Vertical Lift Module Market is expected to grow at a CAGR of 8.09% through 2029
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.
According
to TechSci Research report, “Vertical
Lift Module Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2029”, the Global Vertical Lift Module Market is
expected to register robust growth during the forecast period. One of the fundamental drivers of the
Global VLM Market is the need for efficient space utilization in warehouses and
distribution centers. Traditional storage methods often lead to wasted vertical
space, limiting the overall capacity of a facility. VLMs address this challenge
by maximizing vertical storage space. Their compact design and ability to store
items densely allow businesses to make the most of available space, leading to
increased storage capacity and better organization.
The
continued growth of e-commerce worldwide presents a significant opportunity for
the VLM market. As more businesses shift towards online retail, there is an
increasing demand for automated storage and retrieval systems to optimize
warehouse operations. VLMs play a crucial role in facilitating quick and
accurate order fulfillment, making them a preferred solution for e-commerce
fulfillment centers. The expansion of the e-commerce sector provides a
substantial growth opportunity for VLM manufacturers.
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Vertical Lift Module Market"
Based
on Storage Type, the
Non-Refrigerated segment is expected to dominate the market during the forecast
period. The non-refrigerated VLMs contribute to enhanced order picking
efficiency. By automating the storage and retrieval process, these systems
reduce the time required for workers to locate and pick items manually. This
efficiency gain is particularly valuable in industries with high order volumes,
such as e-commerce and retail, where quick and accurate order fulfillment is
essential. The versatility of non-refrigerated VLMs allows them to cater to a
broad spectrum of industries. From storing automotive parts in manufacturing
facilities to managing a diverse range of products in retail warehouses, these
modules are adaptable to different business needs. This versatility contributes
to their widespread adoption across various sectors. Non-refrigerated VLM manufacturers are
increasingly focusing on providing customizable solutions to meet
industry-specific requirements. This involves designing modules that can
accommodate various product types, sizes, and weights. Customization allows
businesses to tailor the VLM system to their unique operational needs,
enhancing overall efficiency.
Non-Refrigerated vertical lift modules offer versatile
storage solutions suitable for a wide range of industries, including
automotive, retail, e-commerce, and manufacturing, among others. These modules
are adept at handling various types of goods, from small components to larger
items, providing flexibility and scalability to businesses of all sizes.
Additionally, the rising demand for efficient and space-saving storage
solutions in warehouses and distribution centers is driving the adoption of
Non-Refrigerated vertical lift modules. Moreover, advancements in automation
technologies and the integration of software solutions are enhancing the
efficiency and functionality of these modules, further bolstering their appeal
to businesses seeking to optimize their storage and retrieval processes. With
these factors combined, the Non-Refrigerated segment is poised to maintain its
dominance in the vertical lift module market throughout the forecast period,
offering businesses the means to enhance productivity, streamline operations,
and maximize their storage capacities.
Key
market players in the Global Vertical Lift Module Market are:-
- 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.
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“Europe is poised to be the dominant region in the industry. European
industries, ranging from manufacturing to e-commerce and logistics, prioritize
efficiency and space optimization in warehouse operations. The limited
availability of space, especially in urban areas, makes VLMs an attractive
solution. These systems maximize vertical storage space, allowing businesses to
store a large number of SKUs in a compact footprint. The efficiency gains
contribute to streamlined operations and improved overall productivity.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Vertical Lift Module Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Delivery Type (Single-Level and Dual-Level), By Storage Type (Non-Refrigerated and Refrigerated), By End-User (Automotive, Metals & Machinery, Food & Beverages, Chemicals and Others), By Region, and By Competition, 2019-2029F” has evaluated the future growth potential of Global Vertical Lift Module Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Vertical Lift Module
Market.
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