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(Construction.IndustryNews247.Com, February 12, 2019 ) Major Vertical Lift Module (VLM) market initiatives were observed in the North American and European region as both of these regions are highly developed. Also, APAC region with developing economies such as China and India and other South Asian countries are demanding for better storage and retrieval systems due to their increasing e-commerce, logistics, and manufacturing sector. For this, companies are partnering with each other to enhance their sales and distribution network. The VLM market is facing intense competition and it is constantly increasing. Emergence of competitors globally and pricing pressures has created a pressure on the companies operating in the market to develop differentiate and innovative products along with cost-reduction. Thus, several companies are acquiring VLM business of other companies to expand their product-portfolio.
Vertical Lift Module (VLM) market is expected to grow from US$ US$ 808.5 Mn in 2017 to US$ 1667.6 Mn by 2025 at a CAGR of 9.5% between 2017 and 2025.
Automotive user segment expected to continue its dominance. Currently, almost 18% of the VLM used by automotive end-user sector. VLM are used to store or retrieve automotive parts from the storage places. They store and retrieve a variety of totes, trays and parts. They efficiently handle small, medium, and large parts that include mufflers and pipes, gaskets and wiper blades etc.
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The major players operating in the market are
Hanel Storage Systems
Interlake Mecalux
Kardex Group
AutoCrib, Inc. (Lauyans & Co.)
MDCI Automation (Sapient Automation)
SencorpWhite
System Logistics Spa
SSI Schaefer Systems International
EffiMat Storage Technology A/S
Constructor Group AS (Kasten and Dexion)
Weland Lagersystem AB
Modula S.p.A
Ferretto Group Spa
ICAM srl
Zecchetti s.r.l.
The overall Vertical Lift Module (VLM) market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.
Reason to Buy:-
Highlights key business priorities in order to assist companies to realign their business strategies
Highlights key vertical lift module systems thereby allowing organizations to gain revenues by focusing majorly on select products
The key findings and recommendations highlight crucial progressive industry trends in the vertical lift module systems market, thereby allowing players across the value chain to develop effective long term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Examine the socio-economic, technological and political impact of the macro forces on the market namely: Political, Economic , Social and Technological factors.
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The Insight Partners
Sameer Joshi
+1-646-491-9876
sam@theinsightpartners.com
Source: EmailWire.Com 
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