수직 리프트 모듈(VLM) 시장 평가 : 납품 부문, 유형, 최종 사용자별 기회 및 예측(2018-2032년)

Global vertical lift module market is projected to witness a CAGR of 10.01% during the forecast period 2025-2032, growing from USD 1.92 billion in 2024 to USD 4.12 billion in 2032.

The vertical lift module market is significantly growing owing to several key market trends such as the integration of advanced automation technologies, including robotics, artificial intelligence, and the Internet of Things. These innovations enhance efficiency and accuracy in inventory management, making VLMs more effective for businesses.

Sustainability is the other trend. The production of energy-efficient VLMs with minimal environmental impact has led to developing more energy-efficient VLMs with features such as regenerative braking and LED lighting. Other demands include customization to cater to the industry's specific needs, mainly from the automotive, healthcare, and e-commerce sectors.

Market dynamics are also being influenced by the increasing need for space optimization in warehousing. As urbanization progresses and real estate costs increase, businesses are turning to VLMs to maximize space utilization. The shift towards cloud-based solutions supports remote monitoring and management capabilities, further integrating VLMs into modern logistics operations. Overall, the VLM market is evolving towards more intelligent, flexible, and sustainable solutions to meet diverse operational requirements. The key players anticipate developing sophisticated modules with technology integration, thereby making the modules more flexible and operational. The companies focus on introducing products with high-value materials.

For instance, in April 2024, Modula launched its MODULA Next, a combination of the compact design of Modula's vertical lift modules (VLMs) with the precision and control of an industrial vending machine. The amalgamation delivers a wide range of industrial applications, including the management of high-value materials with pinpoint picking accuracy. The system works on the goods-to-person (G2P) principle.

Wide Spread of Warehouse Automation and Space Optimization Needs to Fuel Market Growth

E-commerce and increasing needs for inventory management that will not consume too much time mean automation in warehouses is highly motivated. VLMs bring fast retrieval and storage to products, minimizing manual exertions and errors and ensuring improved productivity and operational efficiencies. With industries seeking to enhance operational efficiency, VLMs are adopted.

Urbanization also leads to higher real estate costs, and businesses become more concerned with maximizing their warehouse space. VLMs can save up to 85% of floor space from traditional shelving systems so that companies can use vertical storage effectively. This is useful, especially in densely populated areas, and every square foot counts. The right space optimization allows for maximized storage efficiency, adaptation to urbanization, increased operational productivity, and cost reduction.

For instance, in March 2024, Greenspace Group Canada Inc. launched the Modula Vertical Lift Module. The device is an automated storage system made to maximize available space and simplify inventory control procedures. The VLM's automated lift system, which consists of vertically organized trays inside a secure enclosure, enables quick and precise item retrieval in response to preprogrammed commands.

Focus on Employee Safety and Rapid Industrialization to Shape Market Growth

Stricter measures have surfaced due to increased concerns about employee security in the workplace, mandating the adoption of VLMs. These systems reduce the risk of handling injuries and improve workplace safety while handling storage and retrieval processes. Sectors such as automotive and manufacturing emphasize strict conditions more.

As businesses expand internationally, there is a growing need for efficient production and logistics solutions. The integration of VLMs supports this by enhancing the efficiency of the supply chain, thereby enabling companies to meet international demand effectively. Other technology advancements, such as IoT and AI, are also further driving the market as they allow for smarter inventory management systems. Technological development and new products and services make the warehousing system accurate, productive, and efficient. Companies spend vast amounts on R&D for developing state-of-the-art technology and developing new products that can expand their product range and strengthen their existing offerings.

For instance, in November 2024, Leden Estonia Group acquired a vertical lift module with an ERP interface. Because the installation and execution went so well, the business started preparing for a second VLM as soon as the project was finished. The new VLM uses much less space than conventional warehouse shelving and frees up warehouse space for manufacturing. Additionally, the ERP-compatible VLM is far more practical.

Cost-Effectiveness and Wide Usage to Make the Non-refrigerant Segment Leading

Based on the type, the non-refrigerant segment is anticipated to lead the market. Generally, non-refrigerated VLMs are more economical than their refrigerated counterparts. Industries with no temperature requirements enjoy saving operational costs that involve energy consumption and maintenance. Due to this economic benefit, such a system becomes more attractive for companies to save money without increasing their operating expenses by providing a means of storage.

This category is massively used in most automotive, health, and commerce industries. These require the optimal handling and storing of inventory without the issues related to temperatures, and this has placed non-refrigerated VLMs as ideally suited for such inventories without the hassle. Most industries currently are adopting automation, so these are ready to embrace the demand in operation. They enable faster inventory turning and accuracy in picking, besides reducing the labor cost associated with manual handling. The rising trend toward warehouse automation will also support the growth of the non-refrigerated systems as firms look forward to automating their warehouses.

Asia-Pacific Becomes the Fastest Growing Region in Vertical Lift Module Market

Based on the region, Asia-Pacific accelerates at the highest CAGR due to the emerging economy and growth of a wide range of businesses. The rapid growth of e-commerce, automotive, electronics, and pharmaceutical industries in countries like China, India, Japan, South Korea, and Southeast Asia is fueling the demand for automated storage and retrieval systems (ASRS), including VLMs. Moreover, the e-commerce sector in Asia-Pacific is booming, driven by increasing internet penetration, a growing middle class, and a shift in consumer purchasing behavior. E-commerce businesses require efficient and accurate order fulfillment operations, where VLMs can significantly enhance efficiency and storage density. The companies invest in warehouse building and advancements in the region, catering to the e-commerce boom in countries like China, India, and Japan.

For instance, in November 2022, Amazon.com Inc. invested USD 8 billion in Japan for the extension of the logistics network in the region. Amazon Japan opened a large fulfillment center in Hyogo prefecture. In 2022, Amazon Japan established sizable fulfillment facilities in the prefectures of Kanagawa and Saitama, which are close to Tokyo, and Hyogo, which is close to Osaka. Additionally, eighteen delivery stations were constructed to manage last-mile deliveries to clients.

In June 2022, Mirae Asset Securities Co., Ltd. acquired an eight-asset industrial portfolio triple net leased to Amazon for USD 520 million. The 1.16 million square foot portfolio, sold by a family office investor, is located in cities across California and Utah.

Key Players Landscape and Outlook

In the vertical lift module market, key players are adopting a multifaceted strategy to enhance their competitive edge and market presence. A primary focus is on innovation through research and development, enabling the introduction of advanced technologies that improve efficiency and meet evolving customer needs. Additionally, companies are pursuing strategic partnerships and collaborations with regional distributors to expand their distribution networks and enhance market reach. Emphasizing quality control ensures that products meet high standards, fostering customer trust and satisfaction. Furthermore, there is a notable shift towards sustainability, with manufacturers developing eco-friendly solutions that minimize environmental impact while addressing regulatory requirements.

For instance, in June 2023, Singapore Polytechnic (SP), the nation's first polytechnic, and Schaefer Systems International, Inc. (SSI Schaffer) announced a strategic partnership. The program's objective is to present an impressive assortment of contemporary solutions to students, industry experts, and prospective clients. With its unmatched dependability, effectiveness, and noteworthy contributions to streamlining storage and material handling procedures on the manufacturing and production floor, SSI SCHAEFER's ground-breaking Vertical Lift Module (VLM), SSI LOGIMAT(R), will take center stage.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

• 4.1. Product and Market Intelligence
• 4.2. Mode of Brand Awareness
• 4.3. Factors Considered in Purchase Decisions
  • 4.3.1. Storage Capacity
  • 4.3.2. Height Adjustment
  • 4.3.3. Access Points
  • 4.3.4. Dynamic Storage Capability
  • 4.3.5. Ergonomics
  • 4.3.6. Integration with Automation
  • 4.3.7. Modular Design

5. Global Vertical Lift Module Market Outlook, 2018-2032F

• 5.1. Market Size Analysis & Forecast
  • 5.1.1. By Value
  • 5.1.2. By Volume
• 5.2. Market Share Analysis & Forecast
  • 5.2.1. By Delivery
    • 5.2.1.1. Single Level
    • 5.2.1.2. Dual Level
  • 5.2.2. By Type
    • 5.2.2.1. Non-refrigerated
    • 5.2.2.2. Refrigerated
  • 5.2.3. By End-use
    • 5.2.3.1. Automotive
    • 5.2.3.2. Metals and Machinery
    • 5.2.3.3. Food and Beverages
    • 5.2.3.4. Semiconductor and Electronics
    • 5.2.3.5. E-commerce
    • 5.2.3.6. Others
  • 5.2.4. By Region
    • 5.2.4.1. North America
    • 5.2.4.2. Europe
    • 5.2.4.3. Asia-Pacific
    • 5.2.4.4. South America
    • 5.2.4.5. Middle East and Africa
  • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 5.3. Market Map Analysis, 2024
  • 5.3.1. By Delivery
  • 5.3.2. By Type
  • 5.3.3. By End-use
  • 5.3.4. By Region

6. North America Vertical Lift Module Market Outlook, 2018-2032F*

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
  • 6.1.2. By Volume
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Delivery
    • 6.2.1.1. Single Level
    • 6.2.1.2. Dual Level
  • 6.2.2. By Type
    • 6.2.2.1. Non-refrigerated
    • 6.2.2.2. Refrigerated
  • 6.2.3. By End-use
    • 6.2.3.1. Automotive
    • 6.2.3.2. Metals and Machinery
    • 6.2.3.3. Food and Beverages
    • 6.2.3.4. Semiconductor and Electronics
    • 6.2.3.5. E-commerce
    • 6.2.3.6. Others
  • 6.2.4. By Country Share
    • 6.2.4.1. United States
    • 6.2.4.2. Canada
    • 6.2.4.3. Mexico
• 6.3. Country Market Assessment
  • 6.3.1. United States Vertical Lift Module Market Outlook, 2018-2032F*
    • 6.3.1.1. Market Size Analysis & Forecast
      • 6.3.1.1.1. By Value
      • 6.3.1.1.2. By Volume
    • 6.3.1.2. Market Share Analysis & Forecast
      • 6.3.1.2.1. By Delivery
        • 6.3.1.2.1.1. Single Level
        • 6.3.1.2.1.2. Dual Level
      • 6.3.1.2.2. By Type
        • 6.3.1.2.2.1. Non-refrigerated
        • 6.3.1.2.2.2. Refrigerated
      • 6.3.1.2.3. By End-use
        • 6.3.1.2.3.1. Automotive
        • 6.3.1.2.3.2. Metals and Machinery
        • 6.3.1.2.3.3. Food and Beverages
        • 6.3.1.2.3.4. Semiconductor and Electronics
        • 6.3.1.2.3.5. E-commerce
        • 6.3.1.2.3.6. Others
  • 6.3.2. Canada
  • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Vertical Lift Module Market Outlook, 2018-2032F

• 7.1. Germany
• 7.2. France
• 7.3. Italy
• 7.4. United Kingdom
• 7.5. Russia
• 7.6. Netherlands
• 7.7. Spain
• 7.8. Turkey
• 7.9. Poland

8. Asia-Pacific Vertical Lift Module Market Outlook, 2018-2032F

• 8.1. India
• 8.2. China
• 8.3. Japan
• 8.4. Australia
• 8.5. Vietnam
• 8.6. South Korea
• 8.7. Indonesia
• 8.8. Philippines

9. South America Vertical Lift Module Market Outlook, 2018-2032F

• 9.1. Brazil
• 9.2. Argentina

10. Middle East and Africa Vertical Lift Module Market Outlook, 2018-2032F

• 10.1. Saudi Arabia
• 10.2. UAE
• 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

• 17.1. Market Drivers
• 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

• 20.1. Competition Matrix of Top 5 Market Leaders
• 20.2. SWOT Analysis for Top 5 Players
• 20.3. Key Players Landscape for Top 10 Market Players
  • 20.3.1. Kardex Holding AG
    • 20.3.1.1. Company Details
    • 20.3.1.2. Key Management Personnel
    • 20.3.1.3. Products and Services
    • 20.3.1.4. Financials (As Reported)
    • 20.3.1.5. Key Market Focus and Geographical Presence
    • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 20.3.2. Hanel GmbH & Co. KG
  • 20.3.3. Ferretto SpA
  • 20.3.4. AutoCrib, Inc.
  • 20.3.5. Modula GROUP
  • 20.3.6. Weland Solutions AB
  • 20.3.7. Schaefer Systems International, Inc. (SSI Schaefer)
  • 20.3.8. Automha SpA
  • 20.3.9. Stanley Black & Decker, Inc.
  • 20.3.10. Greenspace Group Canada Inc.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer