The global Vertical Lift Module (VLM) market was valued at US$ 321 million in 2020 and it is expected to reach US$ 536.6 million by the end of 2027, growing at a CAGR of 7.3% during 2021-2027.
A vertical lift module (VLM) is an enclosed system that consists of two columns of trays with an inserter/extractor in the center. The VLM inserter/extractor automatically locates stored trays and retrieves trays from both the front and back of the unit with a push of a button and delivers them to the operator at an ergonomically positioned pick window.
In VLM market, Kardex, Modula, Hanel, and SSI Schaefer are the crucial players, who dominate over 50 percent of the market share in sales, and they all located in Europe region. Europe has more than 35 percent of the market share in sales. Single level delivery products dominate almost 65 percent of the market share by the product type in sales.
Global Vertical Lift Module (VLM) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Vertical Lift Module (VLM) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Kardex, Modula, Hanel, SSI Schaefer, Ferretto Group, Mecalux, Vidmar, Ksec, Gonvarri Material Handling, Second Institute of CETGC, Icam, Effimat Storage Technology, Weland Lagersystem, RunningSys Inc., UN Industry and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Single Level Delivery
- Dual Level Delivery
Segment by Application
- Industrial Manufacturing
- Warehousing and Logistics
- Others (Military, Office)
Table of Content:
1 Vertical Lift Module (VLM) Market Overview
2 Vertical Lift Module (VLM) Market Competition by Manufacturers
3 Vertical Lift Module (VLM) Retrospective Market Scenario by Region
4 Global Vertical Lift Module (VLM) Historic Market Analysis by Type
5 Global Vertical Lift Module (VLM) Historic Market Analysis by Application
6 Key Companies Profiled
7 Vertical Lift Module (VLM) Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Vertical Lift Module (VLM) Market Dynamics
10 Global Vertical Lift Module (VLM) Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.