Vertical Lift Module Market

Maintaining the efficient supply chain requires careful storage and safe handling of products in the warehousing facility. Furthermore, quick order processing helps organizations to ensure easy availability of their products in the market. Vertical lift module (VLM) offers an excellent option for warehouse operating companies to efficiently manage their material handling operations, resulting in increased productivity and profit. The VLM market is expected to be worth USD 1.68 Billion by 2023, at a CAGR of 9.3% between 2018 and 2023.

The key players in VLM market, namely, Kardex (Switzerland), Haenel (Germany), System Spa (Italy), Ferretto (Italy), and ICAM S.r.l. (Italy) are focusing on product launch and development, expansion, contract, and partnership strategies to enhance their product offerings and expand their business globally.

Kardex engages in the development of intra-logistic solutions, automated storage solutions, and material handling systems. The company operates globally through the network of dealers. It focuses on signing contracts with other companies to expand its customer base. For instance, in April 2017, Kardex Remstar deployed 2 fully automatic Shuttle XP storage systems next to each other in the warehouse of Comunian Bevande (Italy). In September 2016, Kardex installed 4 Shuttle XP multiple units in Phoenix Contact Electronics (Germany). Further, in August 2016, Business and Industry Today, a UK trade magazine, honored Kardex Remstar with the "Company of the Year" award in the field of automated storage solutions, appreciating its high-quality products and expert service. The award signifies its high-quality products and expert service.

Haenel is the leading provider of innovative automated material handling systems. The company serves industries such as oil and gas, metal, food, chemicals, pharmaceuticals, automobiles, aerospace, and medical engineering. Contracts have been a key market strategy for Haenel to gain a new customer base for its material handling solutions. For instance, in October 2017, Haenel installed 2 Lean-Lifts and 1 extra-wide Lean-Lift for pallet storage in the central warehouse of Herren Freres. The company is also committed to the environmental protection. Haenel uses environment-friendly and recyclable materials in its manufacturing plants that meet the latest environmental guidelines.

System Spa, a part of Krones Group (Germany), operates 2 joint stock companies—Systems Logistics Spa and Modula Spa. System Logistics Spa develops large systems for warehouse automation, picking, and material handling operations. Modula Spa manufactures a series of vertical automatic storage systems for a wide range of industries. The storage systems allow the users to recover 90% of the floor space to convert it into workspace or to use it for warehouse operations. The company focuses on the strategy of product developments and launches, and invests 5% of its total earnings on research and development (R&D) on a yearly basis. System Spa has more than 200 patents, which signifies its emphasis on R&D and product development. Contracts form one of the key strategies adopted by System Spa for business expansion. For instance, in September 2017, Modula, a subsidiary of System Spa, signed a contract with Bosch China. Modula installed 3 VLMs in Bosch China’s warehouse, and thereby, helped Bosch China to save 90% of its warehouse storage space.

Other companies in the VLM market are Toyota Industries (Japan), Automha (Italy), Constructor Group (Norway), Conveyor Handling Company (US), Green Automated Solutions (US), Lista (Switzerland), Mecalux (Spain), Stanley Vidmar (US), and Weland Lagersystem AB (Sweden).

Related Reports:

Vertical Lift Module (VLM) Market by Delivery Type (Single-Level, Dual-Level), Storage Type (Non-Refrigerated, Refrigerated), Industry (Automotive, Metals & Machinery, Food & Beverages, Chemicals, Healthcare), and Region - Global Forecast to 2023

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