Global Vertical Lift Module Market, By Delivery Type (Single-Level Delivery and Dual-Level Delivery), Storage Type (Non-Refrigerated Storage and Refrigerated Storage), Industry (Automotive, Metals and Machinery, Food and Beverages, Chemicals, Healthcare, Semiconductor and Electronics, Aviation, E-Commerce and Other Industries), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel and Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Vertical Lift Module Market
Growing demand form the automotive and transportation industry especially in the emerging ones, rising up gradation of existing infrastructure with advanced systems, stringent regulations imposed by the government pertaining to the safety of the workers and increasing infrastructural development activities especially in the developing economies are the major factors attributable to the growth of vertical lift module market. Data Bridge Market Research analyses that the vertical lift module market will exhibit a CAGR of 10.05% for the forecast period of 2022-2029. Therefore, the vertical lift module market value would rocket up to USD 2.90 billion by 2029.
Vertical lift module is an automated storage and retrieval system that involves the application of inserters and extractors. Vertical lift modules are inventory management and handling systems and are equipped with all the basic and necessary internal controls. Vertical lift modules are available in a wide range of sizes (width and height). Vertical lift modules are efficient space management systems and save up to 85% floor space when compared to standard shelving.
Rising globalization and growth in the focus towards development in manufacturing design and necessity to accomplish production efficacy will emerge as the major vertical lift module market growth driving factors. Growing need to optimize warehouse floor space effectively and efficiently, surging demand from food and beverages industry, increasing awareness about the benefits of deploying vertical lift modules compared to traditional shelving systems especially in the developing economies, and widespread industrialization will further aggravate the vertical lift module market value. Growing expenditure to undertake research and development proficiencies, surging preference of vertical lift modules by the manufacturing industries, increasing demand for customized solutions and integration of robots and growing demand for optimum resource utilization will further carve the way for the growth of the vertical lift module market.
However, high costs associated with the research and development proficiencies will act as a growth restraint for the vertical lift module market. Lack of skilled expertise and easy availability of used or second hand vertical lift modules will further dampen the growth rate of the vertical lift module market. Large scale technological limitations in the underdeveloped economies will further challenge the vertical lift module market growth rate.
This vertical lift module market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on vertical lift module market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vertical Lift Module Market Scope and Market Size
The vertical lift module market is segmented on the basis of delivery type, storage type and industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of delivery type, the vertical lift module market is segmented into single-level delivery and dual-level delivery.
- Based on storage type, the vertical lift module market is segmented into non-refrigerated storage and refrigerated storage.
- The vertical lift module market is also segmented on the basis of industry into automotive, metals and machinery, food and beverages, chemicals, healthcare, semiconductor and electronics, aviation, e-commerce and other industries.
Vertical Lift Module Market Country Level Analysis
The vertical lift module market is analysed and market size, volume information is provided by country, delivery type, storage type and industry as referenced above.
The countries covered in the vertical lift module market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominates the vertical lift module market and will continue to flourish its trend of dominance during the forecast period owing to the strong presence of major manufacturers in this region and rising technical advancements, coupled with the expanding ecommerce, retail, and logistics sectors. Asia-Pacific region is projected to undergo substantial gains and score the highest CAGR for this period. This is because of the growth and expansion of various end user verticals in this region, developing manufacturing industries, and rising government investments in the favour of this market.
The country section of the vertical lift module market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vertical Lift Module Market Share Analysis
The vertical lift module market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vertical lift module market.
Some of the major players operating in the vertical lift module market are Mecalux, S.A., Conveyor Handling Company, Vidmar, Green Automated Solutions, Inc., LISTA, Weland Lagersystem AB, Modula GROUP., Automha Kardex, ICAM S.r.l., SYSTEM CERAMICS S.P.A, Gonvarri Material Handling, TOYOTA INDUSTRIES CORPORATION., AutoCrib, DMW&H, EFFIMAT, Ferretto Group S.p.a., SencorpWhite, Inc., Kardex, Modula SpA and Zecchetti s.r.l., among others.
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