The future of the global vertical lift module market looks promising with opportunities in the automotive, metals and machinery, food and beverages, chemicals, healthcare, semiconductor and lectronics, aviation, and e-commerce markets. The global vertical lift module market is expected to reach an estimated $2.1 billion by 2030 with a CAGR of 7% from 2024 to 2030. The major drivers for this market are rapidly expanding e-commerce sector across the world, growing focus towards industrial automation and growth of industry 4.0, as well as, strong demand for the installation of vertical lift module systems in the food and beverage and retail sectors to improve logistics management.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the vertical lift module
market by delivery type (single-level delivery and dual-level delivery),
storage type (non-refrigerated storage and refrigerated storage), end use
(automotive, metals & machinery, food & beverages, chemicals,
healthcare, semiconductor & electronics, aviation, e-commerce, and other
industries), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
single-level delivery and dual-level delivery are the major segments of
vertical lift module market by delivery type. Lucintel forecasts that
single-level delivery will remain the larger segment over the forecast period
due to growing requirement for maximum storage capacity utilization owing to
the extensive demand for faster recovery and storage of heterogeneous
commodities.Within this market, automotive will remain the largest segment
because of high VLM acceptance in the automobile industry, quick industry
advancement through the provision of cutting-edge products built on novel
technology, as well as, constantly expanding global demand for automobiles.
North America will
remain the largest region over the forecast period due to significant
technological breakthroughs, strong presence of large manufacturers in the area,
and the growing e-commerce, retail, and logistics sectors in the region.
Gonvarri Material
Handling, Ferretto Group, Effimat Storage Technology, Icam Srl, Autocrib, Hänel
Storage Systems, and Kardex Remstar are the major suppliers in the vertical lift
module market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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