Product Code: GVR-4-68040-341-7
Vertical Lift Module Market Size & Trends
The global vertical lift module market size was estimated at USD 1,558.9 million in 2023 and is projected grow at a CAGR of 9.1% from 2024 to 2030. The market is experiencing significant growth due to the increasing demand for automated storage and retrieval systems (ASRS) across multiple sectors. VLMs are an integral part of modern warehousing, logistics, and distribution centers, offering efficient storage solutions that save floor space, reduce worker fatigue, and improve inventory management through automated controls.
Moreover, manufacturers are seeking ways to optimize their storage spaces. vertical lift module significantly reduces the footprint of storage areas by utilizing vertical space, which is particularly beneficial in urban areas where space comes at a premium. By automating the storage and retrieval process, vertical lift module reduces the need for manual labor, thereby decreasing the risk of workplace injuries and improving overall efficiency.
Furthermore, the surge in online shopping necessitates more efficient warehousing and distribution strategies where VLMs play a critical role by saving space and speeding up the retrieval process. There's a push within the U.S. manufacturing sector towards Industry 4.0 integrating digital technologies into manufacturing operations. VLMs enhance storage density and efficiency, aligning with the goals of modern, lean manufacturing practices.
Global Vertical Lift Module Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the vertical lift module market report based on delivery type, storage type, end- use, and region:
- Delivery Type Outlook (Revenue, USD Million, 2018 - 2030)
- Single Level Delivery
- Dual Level Delivery
- Storage type Outlook (Revenue, USD Million, 2018 - 2030)
- Non-refrigerated Type
- Refrigerated Type
- End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Automotive
- Metals & Machinery
- Food & Beverages
- Semiconductor & Electronics
- E-commerce
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Vertical Lift Module Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Concentration & Penetration Outlook
- 3.3. Industry Value Chain Analysis
- 3.3.1. Raw Material Supplier Outlook
- 3.3.2. Component Supplier Outlook
- 3.3.3. Manufacturer Outlook
- 3.3.4. Distribution Outlook
- 3.3.5. End User Outlook
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Drivers Analysis
- 3.6.2. Market Restraints Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenge Analysis
- 3.7. Vertical Lift Module Market Analysis Tools
- 3.7.1. Porter's Analysis
- 3.7.1.1. Bargaining power of the suppliers
- 3.7.1.2. Bargaining power of the buyers
- 3.7.1.3. Threats of substitution
- 3.7.1.4. Threats from new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political landscape
- 3.7.2.2. Economic and Social landscape
- 3.7.2.3. Technological landscape
- 3.7.2.4. Environmental landscape
- 3.7.2.5. Legal landscape
- 3.8. Economic Mega Trend Analysis
- 3.9. Vendor Landscape
- 3.9.1. List of Key Raw Material/Component Providers
- 3.9.2. List of Key Manufacturers
- 3.9.3. List of Key Distributors
Chapter 4. Vertical Lift Module Market: Delivery Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Vertical Lift Module Market: Type Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Single Level Delivery
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Dual Level Delivery
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Vertical Lift Module Market: Storage Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Vertical Lift Module Market: storage type Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Non-Refrigerated Type
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Refrigerated Type
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Vertical Lift Module Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Vertical Lift Module Market: End use Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Automotive
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Metals & Machinery
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Food & Beverages
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Semiconductor & Electronics
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. E-commerce
- 6.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Vertical Lift Module Market: Region Estimates & Trend Analysis
- 7.1. Vertical Lift Module Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.2.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.2.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.2.5.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.2.5.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.2.6.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.2.6.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.7.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.2.7.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.2.7.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.3. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.3.4. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.3.5. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.6. UK
- 7.3.6.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.3.6.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.3.6.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.7. Germany
- 7.3.7.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.3.7.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.3.7.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.8. France
- 7.3.8.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.8.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.3.8.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.3.8.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.9. Italy
- 7.3.9.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.9.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.3.9.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.3.9.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.3.10. Spain
- 7.3.10.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.10.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.3.10.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.3.10.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.3. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.4.4. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.4.5. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.6. China
- 7.4.6.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.4.6.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.4.6.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.4.7.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.4.7.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.8. Japan
- 7.4.8.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.4.8.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.4.8.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.9. South Korea
- 7.4.9.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.4.9.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.4.9.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.4.10. Australia
- 7.4.10.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.10.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.4.10.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.4.10.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.5.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.5.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.5.5. Vertical Lift Module Market Estimates and Forecasts by application, 2018 - 2030 (USD Million)
- 7.5.6. Brazil
- 7.5.6.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.6.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.5.6.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.5.6.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.5.7. Argentina
- 7.5.7.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.7.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.5.7.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.5.7.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.6.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.6.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6.5. South Africa
- 7.6.5.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.6.5.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.6.5.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.6.6.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.6.6.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
- 7.6.7. UAE
- 7.6.7.1. Vertical Lift Module Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.7.2. Vertical Lift Module Market Estimates and Forecasts by Delivery Type, 2018 - 2030 (USD Million)
- 7.6.7.3. Vertical Lift Module Market Estimates and Forecasts by storage type, 2018 - 2030 (USD Million)
- 7.6.7.4. Vertical Lift Module Market Estimates and Forecasts by End use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis, 2023
- 8.5. Company Heat Map Analysis, 2023
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. Kardex Group
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. Hanel Storage Systems
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. Ferretto Group S.p.a
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. AutoCrib, Inc.
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. Modula Inc.(System Logistics)
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Weland Lagersystem AB
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. Schaefer Systems International Inc.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. Automha SPA
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Strategic Initiatives
- 8.7.9. Green Automated Solutions, Inc.
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. Stanley Black & Decker Storage Solutions
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Strategic Initiatives
- 8.7.11. Savi Automation
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Strategic Initiatives
- 8.7.12. Craftsman Storage Systems
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
- 8.7.12.4. Strategic Initiatives
- 8.7.13. Vidir Solutions, Inc.
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Product Benchmarking
- 8.7.13.4. Strategic Initiatives