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Vertical Reciprocating Conveyor Market Trends

Report ID: GMI5040
Published Date: Nov 2024
Report Format: PDF

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Vertical Reciprocating Conveyor Market Trends

As industries increasingly adopt automation, the demand for customizable VRCs is rising. Manufacturers are now offering tailored solutions to meet the specific needs of various automated environments, thereby enhancing their market appeal. Automated systems often require flexible layouts, and VRCs can be designed to fit diverse spaces and configurations, accommodating the unique designs of automated warehouses and production facilities. The growth of e-commerce necessitates rapid order fulfilment and efficient logistics. Automated VRCs play a crucial role in expediting product movement within distribution centres, supporting the fast-paced demands of online retail.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for vertical reciprocating conveyor was reached USD 688.3 million in 2023 and is estimated to grow at a 5.3% CAGR from 2024 to 2032, driven by the increasing adoption of automation in the industrial sector.

The mechanical VRCs market recorded USD 443.2 million in 2023 and is expected to grow at a 5.1% CAGR from 2024 to 2032, due to their reliability in automating the vertical transport of goods, reducing manual labor, and enhancing operational efficiency.

The mining and construction segment held around 16.5% share of the vertical reciprocating conveyor market in 2023 and is anticipated to grow at a 5.6% CAGR through 2032, proplled by the sectors' increasing reliance on VRCs for their efficiency, safety, and versatility.

The North America region dominated 35.2% share of the vertical reciprocating conveyor market in 2023 and is expected to grow at a 4.4% CAGR from 2024 to 2032, led by the expansion of the automotive sector and the increase in the number of dealerships.

Key players in the vertical reciprocating conveyor industry include Advance Lifts, Autoquip, Beech Design and Manufacturing, Custom Industrial Products, Damon Australia, Gebhardt Fordertechnik, Industrial Kinetics, Nerak Systems, Nido Machineries, PFlow Industries, Precision Automation, Qimarox, Rite-Hite, Vertical Conveyors, and Wildeck.