Global Vertical Lift Module (VLM) Market is expected to grow from USD 985.4 Million in 2017 to USD 2157.92 Million by 2026, at a CAGR of 9.1% between 2017 and 2026.
Global Vertical Lift Module (VLM) Market are the enclosed system of vertically arranged racks with varied payload capabilities that are automated and operated on computerized commands that either deliver goods or replenishes the goods in an ergonomically positioned workstation depending on user requirements. Vertical Lift Modules Market has several advantages that include improved inventory turns, help to eliminate operator injuries, save 80% of wasted space. vertical lift module market Increasing focus on worker safety and security, rising demand for warehouse automation, benefits of deploying VLMs compared to standard shelving systems, growing need to optimize warehouse floor space, rising warehouse rentals are major driving factors for growth of Vertical Lift Module (VLM) Market.
Further key findings from the Global Vertical Lift Module (VLM) Market:
• In delivery type segment Single-level delivery is expected to hold the largest share during the forecast period. Automotive industry expected to be the largest share of single-level delivery Vertical Lift Modules Market owing to facts that increasing automobile sales and increasing demand for automotive spare part in the industry. • Non-refrigerated VLMs are expected to hold the largest share of Vertical Lift Modules Market since industries such as aviation, automotive and metals & heavy machinery requires huge storage space that demands efficient handling and storage of goods, with no need of temperature controlled environment.