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Vertical Lift Module Market 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, Aviation, E-Commerce, Other Industries) - Growth, Future Prospects, And Competitive Analysis, 2016 -2028

About this report

The Vertical Lift Module market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Vertical Lift Module market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the Vertical Lift Module market industry and how economic and non-economic barriers are helping the Vertical Lift Module market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

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Key Highlights of the report

How are the major segments performing in the Vertical Lift Module Market?

In 2021, the Single-Level Delivery segment dominated the vertical lift module due to the increasing demand for the fastest storage and inflow of heterogeneous goods. 

In 2021, Non-Refrigerator Storage will be the leading segment of the Vertical Lift Module market owing to the raw materials used are not susceptible to changing temperatures. 

In 2021, the automotive segment dominated the vertical lift module market due to the industry offering new technology-based products and excellent product delivery and quality. These factors are contributing to the automotive segment's expansion during the forecast period. 

Which Region dominated the Vertical Lift Module Market?

North America dominated with the highest market share in the global vertical lift module market in 2021 due to the presence of majorly manufacturing in the North American region and increasing technological advancement with expanding e-commerce and retail sectors. In North America, the rise of the Vertical Lift Module market is likely to be aided by increasing pharmaceuticals and electrical industries of the Vertical Lift Module market. The advancement in technology in the United States gives a growth opportunity to this sector and the largest market for Vertical Lift Module in North America. Furthermore, the automotive, Food & Beverages, retail sectors and other industries are predicted to increase the Vertical Lift Module market in this Region.

What is the competitive environment of the Vertical Lift Module Market?

The competitive environment of the vertical lift module industry provides information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the vertical lift module market share globally, the business organisation overview, the introduction of new products, and the vertical lift module market opportunities. For instance, in May 2020, Kardex purchased a majority stake in the Dutch company Robomotive, and together with Robomotive, it will expand its offering with fully integrated, automated picking solutions. The company will use Robomotive's technology to expand intralogistics, full-case automatic order picking, and distribution and production logistics. Similarly, in July 2020, Modula SpA purchased a 60% share in MB S.r.l., an Italian firm. MB S.r.l. has long been a supplier of materials for Modula's storage system components. The acquisition is expected to boost Modula's competitiveness, efficiency, and manufacturing speed and demonstrate financial stability and company continuity.

Executive Summary

What are all technical developments being developed in the Vertical Lift Module Market?

Technical development for the vertical lift module in the technological advancement. The expansion of the global vertical lift module market is being driven by an increase in demand for new advanced systems to boost productivity and efficiency. For instance, in May 2020, Hanel GmbH & Co. Kg introduced a wide range of high-tech automated solutions, including Hanel Rotomat industrial and office carousels, the Hanel Lockomat, and the tried-and-true Hanel Lean-Lift and Multi-Space vertical storage systems, which support inventory transparency for maximum efficiency.

Which are the key investments by the players in the Vertical Lift Module Industry Market?

Vertical lift modules have been used in various industries due to their exceptional flexibility and adaptability in various work environments. Many investments are made among the key market player. Vertical lift modules will grow in response to the expansion of the retail sector. With the growth of retail comes an increase in warehouse services, which rely significantly on vertical lift modules. Ahold Delhaize USA and Americold announced plans to develop two fully automated chilled warehouses in May 2020. The idea is to boost cold-storage capacity by 24 million cubic feet, or 500,000 square feet, by constructing the two frozen facilities in collaboration with Americold.

Some of the major players in the market are Kardex, Haenel, System Spa, Ferretto, ICAM S.r.l., Toyota Industries, AutoCrib, Automha, Constructor Group, Conveyor Handling Company, Green Automated Solutions, Lista, Mecalux, Stanley Vidmar, and Weland Lagersystem AB.

What are the Major Driving Factors for the Vertical Lift Module Market?

The increasing number of pharmaceuticals, healthcare and electronics industries are increasing the demand for the vertical lift module market. With the increasing population and rising urbanization, the need for electrical equipment and biomedical devices also increases the demand for vertical lift module products which are anticipated to drive the market growth during the forecast period. Furthermore, the rapidly increasing vertical lift module systems installation in retail sectors, hospitals, and food & beverages for selecting and keeping products are also the increasing demand for vertical lift modules. Moreover, the increasing use of height sensors in modern vertical lift modules and computer software in vertical lift modules are expected to grow. 

What are the Major Risks for the Vertical Lift Module Market?

The vertical lift module's high maintenance and cost hamper the market growth. Vertical lift modules usually have a high fixed cost of installation. The initial investment purchase of a completely new vertical lift module is primitive. Furthermore, the cheap labor and workforce available in such countries are India, China, and other countries are expected to hamper the market growth. Additionally, the affordability of vertical lift module systems is a major automotive industry concern. The lack of skilled specialists, easy availability, and second-hand vertical lift modules hamper the market growth.  

Which is the key industry in the Market Vertical Lift Module Market?

The industry segment is categorized into Automotive, Metals & Machinery, Food & Beverages, Chemicals, Healthcare, semiconductors & Electronics, Aviation, E-Commerce and other Industries. The Automotive segment dominates the Vertical Lift Module market due to the automotive industry offering new technology-based products and enabling real-time information to offer excellent orders filling the terms of good product delivery and quality. Furthermore, Rapid urbanization in developed and developing countries such as the United States and others is also expected to increase the demand for the Vertical Lift Module market. 

How is the Vertical Lift Module Market performing in regions?

In 2021, North America dominated the highest market share in the global Vertical Lift Module market due to the presence of majorly manufacturing in this Region and increasing technological advancement with expanding e-commerce and retail sectors. In North America, the rise of the Vertical Lift Module market is likely to be aided by increasing pharmaceuticals and electrical industries of the Vertical Lift Module market. The advancement in technology in the United States gives a growth opportunity to this sector and the largest market for Vertical Lift Module in North America. Furthermore, the automotive, Food & Beverages, retail sectors and other industries are predicted to increase the Vertical Lift Module market in this Region. 

The Asia Pacific is dominated and accounted for the largest market share, and it is likely to be the leading region vertical lift module due to the dominant consumer base in the Asia Pacific region. China, India and other countries are the major vertical lift module market in this Region. This Region has become a valuable market for the Vertical Lift Module industry. Moreover, the rising demand for warehouse management coupled with increasing WMS providers is expected to grow. These factors are expected to increase the growth of the Vertical Lift Module market in the Asia Pacific region.

What is the regulatory landscape for the Vertical Lift Module Market?

The regulatory landscape for this market is that governments are exploring a stricter regulatory approach across regions. The governments are applying strict regulations on carbon emissions and old vertical lift modules, which cause harmful events in warehouses. Besides, the government supports autonomous and electric-powered vertical lift modules due to their efficiency and reduced carbon emissions.

What is the Market Size of the Vertical Lift Module regarding value?

The Vertical Lift Module market is anticipated to grow at a substantial CAGR of 9.10% in the upcoming years. The global Vertical Lift Module market industry was estimated to be worth USD 1,342.5 Million in 2021 and was expected to be worth USD 2,263.92 Million by 2028.

What are the major players planning for the future of the Vertical Lift Module Market?

The market's leading vertical lift module manufacturers invest heavily in cutting-edge technology such as cloud computing, artificial intelligence, and others. Furthermore, future scenarios indicate that well-known market players would make large investments in startups and medium-sized firms in order to provide efficient solutions to the sector. To gain a competitive advantage, large players are expected to buy or merge with larger enterprises or startups. 

Segmentation of Global Vertical Lift Module Market-

Vertical Lift Module market– By Delivery type

  • Single-Level Delivery
  • Dual-Level Delivery

 Vertical Lift Module market– By Storage type

  • Non-Refrigerated Storage
  • Refrigerated Storage

Vertical Lift Module market– By industry

  • Automotive
  • Metals & Machinery  
  • Food & Beverages
  • Chemicals
  • Healthcare
  • Semiconductor & Electronics
  • Aviation
  • E-Commerce
  • Other Industries

Vertical Lift Module Market– By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently Asked Questions (FAQs):

The increasing number of pharmaceuticals, healthcare and electronics industries are increasing the demand for the vertical lift module market. With the increasing population and rising urbanization, the need for electrical equipment and biomedical devices also increased. Furthermore, the rapidly increasing vertical lift module systems installation in retail sectors, hospitals, and food & beverages for selecting and keeping products are also the increasing demand for vertical lift modules. Moreov

The vertical lift module market is anticipated to grow at a substantial CAGR of 9.10% in the upcoming years. The global Vertical Lift Module market industry was estimated to be worth USD 1,342.5 Million in 2021 and was expected to be worth USD 2,263.92 Million by 2028.

North America dominated with the highest market share in the global Vertical Lift Module market in 2021 due to the presence of majorly manufacturing in this Region and increasing technological advancement with expanding e-commerce and retail sectors. In North America, the rise of the Vertical Lift Module market is likely to be aided by increasing pharmaceuticals and electrical industries of the Vertical Lift Module market. The advancement in technology in the United States gives a growth opportu

Some of the major players in the market are Kardex, Haenel, System Spa, Ferretto, ICAM S.r.l., Toyota Industries, AutoCrib, Automha, Constructor Group, Conveyor Handling Company, Green Automated Solutions, Lista, Mecalux, Stanley Vidmar, and Weland Lagersystem AB.

In 2021, the automotive segment dominated the vertical lift module market due to the industry offering new technology-based products and excellent product delivery and quality. These factors are contributing to the automotive segment's expansion during the forecast period.

Vertical Lift Module Market Scope

Report Attribute Details
Market Value in 2021 USD 1,342.5 Million
Market Value in 2028 USD 2,263.92 Million
CAGR 9.10%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Oct 2022
Category:  Consumer Goods
Report ID:   60709
Report Format:   PDF
Pages:   120
Rating:    4.6 (40)
Delivery Time: 24 Hours to 48 Hours   
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