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Vertical Lift Module (VLM) Market Trends

Report ID: GMI10404
Published Date: Jul 2024
Report Format: PDF

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Vertical Lift Module Market Trends

The vertical lift module (VLM) market is growing as more businesses look for ways to save space and improve efficiency in their warehouses and storage facilities. One big trend is the increasing use of advanced technology in VLMs. Many new models now come with smart software that can track inventory in real-time, predict when items will be needed, and even integrate with other warehouse systems. This makes VLMs not just storage units, but key parts of a smarter, more connected warehouse.

Moreover, VLMs are now being adopted in retail, healthcare, and even offices. Companies are also asking for more customized VLMs that can handle specific types of items or fit into unique spaces. As e-commerce continues to grow, there's also increasing demand for VLMs that can handle quick, small item picking for online orders. Overall, the market is moving towards more flexible, intelligent, and specialized VLM solutions to meet diverse business needs.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The vertical lift module market was valued at USD 1.7 billion in 2023 and is anticipated to register 8.8% CAGR between 2024 and 2032, owing to technological advancements.

The non-refrigerated vertical lift module (VLM) market recorded a revenue of USD 1.1 billion in 2023 and is anticipated to grow at 8% CAGR through 2032, owing to its versatility.

Europe vertical lift module (VLM) market recorded 39% share in 2023 and is anticipated to register 8.2% CAGR between 2024 and 2032, owing to the strong demand for advanced systems.

Auto Crib, Conveyor Handling Company, ELF Automation, Ferretto SpA, Hanel Buro, ICAM SpA, Kardex, and LISTA among others.