PUBLISHER: Azoth Analytics | PRODUCT CODE: 1375308
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1375308
Azoth Analytics has released a research report titled "Global Lift Modules Market (2023 Edition)" which provides a complete analysis of the Global Lift Modules industry in terms of market segmentation By Height (Less Than 15 Meters, 10 to 15 Meters and More Than 15 Meters), By Per Tray Load Capacity (Up to 300 Kgs, 300 to 600 Kgs and More Than 600 kgs), By End User Industry (Retail and E-Commerce, Automotive, Electronics, Health Care, Food and Beverages, Others) for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The Global Lift Modules market showcased growth at a CAGR of ~8% during 2019-2022. The market was valued at USD 1.32 Billion in 2022 which is expected to reach USD 4.42 Billion in 2029. The rapid growth of e-commerce worldwide has led to an increasing need for efficient and reliable fulfilment systems within warehouses and distribution centres. Lift Modules are helping meet this demand by optimizing storage and retrieval processes. Moreover, as the world economy especially developing countries is heading towards massive industrialization, vertical lift modules will be pivotal factors for the efficient and smooth working of many industries like health care and automotive.
The Global Lift Modules Market is expected to grow in the forecast period and register a market value of USD 4.42 Billion in 2029 at a CAGR of 18.9% during the forecast period. Lift Modules are designed to maximize vertical storage space, making them ideal for businesses and industries facing space constraints. They eliminate the need for traditional aisles, allowing for the efficient use of available warehouse or storage space.
Moreover, inventory management solutions, which include software and technologies designed to streamline and optimize inventory processes, have revolutionized the way businesses handle their inventory. These solutions help businesses efficiently track, manage, and control stock levels, resulting in improved productivity, reduced costs, and enhanced customer satisfaction and with integration of Lift Modules can have a huge impact on inventory management. Additionally, inventory management solutions integrated with Lift Modules enable businesses to automate various processes such as inventory replenishment, cycle counting, and order picking. This automation saves time, reduces errors, and improves overall operational efficiency. Businesses can also benefit from advanced analytics and reporting capabilities, allowing them to make data-driven decisions and optimize their inventory strategies.
Healthcare facilities, including hospitals and clinics, require efficient storage solutions for medical supplies, equipment, medications, and patient records. Lift Modules provide organized and secure storage for these critical items. Lift Modules are used to store and dispense medications in hospital pharmacies and healthcare institutions. These systems help maintain accurate inventory levels, reduce medication errors, and improve patient safety. Moreover, Lift Modules offer improved inventory accuracy, traceability, and control. Healthcare facilities can efficiently manage their supplies, reduce stockouts, and optimize inventory levels, ultimately leading to cost savings and streamlined operations. In healthcare, space is often a premium. VLMs utilize vertical space, allowing healthcare facilities to optimize their storage capacity without expanding the floor area. This efficient use of space is especially valuable in crowded hospital environments.
The healthcare sector is under pressure to reduce operating costs. Lift Modules automate the storage and retrieval of medical supplies and equipment, reducing the need for manual labour, which can result in substantial cost savings. VLMs can improve patient care by ensuring that healthcare professionals have quick access to the necessary medical supplies and equipment, leading to more efficient and effective patient treatment.
List of Tables
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A3: United States Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A4: United States Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A5: United States Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A6: United States Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A7: United States Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A8: Canada Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A9: Canada Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A10: Canada Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A11: Canada Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A12: Canada Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A13: Canada Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A14: Brazil Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A15: Brazil Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A16: Brazil Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A17: Brazil Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A18: Brazil Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A19: Brazil Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A20: Rest of Americas Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A21: Rest of Americas Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A22: Rest of Americas Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A23: Rest of Americas Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A24: Rest of Americas Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A25: Rest of Americas Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A26: Germany Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A27: Germany Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A28: Germany Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A29: Germany Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A30: Germany Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A31: Germany Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A32: United Kingdom Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A33: United Kingdom Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A34: United Kingdom Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A35: United Kingdom Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A36: United Kingdom Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A37: United Kingdom Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A38: France Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A39: France Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A40: France Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A41: France Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A42: France Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A43: France Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A44: Italy Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A45: Italy Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A46: Italy Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A47: Italy Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A48: Italy Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A49: Italy Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A50: Rest of Europe Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A51: Rest of Europe Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A52: Rest of Europe Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A53: Rest of Europe Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A54: Rest of Europe Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A55: Rest of Europe Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A56: China Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A57: China Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A58: China Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A59: China Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A60: China Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A61: China Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A62: Japan Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A63: Japan Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A64: Japan Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A65: Japan Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A66: Japan Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A67: Japan Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A68: India Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A69: India Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A70: India Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A71: India Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A72: India Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A73: India Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A74: Rest of Asia Pacific Lift Modules Market, By Height, By Value, 2019-2022 (USD Million)
Table A75: Rest of Asia Pacific Lift Modules Market, By Height, By Value, 2023-2029 (USD Million)
Table A76: Rest of Asia Pacific Lift Modules Market, By Per Tray Load Capacity, By Value, 2019-2022 (USD Million)
Table A77: Rest of Asia Pacific Lift Modules Market, By Per Tray Load Capacity, By Value, 2023-2029 (USD Million)
Table A78: Rest of Asia Pacific Lift Modules Market, By End User Industry, By Value, 2019-2022 (USD Million)
Table A79: Rest of Asia Pacific Lift Modules Market, By End User Industry, By Value, 2023-2029 (USD Million)
Table A80: Kardex Key Company Financials, 2020-2022