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Vertical Lift Module (VLM) Market by Storage Type (Temperature-Controlled refrigerator, Non-refrigerator), by Delivery Type (Single-level delivery, Dual-level delivery), by Loading Capacity (Up to 500 kg/tray, 500-700 kg/tray, Above 700 kg/tray), by End Use (Automotive, Food & Beverage, Retail and Logistics, Metals and machinery, Chemicals, Others), by Distribution Channel (Direct Sales, Indirect Sales), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Vertical Lift Module (VLM) Market was valued at USD 1.7 Billion in 2024 and is projected to reach USD 3.07 Billion by 2033, with an expected CAGR of 8.8% during the forecast period.The increasing necessity for business optimisation in terms of storage space utilization, increasing productivity levels, and more efficient overall efficiency in the inventory are major driving forces behind such impressive performance. It encourages companies to integrate automated storage into their businesses. Additionally, governments pushing for automation through different industries, together with continued advances in the field of VLM technology itself, have further expanded the scope for market growth. Includes control system advances, enhanced speed of retrieval, and better inter-communication with other warehouse management systems. Major players in the market are Auto Crib, Conveyor Handling Company, ELF Automation, Ferretto SpA, and Hanel Buro.
The Vertical Lift Module market is fragmented, with numerous players. The market is characterized by innovation, as companies are constantly developing new technologies to improve the efficiency and functionality of their VLM systems. Regulations play a role in the market, as companies must comply with safety and environmental standards. Substitutes for VLM systems include automated storage and retrieval systems (AS/RS) and horizontal carousels. End users are concentrated in the automotive, food and beverage, retail and logistics, and metals and machinery industries. There is a low level of mergers and acquisitions in the market.
Key market insights include the increasing demand for VLM systems in various industries, the growing adoption of automated and robotic VLM systems, and the focus on energy efficiency and sustainability in VLM designs. These trends are expected to drive market growth in the coming years.
The market report provides comprehensive coverage of the VLM market, including market size, growth drivers, challenges, and key trends. It also provides detailed information on the product landscape, competitive landscape, and regional insights. The report deliverables include a detailed analysis of the market, as well as a forecast of market size from 2024 to 2030.
The VLM market is estimated to reach USD 3.2 Billion by 2030. The market is growing due to the increasing demand for space optimization, increased productivity, and improved inventory management. The market is expected to face challenges from rising raw material costs and supply chain disruptions.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 8.8% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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