Dylan Sogor is an analyst at Prestige Services, a vending machine, office coffee, and micro market company based in Clifton Park, New York. Working through locations in that state as well as Vermont, Maine, Massachusetts, New Hampshire, and Pennsylvania, Dylan Sogor facilitates Prestige Services’ vending machine and micro market operations.
The vending and micro market industry is growing steadily as has been the case since 2011, according to a 2018 report by VendingMarketWatch. In 2017, industry operators netted a combined $22 billion in revenue, 2 percent higher than the $21.6 billion recorded in 2016. A significant portion of these sales (75 percent) came from large operations. The rest were medium and small, with fewer machines.
Looking at things from a site perspective, manufacturing facilities made up 25.5 percent of operators’ physical locations. In second place was the “others” category which included salons, gyms, and warehouses. This category represented 17 percent. Third was offices, with about 14 percent, followed by retail sites (11.2 percent), hotels and motels (8.2 percent), and schools (7.9 percent).
For micro markets, the breakdown was mostly dominated by two locations: manufacturing facilities and offices. Manufacturing facilities contributed 46.1 percent while offices represented 44.5 percent.
