Vertical Lift Module (VLM) Market by Delivery Type, Storage Type, Industry, and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2032
Overview
Vertical Lift Module (VLM) Market is expected to grow at a CAGR of 9% during the forecast period. Vertical Lift Module (VLM) Market is expected to reach USD 2.79 Bn by 2030.
Vertical Lift Module (VLM) Market are the enclosed system of vertically arranged racks with varied payload capabilities that are automated and operated on computerized commands that either deliver goods or replenishes the goods in an ergonomically positioned workstation depending on user requirements. Vertical Lift Modules Market has several advantages that include improved inventory turns, help to eliminate operator injuries, save 80% of wasted space.
Increasing focus on worker safety and security, rising demand for warehouse automation, benefits of deploying VLMs compared to standard shelving systems, growing need to optimize warehouse floor space, rising warehouse rentals are major driving factors for growth of Vertical Lift Module (VLM) Market. 
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Further key findings from the Vertical Lift Module (VLM) Market:
• In delivery type segment Single-level delivery is expected to hold the largest share during the forecast period. Automotive industry expected to be the largest share of single-level delivery Vertical Lift Modules Market owing to facts that increasing automobile sales and increasing demand for automotive spare part in the industry.
• Non-refrigerated VLMs are expected to hold the largest share of Vertical Lift Modules Market since industries such as aviation, automotive and metals & heavy machinery requires huge storage space that demands efficient handling and storage of goods, with no need of temperature controlled environment.
• Due to the rising demand for automotive parts automotive suppliers have made rapid growth in the automotive industry. This rapid growth requires efficient handling and storing of goods, this factor leads to an increase in adoption of VLMs in the automotive industry and expected to grow at higher CAGR during the forecast period.
• Europe held the largest share of Vertical Lift Modules Market in 2023. Governments of countries such as Germany, UK, and France are investing largely in automotive, and metals and heavy machinery industries thereby driving the growth of VLM in Europe.
Vertical Lift Module (VLM) Market Key Highlights:
• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Vertical Lift Module (VLM) Market.
• The objective of the report is to provide a detailed analysis of the Vertical Lift Modules Market on the basis of delivery type, storage type, industry, and geography
• Complete quantitative analysis of the industry from 2023 to 2030 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Vertical Lift Module (VLM) Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Vertical Lift Module (VLM) Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Vertical Lift Module (VLM) Market Research Methodology:
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Vertical Lift Module (VLM) Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Vertical Lift Module (VLM) Market globally.
Vertical Lift Module (VLM) Market Key Target Audience:
• VLM manufacturers.
• VLM-related associations, organizations, forums, and alliances.
• End-users/enterprise-users.
• Research institutes and organizations.
• Government bodies, venture capitalists, and private equity firms.
• Enterprise data center professionals.
• Market research and consulting firms.
Vertical Lift Module (VLM) Market Scope : Inquire before buying
| Vertical Lift Module (VLM)Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 1.52 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 9% | Market Size in 2030: | USD 2.79 Bn. |
| Segments Covered: | by Delivery Type | Single-Level Delivery Dual-Level Delivery |
|
| by Storage Type | Refrigerated Storage Non-Refrigerated Storage |
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| by Industry | Metals & Heavy Machinery Food & Beverages Automotive Chemicals Healthcare E-Commerce Aviation |
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Vertical Lift Module (VLM) Market, by Region
<strong>North America</strong> (United States, Canada and Mexico)
<strong>Europe</strong> (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
<strong>Asia Pacific</strong> (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
<strong>Middle East and Africa</strong> (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
<strong>South America</strong> (Brazil, Argentina, Columbia and Rest of South America)
Vertical Lift Module (VLM) Market Key Players :
1. Haenel
2. Ferretto
3. Kardex
4. System Spa
5. Toyota Industries
6. Icam S.R.L.
7. Autocrib
8. Constructor Group
9. Automha
10. Mecalux
11. Stanley Vidmar
12. Green Automated Solutions
13. Lista
14. Weland Lagersystem
15. Conveyor Handling Company
16. Vidmar
17. Modula Inc.
18. ICAM SRL
19. IMDb.com, Inc.
20. Gonvarri Material Handling
21. DMW&H
22. EffiMat Storage Technology A/S
Frequently Asked Questions:
1. What is the growth rate of Global Vertical Lift Module (VLM) Market?
Ans: The Global Vertical Lift Module (VLM) Market is growing at a CAGR of 9% during forecasting period 2024-2030.
2. What is scope of the Global Vertical Lift Module (VLM) market report?
Ans: Global Vertical Lift Module (VLM) Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
3. Who are the key players in Global Vertical Lift Module (VLM) market?
Ans: The important key players in the Global Vertical Lift Module (VLM) Market are – , Haenel, Ferretto, Kardex, System Spa, Toyota Industries, Icam S.R.L., Autocrib, Constructor Group, Automha, Mecalux, Stanley Vidmar, Green Automated Solutions, Lista, Weland Lagersystem, Conveyor Handling Company, Vidmar, Modula Inc., ICAM SRL, IMDb.com, Inc., Gonvarri Material Handling, DMW&H, and EffiMat Storage Technology A/S
4. What is the study period of this market?
Ans: The Global Vertical Lift Module (VLM) Market is studied from 2023 to 2030.