Vertical Lift Module Market Revenue to outshine USD 1844.9 MN By 2027
Posted On March 16, 2021
The Global Vertical Lift Module Market revenue is anticipated to grow to around USD 1844.9 MN by 2027 with a CAGR of 8.6% during the year 2021-2027 as per the report published by Value Market Research. The growing need to automate racking and storage in warehouses to optimize storage space and increase pickup time will be the main stimulating factors for the vertical lift module market. The availability of VLMs in multiple configurations offering varied storage tray width, depth, and weight capacities for use across all verticals and industries will benefit the market's growth. Incorporating several modern technologies like barcode readers, conveyor systems, and robotics will further boost the market growth. VLMs' rising demand for storing pharmaceutical samples, electronic materials, and other goods that need to be kept in pristine condition will be a market booster. High initial investment and maintenance costs are a few barriers to the growth of this market.
A vertical lift module (VLM) is an automated storage and retrieval system that provides storage and picking solutions in one system. It is similar to a storage lift with modules to store items on trays and deliver them to an overhead work counter with the touch of a button on a control device. VLMs are generally used for order picking, kitting, parts handling, inventory storage, buffer storage, and numerous other operations. They help save floor space, increase productivity, improve workforce ergonomics, and help control the retrieval process. VLMs can be used to store goods in air-conditioned units or under cleanroom conditions.
The elaborate study "Global Vertical Lift Module Market Report By Delivery Type (Single-Level Delivery, Dual-Level Delivery), By Storage Type (Non-Refrigerated Storage, Refrigerated Storage), By End-User (Automotive, Metals & Machinery, Food & Beverages, Chemicals, Healthcare, Semiconductor & Electronics, Aviation, E-Commerce, Other Industries) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of Delivery Type the market is segmented into Single-Level Delivery, Dual-Level Delivery. By Storage Type the vertical lift module market is categorised as Non-Refrigerated Storage, Refrigerated Storage. By End-User the vertical lift module market is categorised as Automotive, Metals & Machinery, Food & Beverages, Chemicals, Healthcare, Semiconductor & Electronics, Aviation, E-Commerce, Other Industries. The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Vertical Lift Module Market -
By Delivery Type
- Single-Level Delivery
- Dual-Level Delivery
By Storage Type
- Non-Refrigerated Storage
- Refrigerated Storage
- Metals & Machinery
- Food & Beverages
- Semiconductor & Electronics
- Other Industries
- North America
- The Asia Pacific
- Latin America
- The Middle East and Africa
Players Profiled In the Report:
Gonvarri Material Handling, Ferretto Group S.p.a., EffiMat Storage Technology A/S, ICAM SRL, AutoCrib, Inc., Hänel Storage Systems, Kardex Remstar, Modula S.p.A, Weland Solutions AB, Automha S.p.A, SSI SCHAEFER Group, and Vidir Solutions, Inc.
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