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Vertical Lift Module Market Newer segments of application 2030
Transparency Market Research delivers key insights on the global vertical lift module market. In terms of value, the global vertical lift module market is estimated to expand at a CAGR of ~9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global vertical lift module market report.
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In the report, TMR predicts that the global vertical lift module market would be largely driven by increasing installation of automated storage & retrieval systems, evolution in e-Commerce & logistics industry, etc., which are expected to boost the market during the forecast period. According to the vertical lift module market report, the type segment has been divided into temperature controlled/refrigerated and non-refrigerated. In terms of configuration, the vertical lift module market has been divided into internal bay (single and dual) and external bay (single and dual).
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In terms of maximum load capacity, the vertical lift module market has been classified into below 20 ton, 20 ton to 40 ton, and above 40 ton. Based on end-use industry, the global vertical lift module market has been categorized into metals & machinery, automotive, food & beverages, electronics, logistics, healthcare, retail, and others. As per application, the global vertical lift module market has been segmented into wave picking, batch picking, consolidation, sorting, replenishment, and others.
The growth of healthcare, pharmaceuticals, and electrical/electronic industries is driving the demand for vertical lift modules. In recent years, rapid increase in the installation of vertical lift module systems in retail and food & beverages companies, and hospitals for picking and handling of products is projected to fuel the demand for vertical lift modules. The growing retail industry across the globe prompts an increase in installation of warehouses to better manage multiple locations and regions for efficient and optimized logistics.
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Vertical Lift Module Market: Prominent Regions
Asia Pacific was the dominant and fastest growing market for vertical lift modules in the year 2019. China, India, Japan, and Korea are major markets for vertical lift modules in Asia Pacific and are responsible for the growth of the vertical lift module market in the region in recent years. The significant demand for warehouse management coupled with increasing number of WMS providers in the region is expected to drive the growth of the vertical lift module market.
Vertical Lift Module Market: Key Players
Key players operating in the global vertical lift module market include Gonvarri Material Handling, EffiMat Storage Technology A/S, Ferretto Group S.p.a., Hรคnel Storage Systems, ICAM SRL, Kardex Remstar, AutoCrib, Inc., Modula S.p.A, SSI SCHAEFER Group, Weland Solutions AB, Vidir Solutions, Inc., and Automha S.p.A.
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๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ:
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Transparency Market Research Inc.
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