Vertical Lift Module Market Size & Share, by Delivery Type (Single-Level, Dual-Level); Storage Type (Non-Refrigerated, Refrigerated); Maximum Load Capacity (Below 20 Tons, 20 Tons to 40 Tons, Above 40 Tons); Configuration (Internal Bay, External Bay); Industry (Automotive, Healthcare, Metals & Machinery, Food & Beverages, Chemicals, Semiconductor & Electronics, Aviation, E-Commerce) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5252
  • Published Date: Sep 20, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

Vertical Lift Module Market size is expected to surpass USD 4.4 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of vertical lift module was over USD 1.5 Billion. The growth of VLMs will be fueled by the expansion of the retail industry. Warehouse services, which mainly rely on vertical lift modules, are growing along with retail. Ahold Delhaize USA and Americold will construct two fully automated frozen warehouses, it was announced in May 2020. The goal of the initiative is to boost cold-storage capacity by 24 million cubic feet, or 500,000 square feet, by constructing the two frozen facilities in collaboration with Americold. By 2020, e-commerce's percentage of retail sales is expected to jump from 16% to 19%, according to UNCTAD.

The strict government rules for improving workplace safety are also a significant component driving the market. Workers must wear safety fall protection, regardless of the fall distance, according to the Occupational Safety and Health Act's amended criteria. Because of this, worker safety—which deals with preventing any accidents or incidents—becomes crucial, which increases the use of vertical lift modules (VLM). According to ILO estimates, about 2.3 million men and women worldwide die from work-related illnesses or accidents each year, or more than 6000 people per day. Each year, there are over 160 million cases of work-related disease and 340 million occupational accidents worldwide.

Vertical Lift Module Market
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Vertical Lift Module Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Focus on Industrial Automation- During the predicted period, the growth of industry 4.0 has greatly accelerated the trend towards industrial automation. The sales of vertical lift modules have dramatically increased as a result worldwide. The market is expected to grow quickly over the next several years as a result of the benefits provided by vertical storage systems. The manufacturing sector will be most affected by automation, which has the potential to automate about 64% of all manufacturing processes worldwide. By automating 64% of manufacturing operations, the globe could save 749 billion working hours.
  • Continuous Innovation in Vertical Lift Modules- Strict security and control procedures are typical in the automotive sector. To prevent theft and preserve privacy, some of the parts and tools need to be stored properly and securely, and priceless assets need to be guarded and kept in a secure location. A total of 38,90,114 passenger vehicles were sold overall, up from 30,69,523. In comparison to the prior year, sales of passenger cars climbed from 14,67,039 to 17,47,376, utility vehicles from 14,89,219 to 20,03,718 and Vans from 1,13,265 to 1,39,020 units in FY-2022–23 in India.
  • Vertical Lift Modules Are Being Adopted Quickly in The Automotive Sector- Strict security and control procedures are typical in the automotive sector. To prevent theft and preserve privacy, some of the parts and tools need to be stored appropriately and securely, and significant assets need to be guarded and kept in a secure location.  In 2022, the US auto sector is anticipated to sell 13.75 million cars and light trucks. In 2022, there were 290.8 million registered automobiles in the country.


  • Expensive Vertical Lift- Pricing patterns suggest that the high cost of vertical lift modules is limiting industry growth. Costs for vertical lift modules are very high, which drives up overall business costs. The acquisition of brand-new vertical lift modules would demand a very high starting cost.
  • Lack of Qualified Personnel
  • The Availability of Second-Hand or Used Vertical Elevators.

Vertical Lift Module Market: Key Insights

Base Year


Forecast Year



~ 9%

Base Year Market Size (2023)

 ~ USD 1.5 Billion

Forecast Year Market Size (2036)

 ~ USD 4.4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Vertical Lift Module Segmentation

Delivery Type (Single-Level Delivery, Dual-Level Delivery)

The single-level delivery segment is expected to hold 58% of the vertical lift module market share owing to the increasing sales of automobiles and increasing demand for automotive parts, followed by the growing demand for quicker storage, and maximum storage space. As a result of the growing demand for single-level delivery systems, the vertical lift module market will expand the fastest. In 2021, 9.2 million US automobiles were made. In 2021, the US produced 9.2 million automobiles, up 4.5% from the previous year. Manufacturing of motor cars and their components employs 923,000 Americans, while auto dealers employ 1,251,600.

Storage Type (Non-Refrigerated Storage, Refrigerated Storage)

Vertical lift module (VLM) market from the non-refrigerated storage segment is expected to hold 68% revenue share. The best option for the industrial industries is non-refrigerated vertical lift module storage. The effective handling and storage of goods without the need for a temperature-controlled environment is necessary for non-refrigerated vertical lift module storage. With the biggest concentration in Asia and the largest market share for third-party logistics, there were 681,000 warehouses worldwide in 2020.

Our in-depth analysis of the global market includes the following segments:

    Delivery Type

  • Single-Level Delivery
  • Dual-Level Delivery

   Storage Type

  • Non-Refrigerated Storage
  • Refrigerated Storage

   Maximum Load Capacity

  • Below 20 Tons
  • 20 Tons to 40 Tons
  • Above 40 Tons


  • Internal Bay
  • External Bay


  • Automotive
  • Healthcare
  • Metals & Machinery
  • Food & Beverages
  • Chemicals
  • Semiconductor & Electronics
  • Aviation
  • E-Commerce

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Vertical Lift Module Industry - Regional Synopsis

European Market Forecast

Europe held the greatest portion of the vertical lift module market with a revenue share of around 33%. The promotion of new goods, technological improvements, and warehouse space optimization are the drivers that are fueling Europe's need for vertical lift modules. Europe is a market with enormous potential, and major industrial sectors like automotive and aviation have seen a surge in the number of vertical lift module installations in the region.

APAC Market Statistics

The Asia Pacific is estimated to hold 25% share of the global vertical lift module (VLM) market. The growth of the vertical lift module storage market in the APAC region is being fuelled by important factors such as the booming semiconductor and electronics industries, the rising need for warehousing management solutions, and automated material handling systems. For instance, as of March 31, 2022, Japan had about 138.33 thousand battery electric passenger automobiles, up from over 125.86 thousand the year before.

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Vertical Lift Module Market Size
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Companies Dominating the Vertical Lift Module Landscape

    • Kardex Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Modula INC.
    • Automha
    • Mecalux
    • Stanley Vidmar
    • AutoCrib, Inc
    • Hanel
    • The Slate River Systems Inc. (SRSI)
    • Ferretto Group S.p.a.
    • Scahefer Systems International, Plc

In the News

  • Koenig & Bauer ordered SSI LOGIMAT Vertical Lift Modules from SSI SCHAEFER. Koenig & Bauer (AT) GmbH takes a step further towards automation with SSI SCHAEFER and modernizes the Maria Enzersdorf location. The printing press manufacturer commissioned SSI SCHAEFER to supply and install a semi-automated solution with 13 SSI LOGIMAT Vertical Lift Modules for small parts vertical and efficient item picking.
  • SRSI (Slate River Systems, Inc.) announces their partnership with ICAM Intelligent Space Solutions. Known for their unique vertical lift module (VLM) systems, SRSI looks to use ICAM’s product for their integration solutions.

Author Credits:  Abhishek Verma

  • Report ID: 5252
  • Published Date: Sep 20, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing focus on industrial automation and rise of industry 4.0 are the major factors driving the growth of the vertical lift module market.

The market size of vertical lift module is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Modula INC., Automha, Mecalux, Stanley Vidmar, AutoCrib, Inc, Hanel, The Slate River Systems Inc. (SRSI), Ferretto Group S.p.a., Scahefer Systems International, Plc, and others.

The single-level delivery segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Vertical Lift Module Market Report Scope

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