Vertical Lift Module (VLM) Market to Grow at a CAGR of 9.5% to reach US$ US$ 1667.6 Mn Million from 2017 to 2025

Vertical Lift Module (VLM) Market to 2025 - Global Analysis and Forecast by End-User (Automotive, Electronics, Aerospace, Food & Beverage, E-Commerce, Logistics, Pharmaceuticals, Retail and Others)

Publication Month : Apr 2017

  • Report Code : TIPTE100000380
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 150
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The Global Vertical Lift Module Market accounted for US$ 808.5 Mn in 2017 and is expected to grow at a CAGR of 9.5% during the forecast period 2017 – 2025, to account for US$ US$ 1667.6 Mn in 2025.



The vertical lift module market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. APAC being the fastest growing region in the e-commerce landscape, is driving the need and providing opportunities to logistics companies for serving the fast moving sector. The growth in increased internet and mobile penetration, increasing number of e-commerce players along with increasing logistics options in the value chain has resulted in fueling the e-commerce sector in the region.  In order to stay competitive in the dynamic and fast moving e-commerce landscape, the logistic players are in a need to reinvent their storage facilities and warehouse operations. Also with the presence of several players in the market, managing customer complexities and expectations are the key challenges faced by the logistics companies. To overcome these challenges, logistics companies are choosing automated systems to enhance their warehouse operations as well as worker safety and comfort. Thus, owing to increased space utilization benefit delivered by VLMs and increased inventory control, the demand for such ASRS solutions is experiencing a high growth in the rapidly growing logistics sector of APAC countries. Asia Pacific vertical lift module market region is expected to witness a CAGR growth rate of 12.02% in the coming years.

Vertical Lift Module Market by Region

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Market Insights

Need for optimized and space efficient storage systems

Growing population across the globe, is tremendously impacting the demand for multiple product categories in automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. In order to cater to this enormously increasing demand, manufacturers have increased their productions significantly. VLM is such a storage solution, which salvages more than 80% of floor space by stacking the material in vertical shelves. Also, these storage systems are designed in such a way that they deliver the stored product to an operator at an ergonomically located position just on the push of a button, with minimal manual efforts. This effortless delivery results in time saving and significant rise in productivity at the workplace

Growing e-commerce industry bringing-in more automated storage solutions

The development of e-commerce industry goes hand-in-hand with prosperity of the automated storage industry. Stocking of products sold by e-commerce sellers is stored in warehouses, and to reduce time for sorting and stocking of these products, vertical lift modules seem to be the best tools. The advent of automation into other industries including manufacturing, marketing, supply chain, and more have brought a revolutionary change in the way businesses are done. Each and every aspect is now being substituted by appropriate automation mechanism that provides an opportunity to increase its work efficiency and also productivity. A spike on the demand side has forced businesses to move on to operations that take less time and increase efficiency. Also, the e-commerce industry is witnessing its peak periods and is one of the biggest users of the automated storage systems. These factors are expected to boost the vertical lift module market.

Vertical Lift Module Market – End-User Insight

The major end-users for vertical lift modules market are automotive, food & beverage, electronics, retail, e-commerce, logistics, aerospace, pharmaceuticals and others. In aerospace Industry high level of control and security is common. It is even same for the tools, spares, parts and materials stored or managed on production sites. Some of the parts and tools must be securely stored safely and assets of high value must be protected and stored to avoid theft to maintain confidentiality. VLM solutions provides secure storing by physically hindering operator’s access to the stored items. With the rising shortage of space aerospace industry is looking for techniques to free up available space in the manufacturing unit. VLM helps in optimizing logistics and processes strategies to efficiently manage storage with the available ground space available Thus, the aerospace industry in vertical lift module market is projected to provide numerous lucrative business opportunities for the market players in the forecast period.

 Vertical Lift Module Market by Aerospace

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Vertical Lift Module (VLM) Market: Strategic Insights

vertical-lift-module-vlm-market
Market Size Value inUS$ 808.5 Million in 2017
Market Size Value byUS$ 1667.6 Million by 2025
Growth rateCAGR of 9.5% from 2018-2025
Forecast Period2018-2025
Base Year2018
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The market initiative and new development was observed as the most adopted strategy in global vertical lift module market. Few of the recent strategies by some of the players operating in vertical lift module market landscape are listed below-

2017: Hanel Storage Systems installed 3 Lean-Lift VLMs at Productivity, Inc. in Minneapolis, US. Productivity, Inc. is a distributor of machine tools as well as tooling accessories for the metalworking industry.

2016: EffiMat Storage Technology AS partnered with ChinaSourcing E & T Co., Ltd to enhance the company’s distribution network by making ChinaSourcing as a sole distributor of EffiMat’s VLM across China Mainland.

2016: Kardex Remstar deployed 18 Shuttle XP VLMs at ALSO, a Switzerland based ICT distribution and logistic Company.

GLOBAL VERTICAL LIFT MODULE – SEGMENTATION

Global Vertical Lift Module Market – By End-user


  • Automotive
  • Electronics
  • Food & Beverage
  • E-Commerce
  • Aerospace
  • Logistics
  • Pharmaceuticals
  • Retail
  • Others ( agriculture, construction, oil & gas )

Global Automated Storage Retrieval Systems Market – By Type


  • Unit Load ASRS
  • Mini Load ASRS
  • Carousals
  • Vertical Lift Module (VLM)
  • Others

Global Vertical Lift Module Market – By Geography


  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • East Europe
  • Asia Pacific (APAC)

    • Japan
    • China
    • India
    • Australia
  • Middle East & Africa (MEA)

    • Saudi Arabia
    • South Africa
    • UAE
  • South America (SAM)

    • Brazil
    • Argentina

Vertical Lift Module Market - Company Profiles


  • Hanel Storage Systems
  • Interlake Mecalux, Kardex Group
  • Lauyans and Co.
  • Sapient Automation,
  • SencorpWhite, System Logistics,
  • Schaefer Systems International
  • Effimat,
  • Dexion,
  • Modula
  • Weland Lagersystems AB,
  • Ferretto Group Spa
  • ICAM SRL
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Companies List :

Hanel Storage Systems
Interlake Mecalux
Kardex Group
AutoCrib, Inc. (Lauyans & Co.)
MDCI Automation (Sapient Automation)
SencorpWhite
System Logistics Spa
SSI Schaefer Systems International
EffiMat Storage Technology A/S
Constructor Group AS (Kasten and Dexion)
Weland Lagersystem AB
Modula S.p.A
Ferretto Group Spa
ICAM srl
Zecchetti s.r.l.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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