Global Vertical Lift Module (VLM) Market (2021 to 2026) – Growth, Trends, COVID-19 Impact, and Forecasts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Vertical Lift Module (VLM) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.

The vertical lift module (VLM) market is expected to grow at a CAGR of 8% over the forecast period (2021-2026). Industry 4.0 has led to an increased preference for automated solutions at manufacturing or warehouse facilities.

Companies Mentioned

• Kardex Group
• Hanel Storage Systems
• Ferretto Group S.p.a
• AutoCrib, Inc.
• Modula Inc.(System Logistics)
• Weland Lagersystem AB
• Schaefer Systems International Inc.
• Automha SPA
• Green Automated Solutions, Inc
• Stanley Black & Decker Storage Solutions

Key Market Trends

Food and Beverage Sector is Expected to Grow Significantly

• A significant number of food and beverage companies are tormented with older carousels to facilitate picking, which is now being replaced with vertical lift modules (VLMs). These systems have greatly increased the cube utilization of facilities, by allowing these companies to run seamlessly with space constraints.
• With the industry featuring massive inventories, the VLM designs incorporate ergonomic designs with trays to support over 1,000 pounds per tray, with overall VLM heights ranging from 15 feet to 75 feet.
• A similar deployment was made by Hanel Storage Systems via its Lean-Lift range of VLMs. In November 2019, Hanel Storage Systems offered eight of its Lean-Lift vertical lift modules to Tetra Pak, for an efficient store and pick of replacement parts to its production facilities. Tetra Pak’s distribution center in Mexico has been supplying spare parts to production equipment across Centraland South America, including Canada as well.
• Further, Syngenta Seeds purchased two VLMs from Modula Inc. with one dedicated to seed sample storage and other for its lab operations. Such applications have required the VLMs to be developed in accordance with temperature sensitive environments. The ability to operate at temperatures down to 32F in multiple cold storage area applications are fueling the growth of VLMs in the segment.

Asia-Pacific is Expected to Experience Significant Growth

• Asia-Pacific is expected to witness the fastest growth because of the increase because of the presence of the world’s largest manufacturing hub and the world’s largest exporter i.e. China. Automation in China is expected to cut costs by30%, by 2025 and also by ‘Made in China 2025’ initiative, manufacturing units are expected to increase rapidly in the country. This factor drives the market for the vertical lift module (VLM) market in the country.
• Additionally, another fastest-growing economy of the world is India. With India’s ambitious plan of ‘Make in India’, the manufacture and consequent distribution and logistics activities are expected to witness exponential growth.
• Moreover, India which is the second populous country in the world and has a predominantly consumption-led economy. As per the Centre for Monitoring Indian Economy in Q1 2018, the consumption growth rate in India was 6.6%, which was higher than most economies in the world.
• Therefore, companies are seeing this as a huge opportunity, and thus expanding their presence in the country, thereby increasing the demand for the VLM market in the region. For instance, in March 2019, FM Logistic announced that they are building a multi-client logistics facility (MCF) in India and is expected to be operational by December 2020. This warehouse would have a storage capacity of 100,000 pallet positions and also expected to provide a dedicated area for co-packing and other value-added services.
• Therefore, the above factors are expected to have a positive outlook in the vertical lift module (VLM) in the Asia-Pacific region during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHT

4.1 Market Overview

4.2 Industry Attractiveness – Porter’s Five Force Analysis

4.3 Industry Value Chain Analysis

4.4 Assessment of Impact of COVID-19 on the Vertical Lift Module Market

5 MARKET DYNAMICS

5.1 Market Drivers

5.1.1 Increasing Adoption among Warehouse Owners due to Reduced Floor Space

5.1.2 Significant Advantage over Traditional Storage and Retrieval Systems

5.2 Market Challenges

5.2.1 Increasing Energy Consumption Concerns and Huge Infrastructural Costs

6 MARKET SEGMENTATION

6.1 By End-user Industry

6.1.1 Metal and Machinery

6.1.2 Automotive

6.1.3 Electrical and Electronics

6.1.4 Retail/Warehousing/DistributionCenter/Logistics Center

6.1.5 Life Sciences

6.1.6 Food and Beverage

6.1.7 Other End-user Industries

6.2 By Geography

6.2.1 North America

6.2.1.1 United States

6.2.1.2 Canada

6.2.2 Europe

6.2.2.1 Germany

6.2.2.2 United Kingdom

6.2.2.3 France

6.2.2.4 Italy

6.2.2.5 Spain

6.2.2.6 Rest of Europe

6.2.3 Asia Pacific

6.2.3.1 China

6.2.3.2 Japan

6.2.3.3 South Korea

6.2.3.4 Rest of Asia Pacific

6.2.4 Latin America

6.2.5 Middle East and Africa

7 COMPETITIVE LANDSCAPE

7.1 Company Profiles

8 INVESTMENT ANALYSIS

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/kq0tw2

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