Press release
Global Vertical Lift Module Market Is Anticipated To Exhibit Above 8% CAGR By 2030
"With the expanding heavy machinery manufacturing industries in addition to automotive sectors, the need for fast, cost-optimized, and storage and safe picking solutions is rising rapidly. The market, being highly proficient in meeting all these criteria's, is gaining popularity worldwide and will grow further over the assessment period." says a Fact.MR analyst.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=5347
Vertical Lift Module Market - Key Takeaways
โข North America remains the lucrative region among others due to the presence of several mature end-use segments such as eCommerce, automotive, aviation, logistics, and others.
โข Non-refrigerated vertical lift module will foresee impressive growth over the projected period.
โข Load capacity below 20 tons will remain lucrative throughout the assessment period.
โข Internal bay configuration is likely to gain a key position among other categories.
Vertical Lift Module Market - Drivers
โข Increasing focus on industrial automation and the upsurge of industry 4.0 is anticipated to accelerate market expansion.
โข The swift rise in the adoption of automated storage and retrieval systems in several industries or sectors in recent years remains a key growth booster in the global market.
Vertical Lift Module Market - Constraints
โข Presence of numerous players in the market, managing customer expectations and complexities are the key challenges encountered by the logistics companies as well as the vertical lift module market
โข High costs associated with vertical lift modules in addition to the overall cost of the business can hamper the market growth.
๐๐ก๐๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ & ๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ- https://www.factmr.com/connectus/sample?flag=RC&rep_id=5347
Anticipated Market Impact by COVID-19 Outbreak
The COVID-19 outbreak has impacted the automotive industry adversely that has led the industry to incur massive financial losses. The demand for automobiles is declining as people remain under lockdown restrictions. However, Fact.Mr in its recent study states that regardless of the restraining aspects caused due to the COVID-19 outbreak, the global vertical lift module market is likely to expand in the foreseeable years.
Competition Landscape
The global vertical lift module market is growing at a faster pace, generating ample prospects for the market players. In order to leverage on the market prospects, some of the major players such as Modula Inc., Hanel GmbH & Co. Kg, Weland LargerSystem AB, DMW&H, EffiMat Storage Technology A.S, Automha SPA, Daifuku Co. Ltd., ICAM Srl, along with others are choosing for strategic ways to attain competitive advantage.
๐๐๐ญ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/checkout/5347
More on the Report
The Fact.MR's market research report provides in-depth insights into the vertical lift module market. The market is scrutinized on the basis of type (non-refrigerated, refrigerated), maximum load capacity (below 20 tonn, 20 tonn to 40 tonn, above 40 tonn), configuration (internal bay, external bay), across seven major regions (North America, Europe, East Asia, South Asia, Oceania, Latin America, and Middle East & Africa (MEA).
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐ ๐๐๐ญ.๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก: https://www.globenewswire.com/news-release/2022/09/29/2524890/0/en/High-Replacement-Rate-of-Halogen-with-LEDs-Paving-Revenue-Generation-Opportunities-for-Airfield-Ground-Lighting-Suppliers-States-Fact-MR.html
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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