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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, 2021-2028
ID:VMR11214050
April 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Vertical Lift Module Market Overview
The key driver impacting the vertical lift module market is the rapidly expanding e-commerce sector across the world. It played an important role in the vertical lift module's progress as it can create the demand for vertical lift modules for improved warehouse management. The rapidly growing e-commerce industry is estimated to boost market demand in the coming years. for instance, the most recent UN’s the trade and development body(UNCTA- 2020) report shows that global e-commerce sales account for $25.6 trillion in 2018, which increased by 8% from 2017. there were approximately 1.4 billion people who shopped online in 2018. the countries like US, China, and the UK lead e-commerce sales to consumers. B2C e-commerce was recorded at $4.4 trillion, rose by 16% from 2017. Moreover, the high demand for vertical lift module systems installation across the retail sector, food & beverages for better logistics management is estimated to be a significant factor that adds growth to the market.
The rising focus towards industrial automation and growth of industry 4.0 is estimated to improve market demand in the forecast period. for instance, according to the world economic forum, only 35% of the time will be spent on manual routine work, and over 60% work process is estimated to be automated by 2030. By 2035, jobs with high automation potential will be closer to 35-50% for manufacturing, transportation and storage, and retail trade sectors. however, the easy availability of used VMLs at low pricing may hamper the global vertical lift module industry in the long run. also, the availability of cheap labor or workforce in developing countries such as India and China is negatively impacting the growth of the market. the current industry trends, such as the growing demand for customized solutions and the integration of robots with VLMS, are expected to provide beneficial market opportunities for the market players.
The vertical lift module market is vast, with many local and global players. the key leaders follow several strategies to improve their market position, such as mergers, acquisitions, expansions, product innovations, and extending product portfolio, to boost their market share globally. the known players included 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.
In this research report, the vertical lift module market is segmented by delivery type, storage type, end-user, and region.
Analysis by Delivery Type:
By delivery type, the report is categorized into single-level delivery and dual-level delivery. The single-level delivery segment dominates the delivery type segment in 2019 with more than two-thirds of the market share. It is due to its extensive demand for quicker storage and recovery of heterogeneous goods and the growing need for maximum storage space utilization. Moreover, speedy industrialization across emerging Asian nations, such as India, China, and Vietnam, the rapidly expanding e-commerce sector, and the need for automated warehousing and distribution operations contribute to the vast market demand from a wide range of industries.
Analysis by Storage Type:
By storage type, the report is categorized into non-refrigerated storage and refrigerated storage. There is a vast growth observed in the non-refrigerated storage segment as leading manufacturing industries such as metals and heavy machinery, automotive, semiconductors and electronics, and aviation use non-refrigerated VLMs to fulfill the need for efficient and cost-optimized storage and handling solutions for goods. Moreover, the non-refrigerated VLM is considered the perfect option for these manufacturing industries as raw materials utilized in these industries are not susceptible to temperature change, thus contribute to the vast market demand in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into automotive, metals & machinery, food & beverages, chemicals, healthcare, semiconductor & electronics, aviation, e-commerce, and others. There is a vast growth observed in the automotive segment. It is due to its high adoption of VLMs in the automotive sector and rapid progress in the automotive industry by offering innovative products based on new technologies. Moreover, the rapidly growing demand for automotive worldwide contributes to the massive market demand in the forecast period.
Analysis by Region:
In the regional outlook of the global vertical lift module market, the Europe region dominates with a maximum market share of 35% in 2019. The well-developed automotive sector and the rising VLM installations across aviation, chemicals, healthcare, and food and beverages sectors are driving the vertical lift module market in Europe. Moreover, the growing focus of key players on promoting the advancements in technologies, the launch of new products, and the need to optimize warehouse space contributes to the development of the vertical lift module market across Europe.
Market Segmentation covered in the Report:
By Delivery Type
The key driver impacting the vertical lift module market is the rapidly expanding e-commerce sector across the world. It played an important role in the vertical lift module's progress as it can create the demand for vertical lift modules for improved warehouse management. The rapidly growing e-commerce industry is estimated to boost market demand in the coming years. for instance, the most recent UN’s the trade and development body(UNCTA- 2020) report shows that global e-commerce sales account for $25.6 trillion in 2018, which increased by 8% from 2017. there were approximately 1.4 billion people who shopped online in 2018. the countries like US, China, and the UK lead e-commerce sales to consumers. B2C e-commerce was recorded at $4.4 trillion, rose by 16% from 2017. Moreover, the high demand for vertical lift module systems installation across the retail sector, food & beverages for better logistics management is estimated to be a significant factor that adds growth to the market.
According to Value Market Research, the global vertical lift module market was valued at around USD 875 million by 2020 and is estimated to grow at a CAGR of about 7.5% during the forecast period of 2020 to 2026.
The rising focus towards industrial automation and growth of industry 4.0 is estimated to improve market demand in the forecast period. for instance, according to the world economic forum, only 35% of the time will be spent on manual routine work, and over 60% work process is estimated to be automated by 2030. By 2035, jobs with high automation potential will be closer to 35-50% for manufacturing, transportation and storage, and retail trade sectors. however, the easy availability of used VMLs at low pricing may hamper the global vertical lift module industry in the long run. also, the availability of cheap labor or workforce in developing countries such as India and China is negatively impacting the growth of the market. the current industry trends, such as the growing demand for customized solutions and the integration of robots with VLMS, are expected to provide beneficial market opportunities for the market players.
The vertical lift module market is vast, with many local and global players. the key leaders follow several strategies to improve their market position, such as mergers, acquisitions, expansions, product innovations, and extending product portfolio, to boost their market share globally. the known players included 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.
In this research report, the vertical lift module market is segmented by delivery type, storage type, end-user, and region.
Analysis by Delivery Type:
By delivery type, the report is categorized into single-level delivery and dual-level delivery. The single-level delivery segment dominates the delivery type segment in 2019 with more than two-thirds of the market share. It is due to its extensive demand for quicker storage and recovery of heterogeneous goods and the growing need for maximum storage space utilization. Moreover, speedy industrialization across emerging Asian nations, such as India, China, and Vietnam, the rapidly expanding e-commerce sector, and the need for automated warehousing and distribution operations contribute to the vast market demand from a wide range of industries.
Analysis by Storage Type:
By storage type, the report is categorized into non-refrigerated storage and refrigerated storage. There is a vast growth observed in the non-refrigerated storage segment as leading manufacturing industries such as metals and heavy machinery, automotive, semiconductors and electronics, and aviation use non-refrigerated VLMs to fulfill the need for efficient and cost-optimized storage and handling solutions for goods. Moreover, the non-refrigerated VLM is considered the perfect option for these manufacturing industries as raw materials utilized in these industries are not susceptible to temperature change, thus contribute to the vast market demand in the forecast period.
Analysis by End-User:
By end-user, the report is categorized into automotive, metals & machinery, food & beverages, chemicals, healthcare, semiconductor & electronics, aviation, e-commerce, and others. There is a vast growth observed in the automotive segment. It is due to its high adoption of VLMs in the automotive sector and rapid progress in the automotive industry by offering innovative products based on new technologies. Moreover, the rapidly growing demand for automotive worldwide contributes to the massive market demand in the forecast period.
Analysis by Region:
In the regional outlook of the global vertical lift module market, the Europe region dominates with a maximum market share of 35% in 2019. The well-developed automotive sector and the rising VLM installations across aviation, chemicals, healthcare, and food and beverages sectors are driving the vertical lift module market in Europe. Moreover, the growing focus of key players on promoting the advancements in technologies, the launch of new products, and the need to optimize warehouse space contributes to the development of the vertical lift module market across Europe.
Market Segmentation covered in the Report:
By Delivery Type
- Single-Level Delivery
- Dual-Level Delivery
- Non-Refrigerated Storage
- Refrigerated Storage
- Automotive
- Metals & Machinery
- Food & Beverages
- Chemicals
- Healthcare
- Semiconductor & Electronics
- Aviation
- E-Commerce
- Other Industries
- North America
- Europe
- The Asia Pacific
- Latin America
- The Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . VERTICAL LIFT MODULE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Delivery Type
3.7.2 By Storage Type
3.7.3 By End-User
3.7.4 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL VERTICAL LIFT MODULE MARKET ANALYSIS BY DELIVERY TYPE
6.1 Overview by Delivery Type
6.2 Historical and Forecast Data
6.3 Analysis by Delivery Type
6.4 Single-Level Delivery Market by Regions
6.5 Dual-Level Delivery Market by Regions
7 . GLOBAL VERTICAL LIFT MODULE MARKET ANALYSIS BY STORAGE TYPE
7.1 Overview by Storage Type
7.2 Historical and Forecast Data
7.3 Analysis by Storage Type
7.4 Non-Refrigerated Storage Market by Regions
7.5 Refrigerated Storage Market by Regions
8 . GLOBAL VERTICAL LIFT MODULE MARKET ANALYSIS BY END-USER
8.1 Overview by End-User
8.2 Historical and Forecast Data
8.3 Analysis by End-User
8.4 Automotive Market by Regions
8.5 Metals & Machinery Market by Regions
8.6 Food & Beverages Market by Regions
8.7 Chemicals Market by Regions
8.8 Healthcare Market by Regions
8.9 Semiconductor & Electronics Market by Regions
8.10. Aviation Market by Regions
8.11 E-Commerce Market by Regions
8.12 Other Industries Market by Regions
9 . GLOBAL VERTICAL LIFT MODULE MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America
9.3.1. Overview, Historic and Forecast Data
9.3.2. North America By Segment
9.3.3. North America By Country
9.3.4. United State
9.3.5. Canada
9.3.6. Mexico
9.4. Europe
9.4.1. Overview, Historic and Forecast Data
9.4.2. Europe by Segment
9.4.3. Europe by Country
9.4.4. United Kingdom
9.4.5. France
9.4.6. Germany
9.4.7. Italy
9.4.8. Russia
9.4.9. Rest Of Europe
9.5. Asia Pacific
9.5.1. Overview, Historic and Forecast Data
9.5.2. Asia Pacific by Segment
9.5.3. Asia Pacific by Country
9.5.4. China
9.5.5. India
9.5.6. Japan
9.5.7. South Korea
9.5.8. Australia
9.5.9. Rest Of Asia Pacific
9.6. Latin America
9.6.1. Overview, Historic and Forecast Data
9.6.2. Latin America by Segment
9.6.3. Latin America by Country
9.6.4. Brazil
9.6.5. Argentina
9.6.6. Peru
9.6.7. Chile
9.6.8. Rest of Latin America
9.7. Middle East & Africa
9.7.1. Overview, Historic and Forecast Data
9.7.2. Middle East & Africa by Segment
9.7.3. Middle East & Africa by Country
9.7.4. Saudi Arabia
9.7.5. UAE
9.7.6. Israel
9.7.7. South Africa
9.7.8. Rest Of Middle East And Africa
10 . COMPETITIVE LANDSCAPE OF THE VERTICAL LIFT MODULE COMPANIES
10.1. Vertical Lift Module Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11 . COMPANY PROFILES OF VERTICAL LIFT MODULE INDUSTRY
11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Gonvarri Material Handling
11.3.1. Company Overview
11.3.2. Financials
11.3.3. Products
11.3.4. Recent Developments
11.4. Ferretto Group S.p.a.
11.4.1. Company Overview
11.4.2. Financials
11.4.3. Products
11.4.4. Recent Developments
11.5. EffiMat Storage Technology A/S
11.5.1. Company Overview
11.5.2. Financials
11.5.3. Products
11.5.4. Recent Developments
11.6. ICAM SRL, AutoCrib, Inc.
11.6.1. Company Overview
11.6.2. Financials
11.6.3. Products
11.6.4. Recent Developments
11.7. Hänel Storage Systems
11.7.1. Company Overview
11.7.2. Financials
11.7.3. Products
11.7.4. Recent Developments
11.8. Kardex Remstar, Modula S.p.A
11.8.1. Company Overview
11.8.2. Financials
11.8.3. Products
11.8.4. Recent Developments
11.9. Weland Solutions AB
11.9.1. Company Overview
11.9.2. Financials
11.9.3. Products
11.9.4. Recent Developments
11.10. Automha S.p.A
11.10.1. Company Overview
11.10.2. Financials
11.10.3. Products
11.10.4. Recent Developments
11.11. SSI SCHAEFER Group
11.11.1. Company Overview
11.11.2. Financials
11.11.3. Products
11.11.4. Recent Developments
11.12. Vidir Solutions, Inc.
11.12.1. Company Overview
11.12.2. Financials
11.12.3. Products
11.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Delivery Type (USD MN)
- Single-Level Delivery Market by Geography (USD MN)
- Dual-Level Delivery Market by Geography (USD MN)
- Analysis Market by Storage Type (USD MN)
- Non-Refrigerated Storage Market by Geography (USD MN)
- Refrigerated Storage Market by Geography (USD MN)
- Analysis by End-User (USD MN)
- Automotive Market by Geography (USD MN)
- Metals & Machinery Market by Geography (USD MN)
- Food & Beverages Market by Geography (USD MN)
- Chemicals Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- Semiconductor & Electronics Market by Geography (USD MN)
- Aviation Market by Geography (USD MN)
- E-Commerce Market by Geography (USD MN)
- Other Industries Market by Geography (USD MN)
- Global Vertical Lift Module Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Vertical Lift Module Report
- Market Research Process
- Market Research Methodology
- Global Vertical Lift Module Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Delivery Type
- Market Attractiveness Analysis by Storage Type
- Market Attractiveness Analysis by End-User
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Delivery Type (USD MN)
- Single-Level Delivery Market by Geography (USD MN)
- Dual-Level Delivery Market by Geography (USD MN)
- Global Market Analysis by Storage Type (USD MN)
- Non-Refrigerated Storage Market by Geography (USD MN)
- Refrigerated Storage Market by Geography (USD MN)
- Global Market Analysis by End-User (USD MN)
- Automotive Market by Geography (USD MN)
- Metals & Machinery Market by Geography (USD MN)
- Food & Beverages Market by Geography (USD MN)
- Chemicals Market by Geography (USD MN)
- Healthcare Market by Geography (USD MN)
- Semiconductor & Electronics Market by Geography (USD MN)
- Aviation Market by Geography (USD MN)
- E-Commerce Market by Geography (USD MN)
- Other Industries Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments