Press release
Vertical Lift Module Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | The Business Research Company
Vertical Lift Module Global Market
The Business Research Company offers in-depth market insights through Vertical Lift Module Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The vertical lift module market size has grown rapidly in recent years. It will grow from $1.42 billion in 2023 to $1.58 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The growth in the historic period can be attributed to demand for automated storage solutions, e-commerce growth, focus on inventory management, labor shortages and cost pressures, efficiency in order picking, environmental sustainability.
The vertical lift module market size is expected to see rapid growth in the next few years. It will grow to $2.33 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rise in urban warehousing, focus on customization and flexibility, development of smarter warehouses, adoption in various industries, enhanced safety features, focus on ergonomics. Major trends in the forecast period include integration with robotics and agvs, cloud-based solutions, customization for varied applications, incorporation of artificial intelligence (ai), real-time data analytics for performance optimization.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=10273&type=smp
Market Segmentation:
The vertical lift module market covered in this report is segmented -
1) By Type: Non-Refrigerated, Refrigerated
2) By Maximum Load Capacity: Below 20 Tons, 20 Tons To 40 Tons, Above 40 Tons
3) By Configuration: Internal Bay (Single And Dual), External Bay (Single And Dual)
4) By Industry: Automotive, Metals And Machinery, Food And Beverages, Chemicals, Healthcare, Semiconductor And Electronics, Aviation, E-Commerce, Other Industries
Major Driver - Revolutionizing Warehousing With Vertical Lift Modules (VLMS) Amid The E-Commerce Surge
A rise in E-commerce and omnichannel retail is expected to propel the growth of the vertical lift module market going forward. Omnichannel retail is a strategy in which retailers engage customers through multiple digital and physical touchpoints. The growth of e-commerce and the need for rapid order fulfilment drive the demand for efficient storage and retrieval systems like vertical lift modules that can handle diverse stock-keeping unit requirements. For instance, according to the Census Bureau, a US-based principal agency of the Federal Statistical System, in the third quarter of 2023, U.S. retail e-commerce sales totalled $271.7 billion, which is an increase of 0.9% from the second quarter of 2023. The third quarter of 2023 e-commerce estimate increased by 7.8% compared to the third quarter of 2022, while total retail sales increased by 2.0% in the same period. E-commerce sales in the third quarter of 2023 accounted for 14.9% of total sales. Therefore, a rise in E-commerce and omnichannel retail is driving the growth of the vertical lift module market.
Competitive Landscape:
Major companies operating in the vertical lift module market report are Kardex Group AG, Hänel Storage Systems GmbH, Ferretto Group SpA, Modula Group S.p.A., AutoCrib Inc., Automha S.p.A., Mecalux S.A., Vidmar Inc., ICAM S.r.l., Green Automations LLC, Lista AG, Conveyor Handling Company, Toyota Industries Corporation, EFFIMAT, System Ceramics SpA, Weland Lagersystem AB, Stanley Black & Decker Storage Solutions, Rabatex Industries Pvt. Ltd., System Logistics India Private Limited, Schaefer Systems International Pvt. Ltd., Constructor Group AS, DMW&H, Daifuku Co. Ltd., Bastian Solutions, A-Plus Automation & Robotics, Carton Handling Systems Inc., Epicor Software Corporation, Feralloy Corporation, Interlake Mecalux, SSI Schaefer
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/vertical-lift-module-global-market-report
Top Trend - Quickline Ltd.'s Vertimag Vlm - Maximizing Space And Streamlining Workflow
Major companies operating in the vertical lift module market are developing innovative products such as Vertimag Vertical Lift Module (VLM) to maximize capacity, enhance safety, and boost workflow in warehouses and distribution centers. Vertimag is a space-saving solution that allows for the storage and management of materials of various shapes, weights, and sizes while decreasing the footprint by up to 1/10 compared to traditional storage systems. For instance, in February 2021, Quickline Ltd., a UK-based supply chain and storage company launched Vertimag Vertical Lift Module (VLM), a next-generation vertical storage system that aims to elevate efficiency, enhance safety, and boost workflow in warehouse operations. It is an enclosed system of vertically arranged trays stored in both the front and rear of the system with an extractor device operating in the center.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Vertical Lift Module Market Characteristics
3. Vertical Lift Module Market Trends And Strategies
4. Vertical Lift Module Market - Macro Economic Scenario
5. Vertical Lift Module Market Size And Growth
…..
27. Vertical Lift Module Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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 Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | The Business Research Company here
News-ID: 3409913 • Views: …
More Releases from The Business research company
Leading Companies Reinforcing Their Presence in the Silica Mineral Supplements M …
The silica mineral supplements market is gaining notable traction as consumers increasingly prioritize health and wellness. With rising interest in preventive care and new technological advancements, this sector is set for significant expansion. Let's explore the market's size, key drivers, leading companies, emerging trends, and the main segments shaping its future.
Market Size and Growth Outlook for the Silica Mineral Supplements Market
The silica mineral supplements market is projected to experience robust…
Global Trends Overview: The Fast-Paced Evolution of the Seed Protein Supplements …
The seed protein supplements market is gaining significant traction as consumers increasingly seek plant-based nutrition options. With evolving dietary preferences and technological advancements, this sector is poised for remarkable growth through the end of the decade. Below, we explore the market's size, key players, driving factors, trends, and segmentation to understand its future potential.
Projected Expansion of the Seed Protein Supplements Market Size Through 2029
The seed protein supplements market is set…
Market Structure, Emerging Trends, and Key Player Analysis in the Robotic Weldin …
The robotic welding fume extraction system market is rapidly evolving as industries prioritize safer and cleaner working environments. With the increasing use of robotic welding technologies and a focus on sustainable manufacturing, this sector is poised for significant growth. The following overview highlights the market's value projections, key players, prevailing trends, and segmentation details shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Robotic Welding Fume Extraction System…
Major Industry Participants Reinforcing Their Presence in the Robotic Biobanking …
The robotic biobanking systems sector is experiencing swift advancements, driven by growing needs in precision medicine and large-scale research initiatives. As automation becomes increasingly integral to laboratory operations, this market is set to expand significantly, offering promising opportunities and innovations in the years ahead. Let's explore the market size projections, key players, emerging trends, and segmentation details shaping this dynamic industry.
Expected Growth in the Robotic Biobanking Systems Market by 2029
The…
More Releases for Vertical
Vertical Farming Market Report 2024 - Vertical Farming Market Demand, Innovation …
"The Business Research Company recently released a comprehensive report on the Global Vertical Farming Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Vertical Lift Module Market Report 2024 - Vertical Lift Module Market Growth, Si …
"The Business Research Company recently released a comprehensive report on the Global Vertical Lift Module Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The vertical lift module…
Vertical Clean Steam Generators Market Vertical Designs Revolutionizing Clean St …
Global Vertical Clean Steam Generators Market Overview:
The Vertical Clean Steam Generators market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Vertical Clean Steam Generators market has experienced significant growth, driven by factors such as increasing consumer demand, technological advancements, and…
Vertical Application Software Market To See Huge Growth and Size by 2028, Applic …
The Latest "Vertical Application Software Market" report provides a valuable set of very comprehensive and detailed information on the global Vertical Application Software market. This data helps both existing industrial manufacturers and emerging competitors to gain their market knowledge. The Vertical Application Software market also studied the revenue share, SWOT analysis, development status, capacity, and forecast details. The main objective of this report is to help the user understand the…
Demand of Vertical Farming Crops Market| Vertical farming refers to a type of in …
An informative data report titled Vertical Farming Crops Market was published by the insight partner. It takes a closer look at the different aspects of the businesses, that are responsible for fuelling the growth of the companies. The research report also provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment.
Due to the increased focus on health…
VERTICAL FARMING BUSINESS
Farming in urban areas has become quite difficult due to the rising population, limited space, a fast pace of living, etc. which are driving the new technologies for cultivating the agricultural produce. Vertical Farming is one of the modern and advanced technologies which helps in growing more food in smaller spaces, offering an opportunity for growing fruits and vegetables in a controlled environment in metropolitan areas.
Vertically grown crops require minimum…
