Tag: vending industry

Evending - BLOG

 

Industry trends

The vending industry growth curve is set to break free in 2022. The country is wading out of a couple of years of constrained social and business activity. Public spaces are opening, and travel is slowly returning to normalcy. There is a growing need for convenient access to products or supplies. This, combined with novel applications and emerging technologies, make vending an attractive industry to be in.

Industry reports indicate strong growth in revenues from the vending industry in 2022. This report from a leading analyst places the estimated revenue for 2022 at $8.9 billion. As the mobility constraints from 2020 are being released, the industry has nowhere to go but up. This is evident from the graph.

Another report states that while the industry will grow at 0.8% year over year since 2017, players have increased by about 3.5%. This is a clear indication that small single machine owners have increased. With low barriers to entry and minimal bandwidth requirements, the vending industry has become a neat side hustle for many.

Evending - Industry Trends

10 Technology Trends in 2022

The vending industry is not just growing in revenue in 2022. Still, it is also expected to further the progress in technological advancements. Some of these technological advancements are discussed in this section.

Contactless and Cashless

We may return to handshakes and hugs with people we know sometime in the future, but interacting with vending hardware has been forever changed. Users want minimal contact with surfaces. This is not just about hygiene any longer. The convenience of cards, digital wallets, and NFC payments means a lesser need for liquid cash. This also eliminates the chances of misplacing, losing, or stealing money. Growing disposable income in the hands of millennials will translate to increased cashless transactions. Vending machines must be ready to receive them.

Electronic payment systems come with added benefits. Solutions like Greenlite Vending consolidate transaction summaries to analyze machine sales. Users can use the tool to check machine status and run over-the-air updates for software. Such solutions also trigger alerts about machine health and transaction details. They not only allow the user to transact without contact, but they also allow the operator to manage the machine remotely.

Hygiene

Contactless payments can reduce the chances of physical interaction with the machine, but one still needs to select the product and collect it. UV systems can irradiate the contact areas before and after a transaction to ensure 99.9% of the viruses and bacteria are killed or inactivated.

eVending uses UVend Technology to disinfect touch panels, delivery doors and payment interfaces with ultraviolet rays. Its proximity sensors ensure clearance for user safety before initiating irradiation. Ultraviolet light is not in the visible spectrum, so UVend Technology uses blue light to alert users that sanitization is in process.

Versatility

As the number of small players increases, there will continue to be a demand for machines that can sell anything. Combo machines that can sell beverages and snacks are preferred over single product machines. Configurable machines that can sell products of different sizes, shapes, and weights will become the rage.

The growing awareness about personal protection and social hygiene is shoring up the demand for PPE equipment and supplies. The challenge will be in the form-factor of these products. A latex glove box will be very different in shape and form from an alcohol based sanitizer bottle. Super-conscious users will continue to drive the demand for versatile machines selling PPE supplies. eVending helps this issue by offering PPE supplies through our Sani-Center PPE Vending Machine.

Remote Monitoring

Machine owners can optimize their visits to restock the machines if they have prior information on what has been sold and what has not. Remote monitoring features on the machine can help achieve that. They can also find out about machine breakdown and other “machine status” related information as it happens.

Responsible and Sustainable Refrigerants

The refrigerants in vending machines selling snacks and beverages are changing fast, too. R290 or Hydrocarbon based systems are quickly replacing the R410A systems. R32 systems are not as energy-efficient and eco-friendly as R134a making the latter a more economical option.

Retrofit

All the technology advancements discussed earlier are not just for new machines. Leading vending machine manufacturers have developed modular systems that can also be retrofitted to legacy equipment. This can modernize your existing machines without spending on an entirely new machine. Of course, not every feature can be retrofitted. Please contact your sales representative if you have any questions.

Conclusion

2022 is going to be an exciting year for the vending industry. It is not just because people are going to be more mobile and interact more with vending machines. It is more so because the emerging technology trends will level the playing field. First-time machine owners and small vending businesses can now invest and differentiate faster than established businesses. On the other hand, established companies will have to consider buying new machines, upgrades, and retrofits to stay relevant in a dynamic market.

If you are excited about carving your slice of success in the vending industry or growing your vending business in 2022, eVending can help. If you want to know how we can enable your success in the vending business in 2022, call us at 1-888-979-9858.

Vending industry outlook for 2022
Evending - BLOG

  Industry trends The vending industry growth curve is set to break free in 2022. The country is wading out of a couple of years of constrained social and business activity. Public spaces are opening, and travel is slowly returning to normalcy. There is a growing need for convenient access to products or supplies. This,

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eVending’s patent-pending UVend Technology makes the high-touch surfaces of vending machines safer by quickly killing or inactivating some of the most common viruses and bacteria, including influenza and the COVID-19 virus (SARS-CoV-2). It provides your employees and customers with a safer way to enjoy the convenience of on-site snacks and beverages.

UVend Technology is up to 99.9% in killing or inactivating some of the most common viruses and bacteria. It has been independently tested by accredited third-party testing labs to generate UV light within the germicidal frequencies and with enough power to be effective and sanitizing surfaces. The UVC light that is used in UVend Technology is the same UVC technology that is in use by healthcare organizations, schools, prisons, retailers and the transportation and hospitality industries.

For user safety, 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.

It is time to provide a safer experience for your customers and employees. It gives them peace of mind that the technology is creating a safer environment for employees and customers. It is a chemical-free solution that does not rely on human behavior.

To find out more about UVend Technology, click HERE or call 800-944-5524.

Provide a Safer Experience with UVend Technology

eVending’s patent-pending UVend Technology makes the high-touch surfaces of vending machines safer by quickly killing or inactivating some of the most common viruses and bacteria, including influenza and the COVID-19 virus (SARS-CoV-2). It provides your employees and customers with a safer way to enjoy the convenience of on-site snacks and beverages. UVend Technology is up

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eVendingWhether you have been following our blog or have simply taken a look at the vending machines around you lately, it is clear the vending industry is evolving at a rapid pace. In celebration of the growth of the vending business, Tulane University recently hosted a “Gratitude Event” that allowed consumers to enjoy free refreshments and test out some of the industry’s new technology.

Gratitude events are generally meant to be a “thank you” to consumers, which in this case were vending machine customers aged 18-29 who have been proven to prefer drink and snack vending machines over convenience stores. The National Automatic Merchandising Association, or NAMA, was on hand to educate the public about the current vending options at their disposal. Top brands such as Keurig, Coca-Cola, and Red Bull were all present to provide hands-on demonstrations of their latest vending products. Some of the all-new technology on display included advanced touchscreen capability, as well as the ability to make a purchase with the simple swipe of a mobile phone.

This recent gratitude event is just one of the many testaments to the ever-expanding vending machine business. Looking to get in on the excitement? Our affordable combo vending machines are an excellent place to start!

Tulane University Hosts Event in Celebration of Vending Industry

Whether you have been following our blog or have simply taken a look at the vending machines around you lately, it is clear the vending industry is evolving at a rapid pace. In celebration of the growth of the vending business, Tulane University recently hosted a “Gratitude Event” that allowed consumers to enjoy free refreshments

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At eVending.com it is our aim to make it simple, stress free and cost effective for people get started in the vending business. We strongly believe in the vending industry and are working hard to make it accessible for as many people as possible. Whether it is those who want to jump in for the first time or for those who want to grow their already successful business helping vendors is our main focus. One of the ways we work to do this is by offering refurbished machines. These are factory inspected and remanufactured machines that are literally just as good as new, except they don’t carry the same price as unused ones.

Futura Vending Machine

If you want a machine for a new location, you don’t have to buy one brand new at full price. Our factory certified used machines could help jumpstart your vending career or be the key to adding to your projected profit for 2019.  You are probably thinking, ‘How reliable are these refurbished machines?’ Good question! Here’s ourguarantee: Refurbished snack machines have been thoroughly inspected by our highly trained team of service technicians in Des Moines, Iowa. eVending’s used vending machines are fully remanufactured by our service technicians meaning that replacement parts and upgrades have been installed as necessary and all of the vending machine’s electronics are double and triple checked to ensure reliability. All of eVending’s Factory Certified Remanufactured vending machines come with a one year factory parts warranty and lifetime toll-free vending machine technical support.

We stand by our customers and our products over the long haul. eVending has been reliable since 1931 and we don’t intend on stopping now. Delivering a wonderful customer experience  is always our top priority because we believe it has been a huge reason why we have been so successful for over 80 years. Call us today (1-888-568- 4896) to learn more about our currently available inventory of Factory Certified Remanufactured combo vending machines.

We Make it Easy to Start Vending

At eVending.com it is our aim to make it simple, stress free and cost effective for people get started in the vending business. We strongly believe in the vending industry and are working hard to make it accessible for as many people as possible. Whether it is those who want to jump in for the

Read More