range from skate parks to gyms. Give your customers a safe place to stash their stuff while they enjoy their day out.

Vending.com has a vending machine for sale that fits your route and your business’s needs. Contact us today.

Calorie Counts on Vending Machines

Sometime this year, the FDA will announce changes that affect those who own snack vending machines. Part of the Affordable Care Act requires that the calorie count of snacks be easily viewable by customers. This can be difficult for vending machine owners, since nutrition information on packages aren’t visible until the customer has made his or her purchase. Paper signs on older machines are impractical. Many snack machine operators plan to stay within the requirements of the law using digital displays. Lawmakers are taking comments from industry experts into consideration while penning the final requirements. They should be announced sometime this year; business owners will have one year after the announcement to get all of their machines into compliance.

One thing that can help is, as you add new snack and candy vending machines to your route, investing in those with digital displays that make it easy to adhere to the new law. Vending.com has a number of models that can work for you.

How do you expect the new law on vending machine nutrition information to affect your vending business? Do you feel it will be difficult for you to implement on your vending machines?

About Vending.com

Vending.com brings together a multitude of vending expertise through our circle of services. Everything you need to start, grow, or manage your vending business is provided through our easy online access. We provide vending services, financing, vending industry news, technical repair, parts and much more. Vending.com is one of the companies under the Wittern Group umbrella. Whether you are an entrepreneur starting your own vending machine business or expanding your current business, Vending.com offers you a full-range of vending machines, financing, location assistance and other services to meet all of your vending needs. As a full-line vending sales company we provide customers nationwide with the right equipment for their client’s location. Our large selection of snack, soda machines, hot beverage, cold and frozen food and other quality vending machines can be configured and customized to fit any size location from small businesses to large factories. Let our network of vending machine companies go to work for you.

Mobile Apps to Help Your Vending Machine Business

Vending.com loves the following three apps for your vending machine business to help keep track of financials, inventory and more.. They each offer a different service that will be valuable to you in your day-to-day life:

Mint:
Mint.com, which was name one of TIME Magazine’s “Top 50 iPhone Apps” in 2011, is the perfect free mobile app for business owners on the go. Since your vending business keeps you out and about for hours each day, this app will help make your life a lot easier. The app allows you to set a financial budget for your vending machine business and enter transactions while on the go. You also can get real-time fund availability. In addition, in case you lose your phone, the app has a password to keep any unauthorized persons from viewing your financial information.

Evernote:
This handy app gives you the ability to instantly take notes on your mobile device no matter where you are. You can then easily access this information later. This app is ideal for making notes of vending machine inventory needs, writing yourself a daily to-do list or just jotting down your latest brainstorm for your business. Thanks to Evernote, you don’t have to worry about keeping a paper and pen handy at all times.

Dropbox:
This app is available on both mobile devices and tablets. It works by storing your business documents, photos, or videos to access on the go. Imagine being able to pull up all your vending machine business marketing materials on the app no matter where you are at the time. After all, potential clients are everywhere, so why shouldn’t your most impressive business information be as well.

Any of our recommended apps for vending machine businesses will help you take yours to the next level.