Vertical Lift Module Market Share

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.

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 â€“ 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 Share