Global Vertical Lift Module Market is expected to grow owing to expansion of e-commerce and the shift in consumer preferences towards online shopping throughout the forecast period.
According to TechSci Research report, “Vertical Lift Module Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2019-2029”, the Global Vertical Lift Module Market is expected to register robust growth during the forecast period. One of the fundamental drivers of the Global VLM Market is the need for efficient space utilization in warehouses and distribution centers. Traditional storage methods often lead to wasted vertical space, limiting the overall capacity of a facility. VLMs address this challenge by maximizing vertical storage space. Their compact design and ability to store items densely allow businesses to make the most of available space, leading to increased storage capacity and better organization.
The continued growth of e-commerce worldwide presents a significant opportunity for the VLM market. As more businesses shift towards online retail, there is an increasing demand for automated storage and retrieval systems to optimize warehouse operations. VLMs play a crucial role in facilitating quick and accurate order fulfillment, making them a preferred solution for e-commerce fulfillment centers. The expansion of the e-commerce sector provides a substantial growth opportunity for VLM manufacturers.
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Based on delivery type, the Non-Refrigerated segment is expected to dominate the market during the forecast period. The non-refrigerated VLMs contribute to enhanced order picking efficiency. By automating the storage and retrieval process, these systems reduce the time required for workers to locate and pick items manually. This efficiency gain is particularly valuable in industries with high order volumes, such as e-commerce and retail, where quick and accurate order fulfillment is essential. The versatility of non-refrigerated VLMs allows them to cater to a broad spectrum of industries.
From storing automotive parts in manufacturing facilities to managing a diverse range of products in retail warehouses, these modules are adaptable to different business needs. This versatility contributes to their widespread adoption across various sectors. Non-refrigerated VLM manufacturers are increasingly focusing on providing customizable solutions to meet industry-specific requirements. This involves designing modules that can accommodate various product types, sizes, and weights. Customization allows businesses to tailor the VLM system to their unique operational needs, enhancing overall efficiency.
Based on end-user, the Automotive segment is projected to dominate the market throughout the forecast period. The automotive industry has increasingly embraced lean manufacturing principles to minimize waste and enhance efficiency. VLMs align with these principles by providing a just-in-time storage and retrieval system. This allows manufacturers to reduce excess inventory, minimize storage space requirements, and respond quickly to changes in demand, contributing to leaner and more agile manufacturing operations. Automotive VLM manufacturers are increasingly offering customizable solutions to meet the specific needs of the automotive industry.
This includes designing VLM systems that can accommodate the unique shapes, sizes, and weights of automotive parts. Customization enhances the adaptability of VLMs to diverse automotive storage requirements. In conclusion, the automotive segment of the Global Vertical Lift Module Market is driven by the need for efficient parts storage and order picking in the dynamic and complex automotive manufacturing environment. As Industry 4.0 technologies continue to evolve, and automotive businesses focus on lean and agile manufacturing, the adoption of VLMs in this segment is expected to grow, providing strategic advantages in terms of space optimization and operational efficiency.
Key market players in the Global Vertical Lift Module Market are:-
- Kardex Group
- Hänel GmbH & Co. KG
- Ferretto Group S.p.a
- AutoCrib, Inc.
- Modula Inc.
- Weland Lagersystem AB
- Schaefer Systems International Inc.
- Automha SPA
- Green Automated Solutions, Inc.
- Stanley Black & Decker, Inc.
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“The Global Vertical Lift Module Market in Europe is poised to be the dominant region in the industry. European industries, ranging from manufacturing to e-commerce and logistics, prioritize efficiency and space optimization in warehouse operations. The limited availability of space, especially in urban areas, makes VLMs an attractive solution. These systems maximize vertical storage space, allowing businesses to store a large number of SKUs in a compact footprint. The efficiency gains contribute to streamlined operations and improved overall productivity.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Vertical Lift Module Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Delivery Type (Single-Level and Dual-Level), By Storage Type (Non-Refrigerated and Refrigerated), By End-User (Automotive, Metals & Machinery, Food & Beverages, Chemicals and Others), By Region, and By Competition 2019-2029” has evaluated the future growth potential of Global Vertical Lift Module Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Vertical Lift Module Market.
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