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Vertical Lift Module (VLM) Market by Delivery Type (Single-Level, Dual-Level), Storage Type (Non-Refrigerated, Refrigerated), Industry (Automotive, Metals & Machinery, Food & Beverages, Chemicals, Healthcare), and Region - Global Forecast to 2023

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Date: 15-Feb-2018
No. of pages: 134
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“The vertical lift module (VLM) market is expected to witness significant growth between 2018 and 2023”

The VLM market is expected to grow from USD 1,074.6 million in 2018 and reach USD 1,679.6 million by 2023, at a CAGR of 9.3% between 2018 and 2023.Key factors driving the growth of the VLM market include growing need to optimize warehouse floor space, benefits of deploying VLMs compared to standard shelving systems, rising warehouse rentals, and increasing focus on worker safety and security. However, the availability of used VLMs in the market is a major restraining factor for the growth of the market.

“The VLM market for dual-level delivery is expected to grow at a higher CAGR during forecast period”

The market for dual-level delivery type VLMs is expected to grow at a higher CAGR between 2018 and 2023. Manufacturing companies in semiconductor and electronics, aviation, healthcare, and automotive industries seek for ready availability of various components during the assembly of a product. Hence, these manufacturers prefer using dual-level VLMs for increasing the storage density and accessing the components at one place with ease.

“Non-refrigerated storage is expected to hold a larger share of VLM market between 2018 and 2023”

Non-refrigerated storage is expected to account for a larger share of the VLM market during the forecast period. Goods including steel molds, nuts, bolts, spare parts, components, and tools are not susceptible to changes in the temperature. These products can be stored at normal temperature conditions without the use of additional integrated equipment for temperature maintenance. Hence, non-refrigerated VLM systems are prominently used in many sectors for increasing productivity, reducing error rates, handling materials efficiently, increasing picking rate, and optimizing warehouse floor space.

“The VLM market in APAC is expected to grow at the highest CAGR during the forecast period”

The VLM market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Key factors such as growing automotive, and semiconductor and electronics industries; shortage of warehousing space; and huge growth potential for automated material handling systems contribute to the growth of the VLM market in APAC.

The break-up of the profiles of primary participants for the report has been given below.


  • By Company Type: Tier 1 – 50%, Tier 2 – 30%, and Tier 3 – 20%

  • By Designation: C-Level Executives – 55%, Directors– 25%, and Others – 20%

  • By Region: North America –30%, Europe – 40%, Asia Pacific – 25%, and RoW– 5%


Key players operating in the VLM market include Kardex (Switzerland), Haenel (Germany), System Spa (Italy), Ferretto (Italy), ICAM S.r.l. (Italy), Toyota Industries (Japan), AutoCrib (US), Automha (Italy), Constructor Group (Norway), Conveyor Handling Company (US), Green Automated Solutions (US), Lista (Switzerland), Mecalux (Spain), Stanley Vidmar (US), and Weland Lager system AB (Sweden).

Research Coverage:

The research report on the VLM market analyzes and forecasts the market based on delivery type, storage type, industry, and geography. Based on delivery type, the market has been segmented into single-level delivery and dual-level delivery. On the basis of storage type, the VLM market has been classified into non-refrigerated storage and refrigerated storage. Based on industry, the market has been segmented into automotive, metals and machinery, food and beverages, chemicals, healthcare, semiconductor and electronics, aviation, e-commerce, and other industries. Based on region, the market has been classified into4major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:


  • Illustrative segmentation, analysis, and forecast of the market based on delivery type, storage type, industry, and region have been conducted to offer an overall view of the VLM market.

  • The value chain analysis has been performed to provide an in-depth insight into the VLM market.

  • The report provides a detailed overview of major drivers, restraints, opportunities, and challenges influencing the growth of the VLM market.

  • The report also includes competitive landscape, along with in-depth analysis and revenue of key players.

Vertical Lift Module (VLM) Market by Delivery Type (Single-Level, Dual-Level), Storage Type (Non-Refrigerated, Refrigerated), Industry (Automotive, Metals & Machinery, Food & Beverages, Chemicals, Healthcare), and Region - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Primary Sources
2.1.3 Secondary & Primary Research
2.1.3.1 Key Industry Insights
2.1.3.2 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in VLM Market
4.2 VLM Market, By Delivery Type
4.3 VLM Market, By Storage Type
4.4 VLM Market, By Industry
4.5 VLM Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Need to Optimize Warehouse Floor Space
5.2.1.2 Benefits of Deploying VLM Compared to Traditional Shelving Systems
5.2.1.3 Rising Warehouse Rentals
5.2.1.4 Increasing Focus on Worker Safety and Security
5.2.2 Restraints
5.2.2.1 Availability of Used VLMs in the Market
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Customized Solutions
5.2.3.2 Integration of Robots With VLMs
5.2.4 Challenges
5.2.4.1 Risk of Downtime and Interrupted Operations in Case of Equipment Malfunction
5.2.4.2 Reluctance Among End-User Industries to Adopt VLM Due to the Necessary Changes in Infrastructure
5.3 Value Chain Analysis

6 Load Capacities of VLMs
6.1 Introduction
6.2 Up to 20 Ton
6.3 Up to 40 Ton
6.4 Up to 60 Ton

7 Functions of VLMs
7.1 Introduction
7.2 Order Picking
7.3 Batch Picking
7.4 Consolidation
7.5 Sortation
7.6 Storage

8 VLM Market, By Delivery Type
8.1 Introduction
8.2 Single-Level Delivery
8.2.1 Launch of Modula’s Single-Level VLM for Valuable and Susceptible Products
8.3 Dual-Level Delivery
8.3.1 Dual-Level VLM By Icam S.R.L. for Improving Picking Performance

9 VLM Market, By Storage Type
9.1 Introduction
9.2 Non-Refrigerated Storage
9.3 Refrigerated Storage

10 VLM Market, By Industry
10.1 Introduction
10.2 Automotive
10.3 Metals & Heavy Machinery
10.4 Food & Beverages
10.5 Chemicals
10.6 Healthcare
10.7 Semiconductor & Electronics
10.8 Aviation
10.9 E-Commerce
10.10 Other Industries

11 VLM Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Rest of Europe
11.4 APAC
11.4.1 China
11.4.2 Japan
11.4.3 Australia
11.4.4 India
11.4.5 Rest of APAC
11.5 RoW
11.5.1 South America
11.5.2 Middle East
11.5.3 Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis for VLM Manufacturers
12.3 Competitive Situations & Trends
12.3.1 Contracts
12.3.2 Product Launches & Developments
12.3.3 Expansions, Partnerships, & Acquisitions
12.3.4 Certifications

13 Company Profiles
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis & MnM View)*
13.1 Introduction
13.2 Key Players
13.2.1 Kardex
13.2.2 Haenel
13.2.3 System Spa
13.2.4 Ferretto
13.2.5 Icam S.R.L.
13.2.6 Toyota Industries
13.2.7 Autocrib
13.2.8 Automha
13.2.9 Constructor Group
13.2.10 Conveyor Handling Company
13.2.11 Green Automated Solutions
13.2.12 Lista
13.2.13 Mecalux
13.2.14 Stanley Vidmar
13.2.15 Weland Lagersystem
*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
13.3 Key Innovators
13.3.1 Midas Metcons
13.3.2 Vidir Machine
13.3.3 Effimat Storage Technology
13.3.4 Jungheinrich Ag
13.3.5 Ssi Schaefer

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customizations
14.6 Related Reports
14.7 Author Details

List of Tables

Table 1 VLM Market, in Terms of Value and Volume, 2015–2023 (USD Million and Units)
Table 2 VLM Market, By Delivery Type, 2015–2023 (USD Million)
Table 3 VLM Market for Single-Level Delivery, By Industry, 2015–2023 (USD Million)
Table 4 VLM Market for Single-Level Delivery, By Region, 2015–2023 (USD Million)
Table 5 VLM Market for Dual-Level Delivery, By Industry, 2015–2023 (USD Million)
Table 6 VLM Market for Dual-Level Delivery, By Region, 2015–2023 (USD Million)
Table 7 VLM Market, By Storage Type, 2015–2023 (USD Million)
Table 8 VLM Market, By Industry, 2015–2023 (USD Million)
Table 9 VLM Market for Automotive Industry, By Delivery Type, 2015–2023 (USD Million)
Table 10 VLM Market for Automotive Industry, By Region, 2015–2023 (USD Million)
Table 11 VLM Market for Metals and Heavy Machinery Industry, By Delivery Type, 2015–2023 (USD Million)
Table 12 VLM Market for Metals and Heavy Machinery Industry, By Region, 2015–2023 (USD Million)
Table 13 VLM Market for Food & Beverages Industry, By Delivery Type, 2015–2023 (USD Million)
Table 14 VLM Market for Food and Beverages Industry, By Region, 2015–2023 (USD Million)
Table 15 VLM Market for Chemicals Industry, By Delivery Type, 2015–2023 (USD Million)
Table 16 VLM Market for Chemicals Industry, By Region, 2015–2023 (USD Million)
Table 17 VLM Market for Healthcare, By Delivery Type, 2015–2023 (USD Million)
Table 18 VLM Market for Healthcare Industry, By Region, 2015–2023 (USD Million)
Table 19 VLM Market for Semiconductor and Electronics Industry, By Delivery Type, 2015–2023 (USD Million)
Table 20 VLM Market for Semiconductor and Electronics Industry, By Region, 2015–2023 (USD Million)
Table 21 VLM Market for Aviation Industry, By Delivery Type, 2015–2023 (USD Million)
Table 22 VLM Market for Aviation Industry, By Region, 2015–2023 (USD Million)
Table 23 VLM Market for E-Commerce Industry, By Delivery Type, 2015–2023 (USD Million)
Table 24 VLM Market for E-Commerce Industry, By Region, 2015–2023 (USD Million)
Table 25 VLM Market for Other Industries, By Delivery Type, 2015–2023 (USD Million)
Table 26 VLM Market for Other Industries, By Region, 2015–2023 (USD Million)
Table 27 VLM Market, By Region, 2015–2023 (USD Million)
Table 28 VLM Market in North America, By Country, 2015–2023 (USD Million)
Table 29 VLM Market in North America, By Delivery Type, 2015–2023 (USD Million)
Table 30 VLM Market in Europe, By Country, 2015–2023 (USD Million)
Table 31 VLM Market in Europe, By Delivery Type, 2015–2023 (USD Million)
Table 32 VLM Market in APAC, By Country, 2015–2023 (USD Million)
Table 33 VLM Market in APAC, By Delivery Type, 2015–2023 (USD Million)
Table 34 VLM Market in RoW, By Region, 2015–2023 (USD Million)
Table 35 VLM Market in RoW, By Delivery Type, 2015–2023 (USD Million)
Table 36 Ranking of Top 5 Players: VLM Market, 2016
Table 37 Contracts, 2015–2017
Table 38 Product Launches and Developments, 2015–2017
Table 39 Expansions, Partnerships, and Acquisitions, 2016–2017
Table 40 Certifications, 2015–2017

List of Figures

Figure 1 VLM Market Segmentation
Figure 2 VLM Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at Market Size
Figure 4 Top-Down Approach to Arrive at the Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions of Research Study
Figure 7 VLM Market Segmentation
Figure 8 Single-Level Delivery to Hold Larger Size of VLM Market in 2018
Figure 9 VLM Market for Refrigerated Storage to Grow at Higher CAGR During Forecast Period
Figure 10 VLM Market for Aviation Industry Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 11 Europe to Hold Largest Share of VLM Market in 2018
Figure 12 Growing Need to Optimize Warehouse Floor Space Expected to Boost the Adoption of VLMs
Figure 13 VLM Market for Dual-Level Delivery to Grow at Higher CAGR Between 2018 and 2023
Figure 14 Non–Refrigerated Storage Expected to Hold Larger Share of VLM Market in 2018
Figure 15 Automotive to Hold Largest Share of VLM Market in 2018
Figure 16 US to Hold Largest Share of VLM Market in 2018
Figure 17 Market Dynamics: VLM Market, 2018
Figure 18 VLM Value Chain: Major Value Added During Manufacturing and Assembly Stage
Figure 19 Load Capacities of VLMs
Figure 20 Functions Served By VLMs
Figure 21 Market Segmentation, By Delivery Type
Figure 22 Single-Level Delivery Type to Hold Larger Size of VLM Market By 2023
Figure 23 Dual-Level Delivery VLM Market for Aviation Industry to Grow at Highest CAGR During Forecast Period
Figure 24 VLM Market Segmentation, By Storage Type
Figure 25 Non-Refrigerated Storage to Hold Larger Size of VLM Market Between 2018 and 2023
Figure 26 VLM Market Segmentation, By Industry
Figure 27 APAC to Lead VLM Market for Metals and Heavy Machinery Industry Between 2018 and 2023
Figure 28 Dual-Level Delivery VLM Market for Healthcare Industry to Grow at Higher Rate From 2018 to 2023
Figure 29 Single-Level Delivery to Hold Larger Size of VLM Market for Aviation Industry By 2023
Figure 30 North America to Hold Largest Size of VLM Market for E-Commerce Industry Between 2018 and 2023
Figure 31 VLM Market in India is Expected to Grow at Highest CAGR During Forecast Period
Figure 32 Snapshot: VLM Market in North America
Figure 33 US to Hold Largest Size of VLM Market in North America Between By 2023
Figure 34 Snapshot: VLM Market in Europe
Figure 35 VLM Market in France to Grow at Highest CAGR During Forecast Period
Figure 36 Snapshot: VLM Market in APAC
Figure 37 VLM Market in RoW
Figure 38 VLM Market in Middle East Expected to Grow at Highest CAGR During Forecast Period
Figure 39 Key Players in VLM Market Adopted Contracts as Key Growth Strategy Between 2015 and 2017
Figure 40 Market Evolution Framework: Contracts Fueled Growth of VLM Market During 2015–2017
Figure 41 Contracts Was Key Strategy Adopted Between 2015 and 2017
Figure 42 Kardex: Company Snapshot
Figure 43 Toyota Industries: Company Snapshot

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