Vertical Lift Module Market – Size, Outlook, Trends and Forecast (2024

Vertical Lift Module Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A vertical lift module (VLM) is an enclosed system that consists of two columns of trays with an Inserter/extractor in the centre. These VLM Inserter/Extractor robotically locates the and retrieve the desirable trays from the back and front unit with a single push of a button. The main advantage of VLM’s is they save up to 85% floor space when compared to standard shelving. Thus, utilising the height from the ground to the ceiling in the form of storing trays.

Vertical Lift Module (VLM) Market Report Segments Size & Growth:

Vertical Lift Module (VLM) Market is expected to grow from approximately $ 986.3 Million to 1678.6 Million by the end of 2024 with a CAGR of close to 9.4% during the forecast timeline 2018-2024. Key parameters promoting the market growth is because of the design of the delivery mode of the stored items which eliminates the search time manually. The Vertical Lift Module increases the productivity up to 2/3 when compared to the normal shelving.

Vertical Lift Module (VLM) Market Report Segments Share:

Vertical Lift Module is segmented into by load capacities of VLM, by functions of VLM, by delivery type, by storage type, by Industry. Based on load capacities of VLM, these are segmented into up to 20 tonnes, up to 40 tonnes, and up to 60 tonnes. By functions of VLM, these are segmented into order Picking, batch Picking, consolidation, sortation, storage. By Delivery Type, these are segmented into single level delivery and dual Level delivery. By

Vertical Lift Module Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

storage type, these are segmented into non-refrigerated storage and refrigerator Storage. By industry, these are segmented into automotive, metals and heavy machinery, food and beverages, chemicals, healthcare, semiconductors and electronics, aviation, e-commerce, and others.

Europe is expected to have the largest share due to the growth in the pharmaceutical and automation industry followed by North America. The advancement in the communication and information technology is making Europe more technically advanced and in turn boosting the market share. By industry, vehicle manufacturers (automotive) are investing in huge amounts of capital on VLM’s in Europe region due to the rise in demand for motor vehicles. VLM’s are used in the automotive industry to store the components optimally and by most frequently used.

On the whole North America is the second fastest growing region, good growth in the SME section in the USA is the fundamental driver for the Vertical Lift Module Market in this region which is boosting the chances for the VLM’s manufacturers in North America. The SME’s in the USA is divided into many industries such as retail, real estate, logistics and warehousing, scientific and technical services, manufacturing and mining, construction, and healthcare. The growth in all these sectors together will elevate the demand of the VLM’s in North America region.

The major investment in the vehicle manufacturers is rising the demand for the motor vehicles, and middle east being rich in the oil resources which is pretty much needed for the motor vehicles to operate. Thus,

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Vertical Lift Module Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

increasing the share of the Vertical Lift Module Market.

On the basis on application or industry, South American countries like Argentina, Brazil, etc. are more involved in the shipment of goods in large cargo trucks for miles, and this process includes the use of VLM’s for the loading and unloading of goods from truck to inventory and vice-versa. This Automobile and Automation application together increases the market share in this region.

Vertical Lift Module (VLM) Market Report Trends:

Kardex Remstar has exhibited at Modex 2018, displaying a Shuttle XP Vertical Lift Module, LR 35 Vertical Buffer Module, Virtual Reality and the new Remote Support platform.
Mecalux launches 6,500 m2 innovative technology centre dedicated to automated solutions

Vertical Lift Module (VLM) Market Report Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

Ferretto
System Spa
Haenel
Kardex
Constructor Group

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