Vertical Lift Module (VLM) Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Vertical Lift Module (VLM) Market will register an 8.8% CAGR over 2024-2032, driven by the growing demand for efficient, space-saving storage solutions. Businesses across manufacturing, healthcare, and retail, where inventory management is paramount, find VLMs particularly appealing to streamline warehouse and storage operations. According to the Material Handling Industry of America (MHIA), VLMs can increase storage capacity by up to 80% compared to traditional shelving systems. The push for VLM adoption is further intensified by a focus on automation and technological innovations, leading to enhanced operational efficiency, reduced labor costs, and heightened accuracy in inventory oversight.

Moreover, as the emphasis on sustainability and minimizing environmental footprints grows, VLMs are seeing increased adoption. By optimizing storage and better organizing materials, VLMs curb energy consumption and waste. According to the U.S. Green Building Council, efficient storage solutions like VLMs can reduce energy usage by up to 30%. With tightening regulatory standards and a surge in corporate sustainability initiatives, businesses are channeling investments into VLMs.

The overall vertical lift module market is segmented based on storage type, delivery type, loading capacity, end-use, distribution channel, and region.

The temperature-controlled refrigerator is experiencing notable growth due to the increasing need for precise and reliable storage solutions for temperature-sensitive products. Industries such as pharmaceuticals, biotechnology, and food and beverage require stringent temperature management to maintain product quality and compliance with regulatory standards. Temperature-controlled VLMs provide a secure and efficient method for storing perishable items and sensitive materials, ensuring optimal conditions are maintained throughout the storage period.

The retail and logistics segment share is poised to expand rapidly through 2032, due to the increasing emphasis on efficiency and inventory management. Retailers and logistics providers are adopting VLMs to optimize storage space, streamline order fulfillment processes, and improve inventory accuracy. The growing need to adapt to fast-paced supply chain demands and the rise of e-commerce, where quick and accurate order processing is crucial for maintaining competitive advantage and meeting consumer expectations, is favoring product deployment in retail and logistics sector.

Asia Pacific vertical lift module (VLM) market size will expand through 2032, driven by rapid industrialization, expanding retail networks, and increasing automation across various sectors. The region's diverse industrial base, coupled with a focus on enhancing supply chain efficiency and optimizing warehouse operations, is contributing to the wider adoption of VLMs. Additionally, the increasing investment in infrastructure development and technological advancements for modernizing and automating storage solutions is further accelerating the regional market growth.

Product Code: 10404

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Maximizing warehouse space
  - 3.2.1.2 Improved inventory management and order picking
  - 3.2.1.3 Enhanced safety and ergonomics
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Higher initial investment
  - 3.2.2.2 Limited weight capacity
3.3 Growth potential analysis
3.4 Porter's analysis
3.5 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix

Chapter 5 Vertical Lift Module (VLM) Market Estimates and Forecast, By Storage Type, 2021-2032 (USD Billion)

5.1 Key trends
5.2 Temperature-controlled refrigerator
5.3 Non-refrigerator

Chapter 6 Vertical Lift Module (VLM) Market Estimates and Forecast, By Delivery Type, 2021-2032 (USD Billion)

6.1 Key trends
6.2 Single-level delivery
6.3 Dual-level delivery

Chapter 7 Vertical Lift Module (VLM) Market Estimates and Forecast, By Loading Capacity, 2021-2032 (USD Billion)

7.1 Key trends
7.2 Up to 500 kg/tray
7.3 500-700 kg/tray
7.4 Above 700 kg/tray

Chapter 8 Vertical Lift Module (VLM) Market Estimates and Forecast, By End Use, 2021-2032 (USD Billion)

8.1 Key trends
8.2 Automotive
8.3 Food and beverage
8.4 Retail and logistics
8.5 Metals and machinery
8.6 Chemicals
8.7 Others

Chapter 9 Vertical Lift Module (VLM) Market Estimates and Forecast, By Distribution Channel, 2021-2032 (USD Billion)

9.1 Key trends
9.2 Direct sales
9.3 Indirect sales

Chapter 10 Vertical Lift Module (VLM) Market Estimates and Forecast, By Region, 2021-2032 (USD Billion)

10.1 Key trends, by regions
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Auto Crib
11.2 Conveyor Handling Company
11.3 ELF Automation
11.4 Ferretto SpA
11.5 Hanel Buro
11.6 ICAM SpA
11.7 Kardex
11.8 LISTA
11.9 Macalux, SA
11.10 Modula Group
11.11 Rabatex Group
11.12 SSI Schafer
11.13 Vidir Solutions, Inc.
11.14 Vidmar
11.15 Weland Solutions