What is Vertical Lift Module Market?
A vertical lift module is an enclosed system ideal for reducing the floor space requirements for storing materials that consist of two columns of trays with an inserter/extractor in the center. It provides storage and picking solutions in one system. It is available in various heights and widths to meet every application. It saves up to 85% floor space when compared to standard shelving.
The market study is being classified by Type (Refrigerated Storage and Non-Refrigerated Storage), by Application (E-Commerce, Food & Beverages, Automotive, Semiconductor & Electronics, Healthcare, Chemicals, Aviation, Metals & Heavy Machinery and Other End Users) and major geographies with country level break-up.
Hänel Storage Systems (United States), Weland Lagersystem AB (Sweden), DMW&H (United States), Automha (Italy), Jungheinrich AG (Germany), Kardex Group (Switzerland), Fritz Schafer GmbH (Germany), Ferretto Group SpA (Italy), Heubel Shaw (United States) and AutoCrib, Inc. (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Vertical Lift Module market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vertical Lift Module market by Type, Application and Region.
On the basis of geography, the market of Vertical Lift Module has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Recapture Wasted Floor Space by Utilizing All of Unused Vertical Height Available
- High Demand Due to Multiple Applications
Market Trend
- High Demand for Innovative Products in the Market
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Growing E-Commerce Industry Worldwide
- Increasing Demand from End-User Industry
Challenges
- Less Awareness in the People from Developing Countries
On 6th February 2018, Hänel Storage Systems, a leader in the manufacture and integration of vertical automated storage and retrieval systems (AS/RS), has announced the launch of their latest controller option for use with its Rotomat Vertical Carousels and Lean-Lift Vertical Lift Modules (VLMs). The advanced Hänel MP 14 controller features a 12-inch, high-resolution touchscreen display and a number of other upgrades, for extraordinary functionality and ease of use.
Key Target Audience
Vertical Lift Module Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user