The vertical lift module market is expected to grow by USD 758.22 million, accelerating at a CAGR of almost 11% during the forecast period. Download Free Sample Report
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Technavio has announced its latest market research report titled Global Vertical Lift Module (VLM) Market 2020-2024 (Graphic: Business Wire)
Rising warehouse capacity addition in Europe is one of the major factors propelling market growth. However, the volatility in steel prices will hamper market growth.
The growth of the pharmaceutical and automobile industries has resulted in the expansion of warehouse facilities across Europe. Besides, technological advancements led by the growth of communication and information technology in many European countries have further increased the demand for warehouses in the region. This is encouraging vendors in the market to expand their warehouse facilities to cater to the growing demand. For instance, DACHSER, a prominent logistics and warehouse player in Europe, is making significant investments to expand its warehouse capacity across Germany, the Netherlands, Austria, and France. Such expansion plans are increasing the need for warehouse material handling equipment such as vertical lift modules. Therefore, the rising warehouse capacity addition in Europe is expected to drive the growth of the global vertical lift module market during the forecast period.
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Global Vertical Lift Module Market: Application Landscape
Based on the application, the automotive segment is going to see lucrative growth during the forecast period. The segment is mainly driven by the rising production of automobiles across the world. Besides, the increasing popularity of electric vehicles in countries such as the US, China, and Japan is contributing to the growth of the segment.
Global Vertical Lift Module Market: Geographic Landscape
By geography, APAC is going to witness lucrative growth during the forecast period due to the increasing adoption of automation across various industries in the region. Also, the rising FDI in the manufacturing sector is expected to drive the growth of the vertical lift module market in APAC during the forecast period.
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Companies Covered
- Automha SPA
- Bastian Solutions LLC
- Daifuku Co. Ltd.
- EffiMat Storage Technology AS
- Ferretto Group Spa
- Gonvarri Material Handling AS
- Hanel GmbH Co. Kg.
- Interlake Mecalux Inc.
- Kardex AG
- Modula Inc.
- SencorpWhite Inc.
- SSI SCHAEFER Group
- Stanley Black Decker Inc.
- Weland AB
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2018, 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Automotive Market size and forecast 2019-2024
- Food and beverage Market size and forecast 2019-2024
- Retail Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Automha SPA
- Bastian Solutions LLC
- Daifuku Co. Ltd.
- EffiMat Storage Technology AS
- Ferretto Group Spa
- Gonvarri Material Handling AS
- Hanel GmbH Co. Kg.
- Interlake Mecalux Inc.
- Kardex AG
- Modula Inc.
- SencorpWhite Inc.
- SSI SCHAEFER Group
- Stanley Black Decker Inc.
- Weland AB
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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