Global Vertical Lift Module Market: Industry Development Scenario and Forecast to 2026

CITY, Country, 2018-Nov-27 — /EPR Network/ —

Pressing needs for space optimization that ensure optimum space utilization with user friendly control mechanisms push growth in vertical lift module market. Rapid adoption of vertical lift module across verticals, predominantly in automotive and machinery tool equipment market to facilitate safe and flexible cargo transit has witnessed considerable surge, thus translating growth in vertical lift market. Further inclination towards automated storage and retrieval systems is accounted as a major growth trigger in vertical lift module market. Such insightful details are gleaned in Market Research Reports Search Engine’s (MRRSE) recently added research report titled, ‘Vertical Lift Module Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment, 2018 – 2026’.

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Facility Expansion and Portfolio Innovation Remain Core Growth Triggers

Need for robust distribution value chain in vertical lift module market has significantly encouraged leading market providers to ink long term contracts and strategic business alliances with distributors to harbor precedence and establish a strong footing in global vertical lift module market. Additionally, to pace up with burgeoning demands from end-user segments, market players are also encouraged to invest substantially in facility modernization expeditions to ensure increased production capacities. Besides, new product launch and refurbishment ventures also remain significant growth enablers for prominent market players in vertical lift module market.

SI Systems has recently inked a distribution deal with EffiMat. As per the deal, the latter will be procuring storage services encompassing EffiMat’s flagship automated storage technology, EffiMat Microload, besides its vertical lift modules, all included in their exclusive range, ClassicMat vertical lift module series. The deal is expected to position EffiMat lucratively on the competitive landscape, besides paving way for novel growth opportunities in vertical lift module market.

The report aims to offer insightful market highlights thus ensuring competitive advantage for aspiring entrants as well as existing market players in vertical lift module market. The report also offers decisive insights on market segments and factors prevalent in vertical lift module market thus encouraging lucrative, well informed business models and investment decisions. Bay type, delivery type, per tray load capacity, heights and end-user industry are accounted as major segments prevalent in vertical mift module market. Based on bay type, vertical lift module market is splintered into internal picking bay and external picking bay. By delivery type the market exhibits single level and dual level are marked as core delivery types. In terms of per tray load capacity, vertical lift module market is classified into up to 300kg, 200-500 kg, and above 1 ton as core market segments. By heights, vertical lift module market is split into <10mts, 10mts-15mts, and >15mints. In terms of end-user industry, the market is classified into e-commerce, automotive, F&B, healthcare, chemicals, electronics and semiconductor and aviation amongst others.

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Asia-Pacific to Dominate Market Share through the Forecast Tenure

Also, the report entails crucial research postulates pertaining regional diversification of vertical lift module market, based on which Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa are enlisted as major regional belts in vertical lift module market.

Competition Deep-Dive: Vertical Lift Module Market

Thorough research elements included in this section of the report allow readers to gauge the effectiveness of marketing tactics and tools in bolstering growth in vertical lift module market, besides enticing favorable consumer response such as their purchase preferences and eventual purchase decisions. Key players identified in vertical lift module market comprise, EffiMat Storage Technology, Hanel GmbH & Co. Kg., Modula Inc., Weland Lagersystem AB, Automha SPA, ICAM Srl, and Daifuku Co. Ltd. amongst several others.

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