Vertical Lift Module Market to Record Ascending Growth by 2025

With the advent of automation, the material handling industry has made a huge leap forward. Technological advancements are helping the material handling industry rely on machines to perform complex tasks in a structured way. Material handling is an important part of the manufacturing and logistics industry, which has consistently been on an upward path. Robust growth of these various sectors is thus heavily dependent on advancements made in material handling segment. Vertical lift module or VLM is a storage system which consists of two parallel columns of vertically arranged trays, a delivery lift platform mechanism and is operated through computers. Goods stored in vertical lift modules are brought automatically to an operator, thereby considerably reducing walk time and search time. The major advantage that vertical lift module offers in comparison to conventional shelving is that it allows businesses to optimize floor space and increase productivity. It also allows businesses to wrap retrieval, picking and packing processes under a single process. When mapped on a product life cycle, the market for vertical lift modules is still in the second phase of growth stage. Thus, FMI predicts that untapped growth opportunities exist within the Vertical Lift Module market and hence, the market is expected to grow at a healthy growth rate during the forecast period.

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Global Vertical Lift Module Market: Dynamics

Performance of end use industries, which in turn are being driven by economic growth, is expected to be one of the major factors driving demand for the vertical lift module market. Thus, macro-economic factors will have a direct effect on the demand for vertical lift modules in near future. From the demand side perspective, increased demand for customized solutions leading to new product developments will be a significant growth driver for the vertical lift module market. Added benefits of vertical lift module when compared with existing solutions will also lead to an upsurge in demand for vertical lift module. Vertical lift modules offer various advantages such as reduced floor space requirement, enhanced productivity, higher efficiency, product security, operator’s safety and higher reliability. That apart, vertical lift modules also offer a relatively large inventory of goods which can be accessed quickly.

Global Vertical Lift Module Market: Segmentation

The global Vertical Lift Module market can be segmented on the basis of configuration, application and end use industry.

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On the basis of configuration, the global vertical lift module market can be categorized into:

• External Picking Bay
• Internal Picking Bay

On the basis of application, the global vertical lift module market can be categorized into:

• Light & Medium Duty
• Heavy Duty

On the basis of end use industry, the global vertical lift module market can be categorized into:

• Industrial
  • Automotive
  • Food & Beverage
  • Paper & Pulp
  • Electrical & Electronics
  • Medical & Healthcare
  • Aerospace
  • Others
• Commercial
  • Logistics
  • Retail
  • Others

Global Vertical Lift Module Market: Regional Outlook

By region, North America and Europe are early adopters of vertical lift module systems. Most of the leading players operating in the global vertical lift module market are based in North America and Europe. Thus, the market in both these regions is expected to be technology driven and there will be high demand for advanced products with latest technologies. Also, owing to robust economic growth in India, China and ASEAN countries which has created huge business opportunities in the region and increased industrial establishments annually, the Asia Pacific market for vertical lift module will pose significant growth opportunities in near future. Middle East & Africa and Latin America are anticipated to hold relatively lower market share. However, the outlook for demand remains optimistic over the forecast period.

Global Vertical Lift Module Market: Market Participants

Owing to the many requirements that form a part of the precise manufacturing process used to develop vertical lift modules, the market is characterized by the presence of only a limited number of major players in the market.

Examples of some of the market participants identified across the value chain of the global Vertical Lift Module market are:

• SSI SCHAEFER AG
• Modula
• Vidmar
• Bastian Solutions, Inc.
• SI Systems, LLC.
• Systec Group
• Central Conveyor Company
• Cisco-Eagle
• Kardex Remstar
• CI Industrial, LLC.
• SencorpWhite

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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