Market revenue for vertical lift modules is forecasted to rise steadily, expanding from $1,850 Million in 2020 to approximately $5,300 Million by 2035. This growth trajectory reflects increased adoption of storage automation across all major industries and improved affordability of intelligent VLM solutions.
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Automotive applications constitute the largest market share for VLMs in 2025 due to the sector's heavy reliance on organized parts storage and fast access. Healthcare follows, leveraging VLMs to boost pharmaceutical logistics and compliance, while Electronics ranks third, fueled by the need for secure, traceable components management.
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Who are the key players in Global Vertical Lift Module industry?
Top players in the Global Vertical Lift Module industry include Kardex Group, SSI Schäfer, Hänel Storage Systems, Modula Inc., and AutoCrib. These companies are leaders in automation and material handling solutions, offering advanced vertical storage systems for efficient inventory management across various industries worldwide.
What is the Global Vertical Lift Module growth?
The Global Vertical Lift Module market has experienced significant growth, driven by increasing automation in warehouses and manufacturing. For example, Kardex Group reported double-digit growth in its intralogistics sector in 2023, attributed to expanding e-commerce and demand for space-saving storage solutions.
Which segment accounted for the largest Global Vertical Lift Module share?
The warehousing and logistics segment accounted for the largest share of the Global Vertical Lift Module market. Rapid adoption of automated storage and retrieval solutions by third-party logistics providers and large e-commerce companies has fueled the segment’s dominance globally, ensuring faster order fulfillment and improved inventory accuracy.
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