Global Vertical Lift Module Market to reach USD 2.4 billion by 2027.Global Vertical Lift Module Market is valued approximately at USD 1.28 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.3% over the forecast period 2021-2027. Vertical lift module refers to an enclosed system of vertically arranged racks with varying payload capacities. They are automated and operated on computerized commands for delivering goods or replenishing goods in an ergonomically positioned workstation depending on the user requirement. VLMs provide various advantages, including improved inventory turns, reduced operator accidents, and the potential to save up to 80% of wasted space. The vertical lift module market is driven by rising warehouse rentals and benefits of deploying VLM compared to traditional shelving systems. Another major driver of the market is the government's strict regulations aimed at improving worker safety. Employees must wear safety fall protection regardless of the fall distance, according to the updated standards of the Occupational Safety and Health Act. As a result, workplace safety, which deals with the prevention of any injury or incident, becomes more important, thus increasing the adoption of a vertical lift module (VLM). For instance, FM Logistic announced in March 2019 that they are constructing a multi-client logistics facility (MCF) in India, which will be operational by December 2020. This warehouse would have a 100,000-pallet storage capacity and would have a specialized room for co-packing and other value-added services. However, availability of used VLMs in the market may impede market growth over the forecast period of 2021-2027.

Geographically, Asia Pacific is dominating the market of vertical lift module market because of the existence of the world's largest industrial center and top exporter i.e. China. By 2025, China's automation is predicted to cut costs by 30%, and the country's manufacturing units are predicted to grow rapidly owing to the 'Made in China 2025' project. This factor propels the country's vertical lift module (VLM) market

Major market player included in this report are:

Toyota Industries
Ferretto
Constructor Group
Icam S.R.L.
Autocrib
Automha
Conveyor Handling Company
Green Automated Solutions
Weland Lagersystem
Mecalux




The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Delivery Type:
Single-Level Delivery
Dual-Level Delivery
By Storage type:
Non-Refrigerated Storage
Refrigerated Storage
By Industry:
Automotive
Metals & Machinery
Food & Beverages
Chemicals
Healthcare
Semiconductor & Electronics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Vertical Lift Module Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors