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Global Automated Storage and Retrieval Systems (ASRS) Markets 2021-2027: Need for Optimum Space Usage and Increased Supply Chain Efficiencies Drives Growth - Press Release
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Global Automated Storage and Retrieval Systems (ASRS) Market Report 2021: Market is Projected to Reach a Revised $10 5 Billion by 2027
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Top Companies in the Global Vertical Lift Module (VLM) Market:
Kardex Group, Hanel Storage Systems, Ferretto Group S.p.a, AutoCrib, Inc., Modula Inc.(System Logistics), Weland Lagersystem AB, Schaefer Systems International Inc., Automha SPA, Green Automated Solutions, Inc, Stanley Black & Decker Storage Solutions and others.
Key Market Trends :
– A significant number of food and beverage companies are tormented with older carousels to facilitate picking, which is now being replaced with vertical lift modules (VLMs). These systems have greatly increased the cube utilization of facilities, by allowing these companies to run seamlessly with space constraints.
– With the industry featuring massive inventories, the VLM designs incorporate ergonomic designs with trays to support over 1,000 pounds per tray, with overall VLM heights ranging from 15 feet to 75 feet.
Vertical Lift Module (VLM) Market” has been recently added to the Market Insights Reports database. The report offers definitive information pertaining to the commercialization aspects, revenue estimation, and market size of the industry. The report defines the status of key players in the competitive landscape including their portfolio and geographical expansion pursuits. This report also focuses on Vertical Lift Module (VLM) Market Trend, volume, and value at the global level, regional level, and company level.
According to this study, over the next five years the Vertical Lift Module (VLM) market will register a 7.9% CAGR in terms of revenue, the global market size will reach $ 514.1 million by 2025, from $ 379.5 million in 2019.
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