#Vertical Lift Module Market Share

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Automated Storage Systems: Growing from $9.2B to $16.5B by 2034

Automated Storage and Retrieval Systems (ASRS) market is expected to expand from $9.2 billion in 2024 to $16.5 billion by 2034, with a CAGR of 5.8%. This industry encompasses technologies designed to automate inventory management and retrieval processes in warehouses and distribution centers. The sector includes a variety of systems such as carousels, vertical lift modules, and robotic shuttles, which enhance operational efficiency, reduce labor costs, and optimize storage space. ASRS is pivotal in sectors like manufacturing, retail, and logistics, driven by the growing demand for automation, e-commerce expansion, and supply chain optimization.

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The ASRS industry is witnessing robust growth, propelled by the need for efficient inventory management and space optimization. Unit load ASRS systems lead the market, driven by their capacity to handle large volumes and heavy loads, thus catering to industries like automotive and electronics. Mini-load ASRS systems follow as the second-highest performing sub-segment, offering flexibility and speed for smaller items, crucial for e-commerce and retail sectors. Geographically, North America is at the forefront, benefiting from technological advancements and a strong logistics infrastructure. Europe ranks as the second-leading region, with its focus on automation and smart warehousing solutions. Within these regions, the United States and Germany are key players, leveraging their industrial prowess and innovation capabilities. Asia-Pacific is emerging rapidly, fueled by manufacturing growth and increasing investments in automation, particularly in China and Japan, which are pivotal markets within the region.

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In 2023, the Automated Storage and Retrieval Systems (ASRS) industry displayed robust segmentation, with the unit load ASRS segment capturing a substantial 45% of the market share. This was followed by the mini-load ASRS at 30%, and the vertical lift module segment at 15%. The remaining 10% was divided among other specialized ASRS types. The industry saw a volume of 300,000 units, expected to rise to 500,000 units by 2033. The dominance of the unit load segment is attributed to its efficiency in handling large volumes and its prevalence in industries such as automotive and food & beverage.

The competitive landscape is shaped by key players like Daifuku Co., Ltd., and Swisslog Holding AG, who are continually innovating to maintain market leadership. Regulatory frameworks, particularly in regions like the EU and North America, emphasize automation and safety standards, impacting operational strategies. The future outlook for the ASRS market remains promising, with a projected CAGR of 10% from 2023 to 2033. This growth is driven by increasing e-commerce demand and technological advancements such as AI integration. However, challenges such as high initial costs and integration complexities persist. Investment in R&D and strategic partnerships will be crucial for capturing emerging opportunities in this dynamic sector.

The ASRS industry is witnessing significant growth across various regions. North America stands as a prominent market, driven by the demand for automation in warehouses and distribution centers. The United States leads this growth due to its early adoption of advanced technologies and the presence of key market players.

Europe follows closely, with countries like Germany and the United Kingdom investing in ASRS to enhance operational efficiency. The focus on Industry 4.0 and smart logistics solutions further propels the market in this region. The European market is also supported by the increasing trend of e-commerce, necessitating efficient storage solutions.

Asia Pacific is experiencing rapid expansion in the ASRS industry, primarily due to the booming e-commerce sector in China and India. The region’s growing manufacturing sector also contributes to the demand for automated storage solutions. Government initiatives supporting industrial automation further boost the market.

Latin America and the Middle East & Africa regions are gradually adopting ASRS technologies. In Latin America, Brazil and Mexico are key contributors, driven by the modernization of logistics infrastructure. The Middle East & Africa region sees growth due to the expansion of the retail and manufacturing sectors, with the United Arab Emirates and South Africa leading the charge.

The ASRS industry is witnessing transformative shifts in market dynamics. The integration of advanced technologies like artificial intelligence and machine learning is enhancing system efficiency and accuracy. These innovations are driving a surge in demand, particularly in sectors such as e-commerce and manufacturing, where rapid and precise inventory management is crucial. Companies are increasingly investing in ASRS to optimize their supply chain operations, reduce labor costs, and improve warehouse space utilization. This trend is expected to significantly expand the market size over the coming years.

Pricing strategies in the ASRS industry are influenced by customization levels and technology integration. Systems that incorporate sophisticated software solutions and robotics command premium pricing. However, the growing competition among key players is exerting downward pressure on prices, making ASRS more accessible to small and medium-sized enterprises. Additionally, the push for sustainability is prompting manufacturers to develop energy-efficient systems, which, although initially more expensive, offer long-term cost savings.

#Automation #ASRS #Warehousing #SupplyChain #SmartLogistics #Industry40 #EcommerceGrowth #StorageSolutions #InventoryManagement #RetailTech #ManufacturingInnovation #LogisticsEfficiency #TechIntegration #AIinLogistics #FutureOfWarehousing

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Vertical Mast Lifts Market 2024 : Size, Growth Rate, Business Module, Product Scope, Regional Analysis And Expansions 2033

The vertical mast lifts global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Vertical Mast Lifts Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -

The vertical mast lifts market size has grown strongly in recent years. It will grow from $1.29 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to expansion of the construction industry, rise in urbanization, increase in safety regulation enhancements, increase in industrial automation, rise in infrastructure development projects, and the growing need for efficient material handling solutions.

The vertical mast lifts market size is expected to see strong growth in the next few years. It will grow to $1.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to growing construction industry, rising demand for efficient material handling solutions, increasing safety regulations, expand in warehousing and logistics sectors, rise in the need for space-saving lifting equipment in urban settings, and increasing focus on worker safety and productivity. Major trends in the forecast period include technological advancements, adoption of IoT and automation, advancements in eco-friendly designs, and advancements in material handling solutions, and automation in equipment's.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -

The rise in construction activities is expected to propel the growth of the vertical mast lift market going forward. Construction activities encompass planning, executing, and completing projects to construct or renovate buildings, infrastructure, and facilities. The rise in construction activities is often due to a strong economy, growing populations, increasing public infrastructure projects by the government, and expansion of real estate. Vertical mast lifts are versatile tools widely used in construction activities due to their compact design, ease of mobility, and ability to provide safe access to elevated work areas. Their ability to enhance safety, mobility, and efficiency makes them an invaluable tool on construction sites. For instance, according to the Office for National Statistics (ONS), a UK-based non-ministerial department, annual new construction orders surged by 11.4% in 2022 compared to 2021, marking a historic peak of £80.837 billion ($102.16 billion). Therefore, the rise in construction activities is driving the growth of the vertical mast lift market.

Market Trends -

Major companies operating in the vertical mast lift market are developing innovative products based on self-propelled, tracked aerial work platforms to enhance versatility and performance. The inclusion of self-propelled technology ensures ease of maneuverability, while the tracked platform offers superior traction and stability, making these lifts suitable for indoor and outdoor applications. For instance, in April 2024, Platform Basket, an Italy-based aerial lift manufacturing company, launched Spider 54T, an advanced version of its Heren 10 vertical mast lift at Intermat, designed for the French market. The Spider 54T is a high-tech aerial work platform for heavy-duty lifting and versatile operations. Its features make it suitable for various industries, including construction, infrastructure maintenance, telecommunications, and industry. The new Heron 10 SB, redesigned for the French market, has been simplified by removing the stabilization system, radio control, interchangeable battery, and winch from the original Heron 10 model.

The vertical mast lifts market covered in this report is segmented –

1) By Type: Electric Driven, Engine Driven, Other Types

2) By Working Height: Less Than 6m, 6.1m To 9m, 9.1m To 12m, Above 12m

3) By Capacity: Less Than 100kg, 100kg - 150kg, 150kg - 250kg, 250kg And Above

4) By End User: Aviation, Construction And Mining, Media And Entertainment, Government, Industrial Manufacturing, Warehouse And Logistics, Other End-Users

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Regional Insights -

North America was the largest region in the vertical mast lifts market in 2023. The regions covered in the vertical mast lifts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -

Major companies operating in the vertical mast lifts market are Tadano Ltd., Zoomlion Heavy Industry Science and Technology Co. Ltd., Terex Corporation, Manitou Group, Palfinger AG, Zhejiang Dingli Machinery Co. Ltd., Haulotte Group, JLG Industries Inc., Aichi Corporation, Niftylift Ltd., Altec Industries Inc., Bronto Skylift Oy Ab, Snorkel, Bravi Platforms, Mantall Heavy Industry Co. Ltd., TIME Manufacturing Company Inc., Omme Lift A/S, Skyjack Inc., TEUPEN Maschinenbau GmbH, Sinoboom Intelligent Equipment Co Ltd., CTE Group SA, MEC Aerial Work Platforms, Ruthmann Reachmaster NA LP, Imer International S.P.A, Iteco

Table of Contents

1. Executive Summary

2. Vertical Mast Lifts Market Report Structure

3. Vertical Mast Lifts Market Trends And Strategies

4. Vertical Mast Lifts Market – Macro Economic Scenario

5. Vertical Mast Lifts Market Size And Growth

…..

27. Vertical Mast Lifts Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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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

The novel offering by The Insight Partners on- “ Vertical Lift Module (VLM) Market Industry Analysis| 2025” unfolds different prospects of the market. This market study provides an overview of the industry and later dives into details such as market size, shares, CAGR estimates, and revenue forecasts. The research is capable of providing a thorough understanding of key drivers and challenges…

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The Automated Storage and Retrieval System Market is Segmented by Product Type (Fixed Aisle System (Stacker Crane (Unit Load, Mini Load), Shuttle System (Pallet Loads, Totes, Crates)), Vertical Lift Modules), End-user Industry (Manufacturing Environments (Automotive, Food and Beverages, Life Sciences), Non-manufacturing Environments (General Merchandise, Logistics and Warehousing, Airports)), and Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Rest of Latin America), Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East and Africa).

Download Free Sample Report - Automated Storage and Retrieval System Market

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ASRS Market by Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load, Auto Store), Application (Storage, Order Picking, Distribution, Assembly, Kitting, Others), by end user (Automotive, Metals and Heavy Machinery, Food and Beverages, Chemicals, Healthcare, Semiconductors and Electronics, Retail, Aviation, E-Commerce, and Others)

by region (United States, Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa)

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Vertical Lift Module Market Size and Share

Global Vertical Lift Module Market Overview:

The Global Vertical Lift Module Market size is predicted to reach $1.8 billion by 2023, rising at industry improvements of 11.1% CAGR during the expectation period. A storage equipment containing two parallel columns, which are furthermore put into fixed shelf destinations with the potentiality to contain a single storage area feature which includes a tray or simply tote is regarded as a Vertical Lift Module. These modules market items on trays and the deliver them to an ergonomically positioned work improve and thus all the functionalities are activated with the touch of a button on a control device. VLMs are majorly used in get finding, consolidation, kitting, elements utilizing, buffering, inventory storage, buffer storage, and then for integrated tasks. The adoption of the technology provides more effective floor spacing, improves labor productiveness, progress organization ergonomics, as well as manages on-going methods. 

The Europe market helps the leading market publish in Global Vertical Lift Module in Retail & E-Commerce Trend by Region in 2016, and might continue to be a predominant industry till 2023; rising at a CAGR of 8.2 % during the forecast period. The North America market is anticipated to recognize a CAGR of 11.2% during 2017 – 2023 in Global Vertical Lift Module in Metals & Heavy Devices Industry. In addition to, The Asia Pacific market seems to witness a CAGR of 12.3% during 2017 – 2023 in Global Vertical Lift Module in Food & Beverages Market.

The Single-Level Delivery industry retains the leading industry distribute in Global Vertical Lift Module Market by Delivery Type in 2016, and would can be a dominant market till 2023. The Dual-Level Delivery market would garner market place value of $735.0 million by 2023.

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Latin America & Africa Automated Storage Retrieval Systems Market - Forecast(2022 - 2027)

Latin America and Africa Automated Storage and Retrieval Systems Market Overview

Latin America & Africa Automated Storage Retrieval Systems Market size was valued at $862.9 million in 2020, and it is estimated to grow at a CAGR of 5.5% during 2021-2026. Growing implementation of material handling solutions in industries have provided opportunities for storage and material handling systems systems mainly vertical modules which drives the market in near future. Vertical lift modules are ideally suitable for storing and picking small parts in assembly plants of various industries and this further boosts the demand for Latin America & Africa Automated Storage Retrieval Systems industry. Emerging out of the high initial cost of AS/RS is the need to make profits. The costs for these vertical lift module (VLM) systems have come down significantly in the recent years but are not enough to convince the small and medium logistic operators to compel them to install it. Also, the AS/RS return on investment (ROI) generally lies in the period of 5 to 7 years which deters market significantly. In long-term, the AS/RS prove to be a significant value addition product by providing several advantages over a manual labor in terms of operating costs and productivity but the initial skepticism associated with AS/RS ROI still looms over the strategies of operators, thus acting as a hindrance to the market emergence.

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Report Coverage

The report: “Latin America and Africa Automated Storage and Retrieval Systems Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Latin America and Africa Automated Storage and Retrieval Systems Market

By Type: Vertical Lift Modules (VLM), Carousels, Unit Load AS/RS, Mini Load AS/RS, Micro Load. By Equipment: Storage Aisles, Rack Structure and Storage/Retrieval Machine. By End User: Automotive, Chemical, Food and Beverage, Semiconductors and Electronics, Life Sciences, Aerospace, E-Commerce, Logistics and Distribution, Others. By Function: Storage, Order Picking, Kitting, Assembly, Consolidation, Replenishment, Others. By Geography: Latin America (Brazil, Mexico, Argentina, Chile, Colombia and Others), Africa (Nigeria, South Africa, Egypt and Others),

Key Takeaways

Latin America and Africa Automated Storage and Retrieval Systems Market in Latim America region held significant market share of 88% in 2020. Rise in adoption of big data technologies among organizations to enhance the consumer target marketing and risk management abilities is expected to boost the growth of the automated storage and retrieval system market. E-Commerce sector in automated storage systems is expected to witness a highest CAGR of 10.9% the forecast period as the e-commerce companies are investing in systems that can efficiently handle a high volume of small, multiple item orders. The Vertical lift module (VLM) segment is growing at a significant CAGR of 10.7% in the forecast period as it is designed to deliver stored items to the operator by eliminating walk and search time. The adoption of automated systems has multiplied significantly with the increase in need for automation in all industrial sectors. Organizations are inclining toward adopting automation solutions to automate their processes to deliver high-quality products, increase their manufacturing capabilities and efficiently manage their processes.

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Latin America and Africa Automated Storage and Retrieval Systems Market Segment Analysis - By Type

The Vertical lift module (VLM) segment has held significant market share of 35.1% in the forecast period as it is designed to deliver stored items to the operator by eliminating walk and search time. In addition, this module also increases productivity up to 67% and saves up to 85% of the floor space. Unit load AS/RS systems are majorly used for handling exceptionally large and heavy loads ranging from 1,000 to 5,000 pounds. Unit load AS/RS is mainly helpful when pallet level storage is limited and quick retrieval is critical as they are bigger systems. Increased labor cost and space requirements have created demand for the adoption of unit-load AS/RS which set to drive the market. Moreover, these systems can be used in collaboration with other material handling solutions including conveyors, robotic work stations and Automated Guided Vehicles (AGV) to completely automate the facility. These systems make the overhead space into productive storage space. Further they have a small footprint and thus are perfect choice for point-of-use storage space in assembly operations and value-added manufacturing. Hence these factors are analysed to drive the market growth in the forecast period 2021-2026.

Latin America and Africa Automated Storage and Retrieval Systems Market Segment Analysis - By Vertical E-Commerce sector in automated storage systems is expected to witness the highest CAGR of 10.9% the forecast period 2021-2026. Growing demand for faster deliveries have been providing opportunities for E-Commerce companies in order to focus on enhancing the order fulfillment processes to meet customer demand. AS/RS also assists retailers and e-commerce companies in maintaining track of product expiry dates and inventory in the store. Increasing adoption of AS/RS for easy picking and placing pallet applications for efficient method of operations, and optimum use of resources is poised to fuel the market. The improved order fulfillment offered by these systems has resulted in their fast adoption in this industry. The growth of the semiconductor and electronics industry has spurred the demand for automated storage and retrieval systems in the region as well as globally. Furthermore, the growing demand for safety and control systems in the industrial and manufacturing sectors will significantly propel the market. The growing wages will also result in a shift to automation in order to reduce the compensation provided to the workers and this further propels the market. Moreover, the automotive industry is showing growth mainly due to the high demand for electric vehicles and demand for automobile parts. The growing automation in this sector is set to spur automated storage market.

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Latin America and Africa Automated Storage and Retrieval Systems Market Segment Analysis - By Geography

Latin America and Africa Automated Storage and Retrieval Systems Market in Latin America region held significant market share of 88% in 2020. Presence of major players and expansion of global companies in Latin America region have been driving the market owing to high investments and funding for the adoption of automation technology. Additionally, increasing automotive production in Brazil and in other Latin American countries further boost the market. There has been increasing adoption of automation technologies in various industries and this has been driving the AS/RS market. As automation technology can prevent major renovations to existing facilities by utilizing the vertical space, there is reduction in utilization of floor space by up to 85% and labor requirements up to 2/3. Increasing investments for automation technologies and adoption of high efficiency equipment is set to fuel the market.

Latin America and Africa Automated Storage and Retrieval Systems Market Drivers Increasing adoption of AS/RS in automotive industry

Increasing adoption of automation technology in various industries such as automotive, aerospace, food and beverage, medical and other industries have been fueling the market. There has been shifting focus towards AS/RS applications from human based forklifts in automotive industry owing to integration of programmable logic controllers (PLC), machine level control simulation and other technologies. This has increased the demand for AS/RS systems in automotive sector thereby driving the market. Moreover, multichannel automated storage and retrieval systems have gained prominence in this sector due to their impeccable order fulfilment capabilities. Warehouse automation has been on the rise as automotive industry has high penetration of automated systems in recent years.

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Multichannel supply-chain strategy in retail to drive the AS/RS market:

The multichannel supply chain strategy is an increasing trend in the current times, particularly among the retail sector. Under this strategy, the companies are aiming at creating an “in-house” distributing facility for order fulfilment operations instead of outsourcing it to third part logistics (3PL). By building an in-house distribution centres, companies are aiming at handling both store and individual orders in a same facility thus saving significant costs on distribution performance. In today’s world, the retail distribution centres are not limited to as an intermediate phase for storing and shipping the goods. The rise of retail sector facilitated by the boom in electronic commerce has already witnessed major changes in the retail distribution centres including mass personalization and up surged customer services requirements which has led to an exponential growth in the stock keeping units (SKUs). As the regional economy progresses gradually, the retail sector will observe a boost in the demand of goods that will require proper integration of new automation technologies to maintain demand and supply balance which will be a notable for the emergence of automated storage & retrieval systems market.

Latin America and Africa Automated Storage and Retrieval Systems Market Challenges

Delayed return on investment (RoI) model constricting the emergence of AS/RS Set up of automated storage retrieval systems include high capital investment. In additional to these, there are other cost involved including technology, accompanying software, delivery and installation, updated training and regularly scheduled maintenance. For instance, the minimum cost of vertical carousels ASRS system is $70, 000, whereas unit load ASRS cost starts from $4,000,000. This restricts the adoption of AS/RS systems by small and medium sized companies, thereby hampering the growth of the market.

Latin America and Africa Automated Storage and Retrieval Systems Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Latin America and Africa Automated Storage and Retrieval Systems Market. Automated Storage and Retrieval Systems top 10 companies include Bastian Solutions, Inc., Beumer Group, Daifuku Co., Ltd., Dematic, Honeywell Intelligrated, Kardex Group, KNAPP AG, Murata Machinery, Ltd., SSI Schaefer Group, TGW Logistics Group among others.

Acquisitions/Product Launches

In 2019, Knapp partnered with kratzer Automation, logistic software company to enhance Knapp’s portfolio in the last mile area to make the supply chain (logistic facility) more efficient. In 2019, TGW partnered with Kellner and Kunz, a tools and fastening technology Company to expand its automation services to Austria and also help Kellner and kunz to expand its warehouse by adding State of art automation.

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Global Automated Storage and Retrieval System Market Size, Share and Demand Forecast to 2028

The Global Automated Storage and Retrieval System Market research report 2022-28 has been released with several updates and analysis of market trends, share, size, demand, growth, challenges, opportunities and pre and post COVID-19 impacts.

Key Highlights of the Global Automated Storage and Retrieval System Market report

The projection period for this global market to grow is 2022-2028

The Global Automated Storage and Retrieval System Market size is estimated to reach USD 13.4 billion by 2028.

The market is projected to grow at a 7.9% CAGR

Covid-19 analysis and its impact on the market

Industry ecosystem to competitive landscape’s curial role in growth role

Challenges and opportunities to get boost from recent developments and technology advancement

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Market segment analysis

The Global Automated Storage and Retrieval System Market is segmented into these categories for this analysis: Load, Type, Application, End-Use Vertical and Geography. This segmentation allows executives to plan their products and spending based on the expected growth rates of each area: -

By Load (Unit Load ASRS (Fixed-Aisle ASRS and Movable-Aisle ASRS), Mid Load ASRS, and Mini Load ASRS)

By Type (Vertical Lift Modules (VLM), Carousel (Horizontal Carousel and Vertical Carousel), Crane-Based, Vertical Buffer Modules, Floor Robots, and Robotic Shuttles)

By Application (Storage, Order Picking, Kitting, Buffering, and Others)

By End Use Vertical (Semiconductor & Electronics, Automotive, Retail and Warehousing, General Manufacturing, Chemical, Rubber and Plastics, Aviation, Food and Beverage, Healthcare and Pharma, Postal and Parcel, and Others)

By Region (North America, Europe, Asia-Pacific (APAC), Rest of the World (RoW))

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The Global Automated Storage and Retrieval System Market’s competitive viewpoint

This research is an invaluable resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach in the current Market scenario. While focusing on top companies and their corporate strategies, market presence, operating segmentation, aggressive outlook, geographical expansion, pricing and value structures, the study painstakingly takes into account the market analysis. The major market players are: -

Daifuku Co., Ltd.

Dematic (Acquired by Kion Group AG)

KNAPP AG

BEUMER GROUP

System Logistics S.p.A.

Murata Machinery, Ltd.

Kardex

SSI Schaefer AG

Mecalux, S.A.

Honeywell International Inc.

 

Reason to buy this report

The report is unbiased and it provides the deep insight of global market including competitive and geographical landscape.

The report enlightens the large patterns, causes, and impact factors globally and locally.

Insightful study drills-out the main players of the global market and, their sources of income, share of the market, and the current course of events.

It looks into significant developments such as extensions, agreements, new product launches, and acquisitions on the horizon.

Research the market's potential, preferred position, opportunity, difficulty, restrictions, and hazards on a global and regional level.

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Vertical Lift Module (VLM) Market to 2025 - Global Analysis

The “Vertical Lift Module Market to 2025 by End-users (Automotive, Electronics, E-Commerce, Food & beverage, Pharmaceuticals, Logistics, Aerospace, Retail and Others) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of Vertical Lift Module market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant vertical lift module players in the market and their key developments.

The Vertical Lift Module Market is US$ 743.8 million in 2016 and is estimated to reach US$ 1667.6 million by 2025. 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. Also, the modular structure of these systems ensure flexibility and scalability. Thus, need for fast, space efficient, and cost effective storage systems along with maximum throughput and productivity, is driving the market for vertical storage solutions, across most of the end-user industries. Furthermore, broader product mixes and assortments for consumer based goods are demanding for a systematic storage warehouses where time and cost savings can be achieved. Consequently, these factors are driving the vertical lift module market by a CAGR of 9.5% between 2017 and 2025.

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Vertical Lift Module market can be further segmented by end-users into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, retail and others (agriculture, construction, oil & gas). Some of the major players influencing Vertical Lift Module market are Hanel Storage Systems, Interlake Mecalux, Kardex Group, AutoCrib, Inc. (Lauyans & Co.), MDCI Automation, SencorpWhite, System Logistics SpA, SSI Schaefer Systems International, Effimat Storage Technology, Constructor Group that includes Kasten and Dexion, Weland Lagersystem AB, Modula S.p.A, Ferretto Group SpA, ICAM srl and Zechetti S.R.I among others.

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Vertical Lift Module Market Latest Innovations, Future Scope and Market Trends

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 comprises of storage systems that are automated and on operators commands are used for either storage or retrieval of products inside a warehouse for optimization and space efficiency needs. The space efficiencies achieved coupled with rising demands for strategically managed SCM by various end-user industries especially retail, e-commerce, and logistics are drastically creating opportunities for implementations of such storage systems in the recent times. Europe, being a technologically advanced region along with high number of small and large enterprises, has witnessed highest adoptions of vertical lift modules by various organizations. North America is the second largest adopter of vertical lift module solutions, while APAC region with growing numbers of various organizations and increasing technological trends lags behind the above two regions. Global vertical lift module market is expected to grow from US$ 743.8 million in 2016 to US$ 1667.6 million by 2025 at a CAGR of 9.5% between 2017 and 2025.

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The Vertical Lift Module Market is US$ 743.8 million in 2016 and is estimated to reach US$ 1667.6 million by 2025. 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. Also, the modular structure of these systems ensure flexibility and scalability. Thus, need for fast, space efficient, and cost effective storage systems along with maximum throughput and productivity, is driving the market for vertical storage solutions, across most of the end-user industries. Furthermore, broader product mixes and assortments for consumer based goods are demanding for a systematic storage warehouses where time and cost savings can be achieved. Consequently, these factors are driving the vertical lift module market by a CAGR of 9.5% between 2017 and 2025.

Vertical Lift Module market can be further segmented by end-users into automotive, electronics, food & beverage, e-commerce, aerospace, logistics, pharmaceuticals, retail and others (agriculture, construction, oil & gas). Some of the major players influencing Vertical Lift Module market are Hanel Storage Systems, Interlake Mecalux, Kardex Group, AutoCrib, Inc. (Lauyans & Co.), MDCI Automation, SencorpWhite, System Logistics SpA, SSI Schaefer Systems International, Effimat Storage Technology, Constructor Group that includes Kasten and Dexion, Weland Lagersystem AB, Modula S.p.A, Ferretto Group SpA, ICAM srl and Zechetti S.R.I among others.

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VLM systems also play important role in robotics; where they are used to guide the autonomous robots called as ‘self-navigating robots’. Various industries such as electronics, automotive, aerospace, food & beverage, pharmaceuticals and electronics are pretty concerned about reducing labor intensive processes, increasing accuracy and speed for the task of storage and then retrieval of their products whenever required. VLMs are highly flexible and can be relocated.

The global Vertical Lift Module market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe region is expected to account for the largest share of the global vertical lift module market in 2016, followed by North America. Germany being the key automotive hub in European region is expected to lead the vertical lift module market in this region, and is also expected to continue dominance throughout the forecast period from 2017 to 2025.

List of companies

1. Hanel Storage Systems

2. Interlake Mecalux

3. Kardex Group

4. AutoCrib, Inc. (Lauyans & Co.)

5. MDCI Automation (Sapient Automation)

6. SencorpWhite

7. System Logistics Spa

8. SSI Schaefer Systems International

9. EffiMat Storage Technology A/S

10. Constructor Group AS (Kasten and Dexion)

11. Weland Lagersystem AB

12. Modula S.p.A

13. Ferretto Group Spa

14. ICAM srl

15. Zecchetti s.r.l.

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