Vertical Lift Module Market Analysis

Delivery Type (Single-Level Delivery, Dual-Level Delivery)

The single-level delivery segment is expected to hold 58% of the vertical lift module market share owing to the increasing sales of automobiles and increasing demand for automotive parts, followed by the growing demand for quicker storage, and maximum storage space. As a result of the growing demand for single-level delivery systems, the vertical lift module market will expand the fastest. In 2021, 9.2 million US automobiles were made. In 2021, the US produced 9.2 million automobiles, up 4.5% from the previous year. Manufacturing of motor cars and their components employs 923,000 Americans, while auto dealers employ 1,251,600.

Storage Type (Non-Refrigerated Storage, Refrigerated Storage)

Vertical lift module (VLM) market from the non-refrigerated storage segment is expected to hold 68% revenue share. The best option for the industrial industries is non-refrigerated vertical lift module storage. The effective handling and storage of goods without the need for a temperature-controlled environment is necessary for non-refrigerated vertical lift module storage. With the biggest concentration in Asia and the largest market share for third-party logistics, there were 681,000 warehouses worldwide in 2020.

Our in-depth analysis of the global market includes the following segments: