Vertical Lift Module Market Share

European Market Forecast

Europe held the greatest portion of the vertical lift module market with a revenue share of around 33%. The promotion of new goods, technological improvements, and warehouse space optimization are the drivers that are fueling Europe's need for vertical lift modules. Europe is a market with enormous potential, and major industrial sectors like automotive and aviation have seen a surge in the number of vertical lift module installations in the region.

APAC Market Statistics

The Asia Pacific is estimated to hold 25% share of the global vertical lift module (VLM) market. The growth of the vertical lift module storage market in the APAC region is being fuelled by important factors such as the booming semiconductor and electronics industries, the rising need for warehousing management solutions, and automated material handling systems. For instance, as of March 31, 2022, Japan had about 138.33 thousand battery electric passenger automobiles, up from over 125.86 thousand the year before.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of vertical lift module is assessed at USD 1.81 billion.

The vertical lift module market size was over USD 1.69 billion in 2024 and is anticipated to reach USD 5.31 billion by the end of 2037, growing at around 9.2% CAGR during the forecast period i.e., between 2025-2037. Growing focus on industrial automation and rise of industry 4.0 will drive the market growth.

Europe industry is likely to dominate majority revenue share 33% by 2037, due to promotion of new goods, technological improvements, and warehouse space optimization in the region.

The major players in the market are Modula INC., Automha, Mecalux, Stanley Vidmar, AutoCrib, Inc, Hanel, The Slate River Systems Inc. (SRSI), Ferretto Group S.p.a., Scahefer Systems International, Plc, and others.

Vertical Lift Module Market Share