Vertical Lift Module (VLM) Market to Grow at a CAGR of 9.5% to reach US$ US$ 1667.6 Mn Million from 2017 to 2025

The Global Vertical Lift Module Market accounted for US$ 808.5 Mn in 2017 and is expected to grow at a CAGR of 9.5% during the forecast period 2017 – 2025, to account for US$ US$ 1667.6 Mn in 2025.

The vertical lift module market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. APAC being the fastest growing region in the e-commerce landscape, is driving the need and providing opportunities to logistics companies for serving the fast moving sector. The growth in increased internet and mobile penetration, increasing number of e-commerce players along with increasing logistics options in the value chain has resulted in fueling the e-commerce sector in the region.  In order to stay competitive in the dynamic and fast moving e-commerce landscape, the logistic players are in a need to reinvent their storage facilities and warehouse operations. Also with the presence of several players in the market, managing customer complexities and expectations are the key challenges faced by the logistics companies. To overcome these challenges, logistics companies are choosing automated systems to enhance their warehouse operations as well as worker safety and comfort. Thus, owing to increased space utilization benefit delivered by VLMs and increased inventory control, the demand for such ASRS solutions is experiencing a high growth in the rapidly growing logistics sector of APAC countries. Asia Pacific vertical lift module market region is expected to witness a CAGR growth rate of 12.02% in the coming years.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Get FREE CUSTOMIZATION

Vertical Lift Module (VLM) Market: Strategic Insights

• Get Top Key Market Trends of this report.
  This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Free Sample PDF

Market Insights

Need for optimized and space efficient storage systems

Growing population across the globe, is tremendously impacting the demand for multiple product categories in automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. In order to cater to this enormously increasing demand, manufacturers have increased their productions significantly. VLM is such a storage solution, which salvages more than 80% of floor space by stacking the material in vertical shelves. Also, these storage systems are designed in such a way that they deliver the stored product to an operator at an ergonomically located position just on the push of a button, with minimal manual efforts. This effortless delivery results in time saving and significant rise in productivity at the workplace

Growing e-commerce industry bringing-in more automated storage solutions

The development of e-commerce industry goes hand-in-hand with prosperity of the automated storage industry. Stocking of products sold by e-commerce sellers is stored in warehouses, and to reduce time for sorting and stocking of these products, vertical lift modules seem to be the best tools. The advent of automation into other industries including manufacturing, marketing, supply chain, and more have brought a revolutionary change in the way businesses are done. Each and every aspect is now being substituted by appropriate automation mechanism that provides an opportunity to increase its work efficiency and also productivity. A spike on the demand side has forced businesses to move on to operations that take less time and increase efficiency. Also, the e-commerce industry is witnessing its peak periods and is one of the biggest users of the automated storage systems. These factors are expected to boost the vertical lift module market.

Vertical Lift Module Market – End-User Insight

The major end-users for vertical lift modules market are automotive, food & beverage, electronics, retail, e-commerce, logistics, aerospace, pharmaceuticals and others. In aerospace Industry high level of control and security is common. It is even same for the tools, spares, parts and materials stored or managed on production sites. Some of the parts and tools must be securely stored safely and assets of high value must be protected and stored to avoid theft to maintain confidentiality. VLM solutions provides secure storing by physically hindering operator’s access to the stored items. With the rising shortage of space aerospace industry is looking for techniques to free up available space in the manufacturing unit. VLM helps in optimizing logistics and processes strategies to efficiently manage storage with the available ground space available Thus, the aerospace industry in vertical lift module market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.

The market initiative and new development was observed as the most adopted strategy in global vertical lift module market. Few of the recent strategies by some of the players operating in vertical lift module market landscape are listed below-

2017: Hanel Storage Systems installed 3 Lean-Lift VLMs at Productivity, Inc. in Minneapolis, US. Productivity, Inc. is a distributor of machine tools as well as tooling accessories for the metalworking industry.

2016: EffiMat Storage Technology AS partnered with ChinaSourcing E & T Co., Ltd to enhance the company’s distribution network by making ChinaSourcing as a sole distributor of EffiMat’s VLM across China Mainland.

2016: Kardex Remstar deployed 18 Shuttle XP VLMs at ALSO, a Switzerland based ICT distribution and logistic Company.

Vertical Lift Module (VLM) Market Regional Insights

The regional trends and factors influencing the Vertical Lift Module (VLM) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Vertical Lift Module (VLM) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Vertical Lift Module (VLM) Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Vertical Lift Module (VLM) Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Vertical Lift Module (VLM) Market are:

1. Hanel Storage Systems
2. Interlake Mecalux, Kardex Group
3. Lauyans and Co.
4. Sapient Automation,
5. SencorpWhite, System Logistics,

Disclaimer: The companies listed above are not ranked in any particular order.

GLOBAL VERTICAL LIFT MODULE – SEGMENTATION

Global Vertical Lift Module Market – By End-user

• Automotive
• Electronics
• Food & Beverage
• E-Commerce
• Aerospace
• Logistics
• Pharmaceuticals
• Retail
• Others ( agriculture, construction, oil & gas )

Global Automated Storage Retrieval Systems Market – By Type

• Unit Load ASRS
• Mini Load ASRS
• Carousals
• Vertical Lift Module (VLM)
• Others

Global Vertical Lift Module Market – By Geography

• North America

  • U.S.
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • Spain
  • U.K.
  • East Europe

• Asia Pacific (APAC)

  • Japan
  • China
  • India
  • Australia

• Middle East & Africa (MEA)

  • Saudi Arabia
  • South Africa
  • UAE

• South America (SAM)

  • Brazil
  • Argentina

Vertical Lift Module Market - Company Profiles

• Hanel Storage Systems
• Interlake Mecalux, Kardex Group
• Lauyans and Co.
• Sapient Automation,
• SencorpWhite, System Logistics,
• Schaefer Systems International
• Effimat,
• Dexion,
• Modula
• Weland Lagersystems AB,
• Ferretto Group Spa
• ICAM SRL