Vertical Lift Module Market Expansion Continues, with Forecast Valuation of $2.51 Billion by 2029

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Vertical Lift Module Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the vertical lift module has seen substantial growth over the past few years, expanding from $1.57 billion in 2024 to $1.71 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.9%. The considerable growth during the historic period can be ascribed to the high demand for automated storage solutions, the rise of e-commerce, emphasis on inventory management, labor shortages and cost pressures, efficacy in order selection, and environmental sustainability.

Vertical Lift Module Market Size Forecast: What's the Projected Valuation by 2029?
The market size of vertical lift modules is predicted to experience substantial expansion in the forthcoming years, projecting to reach $2.51 billion by 2029 with a compound annual growth rate (CAGR) of 10.0%. This advancement in the forecast period is largely due to factors such as the upsurge in urban warehousing, emphasis on customization and adaptability, progress in smart warehouse creation, utilization in a range of industries, improved safety features, and a concentration on ergonomics. Significant trends expected within the forecast period encompass the amalgamation with robotics and automated guided vehicles (AGVs), cloud-based systems, customization to suit diverse applications, incorporation of artificial intelligence (AI), and analytics of real-time data for optimizing performance.

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What Are the Drivers Transforming the Vertical Lift Module Market?
The vertical lift module market is expected to witness significant growth, powered by the surge in E-commerce and the adoption of omnichannel retail strategies. Omnichannel retail is a commerce approach where customers are reached through various physical and digital customer-interactive points. An increase in e-commerce and the requirement for quick order completion is boosting the demand for efficient retrieval and storage systems like vertical lift modules. These modules can tackle the needs of diversified stock-keeping units. For example, the Census Bureau, a chief agency of the Federal Statistical System in the U.S., reported that in Q3 of 2023, the country's retail e-commerce sales amounted to $271.7 billion, marking a 0.9% rise from Q2 2023. E-commerce estimates for Q3 2023 show a 7.8% increase in comparison to Q3 2022, while total retail sales during the same period saw a 2.0% increase. Furthermore, e-commerce sales in Q3 2023 accounted for 14.9% of total sales. Consequently, the surge in E-commerce and omnichannel retail is fueling the expansion of the vertical lift module market.

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Which Fast-Growing Trends Are Poised to Disrupt the Vertical Lift Module Market?
In the vertical lift module market, leading enterprises are honing in on the creation of inventive solutions like automated storage and retrieval systems to enhance warehouse operations via improved vertical space usage. Automated storage and retrieval systems, or ASRS, are computer-driven systems skillfully engineered to automatically store and retrieve items from pre-determined storage areas, thereby improving precision and effectiveness in managing inventory. Take for example, Greenspace Industrial, a Canada-based enterprise specializing in warehouse automation, unveiled Modula VLM in March 2024. The Vertical Lift Module, or VLM, is a revolutionary automated storage alternative that uses vertically stacked trays to make the most of the available space in warehouses by maximizing the use of ceiling height. It employs a goods-to-person approach, which automatically transports items to a comfortable picking height, enhancing productivity and reducing picking mistakes. The system is fully digitized, enabling quick access and restocking of inventory while reducing the physical labor needed by operators.

Which Segments in the Vertical Lift Module Market Offer the Most Profit Potential?
The vertical lift modulemarket 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

Subsegments:
1) By Non-Refrigerated: Standard Vertical Lift Modules, Custom Vertical Lift Modules
2) By Refrigerated: Refrigerated Vertical Lift Modules For Perishable Goods, Temperature-Controlled Vertical Lift Modules

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Which Firms Dominate the Vertical Lift Module Market by Market Share and Revenue in 2025?
Major companies operating in the vertical lift module market include 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, 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

Which Regions Offer the Highest Growth Potential in the Vertical Lift Module Market?
Europe was the largest region in the vertical lift module market in 2024. North America is expected to be the fastest-growing region in the global vertical lift module market during the forecast period. The regions covered in the vertical lift module market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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