openPR Logo
Press release

Vertical Lift Module Market 2022 Analysis, Trends and Opportunities forecast year 2026

Consistently accounting for a considerably large value share in the global material handling equipment industry in terms of sales volume, vertical lift module is witnessing visible traction over the past few years - attributed to the potential to address the space-saving challenge. With a profound revenue share, vertical lift module equipment demand will continue to foster in automotive and machinery tool equipment sectors.

The predominant factor driving the demand for vertical lift module (VLM) is rampant development of the large-scale industrial sector in rapidly thriving economies such as South East Asia Pacific including China and India, and Middle East & Africa. On the other side, development of the commercial sector and strengthening of the infrastructural sector will continue to remain at the forefront in the key global economies - North America and Western Europe. This is identified to be another major factor fueling the demand for VLM globally.

Request For Free Sample Report@https://www.persistencemarketresearch.com/samples/15937

In a recently conducted study on the global market for vertical lift module, Persistence Market Research indicates that the global VLM market will represent a healthy CAGR of 7.7% over an eight-year projection period 2018-2026, reaching the value in excess of US$ 1.5 Bn by the end of forecast period. In terms of delivery, single level delivery has been estimated to account for maximum value share in the VLM market, witnessing the highest demand expected from automotive and machinery & heavy equipment end use sectors.

Industry Inclination towards Automation to Spur VLM Demand

Being an important component of the ASRS, i.e. automated storage/retrieval systems, vertical lift module will continue to register robust demand following the growth of ASRS section over the forecast period. Industries such as transportation, logistics, and distribution are also slated to continue fueling the sales of vertical lift module market. In addition, retail, FMCG, chemical, pharmaceutical industries will continue to strongly support the VLM demand over the assessment period. Moreover, the escalating demand for warehouse space also will translate to high traction for vertical lift module in next few years.

Request For Report Customization@https://www.persistencemarketresearch.com/request-customization/15937

Increasing preference for automated vertical storage systems by automotive manufacturers and dealership departments to overcome the storage space challenge will encourage vertical lift module sales in the near future. Growing demand for safe and secure inventory especially in pharma and medical sectors, will also provide an impetus to VLM equipment that supports a lean inventory and logistics model to operate across the industry.

APAC Set to Take over Europe and North America in Terms of Pace; European Markets to Witness Dwindling Production

While North American market for vertical lift module is anticipated to remain a major revenue shareholder in the VLM market throughout the assessment period, Asia Pacific will possibly witness significant expansion at a relatively higher CAGR over 2018-2026. However, PMR believes that the growth of European market for vertical lift module will remain relatively poor - even below the CAGR of 4% during 2018-2026 - prominently attributed to the cyclical fluctuations in core European markets for VLM.

Growth of the vertical lift module market in Asia Pacific is owing to the escalating demand for automation in rapidly developing countries such as China, Japan, Malaysia, South Korea, Taiwan, and Indonesia. Increasing automation will generate higher demand for more stringent regulatory measures targeting employee safety, towering labor costs, and the incessant need for improved accuracy with better control on processes - triggering the demand for VLM. OSHA (Occupational Safety and Health Administration) has recently announced to have a set of standards specifically for automated handling systems - to assure employee safeguarding at workplaces. This has been spotted as a significant factor pushing the demand for vertical lift module in the upcoming years.

APAC's manufacturing industry continues to pose stiff competition to already automated industries in North American and European regions. To be able to gain a competitive advantage over other regional players, VLM market participants in APAC are presumed to focus on complete adoption of automated processes - slashing down the gross operational costs and improve overall efficiency. As depicted in the vertical lift module report presented by PMR, the estimated VLM market value for APAC holds a strong promise to outweigh the collective revenue of North America and Europe over the next few years.

For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/15937

According to PMR's research experts, European countries will continue to face the cyclic variability resulted as the consequence of general risks associated with global economic developments. Moreover, country-specific debt problems and persistent geopolitical uncertainties are likely to influence the region's economic stability. Furthermore, sector-specific risks are expected to straightaway impact the VLM market volume in the near future. Also, as the GDP has been continuously on a lower side over the recent past, the production of vertical lifts will also possibly continue to witness contraction over the forecast period. Low replacement rates are observed to be a major concern for key market players throughout the forecast period.

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vertical Lift Module Market 2022 Analysis, Trends and Opportunities forecast year 2026 here

News-ID: 2699590 • Views:

More Releases from Persistence Market Research

North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
North America Wiring Devices Market Projected to Reach USD 26.46 Billion by 2031
Overview of the North America Wiring Devices Market The North America wiring devices market is poised for steady growth over the forecast period, with its size estimated at US$ 18.96 billion in 2024, projected to reach US$ 26.46 billion by 2031, reflecting a CAGR of 4.9%. The market is witnessing substantial expansion due to increasing urbanization, a rising number of residential and commercial construction projects, and the adoption of energy-efficient and
Global Forged Automotive Components Market Poised for Steady Growth, Projected to Reach US$ 70.7 Billion by 2032
Global Forged Automotive Components Market Poised for Steady Growth, Projected t …
The global forged automotive components market is on a robust growth trajectory, currently valued at approximately US$ 50.3 billion in 2025 and forecasted to expand to US$ 70.7 billion by the end of 2032. This growth represents a compound annual growth rate (CAGR) of 5.0% over the coming decade, driven by increasing automotive production, technological advancements, and evolving consumer preferences toward durable, high-performance vehicle parts. Forged automotive components are critical to
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ 2.14 Billion by 2032, Reports Persistence Market Research
Global Electric Cargo Bike Market Set to Accelerate at 11.9% CAGR, Reaching US$ …
The global electric cargo bike market is set to experience substantial growth over the coming decade, with Persistence Market Research (PMR) forecasting a compound annual growth rate (CAGR) of 11.9% from 2023 through 2032. Valued at approximately US$ 800 million in 2021, the market is expected to surge to a projected valuation of US$ 2.14 billion by the end of 2032. Notably, electric cargo bikes accounted for 66.2% of the
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Driven by Urbanization and Demographic Trends
Bicycle Bearings Market Set for Steady Growth with 6.5% CAGR Through 2032, Drive …
The global bicycle bearings market is poised for significant expansion over the forecast period of 2025 to 2032, according to the latest report released by Persistence Market Research. Valued at approximately US$ 5.99 billion in 2024, the market is projected to reach US$ 6.35 billion by 2025 and further escalate to nearly US$ 9.86 billion by 2032. This growth trajectory reflects a compound annual growth rate (CAGR) of 6.5%, underscoring

All 5 Releases


More Releases for VLM

Vertical Lift Module (VLM) Market to Witness Robust Expansion by 2023
A vertical lift module (VLM) is an enclosed system that consists of two columns of trays with an inserter/extractor in the center. The VLM inserter/extractor automatically locates stored trays and retrieves trays from both the front and back of the unit with a push of a button and delivers them to the operator at an ergonomically positioned pick window. LPI (LP Information)' newest research report, the "Vertical Lift Module (VLM) Industry
Global Vertical Lift Module (VLM) Market - Forecasts to 2026
According to a new market research report published by Global Market Estimates, the Global Vertical Lift Module (VLM) Market will expand at a CAGR of 8.52% to reach USD 2.11 billion by 2026. The increasing adoption of vertical lift modules in industries such as aviation, healthcare, and automotive among others, increasing warehouse rentals, increasing focus on automated storage solutions and the rising usage of height sensors in new vertical lift
Vertical Lift Module (VLM) Market Size, Share, Development by 2024
Market Research Report Store offers a latest published report on Vertical Lift Module (VLM) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. According to this study, over the next five years the Vertical Lift Module (VLM) market will register a 7.9% CAGR in terms of revenue, the global market size will reach US$ 474.1 million by 2024, from US$ 350.2
Global Vertical Lift Module (VLM) Market Size, Share, Growth Segmentation - 2025
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. In 2016, Europe accounted for the largest revenue share of nearly one-third of the total market share, followed by North America
Global Nitrogen Evaporators Market Forecast 2018-2025 Glas-Col,Biotechnology,VLM …
Market study on Global Nitrogen Evaporators 2018 Research Report presents a professional and complete analysis of Global Nitrogen Evaporators Market on the current market situation. Report provides a general overview of the Nitrogen Evaporators industry 2018 including definitions, classifications, Nitrogen Evaporators market analysis, a wide range of applications and Nitrogen Evaporators industry chain structure. The 2018's report on Nitrogen Evaporators industry offers the global Nitrogen Evaporators development history, development trends
Global Dry Block Heaters Market 2018 - VLM GmbH, Corning Life Sciences, IKA
Apex Market Research, recently published a detailed market research study focused on the "Dry Block Heaters Market" across the global, regional and country level. The report provides 360° analysis of "Dry Block Heaters Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Dry Block Heaters industry, and estimates the future trend of