Vertical Lift Module Market By Size, Share and Forecast 2029F

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 812.59 million
CAGR (2024-2029)	8.09%
Fastest Growing Segment	Single-Level
Largest Market	Europe
Market Size (2029)	USD 1,307.60 million

Market Overview

Global Vertical Lift Module Market was valued at USD 812.59 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.09% through 2029. The growing demand for automation in warehouse operations is a significant driver for the adoption of VLMs. Businesses are increasingly recognizing the benefits of Automated Storage and Retrieval Systems (AS/RS) in improving efficiency, reducing labor costs, and minimizing errors in order fulfillment. Vertical Lift Module (VLMs), as a key component of AS/RS, automate the storage and retrieval of goods, contributing to streamlined processes and enhanced productivity.

Key Market Drivers

Increasing Demand for Automated Storage and Retrieval Systems (AS/RS)

The Global Vertical Lift Module (VLM) market is experiencing robust growth driven by the increasing demand for Automated Storage and Retrieval Systems (AS/RS). Companies across various industries are adopting advanced automation solutions to streamline their warehouse operations, enhance efficiency, and reduce operational costs. Vertical Lift Modules, a key component of AS/RS, offer a sophisticated and space-efficient storage solution. These systems are designed to maximize vertical space within a warehouse by utilizing high ceilings and allowing for the automated storage and retrieval of goods.

Driver behind the growing demand for VLMs is the need for businesses to optimize their warehouse space. Traditional storage methods often lead to wasted vertical space, resulting in larger warehouse footprints and increased operational costs. VLMs address this challenge by providing a compact and organized storage solution that utilizes vertical space effectively. As the demand for efficient warehouse management continues to rise, the Global Vertical Lift Module Market is expected to witness sustained growth.

Technological Advancements and Industry 4.0 Integration

Significant driver propelling the Global Vertical Lift Module Market is the continuous evolution of technology and the integration of Industry 4.0 principles. VLMs are becoming increasingly sophisticated with the incorporation of advanced technologies such as robotics, sensors, and intelligent control systems. These technological advancements enhance the efficiency and precision of storage and retrieval processes within the modules.

The integration of Industry 4.0 principles involves the interconnectivity of various components within a manufacturing or warehouse environment. VLMs, when integrated into smart factory systems, contribute to real-time data exchange, predictive maintenance, and overall operational visibility. The ability of VLMs to seamlessly integrate with other automated systems and enterprise-level software solutions positions them as a crucial element in the modernization of supply chain and logistics processes.

Rising E-commerce Activities and Fulfillment Centers

The surge in e-commerce activities and the growing demand for quick and accurate order fulfillment are driving the adoption of Vertical Lift Modules. With the rapid growth of online retail, companies are under increasing pressure to improve order processing speed, accuracy, and overall customer satisfaction. VLMs play a pivotal role in meeting these demands by automating the storage and retrieval of products in a highly efficient manner.

E-commerce fulfillment centers, in particular, benefit from the space optimization and increased picking accuracy offered by VLMs. The modular design of VLMs allows for the storage of a wide range of products in a compact footprint, enabling faster access to items and reducing the time required for order fulfillment. As the e-commerce landscape continues to evolve, the Global Vertical Lift Module Market is poised to witness sustained growth, driven by the critical role VLMs play in enhancing the operational capabilities of fulfillment centers.

Download Free Sample Report

Key Market Challenges

Initial Implementation Costs and Return on Investment Concerns

Primary challenges facing the Global Vertical Lift Module (VLM) Market is the significant initial implementation costs associated with these advanced automated storage systems. While Vertical Lift Modules offer long-term benefits such as increased storage efficiency, reduced labor costs, and enhanced accuracy in order fulfillment, the upfront investment required can be a deterrent for some businesses, especially smaller enterprises with constrained budgets.

The cost of acquiring and installing VLMs includes expenses related to system design, integration with existing warehouse infrastructure, and technology deployment. Additionally, there may be costs associated with training employees to operate and maintain these complex systems. The challenge for businesses lies in justifying these upfront expenditures and ensuring a reasonable return on investment (ROI) over time. Convincing stakeholders of the long-term benefits and value proposition of VLMs is crucial for overcoming this challenge and fostering broader adoption in the market.

Integration with Legacy Systems and Infrastructure

Significant challenge faced by the Global Vertical Lift Module Market is the integration of VLMs with existing legacy systems and infrastructure within warehouses and distribution centers. Many businesses operate with established warehouse management systems (WMS), enterprise resource planning (ERP) software, and other automation solutions that may not be inherently compatible with the advanced technology employed in VLMs.

The integration challenge extends beyond just software compatibility; it includes the physical integration of VLMs with the existing layout and processes of a facility. Retrofitting warehouses to accommodate VLMs without disrupting ongoing operations can be a complex task. Overcoming this challenge requires careful planning, investment in interoperable technologies, and sometimes a phased approach to implementation. Businesses must strategize to ensure a seamless integration that enhances overall operational efficiency rather than causing disruptions.

Maintenance and Downtime Risks

While Vertical Lift Modules are designed for durability and reliability, like any complex machinery, they require regular maintenance to ensure optimal performance. Maintenance challenges in the Global VLM Market include the need for specialized technicians, access to spare parts, and potential downtime during maintenance activities. Unplanned downtime can significantly impact warehouse operations, leading to delays in order fulfillment and potential revenue loss.

Effective maintenance strategies, such as predictive and preventive maintenance programs, are essential to mitigate these challenges. Businesses must plan for routine maintenance schedules, monitor equipment health through advanced diagnostics, and have contingency plans in place to minimize downtime. Addressing the maintenance and downtime risks is crucial for ensuring the continuous and reliable operation of VLMs, thus promoting their sustained adoption in the global market.

Key Market Trends

Integration of Artificial Intelligence (AI) and Machine Learning (ML) for Enhanced Automation

Prominent trend shaping the Global Vertical Lift Module (VLM) Market is the increasing integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies to further enhance automation and operational efficiency. As industries strive to optimize their warehouse and distribution processes, the application of AI and ML in VLMs opens up new possibilities for intelligent decision-making and adaptive systems.

AI-powered VLMs can analyze historical data, real-time inventory levels, and order patterns to optimize storage configurations dynamically. Machine learning algorithms enable these systems to continuously improve their performance by learning from experience, allowing for more accurate demand forecasting and efficient inventory management. Additionally, AI can enhance the predictive maintenance capabilities of VLMs, reducing the risk of unplanned downtime and optimizing the overall lifecycle of the equipment.

The integration of AI and ML in VLMs also facilitates better human-machine collaboration. Advanced robotic systems, guided by intelligent algorithms, can work alongside human operators seamlessly, improving picking accuracy and overall warehouse productivity. As the demand for data-driven decision-making and adaptive automation grows, the trend of incorporating AI and ML technologies into VLMs is expected to accelerate, providing a competitive edge to businesses in the rapidly evolving logistics landscape.

Sustainability and Green Technologies in Vertical Lift Modules

An emerging trend in the Global Vertical Lift Module Market is the increasing emphasis on sustainability and the adoption of green technologies within warehouse operations. As companies strive to align with environmentally friendly practices and meet rising customer expectations for eco-conscious business operations, the integration of sustainable features in VLMs is gaining traction.

One aspect of this trend involves the implementation of energy-efficient solutions in VLM design. Manufacturers are exploring ways to reduce the energy consumption of these systems, incorporating features such as regenerative braking, energy-efficient motors, and advanced power management systems. This not only helps organizations reduce their carbon footprint but also lowers operational costs by optimizing energy usage.

VLMs are being designed with recyclability and environmentally friendly materials in mind. Manufacturers are exploring the use of sustainable materials for construction, and end-of-life considerations are becoming integral to product design. This holistic approach to sustainability not only benefits the environment but also enhances the corporate social responsibility (CSR) profile of businesses deploying VLMs.

As sustainability becomes a key consideration for businesses and consumers alike, the adoption of green technologies in Vertical Lift Modules is expected to continue as a significant trend, influencing purchasing decisions and shaping the future landscape of automated storage solutions.

Segmental Insights

End-User Insights

The Automotive segment is projected to experience rapid growth during the forecast period. The automotive segment within the Global Vertical Lift Module (VLM) Market is a critical component of the overall industry landscape, providing efficient storage and retrieval solutions tailored to the specific needs of automotive manufacturers, suppliers, and distributors.

The automotive industry deals with a vast array of spare parts and components, ranging from small fasteners to larger mechanical parts. VLMs offer a significant advantage by optimizing vertical storage space, allowing automotive businesses to store a large number of SKUs in a compact footprint. This optimization leads to improved inventory management and quicker access to necessary parts during assembly or maintenance processes.

In the automotive sector, where precision and speed are crucial, VLMs contribute to enhanced order picking efficiency. These automated systems minimize the time required for workers to locate and retrieve specific parts, streamlining assembly and manufacturing processes. The ability to reduce picking errors and expedite order fulfillment is particularly beneficial in the fast-paced automotive manufacturing environment.

The automotive VLM segment is witnessing a trend towards the integration of Industry 4.0 technologies, including the Internet of Things (IoT), real-time data analytics, and connectivity. This allows for intelligent monitoring of inventory levels, predictive maintenance, and data-driven decision-making. As automotive manufacturers embrace digital transformation, VLMs play a crucial role in creating smart, interconnected manufacturing environments.

Download Free Sample Report

Regional Insights

Europe emerged as the dominating region in 2023, holding the largest market share. The surge in e-commerce activities across Europe has significantly influenced the adoption of VLMs. As consumers increasingly turn to online shopping, warehouses and distribution centers face the challenge of handling a growing number of SKUs. VLMs offer a solution by automating the storage and retrieval process, reducing order processing times, and enhancing accuracy. The e-commerce boom has accelerated the demand for advanced storage solutions, and VLMs play a crucial role in meeting these demands.

Europe places a strong emphasis on sustainability and green technologies. VLM manufacturers in the region are responding to this trend by incorporating energy-efficient features and environmentally friendly materials in their systems. The adoption of sustainable practices aligns with the broader European commitment to reducing carbon footprints and promoting eco-friendly business operations.

European industries are at the forefront of Industry 4.0 adoption. The integration of smart technologies, such as the Internet of Things (IoT) and data analytics, is a notable trend in the European VLM market. This integration allows for real-time monitoring, predictive maintenance, and data-driven decision-making, contributing to more efficient and intelligent warehouse operations.

With the growth of cross-border e-commerce, logistics and distribution centers in Europe are adapting to handle increased demand for international shipments. VLMs play a vital role in optimizing the storage and retrieval of products in these facilities, supporting the efficient processing of cross-border orders. This trend is particularly relevant as European consumers increasingly seek products from global suppliers.

The European Vertical Lift Module Market is characterized by a focus on efficiency, sustainability, and the integration of Industry 4.0 technologies. While challenges such as regulatory compliance and upfront costs exist, the trends indicate a growing recognition of the strategic advantages that VLMs offer in the dynamic and evolving landscape of European warehouse operations.

Recent Developments

In 2022, White Systems, a leading manufacturer of high-density intelligent storage solutions, forged a strategic partnership with Weland Solutions, a pioneering entity renowned for its innovative vertical lift solutions catering to diverse market needs. This alliance signifies a collaborative endeavor between two industry frontrunners, leveraging White Systems' expertise in high-density storage technology and Weland Solutions' proficiency in delivering cutting-edge vertical lift solutions. Together, they aim to offer enhanced storage solutions that optimize space utilization, streamline operations, and meet the evolving demands of modern businesses across various sectors.

Key Market Players

Kardex Holding AG
Hanel GmbH & Co. KG
Ferretto Group S.p.a
AutoCrib, Inc.
Modula Inc.
Weland Lagersystem AB
Schaefer Systems International Inc.
Automha S.p.A.
Mecalux, S.A.
Stanley Black & Decker, Inc.

By Delivery Type	By Storage Type	By End-User	By Region
Single-Level Dual-Level	Non-Refrigerated Refrigerated	Automotive Metals & Machinery Food & Beverages Chemicals Others	North America Europe Asia-Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Vertical Lift Module Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Vertical Lift Module Market, By Delivery Type:

o Single-Level

o Dual-Level

Vertical Lift Module Market, By Storage Type:

o Non-Refrigerated

o Refrigerated

Vertical Lift Module Market, By End-User:

o Automotive

o Metals & Machinery

o Food & Beverages

o Chemicals

o Others

Vertical Lift Module Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

§ Netherlands

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

§ Thailand

§ Malaysia

o South America

§ Brazil

§ Argentina

§ Colombia

§ Chile

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

§ Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Vertical Lift Module Market.

Available Customizations:

Global Vertical Lift Module Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Vertical Lift Module Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Formulation of the Scope

2.4. Assumptions and Limitations

2.5. Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6. Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7. Methodology Followed for Calculation of Market Size & Market Shares

2.8. Forecasting Methodology

2.8.1.Data Triangulation & Validation

3. Executive Summary

4. Impact of COVID-19 on Global Vertical Lift Module Market

5. Voice of Customer

6. Global Vertical Lift Module Market Overview

7. Global Vertical Lift Module Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Delivery Type (Single-Level and Dual-Level)

7.2.2.By Storage Type (Non-Refrigerated and Refrigerated)

7.2.3.By End-User (Automotive, Metals & Machinery, Food & Beverages, Chemicals and Others)

7.2.4.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3. By Company (2023)

7.4. Market Map

8. North America Vertical Lift Module Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Delivery Type

8.2.2.By Storage Type

8.2.3.By End-User

8.2.4.By Country

8.3. North America: Country Analysis

8.3.1.United States Vertical Lift Module Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Delivery Type

8.3.1.2.2. By Storage Type

8.3.1.2.3. By End-User

8.3.2.Canada Vertical Lift Module Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Delivery Type

8.3.2.2.2. By Storage Type

8.3.2.2.3. By End-User

8.3.3.Mexico Vertical Lift Module Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Delivery Type

8.3.3.2.2. By Storage Type

8.3.3.2.3. By End-User

9. Europe Vertical Lift Module Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Delivery Type

9.2.2.By Storage Type

9.2.3.By End-User

9.2.4.By Country

9.3. Europe: Country Analysis

9.3.1.Germany Vertical Lift Module Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Delivery Type

9.3.1.2.2. By Storage Type

9.3.1.2.3. By End-User

9.3.2.France Vertical Lift Module Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Delivery Type

9.3.2.2.2. By Storage Type

9.3.2.2.3. By End-User

9.3.3.United Kingdom Vertical Lift Module Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Delivery Type

9.3.3.2.2. By Storage Type

9.3.3.2.3. By End-User

9.3.4.Italy Vertical Lift Module Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Delivery Type

9.3.4.2.2. By Storage Type

9.3.4.2.3. By End-User

9.3.5.Spain Vertical Lift Module Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Delivery Type

9.3.5.2.2. By Storage Type

9.3.5.2.3. By End-User

9.3.6.Netherlands Vertical Lift Module Market Outlook

9.3.6.1. Market Size & Forecast

9.3.6.1.1. By Value

9.3.6.2. Market Share & Forecast

9.3.6.2.1. By Delivery Type

9.3.6.2.2. By Storage Type

9.3.6.2.3. By End-User

9.3.7.Belgium Vertical Lift Module Market Outlook

9.3.7.1. Market Size & Forecast

9.3.7.1.1. By Value

9.3.7.2. Market Share & Forecast

9.3.7.2.1. By Delivery Type

9.3.7.2.2. By Storage Type

9.3.7.2.3. By End-User

10. South America Vertical Lift Module Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Delivery Type

10.2.2. By Storage Type

10.2.3. By End-User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Vertical Lift Module Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Delivery Type

10.3.1.2.2. By Storage Type

10.3.1.2.3. By End-User

10.3.2. Colombia Vertical Lift Module Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Delivery Type

10.3.2.2.2. By Storage Type

10.3.2.2.3. By End-User

10.3.3. Argentina Vertical Lift Module Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Delivery Type

10.3.3.2.2. By Storage Type

10.3.3.2.3. By End-User

10.3.4. Chile Vertical Lift Module Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Delivery Type

10.3.4.2.2. By Storage Type

10.3.4.2.3. By End-User

11. Middle East & Africa Vertical Lift Module Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Delivery Type

11.2.2. By Storage Type

11.2.3. By End-User

11.2.4. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia Vertical Lift Module Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Delivery Type

11.3.1.2.2. By Storage Type

11.3.1.2.3. By End-User

11.3.2. UAE Vertical Lift Module Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Delivery Type

11.3.2.2.2. By Storage Type

11.3.2.2.3. By End-User

11.3.3. South Africa Vertical Lift Module Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Delivery Type

11.3.3.2.2. By Storage Type

11.3.3.2.3. By End-User

11.3.4. Turkey Vertical Lift Module Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Delivery Type

11.3.4.2.2. By Storage Type

11.3.4.2.3. By End-User

12. Asia-Pacific Vertical Lift Module Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Delivery Type

12.2.2. By Storage Type

12.2.3. By End-User

12.2.4. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1. China Vertical Lift Module Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Delivery Type

12.3.1.2.2. By Storage Type

12.3.1.2.3. By End-User

12.3.2. India Vertical Lift Module Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Delivery Type

12.3.2.2.2. By Storage Type

12.3.2.2.3. By End-User

12.3.3. Japan Vertical Lift Module Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Delivery Type

12.3.3.2.2. By Storage Type

12.3.3.2.3. By End-User

12.3.4. South Korea Vertical Lift Module Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Delivery Type

12.3.4.2.2. By Storage Type

12.3.4.2.3. By End-User

12.3.5. Australia Vertical Lift Module Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Delivery Type

12.3.5.2.2. By Storage Type

12.3.5.2.3. By End-User

12.3.6. Thailand Vertical Lift Module Market Outlook

12.3.6.1. Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2. Market Share & Forecast

12.3.6.2.1. By Delivery Type

12.3.6.2.2. By Storage Type

12.3.6.2.3. By End-User

12.3.7. Malaysia Vertical Lift Module Market Outlook

12.3.7.1. Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2. Market Share & Forecast

12.3.7.2.1. By Delivery Type

12.3.7.2.2. By Storage Type

12.3.7.2.3. By End-User

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

10.

11.

12.

13.

14.

15.

15.1. Kardex Holding AG

15.1.1. Business Overview

15.1.2. Key Revenue and Financials

15.1.3. Recent Developments

15.1.4. Key Personnel/Key Contact Person

15.1.5. Key Product/Services Offered

15.2. Hanel GmbH & Co. KG

15.2.1. Business Overview

15.2.2. Key Revenue and Financials

15.2.3. Recent Developments

15.2.4. Key Personnel/Key Contact Person

15.2.5. Key Product/Services Offered

15.3. Ferretto Group S.p.a

15.3.1. Business Overview

15.3.2. Key Revenue and Financials

15.3.3. Recent Developments

15.3.4. Key Personnel/Key Contact Person

15.3.5. Key Product/Services Offered

15.4. AutoCrib, Inc.

15.4.1. Business Overview

15.4.2. Key Revenue and Financials

15.4.3. Recent Developments

15.4.4. Key Personnel/Key Contact Person

15.4.5. Key Product/Services Offered

15.5. Modula Inc.

15.5.1. Business Overview

15.5.2. Key Revenue and Financials

15.5.3. Recent Developments

15.5.4. Key Personnel/Key Contact Person

15.5.5. Key Product/Services Offered

15.6. Weland Lagersystem AB

15.6.1. Business Overview

15.6.2. Key Revenue and Financials

15.6.3. Recent Developments

15.6.4. Key Personnel/Key Contact Person

15.6.5. Key Product/Services Offered

15.7. Schaefer Systems International Inc.

15.7.1. Business Overview

15.7.2. Key Revenue and Financials

15.7.3. Recent Developments

15.7.4. Key Personnel/Key Contact Person

15.7.5. Key Product/Services Offered

15.8. Automha S.p.A.

15.8.1. Business Overview

15.8.2. Key Revenue and Financials

15.8.3. Recent Developments

15.8.4. Key Personnel/Key Contact Person

15.8.5. Key Product/Services Offered

15.9. Mecalux, S.A.

15.9.1. Business Overview

15.9.2. Key Revenue and Financials

15.9.3. Recent Developments

15.9.4. Key Personnel/Key Contact Person

15.9.5. Key Product/Services Offered

15.10. Stanley Black & Decker, Inc.

15.10.1. Business Overview

15.10.2. Key Revenue and Financials

15.10.3. Recent Developments

15.10.4. Key Personnel/Key Contact Person

15.10.5. Key Product/Services Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Vertical Lift Module Market in 2023?

The market size of the Global Vertical Lift Module Market was USD 812.59 million in 2023.

Which was the dominant segment by storage type in the Global Vertical Lift Module Market in 2023?

The Non-Refrigerated segment demonstrated significant dominance in 2023. Non-refrigerated VLMs are designed to maximize vertical storage space within warehouses and distribution centers. With their compact footprint and ability to store items vertically, these modules enable businesses to make the most efficient use of their available space. This is especially critical for industries dealing with diverse product sizes and SKUs.

Which is the dominant region in the Global Vertical Lift Module Market?

In 2023, Europe emerged as the dominant force in the market, leveraging its status as a pivotal manufacturing hub, a strong commitment to automation and efficiency, and robust logistics and e-commerce sectors. This regional dominance underscores Europe's strategic advantage in driving innovation, operational excellence, and market competitiveness, positioning it as a key player in the global business landscape.

What are the major drivers for the Global Vertical Lift Module Market?

Increasing Demand for Automated Storage, Growing Adoption Across Industries and Retrieval Systems (AS/RS) are some of the major drivers for the Global Vertical Lift Module Market.

Related Reports

Sakshi Bajaal

Business Consultant

Talk To Analyst

Press Release

Vertical Lift Module Market is expected to grow at a CAGR of 8.09% through 2029

Apr, 2024

Vertical Lift Module Market is expected to grow owing to expansion of e-commerce and the shift in consumer preferences towards online shopping throughout the forecast period

Buy Now