According to a new market research study titled ‘Vertical Lift Module Market to 2025 – Global Analysis and Forecasts by End-user’, the global Vertical Lift Module market was valued at US$ 960 Mn in 2016 and is estimated to reach US$ 2,301 Mn by 2025. The report highlights the trends prevalent in the global Vertical Lift Module market and the factors driving the market along with those that act as deterrents to its growth.
Vertical Lift Module Market Players:
Hanel Storage Systems
Interlake Mecalux
Kardex Group
AutoCrib, Inc. (Lauyans & Co.)
MDCI Automation (Sapient Automation)
SencorpWhite
System Logistics Spa
SSI Schaefer Systems International
EffiMat Storage Technology A/S
Constructor Group AS (Kasten and Dexion)
Weland Lagersystem AB
Modula S.p.A
Ferretto Group Spa
ICAM srl
Zecchetti s.r.l.
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An ever increasing population is already creating pressures on the demand side of the supply chain for multiple product categories across industry verticals especially automotive, food & beverage, consumer goods and retail. In order to be efficient and upbeat with timely customer service, there needs to be a perfectly balanced supply chain system; a system that could back the ever increasing pressure on the demand side. Supply chain is one of the key source of competitive advantage for companies that drive growth in their businesses. Supply chain systems have gained wider and vital importance in the last few years, as a result of high competition in the product based market. A strong supply chain ensures proper balance between the supply and demand of the product in the market. Thus, many industry verticals are ensuring a strong supply chain for reaching out to their customers. VLM supports the operational flow of the supply chain at the initial stage. Vertical lift modules are applied in slow and medium moving order fulfillment and inventory management applications, ensuring increase in efficiencies. Thus, rising demands for efficient supply chain implementations, is driving the implementations of VLM storage and retrieval systems.
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VLM is a type of Automated Storage and Retrieval System (AS/RS or ASRS), which comprises of various computer controlled systems for accurate picking and replacement of loads. The market for VLM is bifurcated on the basis of end-user, which includes automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, retail and others (construction, agriculture and oil & gas among others). On the basis of geography, the VLM market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The emergence of online shopping and e-commerce is resulting in bolstering the market growth for VLMs as well as the increasing adoption of automated solutions in manufacturing industries, particularly in developing economies is also resulting in increased demand for VLMs. Some of the global key players operating in the VLM market are 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 and ICAM SRL among others.
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The report segments the global Vertical Lift Module market as follows:
Global Vertical Lift Module Market – By End-user
Automotive
Electronics
Food & Beverage
E-Commerce
Aerospace
Logistics
Pharmaceutical
Retail
Others (Agriculture, Oil & Gas, Construction etc.)
Global Vertical Lift Module Market – By Geography
North America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
U.K.
Asia Pacific (APAC)
Japan
China
India
Australia
Middle East & Africa (MEA)
Saudi Arabia
South Africa
U.A.E.
South America (SAM)
Brazil
Complete Report is Available at http://www.theinsightpartners.com/reports/vertical-lift-module-vlm-market
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