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Global Vertical Lift Module (VLM) Market 2017-2021

Global Vertical Lift Module (VLM) Market 2017-2021

About Vertical Lift Module (VLM)

Vertical Lift Module (VLM) is an automated warehouse storage equipment of adjustable height, in which several trays are arranged vertically in the front and rear with a movable inserter or extractor tray in the middle. The main function of VLM is to pick the order, store it in a proper place, and retrieve it when required. The movable inserter or extractor tray will help in the movement of SKU's for storing and retrieving. The customer can demand customized VLMs by varying the tray weight, tray size, and the complete weight of the system.

Technavio’s analysts forecast the global vertical lift module (VLM) market to grow at a CAGR of 12.12% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global vertical lift module (VLM) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Vertical Lift Module (VLM) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Kardex Remstar
  • Modula
  • SSI SCHAEFER
  • Weland Lagersystem AB
Other prominent vendors
  • Ferretto Group
  • Dexion
  • EffiMat Storage Technology A/S
Market driver
  • Rising warehouse capacity addition in Europe
  • For a full, detailed list, view our report
Market challenge
  • Volatility in steel price
  • For a full, detailed list, view our report
Market trend
  • Rising global warehouse investments
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Vertical Lift Module (VLM) Market 2017-2021

Technavio recognizes the following companies as the key players in the global vertical lift module (VLM) market: Kardex Remstar, Modula, SSI SCHAEFER, and Weland Lagersystem AB.

Other Prominent Vendors in the market are: Ferretto Group, Dexion, and EffiMat Storage Technology A/S.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising global warehouse investments. The consumer demand for all retail products is increasing with their rising purchasing power due to their growing disposable income. The end-users of consumer goods manufacturers demand customized packages of goods as per their needs.”

According to the report, one driver in the market is rising warehouse capacity addition in Europe. European countries have been showing higher interest in warehouse expansion since 2015. The growing opportunities from the pharmaceutical and automation industry is the triggering force behind the expansion of warehouse capacity in Europe. Germany tops in the overall warehouse capacity compared with other countries in Europe due to the presence of many automotive manufacturers. For example, Germany holds around 29%-31% share in Europe's warehouse capacity as of 2016.

Further, the report states that one challenge in the market is volatility in steel price. Steel is one of the major raw materials for manufacturing VLM. It is extracted from iron ore. The volatility in iron ore prices is expected to directly reflect on the steel prices. China is one of the major manufacturers of iron ore. Hence, the instability in China's economy is affecting the iron ore production and, in turn, the price of steel. It is estimated that in 2016, the average annual volatility of global steel price varied between 55%-57%, which is the second highest in the world, followed by the oil price.

Companies Mentioned

Kardex Remstar, Modula, SSI SCHAEFER, Weland Lagersystem AB, Ferretto Group, Dexion, and EffiMat Storage Technology A/S.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Comparison of different ASRS order picking systems
  • Market landscape
    • Market overview
      • Table Global vertical lift module market
    • Market size and forecast
      • Table Global vertical lift module 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Market share of different end-users 2016-2021 (% revenue)
    • Comparison by end-user
      • Table Comparison by end-user
    • Automotive – market size and forecast
      • Table Automotive – Market size and forecast 2016-2021 ($ millions)
      • Table Automotive – Year-over-year growth 2017-2021
    • Food and beverage – market size and forecast
      • Table Food and beverage – Market size and forecast 2016-2021 ($ millions)
      • Table Food and beverage – Year-over-year growth 2017-2021
    • Retail – market size and forecast
      • Table Retail – Market size and forecast 2016-2021 ($ millions)
      • Table Retail – Year-over-year growth 2017-2021
    • Others – market size and forecast
      • Table Others– Market size and forecast 2016-2021 ($ millions)
      • Table Others– Year-over-year growth 2017-2021
    • Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global – market size and forecast
    • Regional comparison
      • Table Regional comparison
    • EMEA – market size and forecast
      • Table EMEA – market size and forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021
      • Table Top 3 countries in EMEA
    • Americas – market size and forecast
      • Table Americas – market size and forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021
      • Table Top 3 countries in Americas
    • APAC – market size and forecast
      • Table APAC – market size and forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Warehouse capacity addition across European countries 2017-2021 (thousand square meters)
      • Table Global pharmaceutical sales 2014-2019 ($ billions)
    • Market challenges
      • Table Steel price forecast 2016-2020 (dollar per ton)
  • Market trends
    • Rising global warehouse investments
    • Rising warehouse automation
    • Innovation in VLM market
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Vendor analysis
    • Kardex Remstar
      • Table Kardex Remstar: Product segmentation
    • Modula
      • Table Modula: Product offerings
    • SSI SCHAEFER
      • Table SSI SCHAEFER: Product segmentation
      • Table SSI SCHAEFER: Recent developments
    • Weland Lagersystem AB
      • Table Weland Lagersystem AB: Product offerings
      • Table Weland Lagersystem AB: Recent developments
  • Vendor overview
  • Appendix
    • List of abbreviations
  • Explore Technavio

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