Vertical Lift Module (VLM) Market Analysis Focusing on Key Players Like Hanel Storage Systems, Interlake Mecalux, Kardex Group, AutoCrib, Inc. (Lauyans & Co.), MDCI Automation (Sapient Automation), SencorpWhite, System Logistics Spa, SSI Schaefer Systems

Vertical Lift Module (VLM) Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and the market recent progressions. The Vertical Lift Module (VLM) Market report is prepared after fundamental levels of research regarding the Vertical Lift Module Industry.

Awareness about benefits derived from a strategically managed supply chain is driving vertical lift module implementations resulting in the growth of market at CAGR of 9.5%.

According to a new market research study titled 'Vertical Lift Module Market to 2025 - Global Analysis and Forecasts by End-user', the global Vertical Lift Module market was valued at US$ 743.8 Mn in 2016 and is estimated to reach US$ 1667.6 Mn by 2025. The report highlights the trends prevalent in the global Vertical Lift Module market and the factors driving the market along with those that act as deterrents to its growth.

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Leading Players:

- Hanel Storage Systems
- Interlake Mecalux
- Kardex Group
- AutoCrib, Inc. (Lauyans & Co.)
- MDCI Automation (Sapient Automation)
- SencorpWhite
- System Logistics Spa
- SSI Schaefer Systems International

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.

Automotive user segment expected to continue its dominance. 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.

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The report segments the global Vertical Lift Module market as follows:

Global Vertical Lift Module Market - By End-user

- Automotive
- Electronics
- Food & Beverage
- E-Commerce
- Aerospace
- Logistics
- Pharmaceutical
- Retail
- Others (Agriculture, Oil & Gas, Construction etc.)

Global Vertical Lift Module Market - By Geography

North America
- U.S.
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- U.K.
- East Europe

Asia Pacific (APAC)
- Japan
- China
India
Australia

Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- U.A.E.

South America (SAM)
- Brazil
- Argentina

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This release was published on openPR.