Vertical Lift Module (VLM) Market is expected to grow US$ 1667.6 million by 2025
Vertical Lift Module (VLM) market is expected to grow US$ 1667.6 million by 2025 from US$ 743.8 million in 2016. Automotive user segment expected to continue its dominance. The VLM market is facing intense competition and it is constantly increasing. Emergence of competitors globally and pricing pressures has created a pressure on the companies operating in the market to develop differentiate and innovative products along with cost-reduction. Thus, several companies are acquiring VLM business of other companies to expand their product-portfolio.
Some of the major players operating in the market are Hanel Storage Systems, Interlake Mecalux, Kardex Group, AutoCrib, Inc. (Lauyans & Co.), MDCI Automation (Sapient Automation), SencorpWhite, System Logistics Spa, SSI Schaefer Systems International, EffiMat Storage Technology A/S, Constructor Group AS (Kasten and Dexion), Weland Lagersystem AB, Modula S.p.A, Ferretto Group Spa, ICAM srl, and Zecchetti
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Currently, almost 18% of the VLM used by automotive end-user sector. VLM are used to store or retrieve automotive parts from the storage places. They store and retrieve a variety of totes, trays and parts. They efficiently handle small, medium, and large parts that include mufflers and pipes, gaskets and wiper blades etc. Furthermore, the modular nature of the storage system allows for easy scalability of the storage spaces. As and when needed, modules can be added or reduced depending upon the needs of the user. Such as system helps an operator to use the available space to the maximum for storage and thus achieve cost savings.
Major market initiatives were observed in the North American and European region as both of these regions are highly developed. Also, APAC region with developing economies such as China and India and other South Asian countries are demanding for better storage and retrieval systems due to their increasing e-commerce, logistics, and manufacturing sector. For this, companies are partnering with each other to enhance their sales and distribution network.
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Table of Contents
- Key Takeaways
- Vertical Lift Module (VLM) Market Landscape
- Market – Key Industry Dynamics
- Vertical Lift Module (VLM) Market Analysis- Global Analysis
- Vertical Lift Module (VLM) Market Revenue And Forecasts To 2025 – Type
- Market Revenue And Forecasts To 2025 – End-user
- Market Revenue And Forecasts To 2025 – Geographical Analysis
- Market Revenue And Forecasts To 2025 – Industry Landscape
- Competitive Landscape
- Vertical Lift Module (VLM) Market, Key Company Profiles
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