According to a market report by Lucintel, the future of the global vertical lift module market looks promising with opportunities in the automotive, metals and machinery, food and beverages, chemicals, healthcare, semiconductor and electronics, aviation, and e-commerce markets. The global vertical lift module market is expected to reach an estimated $2.1 billion by 2030 from $1.4 billion in 2024, at a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are rapidly expanding e-commerce sector across the world, growing focus towards industrial automation and growth of industry 4.0, as well as, strong demand for the installation of vertical lift module systems in the food and beverage and retail sectors to improve logistics management.
A more than 150-page report to understand trends, opportunity and forecast in vertical lift module market to 2030 by delivery type (single-level delivery and dual-level delivery), storage type (non-refrigerated storage and refrigerated storage), end use (automotive, metals & machinery, food & beverages, chemicals, healthcare, semiconductor & electronics, aviation, e-commerce, and other industries), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that single-level delivery will remain the larger segment over the forecast period due to growing requirement for maximum storage capacity utilization owing to the extensive demand for faster recovery and storage of heterogeneous commodities.
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North America will remain the largest region over the forecast period due to significant technological breakthroughs, strong presence of large manufacturers in the area, and the growing e-commerce, retail, and logistics sectors in the region.
Gonvarri Material Handling, Ferretto Group, EffiMat Storage Technology, ICAM SRL, AutoCrib, Hänel Storage Systems, Kardex Remstar are the major suppliers in the vertical lift module market.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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