Trends in Vertical Lift Module

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Trends in Vertical Lift Module
By 2030, the global vertical lift module market
is expected to be worth roughly US 3.1 billion,
increasing at a Compound Annual Growth Rate of 9
from 2021 to 2030. The rise in demand for
automated storage systems, the e-Commerce sector,
major expansion in the warehouses, the spreading
applications in numerous end-use sectors, and
technological improvements are all contributing
to market growth. One of the primary aspects that
will continue to present chances to the
competitors functioning in the current vertical
lift module market environment is the
introduction of Industry 4.0 across the
industrial sector globally. The vertical lift
module (VLM) is a storage system that comprises
two parallel columns separated into fixed shelf
locations, each of which can accommodate a single
storage module such as a tray. With the push of
a button on a control device, these modules store
products on trays and send them to an
ergonomically positioned work counter. Due to
the presence of a prominent customer base in the
region, Asia Pacific accounted for a significant
share of the vertical lift module market in 2019
and is expected to continue to be the leading
region for vertical lift modules. In the Asia
Pacific (Asutralia), China, India, Korea, and
Japan are key vertical lift modula markets. The
vertical lift module market will be driven by a
high demand for warehouse management and an
increase in the number of WMS providers in
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the region. The number of small-scale vertical
lift producers in the Asia Pacific (Australia) is
rapidly increasing, and this trend is expected
to continue in the near future. Market
Trends Vertical lift modula are in high demand
because of the rise of the healthcare,
pharmaceutical, and electrical/electronic
industries. The rapid expansion in the
installation of vertical lift module systems for
picking and handling products in the retail
sector, food and beverage, and hospitals in
recent years is expected to drive demand for
vertical lift modules. The expanding global
retail business necessitates the construction of
more warehouses in order to better manage
effective and optimal logistics. Drivers,
Restraints and Opportunities The rapid increase
in the installation of automated storage and
retrieval systems in various sectors or
industries such as automotive, aviation, metal
engineering, healthcare, and e- Commerce in
recent years is expected to be one of the major
factors driving the market for vertical lift
module systems during the forecast period.
Vertical lift modules assist businesses in
efficiently and effectively managing their
stocks. These systems are perfect for maximising
space usage, increasing productivity, and
lowering costs by reducing the number of unneeded
parts and items in storage. Technological
improvements and new products and services
improve warehousing system accuracy,
productivity, and efficiency. Manufacturing
businesses are spending a lot of money on RD to
bring cutting-edge technology and new product
development, which will help them extend their
product portfolio and enhance their present
items. COVID 19 Impacts In 2020, the worldwide
vertical lift modula market is likely to be
moderately impacted by the start of the novel
COVID-19 pandemic. Uncertainty in the industry,
fluctuating economic trends, and severe lockdown
measures implemented by governments around the
world to prevent the spread of the novel virus
are just a few of the significant reasons
projected to stifle the worldwide vertical lift
module market's growth. In the first quarter of
2020, demand for vertical lift modules decreased
significantly. However, due to an increase in
the number of e-Commerce orders and online
purchases, demand for vertical lift modula has
remained stable throughout warehouses in various
locations.
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Increased Focus on Automated Storage Systems for
Global Market The automated storage trend has
acquired significant traction in the worldwide
industrial sector during the last decade.
Vertical lift modula has emerged as a suitable
automated storage technology as the need for
vertical carousels continues to expand. Vertical
lift modules have a number of benefits,
including high-density storage of
slow-to-medium-speed objects, complete inclosure
and lockable access for security, and optimal
storage in a small storage structure. Wave
picking, batch picking, consolidation,
replenishment, and sorting are just a few of the
applications where vertical lift modules have
gained a lot of traction. During the assessment
period, the increased usage of height sensors in
new vertical lift modules is likely to improve
demand for vertical lift modules. Furthermore,
the global vertical lift module market is
expected to develop due to the rising use of
computer software in vertical lift
modules. Vertical life module trays are usually
utilised for heavy products and provide dynamic
storage. During the projected period, the
increased emphasis on automated storage across
the industrial sector is expected to drive
demand for vertical lift modula significantly.
Vertical lift module applications in warehouses
across numerous industries are continuing to
grow, resulting in increased use of vertical
lift modules. Prominent Regions In the year
2019, Asia Pacific was the largest and
fastest-growing market for vertical lift
modules. Australia, China, India, Japan, and
Korea are key vertical lift module markets in the
Asia Pacific, and they are responsible for the
region's recent vertical lift module market
expansion. The vertical lift modula market is
predicted to increase because of the high demand
for warehouse management and the growing number
of WMS providers in the region. Competitive
Landscape This section of the article outlines
the market's major manufacturers. It assists the
reader in comprehending the strategies and
collaborations used by corporations to combat
market competition. The in-depth examination
examines the market at a microscopic level. The
market's innovative trends and advancements,
mergers and acquisitions, product portfolio, and
new product innovations are expected to provide a
dashboard view of the market, giving readers an
accurate gauge of current market changes, company
strategies, and critical financial.
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• Secondary sources are used to determine major
  manufacturers' revenues, percentage splits,
  market shares, growth rates, and product market
  breakdowns, which are then verified using
  primary sources.
• To estimate and validate the worldwide market
  size for a company, regional division, product
  type and application (end users), and other
  segments, top-down and bottom-up methodologies
  are utilised.
• Company Overview
• Company Market Share
• Products
• Financial Records
• Newest Initiatives
• Key Strategies
• The Vendor Landscape
• Supplier List
• Buyers List
• Hänel Storage Systems, Kardex, Remstar and Modula
  are some of the major players in the global
  vertical lift module market.
• Vertical Lift Module Market Segmentation
• By Type
• Non-Refrigerated Refrigerated/Temperature
  Controlled

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Automobile Electronics Healthcare Logistics
Retails Others (Chemicals, Aerospace, etc) By
Applications Wave Batch Picking
Sorting Consolidation Replenishment Others (MRO,
etc)
Reference https//www.verticalcarouselsaustralia.
com/vertical-lift-module/ Vertical Carousels
Australia Pty Ltd 13 Starkey Street Hurlstone
Park Sydney NSW 2193, Australia 0477 577
050 joefaranda_at_outlook.com https//www.verticalc
arouselsaustralia.com