Vertical Lift Module (VLM) Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.7 Billion by 2030, growing at a CAGR of 8.4% from 2024 to 2030.
The Vertical Lift Module (VLM) market witnessed substantial growth in 2022, with a market size reaching approximately USD 1.5 billion. The sector experienced a compound annual growth rate (CAGR) of around 8.5% during this period. This growth is attributed to the increasing demand for automated storage solutions across various industries, including manufacturing, automotive, and healthcare. VLMs provide efficient space utilization and enhanced productivity, driving their adoption in warehouses and distribution centers. As the need for streamlined operations and improved inventory management continues to rise, the market for VLMs is poised for further expansion.
Opportunities within the VLM market are expanding as emerging markets present new avenues for growth. Regions such as Asia-Pacific and Latin America are witnessing increased investments in infrastructure and industrial automation, creating a favorable environment for VLM deployment. Additionally, advancements in VLM technology, such as integration with Internet of Things (IoT) and smart warehouse solutions, are expected to bolster market growth. These trends highlight a significant opportunity for stakeholders to capitalize on the evolving demand for advanced storage solutions in various global regions.
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Kardex Remstar
Modula
Hanel
SSI Schaefer
Ferretto Group
Mecalux
Vidmar
KSEC
Gonvarri Material Handling
Second Institute of CETGC
ICAM
Effimat Storage Technology
Weland Lagersystem
RunningSys Inc.
UN Industry
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vertical Lift Module (VLM) Market
Automotive
Industrial Manufacturing
Warehousing and Logistics
Aerospace
Based on Types the Market is categorized into Below types that held the largest Vertical Lift Module (VLM) market share In 2023.
Single Level Delivery
Dual Level Delivery
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vertical Lift Module (VLM) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vertical Lift Module (VLM) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vertical Lift Module (VLM) Market, By Type
6. Global Vertical Lift Module (VLM) Market, By Application
7. Global Vertical Lift Module (VLM) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vertical Lift Module (VLM) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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