Global Vertical Lift Module (VLM) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Temperature Controlled and Non-Refrigerated.

By Delivery Type;

Single-level and Dual-level.

By Loading Capacity;

Up to 500 kg/tray, 500-700 kg/tray, and Above 700 kg/tray.

By End-User;

Automotive, Pharmaceuticals & Food, and Beverages.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn101988771 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vertical Lift Module (VLM) Market (USD Million), 2021 - 2031

In the year 2024, the Global Vertical Lift Module (VLM) Market was valued at USD 1,426.33 million. The size of this market is expected to increase to USD 2,476.34 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The global vertical lift module (VLM) market is experiencing robust growth, driven by the increasing demand for efficient and automated storage solutions across various industries. Vertical lift modules are automated storage and retrieval systems designed to optimize space utilization and enhance operational efficiency. They consist of a series of trays that are stored vertically, with an automated lift mechanism that retrieves and delivers trays to operators. This design significantly reduces the footprint required for storage compared to traditional shelving and racking systems, making VLMs an attractive solution for businesses looking to maximize their warehouse or manufacturing floor space.

One of the primary drivers of VLM market growth is the rising adoption of automation in warehousing and logistics operations. As companies strive to improve productivity and reduce labor costs, automated storage solutions like VLMs offer a compelling return on investment. These systems not only streamline picking and retrieval processes but also improve accuracy and reduce the risk of inventory damage. The integration of VLMs with warehouse management systems (WMS) and other enterprise software further enhances their efficiency, enabling real-time inventory tracking and optimized storage management.

The e-commerce boom has also contributed significantly to the growth of the VLM market. The rapid expansion of online retail has led to increased pressure on warehouses to handle higher volumes of orders with greater speed and accuracy. VLMs provide a solution to these challenges by enabling faster order fulfillment and better space management, which are critical in the fast-paced e-commerce environment. Additionally, the need for flexible and scalable storage solutions to accommodate fluctuating demand has made VLMs a preferred choice for many e-commerce businesses.

The growing emphasis on workplace ergonomics and safety is another factor driving the adoption of VLMs. These systems are designed to deliver items at an optimal working height for operators, reducing the need for bending, lifting, and reaching. This ergonomic advantage not only enhances worker safety and reduces the risk of injuries but also contributes to higher productivity by minimizing physical strain and fatigue. As industries increasingly recognize the importance of maintaining a safe and efficient working environment, the demand for vertical lift modules is expected to continue rising, supporting the overall growth of the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Delivery Type
    3. Market Snapshot, By Loading Capacity
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Vertical Lift Module (VLM) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automation in Warehousing
        2. E-commerce Expansion
        3. Workplace Safety and Ergonomics
        4. Space Optimization in Urban Areas
      2. Restraints
        1. High Initial Investment Costs
        2. Complexity of Implementation
        3. Limited Adoption in Small-Scale Operations
        4. Maintenance and Service Costs
      3. Opportunities
        1. Emerging Markets Adoption
        2. Integration with IoT and AI Technologies
        3. Customization and Modular Design Trends
        4. Green Initiatives and Sustainability
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Vertical Lift Module (VLM) Market, By Type, 2021 - 2031 (USD Million)
      1. Temperature Controlled
      2. Non-Refrigerated
    2. Global Vertical Lift Module (VLM) Market, By Delivery Type, 2021 - 2031 (USD Million)
      1. Single-level
      2. Dual-level
    3. Global Vertical Lift Module (VLM) Market, By Loading Capacity, 2021 - 2031 (USD Million)
      1. Up to 500 kg/tray
      2. 500-700 kg/tray
      3. Above 700 kg/tray
    4. Global Vertical Lift Module (VLM) Market, By End-User, 2021 - 2031 (USD Million)
      1. Automotive
      2. Pharmaceuticals
      3. Food & Beverages
    5. Global Vertical Lift Module (VLM) Market, By Geography, 2021- 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kardex Group
      2. Hanel Storage Systems
      3. Ferretto Group
      4. AutoCrib
      5. Modula
      6. Weland Lagersystem
      7. Schaefer Systems International
      8. Automha SPA
      9. Green Automated Solutions
  7. Analyst Views
  8. Future Outlook of the Market