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Vertical Lift Module (VLM) Market Trends, Regulations And Competitive Landscape Outlook to 2025
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Top Key Players in Market
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
Zecchetti s.r.l.
Major Vertical Lift Module (VLM) 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. 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.
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VLM is a type of Automated Storage and Retrieval System (AS/RS or ASRS), which comprises of various computer controlled systems for accurate picking and replacement of loads. The market for VLM is bifurcated on the basis of end-user, which includes automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, retail and others (construction, agriculture and oil & gas among others). On the basis of geography, the VLM market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).
The emergence of online shopping and e-commerce is resulting in bolstering the market growth for VLMs as well as the increasing adoption of automated solutions in manufacturing industries, particularly in developing economies is also resulting in increased demand for VLMs. Some of the global key players operating in the VLM market are Hanel Storage Systems, Interlake Mecalux, Kardex Group, Lauyans and Co., Sapient Automation, SencorpWhite, System Logistics, Schaefer Systems International, Effimat, Dexion, Modula, Weland Lagersystems AB, Ferretto Group Spa and ICAM SRL among others.
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