The Vertical Lift Module Global Market Report 2023, provides comprehensive information on the vertical lift module market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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As per The Business Research Company’s Vertical Lift Module Global Market Report 2023, the market size is expected to grow from $1.28 billion in 2022 to $1.42 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vertical lift module market size is expected to reach $2.11 billion in 2027 at a CAGR of 10.3%.
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Technological advancements are a key trend gaining popularity in the vertical lift module market. Major companies operating in the vertical lift module market are launching improved systems using automated vertical storage technology to sustain their position in the market. For instance, in February 2022, Randex Ltd., a UK-based distributor company specializing in providing office industrial retrieval office systems, launched Compact, a vertical storage lift that can support a wide variety of inventory management and stock handling processes in various types of organizations. It is built using benchmark automated vertical storage technology. By handling two load trays in one sequence, one tray is ready for picking and the other is waiting, it saves time. It also saves 90% of the floor space compared to standard shelving and pallet racking.
The vertical lift module market is segmented:
1) By Type: Non-Refrigerated, Refrigerated
2) By Maximum Load Capacity: Below 20 Tons, 20 Tons To 40 Tons, Above 40 Tons
3) By Configuration: Internal Bay (Single And Dual), External Bay (Single And Dual)
4) By Industry: Automotive, Metals And Machinery, Food And Beverages, Chemicals, Healthcare, Semiconductor And Electronics, Aviation, E-Commerce, Other Industries
Europe was the largest region in the vertical lift module market in 2022.
The table of contents in TBRC’s vertical lift module market report includes:
1. Executive Summary
2. Vertical Lift Module Market Characteristics
3. Vertical Lift Module Market Trends And Strategies
4. Vertical Lift Module Market – Macro Economic Scenario
5. Vertical Lift Module Market Size And Growth
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26. Africa Vertical Lift Module Market
27. Vertical Lift Module Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vertical Lift Module Market
29. Vertical Lift Module Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Kardex
- Hänel Storage Systems
- Ferretto Group SpA
- Modula Group
- AutoCrib
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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