Global Vertical Lift Module Market Expected to Rise at CAGR of 7.58% as Storing Spaces Reduce

Author: QYResearch  |   Published Date: 2019-08-16   |   Views: 177

QY Research recently published a report, titled,” Global Vertical Lift Module (VLM) Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application”. This report has an in deep analysis on the global vertical lift module market. The report studies different areas of the market such as market size, drivers and trends, geographic outlook, major players in the industry and competitive outlook in the market. This report will give its reader a comprehensive understanding about the current vertical lift module market and its future.

The global vertical lift module (VLM) market size grew from US$268.81 mn in 2014 to US$358.15 mn in 2018. The VLM market is expected to reach US$595.86 mn by 2025, rising CAGR of 7.58% between 2019 and 2025.

Global Vertical Lift Module (VLM) Market: Drivers and Trends

The fast growing sector of e-commerce is driving the need for better logistics. Vertical lift modules offer different payload capabilities, which are ergonomically customized as per user’s requirements by computerized operation or automation. In order to stay ahead, logistics players are in need of workplaces which can provide facilities that save time and increase productivity. VLM provides storage facilities which can be operated with minimum manual efforts, thus ensuring efficiency in warehouse operations. It helps with better space utilization, inventory control, eliminates operator injuries, increases picking rate and productivity, efficient material handling, and reduces scope for errors. Thus, industries such as aviation, automotive, and heavy machinery are expected to adopt these efficient systems for handling and storage purposes.

The logistic companies serving the e-commerce industry are expected to witness growth. Exponential rise of the automotive, pharmaceutical, retail, electronics, food & beverages sectors are expected to spike the demand for VLMs as storage demand increase.

Global Vertical Lift Module (VLM) Market: Geographic Outlook

VLM market in Europe has flourished in countries such as Germany, the UK, France, Spain, and Sweden due to industrial growth and a strong automotive sector. Asia Pacific is expected to grow with the rise in industrialization as well. Other regions like North America, South America, Middle East and Africa are also studied in the report.

Global Vertical Lift Module (VLM) Market: Segment Analysis

The market is segmented into product type and end user/application. The product type segment includes single level delivery and dual level delivery. The end user/application segment includes automotive, industrial manufacturing, warehousing and logistics, aerospace, and others.

Global Vertical Lift Module (VLM) Market: Key Players

The major players in the market are Kardex Remstar, Modula, Hanel, SSI Schaefer, Ferretto Group, Mecalux, Vidmar, KSEC, Gonvarri Material Handling, Second Institute of CETGC, ICAM, Effimat Storage Technology, Weland Lagersystem, RunningSys Inc., and UN Industry among others.

Global Vertical Lift Module (VLM) Market: Competitive landscape

The global vertical lift module market is growing and to keep their positions in the market, manufacturers are developing strategies such as product development, mergers and acquisitions, innovative technologies, and joint ventures. Players are increasingly offering simple storage needs to the more complex warehouse that can be customized to fit business needs. The report will provide an in-depth understanding of the market and the outlook of major manufacturers.

Full Report Overview@ https://www.qyresearch.com/index/detail/1166879/global-vertical-lift-module-vlm-market

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