Vertical Lift Module (VLM) Market

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

Report Code: SE 6003 Feb, 2018, by marketsandmarkets.com

[134 Pages Report] The vertical lift module (VLM) market is expected to grow from USD 987.3 Million in 2017 to reach USD 1,679.6 Million by 2023, at a CAGR of 9.3% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.

There has been an increase in the adoption of VLMs in various industries such as semiconductor and electronics, aviation, healthcare, and automotive. Various trade shows and expos have also helped VLM manufacturing companies to expand their customer base and contribute significantly to the growth of the VLM market. For instance, LogiMAT 2016, an event held in Stuttgart, Germany, from 8 to 10 March 2016, served as a good platform for many companies to showcase their innovative technologies and products. EffiMat Storage Technology exhibited EffiMat VLMs for handling and storing small parts that can move 5 containers vertically as well as horizontally. Further, a trade show named CEMAT 2016 was held between 31 May and 3 June 2016 in Hanover, Germany. In this trade show, Haenel demonstrated its intra-logistics concept and exhibited its Lean-Lift VLMs.

The objective of the report is to provide a detailed analysis of the VLM market based on delivery type, storage type, industry, and geography. The report provides detailed information regarding the major factors influencing the growth of the VLM market. The report also gives a detailed overview of the VLM value chain and analyzes the market trends.

The research methodology used to estimate and forecast the VLM market begins with capturing data on key vendor revenue with the use of secondary sources such as Material Handling Industry of America (MHIA), Materials Handling & Management Society (MHMS), Automated Material Handling Systems Association Ltd. (AMHSA), Material Handling Equipment Distributors Association (MHEDA), press releases, investor relation presentations, and annual reports. The vendor offerings have also been considered to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the VLM market by considering the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with the key position-holders from various industry players, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries is depicted in the figure below:

Vertical Lift Module (VLM) Market

To know about the assumptions considered for the study, download the pdf brochure

The VLM ecosystem comprises system manufacturers, integrators, software providers, and distributors. The players involved in the manufacturing of VLM 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 Lagersystem AB (Sweden).

Target Audience of the Report:

  • End-user industries such as automotive, chemicals, food and beverages, metals and heavy machinery, e-commerce, and semiconductor and electronics
  • Government bodies, venture capitalists, and private equity firms
  • Research institutes and organizations
  • System integrators
  • Software and service providers
  • VLM manufacturers

 “This study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–6 years for prioritizing efforts and investments.”

Scope of the Report:

This research report segments the overall VLM market on the basis of delivery type, storage type, industry, and region.

VLM Market, by Delivery Type

  • Single-Level Delivery
  • Dual-Level Delivery

VLM Market, by Storage Type

  • Non-Refrigerated Storage
  • Refrigerated Storage

VLM Market, by Industry

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

VLM Market, by Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report.

Company Information:

Detailed analysis and profiling of additional market players (up to 5)



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The vertical lift module (VLM) market is expected to grow from USD 1,074.6 Million in 2018 to USD 1,679.6 Million by 2023, at a CAGR of 9.3% between 2018 and 2023. Key drivers for 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.

Single-level delivery held a larger share of the VLM market in 2017. Factors such as growing demand for faster storage and retrieval of heterogeneous goods, and need for maximum storage space utilization are driving the growth of VLM market for single-level delivery. The rapid industrialization of emerging Asian economies, such China, India, and Vietnam; growing e-commerce industry; and increasing need for automated warehousing operations are the key factors fueling the demand for single-level delivery type VLMs.

Non-refrigerated storage accounted for a larger market size of the overall VLM market in 2017. Some of the leading manufacturing industries including automotive, metals and heavy machinery, semiconductors and electronics, and aviation use non-refrigerated VLMs for the storage and retrieval of components and raw materials. Non-refrigerated VLM is the best choice for these manufacturing industries as raw materials used in these industries are not susceptible to temperature change.

Automotive suppliers have made rapid progress in the automotive industry by offering innovative products based on new technologies and enabling real-time information to offer excellent order fulfillment in terms of efficient product delivery and quality. These suppliers continuously focus on managing a large quantity of goods effectively. They also seek to reduce the additional costs incurred due to damages in auto parts and unproductive labor hours spent in handling inventory. These suppliers intend to improve the storage capacity within the available floor space. These factors lead to the increase in adoption of VLMs in the automotive industry.

Vertical Lift Module (VLM) Market

Europe held the largest share of the VLM market in 2017. The emphasis of various players on different events to promote the launch of new products, advancements in technologies, and need to optimize warehouse space are some of the main factors driving the demand for VLMs in Europe. This region has always been an important market for innovative technologies. Europe presents vast opportunities for the growth of the VLM market. Industries such as automotive, aviation, chemicals, healthcare, and food and beverages in Europe have witnessed an increased number of VLM installations.  The VLM market in APAC is expected to grow at the highest CAGR during the forecast period. 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 easy availability of used VMLs at economical pricing is a key restraint of the market. A new VLM would cost around USD 45,000–90,000. However, the cost of used VLM is much lesser than this, i.e., ~USD 25,000–40,000. The availability of such used VLMs encourages small and medium-sized enterprises to adopt these vertical lifts without spending much over the capital expenditure.

Kardex (Switzerland), Haenel (Germany), System Spa (Italy), Ferretto (Italy), and ICAM S.r.l. (Italy) are the top VLM manufacturing companies in the market. These companies focus on product launches and developments, expansions, and partnerships strategies to enhance their product and service offerings, and expand their business globally.

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Table of Contents

1 Introduction (Page No. - 13)
    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 (Page No. - 16)
    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 (Page No. - 27)

4 Premium Insights (Page No. - 32)
    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 (Page No. - 36)
    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 (Page No. - 42)
    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 (Page No. - 44)
    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 (Page No. - 46)
    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 (Page No. - 53)
    9.1 Introduction
    9.2 Non-Refrigerated Storage
    9.3 Refrigerated Storage

10 VLM Market, By Industry (Page No. - 57)
     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 (Page No. - 73)
     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 (Page No. - 89)
     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 (Page No. - 95)
(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 (Page No. - 126)
     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 (40 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 (43 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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