Global Market Study on Vertical Lift Module: High Accuracy and Productivity in Warehouse Management to Drive Demand in the Near Future


Vertical Lift Module  Market
  • Published On : Aug-2018 |
  • Pages : 267 Pages |
  • Format :

Persistent Market Research (PMR) analyses the vertical lift module market in its new publication titled “Vertical Lift Module Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment, 2018 – 2026”. This study provides data for 2017 along with a forecast for the period 2018 to 2026. The main objective of the report is to study the vertical lift module market dynamics and provide recent updates and insights pertaining to various segments of the global vertical lift module market. To provide a better understanding of the vertical lift module market, the report also includes an analysis of drivers, restraints and trends that influence the current market scenario and are expected to impact the global vertical lift module market over the forecast period. The study provides data for 2017 along with a comprehensive forecast for the period 2018–2026.

Vertical Lift Module Market: Segmentation

Height

Bay Type

Delivery Type

  • <10 mts
  • 10mts to 15mts
  • >15 mts
  • Interior Picking
  • External Picking
  • Single Delivery Type
  • Dual Delivery Type

 

Per Tray Load Capacity

End Use

Region

  • Upto 300 Kgs
  • 300 kgs to  500 kgs
  • >500 kgs
  • E Commerce
  • Automotive
  • Machinery and Heavy Equipment
  • Food & Beverages
  • Chemicals
  • Healthcare
  • Electronics & Semiconductors
  • Aviation
  • Others
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East Africa

Vertical Lift Module Market: Report description

To understand and assess market opportunities and trends, the global vertical lift module market report has categorically been split into different sections based on height, tray load, bay type, end-use, delivery type and regions. The vertical lift module market report starts with a market overview and provides market definition and taxonomy along with supply chain, drivers, restraints and trends in the market. The sections that follow include global vertical lift module market analysis by height, tray load, bay type, end-use, delivery type and regional/country. All the above sections evaluate the vertical lift module market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global vertical lift module market. To give a brief idea about the revenue opportunities from end-use and region/country-wise segments, the vertical lift module market report also provides market value (US$ Mn) data, absolute $ opportunity and the total incremental opportunity for each segment over the forecast period (2018-2026).

In the final section of the vertical lift module market report, we have provided a detailed competition landscape with overall market structure and company market share and performance to provide the report audience with a dashboard view of key players operating in the global vertical lift module market along with their business strategies. This would enable clients to assess strategies deployed by vertical lift module market leaders and help them develop effective strategies accordingly.

Vertical Lift Module Market: Research Methodology

For vertical lift module market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and forecasts made for 2018–2026. The report considers the market size of the vertical lift module market at a global level, and splits & evaluates the market at a regional level. The forecast assesses the total revenue (US$ Mn) of the global vertical lift module market. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global vertical lift module market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics operating in various regional vertical lift module markets, along with primary interviews of vertical lift module manufacturers, distributors & suppliers and industry experts operating in the global vertical lift module market. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regard to vertical lift module and the expected market value in the global vertical lift module market over the forecast period.

We have also analysed the different segments of the global vertical lift module market in terms of basis point share (BPS) to understand an individual segment’s relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global vertical lift module market. The report also analyses the global vertical lift module market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast; however, from a business development perspective, it is essential to identify absolute dollar opportunity as it is crucial to identify potential resources in the vertical lift module market. Moreover, PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global vertical lift module market. The market attractiveness index would help clients identify real market opportunities in the global vertical lift module market.

A vertical lift module is an enclosed system that consists of two columns of trays with an extractor/inserter in the center. Vertical lift modules are available in various widths and heights to meet every application.

The global vertical lift module market is estimated to be valued at US$ 836.5 Mn by 2018 end and is expected to reach US$ 1,517.7 Mn by the end of 2026, while expanding at a CAGR of 7.7% over the forecast period. The global vertical lift module market is anticipated to represent an incremental opportunity worth US$ 681.2 Mn between 2018 and 2026. In terms of volume, the global vertical lift module market is estimated to reach 16,362 units by 2018 end and increase to 28,738 Units by 2026, while exhibiting a CAGR of 7.3% over the forecast period.

Increasing demand from End -Use Sectors

Automotive dealership departments and manufacturers share a common challenge in terms of storage, distribution and sales of parts. To overcome these challenges, many suppliers are taking benefit of filly automated vertical storage systems to considerably improve customer satisfaction and achieve higher profit margins from both their service and parts departments. Most of the automated dealers are now opting for vertical storage systems within their part departments, which, in turn, will spur the demand in this market.

Similarly, increasingly stringent legislations and the demand for a secure and safe inventory are pushing companies in the pharmaceutical and medical industries to implement lean inventory and logistic models. Medical device and pharmaceutical industries are looking at every possible way of cost optimization, which, in turn, is diving the demand in the vertical lift module market.

vertical lift module market

Single Level Delivery Type Segment to register a relatively High Value and Volume CAGR among all segments of Vertical lift module market by delivery type

On the basis of delivery type, the global vertical lift module market has been segmented into single delivery and dual delivery vertical lift modules. Among these two, the single level delivery vertical lift module segment accounted for a 68.4% share in 2017 in terms of value. The dual level delivery segment of the vertical lift module market is expected to grow and account for a sizable share in the overall vertical lift module market by the end of the forecast period, owing to the high demand from automotive and machine heavy equipment.

Europe dominates the Market, followed by North America, in terms of Consumption of Vertical Lift Modules

The Europe vertical lift module market accounts for a value share of 37.7% in 2018 and is projected to maintain its dominance in the global vertical lift module market during the forecast period. The North America vertical lift module market is projected to represent a significant incremental opportunity between 2018 and 2026 and expand at a significant CAGR in terms of value and volume over the forecast period. Sales of vertical lift modules in MEA is projected to represent a total incremental opportunity of US$ 29.0 Mn between 2018 and 2026, while the MEA vertical lift module market is projected to expand at moderate CAGR in terms of value over the forecast period.

Market Participants in the Global Vertical Lift Module Market

Some of the market participants reported in this study of global vertical lift module market include Hanel GmbH & Co. Kg, Modula Inc., Weland Lagersystem AB, EffiMat Storage Technology A/S, DMW&H, Automha SPA, ICAM Srl, Daifuku Co. Ltd., Kardex Group (Remstar), Systems Logistics SPA, Schafer Systems International, Inc., Ferretto Group S.P.A. and others.

Prominent manufacturers of vertical lift modules are found to be involved in the development of new and innovative vertical lift modules and acquisition activities to enhance their market presence across the vertical lift module market. Also, a well-structured and efficient supply chain along with an improved retailing network for vertical lift modules are the major growth strategies being opted by vertical lift module manufacturers for reaching out to customers.

Company Profiles

  • Hanel GmbH & Co. Kg.
  • Modula Inc.
  • Weland Lagersystem AB
  • EffiMat Storage Technology A/S
  • DMW&H
  • Automha SPA
  • ICAM Srl
  • Constructor Group (Gonvarri Mat
  • Daifuku Co. Ltd.
  • Jungheinrich AG
  • EBHARDT Fördertechnik GmbH
  • Systems Logistics SPA
  • Kardex Group (Remstar)
  • Schafer Systems International,
  • Ferretto Group S.P.A.
  • Others.
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