Vertical Lift Module (VLM) Market will reach 9.5 of CAGR by 2025 with Strategic Insights by Top Players – Hanel Storage Systems, Interlake Mecalux, Kardex Group, Sapient Automation, SencorpWhite

According to the new research report published by The Insight Partners, titled “Vertical Lift Module Market - Global Analysis and Forecast to 2025”, the global vertical lift module market is expected to reach US$ 1,667.6 Mn in 2025, registering a CAGR of 9.5% during the forecast period 2017 to 2025.

VLM systems also play important role in robotics; where they are used to guide the autonomous robots called as ‘self-navigating robots’. Various industries such as electronics, automotive, aerospace, food & beverage, pharmaceuticals and electronics are pretty concerned about reducing labor intensive processes, increasing accuracy and speed for the task of storage and then retrieval of their products whenever required. VLMs are highly flexible and can be relocated. Also, one of the major benefit delivered by VLMs is enhancing worker’s productivity and pick accuracy by around 200 to 400 percent.

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Some of the leading companies in the 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.

Key findings of the study:
• From a growth perspective India in Asia-Pacific region is anticipated to witness the most lucrative CAGR growth rate of 13.62% during the forecast period
• Automotive sector end-user industry is leading the market for VLM and is expected to witness a growth rate of 9.42% from 2017 - 2025

An exclusive Vertical Lift Module (VLM) Market research report created through broad primary research (inputs from industry experts, companies and stakeholders) and secondary research, the report aims to present the analysis of Global Vertical Lift Module (VLM) Market By Product Type, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Vertical Lift Module (VLM) Industry. Additionally, the report also highlights market entry strategies for various companies across the globe.

Aerospace is one of the most critical industry of the world where precision and timing is quite essential. Proper storage and timely management of stocks, parts and tools are some of the major challenges faced by the industry. Security is another factor that prevails heavily in the aerospace industry. VLM offers proper management of storage, security and retrieval of tools as well as parts, leading towards the generation of VLM products from the industry.

The vertical lift module market in India is expected to grow at a CAGR of 13.62% during the forecast period 2017 – 2025. India being a developing economy, many new companies are entering into the market with the need of cost-efficient manufacturing units. India being the home of cheap labor, foreign automotive and electronics manufacturers are setting up their manufacturing units. Furthermore government’s initiatives such as “Make in India” is also luring manufacturers around the world to set up their manufacturing units. The dense presence of various industries in the country will positively influence the market for Vertical Lift Modules market in India.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It also provides market size and forecast till 2025 for overall Vertical Lift Module (VLM) Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

GLOBAL VERTICAL LIFT MODULE – SEGMENTATION

Global Vertical Lift Module Market – By End-user
• Automotive
• Electronics
• Food & Beverage
• E-Commerce
• Aerospace
• Logistics
• Pharmaceuticals
• Retail
• Others ( agriculture, construction, oil & gas )

Global Automated Storage Retrieval Systems Market – By Type
• Unit Load ASRS
• Mini Load ASRS
• Carousals
• Vertical Lift Module (VLM)
• Others

Global Vertical Lift Module Market – By Geography

• North America
o U.S.
o Canada
o Mexico

• Europe
o France
o Germany
o Italy
o Spain
o U.K.
o East Europe

• Asia Pacific (APAC)
o Japan
o China
o India
o Australia

• Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o UAE

• South America (SAM)
o Brazil
o Argentina

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This release was published on openPR.