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
Market Size Value in US$ 808.5 Million in 2017 Market Size Value by US$ 1667.6 Million by 2025 Growth rate CAGR of 9.5% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Vertical Lift Module (VLM) Market: Strategic Insights
| Market Size Value in | US$ 808.5 Million in 2017 |
| Market Size Value by | US$ 1667.6 Million by 2025 |
| Growth rate | CAGR of 9.5% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Scope of the Study
2.2 The Insight Partners Research Report Guidance
3 Key Takeaways
4 Vertical Lift Module Market Landscape
4.1 Market Overview
4.2 Market Segmentation
4.2.1 Global Vertical Lift Module Market – By End-user
4.2.2 Global Automated Storage Retrieval Systems Market – By Type
4.2.3 Global Vertical Lift Module Market – By Geography
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5 Global Vertical Lift Module Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Need for optimized and space efficient storage systems
5.1.2 Rising demand for strategically managed supply chain
5.1.3 Systematically managed error redundant warehouses
5.2 Key Market Restraints
5.2.1 Delayed Return on Investments (ROI)
5.2.2 Availability of other preferred storage systems for specific products
5.2.3 Lack of awareness
5.3 Key Market Opporunities
5.3.1 Growing e-commerce industry bringing-in more automated storage solutions
5.3.2 Increasing emphasis on improving inventory management operations
5.4 Future Trends
5.4.1 Integration of robotics
5.5 Impact Analysis of Drivers and Restraints
6 Vertical Lift Module Market – Global
6.1 Global Vertical Lift Module Market Overview
6.2 Global Vertical Lift Module Market Forecast and Analysis
7 Global ASRS Market Revenue and Forecast to 2025 – By Type
7.1 Overview
7.1 Unit Load ASRS
7.1.1 Overview
7.1.2 Global Unit Load ASRS Market Revenue and Forecasts to 2025 (US$ Mn)
7.2 Mini Load ASRS
7.2.1 Overview
7.2.2 Global Mini Load ASRS Market Revenue and Forecasts to 2025 (US$ Mn)
7.3 Carousals
7.3.1 Overview
7.3.2 Global Carousals Market Revenue and Forecasts to 2025 (US$ Mn)
7.4 Vertical Lift Module (VLM)
7.4.1 Overview
7.4.2 Global Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
8 Global Vertical Lift Module Market Revenue nd Forecast to 2025 –By End-user
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 Global Automotive Market Revenue and Forecasts to 2025 (US$ Mn)
8.3 Electronics
8.3.1 Overview
8.3.2 Global Electronics Market Revenue and Forecasts to 2025 (US$ Mn)
8.4 Food & Beverage
8.4.1 Overview
8.4.2 Global Food & Beverage Market Revenue and Forecasts to 2025 (US$ Mn)
8.5 E-commerce
8.5.1 Overview
8.5.2 Global E-commerce Market Revenue and Forecasts to 2025 (US$ Mn)
8.6 Aerospace
8.6.1 Overview
8.6.2 Global Aerospace Market Revenue and Forecasts to 2025 (US$ Mn)
8.7 Logistics
8.7.1 Overview
8.7.2 Global Logistics Market Revenue and Forecasts to 2025 (US$ Mn)
8.8 Pharmaceuticals
8.8.1 Overview
8.8.2 Global Pharmaceuticals Market Revenue and Forecasts to 2025 (US$ Mn)
8.9 Retail
8.9.1 Overview
8.9.2 Global Retail Market Revenue and Forecasts to 2025 (US$ Mn)
8.1 Others
8.10.1 Overview
8.10.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
9 Global Vertical Lift Module Market – Geographical Analysis
9.1 Overview
9.2 North America Vertical Lift Module Market Revenue and Forecasts to 2025
9.2.1 Overview
9.2.2 North America Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3 North America Vertical Lift Module Market Breakdown by Key Countries
9.2.3.1 U.S. Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.2 Canada Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.3.3 Mexico Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.2.4 North America ASRS Market Breakdown by Type
9.2.5 North America Vertical Lift Module Market Breakdown by End-users
9.3 Europe Vertical Lift Module Market Revenue and Forecasts to 2025
9.3.1 Overview
9.3.2 Europe Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3 Europe Vertical Lift Module Market Breakdown by Key Countries
9.3.3.1 France Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.2 Germany Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.3 UK Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.4 Italy Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.5 Spain Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.3.6 East Europe Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.3.4 Europe ASRS Market Breakdown by Type
9.3.5 Europe Vertical Lift Module Market Breakdown by End-users
9.4 Asia Pacific (APAC) Vertical Lift Module Market Revenue and Forecasts to 2025
9.4.1 Overview
9.4.2 Asia Pacific Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3 Asia Pacific Vertical Lift Module Market Breakdown by Key Countries
9.4.3.1 Japan Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.2 China Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.3 India Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.3.4 Australia Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.4.4 Asia Pacific ASRS Market Breakdown by Type
9.4.5 Asia Pacific Vertical Lift Module Market Breakdown by End-users
9.5 Middle East & Africa (MEA) Vertical Lift Module Market Revenue and Forecasts to 2025
9.5.1 Overview
9.5.2 Middle East & Africa Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3 Middle East & Africa Vertical Lift Module Market Breakdown by Key Countries
9.5.3.1 Saudi Arabia Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.2 UAE Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.3.3 South Africa Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.5.4 Middle East & Africa ASRS Market Breakdown by Type
9.5.5 Middle East & Africa Vertical Lift Module Market Breakdown by End-users
9.6 South America Vertical Lift Module Market Revenue and Forecasts to 2025
9.6.1 Overview
9.6.2 South America Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.3 South America Vertical Lift Module Market Breakdown by Key Countries
9.6.3.1 Brazil Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.3.2 Argentina Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
9.6.4 South America ASRS Market Breakdown by Type
9.6.5 South America Vertical Lift Module Market Breakdown by End-users
10 Industry Landscape
10.1 Market Initative
10.2 Merger and Acquisition
10.3 New Development
10.4 Investment Scenario
11 Competitive Landscape
11.1 Competitive Product Mapping
11.2 Market Positioning – Global Top 10 Players Ranking
13 Global Vertical Lift Module Market – Key Company Profiles
13.1 Hanel Storage Systems
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Developments
13.2 Interlake Mecalux
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Financial Overview
13.2.4 SWOT Analysis
13.2.5 Key Developments
13.3 Kardex Group
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Financial Overview
13.3.4 SWOT Analysis
13.3.5 Key Developments
13.4 AutoCrib, Inc. (Lauyans & Co.)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Financial Overview
13.4.4 SWOT Analysis
13.4.5 Key Developments
13.5 MDCI Automation (Sapient Automation)
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Financial Overview
13.5.4 SWOT Analysis
13.5.5 Key Developments
13.6 SencorpWhite
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Financial Overview
13.6.4 SWOT Analysis
13.6.5 Key Developments
13.7 System Logistics Spa
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Financial Overview
13.7.4 SWOT Analysis
13.7.5 Key Developments
13.8 SSI Schaefer Systems International
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Financial Overview
13.8.4 SWOT Analysis
13.8.5 Key Developments
13.9 EffiMat Storage Technology A/S
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Financial Overview
13.9.4 SWOT Analysis
13.9.5 Key Developments
13.1 Constructor Group AS (Kasten and Dexion)
13.10.1 Key Facts
13.10.2 Business Description
13.10.2.1 Kasten
13.10.2.2 Dexion
13.10.3 Financial Overview
13.10.4 SWOT Analysis
13.10.5 Key Developments
13.11 Weland Lagersystem AB
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Financial Overview
13.11.4 SWOT Analysis
13.11.5 Key Developments
13.12 Modula Inc.
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Financial Overview
13.12.4 SWOT Analysis
13.12.5 Key Developments
13.13 Ferretto Group Spa
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Financial Overview
13.13.4 SWOT Analysis
13.13.5 Key Developments
13.14 ICAM srl
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Financial Overview
13.14.4 SWOT Analysis
13.14.5 Key Developments
13.15 Zecchetti s.r.l.
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Financial Overview
13.15.4 SWOT Analysis
13.15.5 Key Developments
14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Methodology
14.3.1 Coverage
14.3.2 Secondary Research
14.3.3 Primary Research
14.4 Contact Us
14.5 Disclaimer
1.1 List of Tables
Table 1: Global Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Table 2: North America ASRS Market Revenue and Forecasts to 2025 – By Type (US$ Mn)
Table 3: North America Vertical Lift Module Market Revenue and Forecasts to 2025 – By End-users (US$ Mn)
Table 4: Europe ASRS Market Revenue and Forecasts to 2025 – By Type (US$ Mn)
Table 5: Europe Vertical Lift Module Market Revenue and Forecasts to 2025 – By End-users (US$ Mn)
Table 6: Asia Pacific ASRS Market Revenue and Forecasts to 2025 – By Type (US$ Mn)
Table 7: Asia Pacific Vertical Lift Module Market Revenue and Forecasts to 2025 – By End-users
Table 8: Middle East & Africa ASRS Market Revenue and Forecasts to 2025 – By Type (US$ Mn)
Table 9: Middle East & Africa Vertical Lift Module Market Revenue and Forecasts to 2025 – By End-users (US$ Mn)
Table 10: South America ASRS Market Revenue and Forecasts to 2025 – By Type (US$ Mn)
Table 11: South America Vertical Lift Module Market Revenue and Forecasts to 2025 – By End-users (US$ Mn)
Table 12: Glossary of Terms, Vertical Lift Module Market
1.2 List of Figures
Figure 1: Vertical Lift Module Market, Global Revenue (US$ Mn), 2016 & 2025
Figure 2: Vertical Lift Module Market, APAC Revenue (US$ Mn), 2016 & 2025
Figure 3: Automotive Vertical Lift Module Market, Global Revenue (US$ Mn), 2016 & 2025
Figure 4: Vertical Lift Module Market Segmentation – By End-User and Geography
Figure 5: ASRS Market Segmentation – By Type
Figure 6: North America PEST Analysis
Figure 7: Europe PEST Analysis
Figure 8: APAC PEST Analysis
Figure 9: MEA PEST Analysis
Figure 10: SAM PEST Analysis
Figure 11: Vertical Lift Module Market Impact Analysis of Driver and Restraints
Figure 12: Global Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn) 44
Figure 13: Global ASRS Market Breakdown By Type, 2016 & 2025 (%)
Figure 14: Global Unit Load ASRS Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 15: Global Mini Load ASRS Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 16: Global Carousals Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 17: Global Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 18: Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 19: Global Vertical Lift Module Market Breakdown by End-users, 2016 & 2025 (%)
Figure 20: Global Automotive Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 21: Global Electronics Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 22: Global Food & Beverage Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 23: Global E-commerce Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 24: Global Aerospace Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 25: Global Logistics Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 26: Global Pharmaceuticals Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 27: Global Retail Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 28: Global Others Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 29: Vertical Lift Module Market, Global Breakdown by Regions, 2016 & 2025 (%)
Figure 30: North America Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 31: North America Vertical Lift Module Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 32: U.S. Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 33: Canada Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 34: Mexico Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 35: North America ASRS Market Breakdown by Type, 2016 & 2025 (%)
Figure 36: North America Vertical Lift Module Market Breakdown By End-users, 2016 & 2025 (%)
Figure 37: Europe Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 38: Europe Vertical Lift Module Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 39: France Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 40: Germany Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 41: UK Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 42: Italy Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 43: Spain Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 44: East Europe Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 45: Europe ASRS Market Breakdown by Type, 2016 & 2025 (%)
Figure 46: Europe Vertical Lift Module Market Breakdown By End-users, 2016 & 2025 (%)
Figure 47: Asia Pacific Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 48: Asia Pacific Vertical Lift Module Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 49: Japan Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 50: China Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 51: India Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 52: Australia Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 53: Asia Pacific ASRS Market Breakdown by Type, 2016 & 2025 (%)
Figure 54: Asia Pacific Vertical Lift Module Market Breakdown By End-users, 2016 & 2025(%)
Figure 55: Middle East & Africa Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 56: Middle East & Africa Vertical Lift Module Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 57: Saudi Arabia Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 58: UAE Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 59: South Africa Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 60: Middle East & Africa ASRS Market Breakdown by Type, 2016 & 2025 (%)
Figure 61: Middle East & Africa Vertical Lift Module Market Breakdown By End-users, 2016 & 2025 (%)
Figure 62: South America Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 63: South America Vertical Lift Module Market Breakdown by Key Countries, 2016 & 2025 (%)
Figure 64: Brazil Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 65: Argentina Vertical Lift Module Market Revenue and Forecasts to 2025 (US$ Mn)
Figure 66: South America ASRS Market Breakdown by Type, 2016 & 2025 (%)
Figure 67: South America Vertical Lift Module Market Breakdown By End-users, 2016 & 2025 (%)
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.
- 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.
- 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:
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.
- 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.
- 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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