The vertical lift module market is projected to grow at a CAGR of 8.24% to reach US$1,634.205 million by 2023, from US$1,016.269 million in 2017. The firms are increasingly opting for strategies and solutions that enable them to improve their efficiency and thus, allow them to significantly increase their footprint in the global market. The ability of the vertical lift module to increase the storage capacity, while simultaneously, saving the space for the organization is significantly driving the vertical lift module market. Moreover, the growing investment in the warehouse and refrigerated storage solutions is anticipated to further supplement the growth of the market during the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the vertical lift module value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the vertical lift module market.
Major industry players profiled as part of the report are Modula Inc., Schaefer Systems International, plc, Conveyor Handling Company, and Green Automated Solutions, Inc. among others.
The vertical lift module market has been analyzed through following segments:
By Delivery Type
Single Level Delivery
Dual Level Delivery
By Industry Vertical
Food & Beverage
Middle East and Africa