Vertical Lift Module Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Single-Level is the fastest growing segment, Europe is the largest market globally

The Global Vertical Lift Module Market, valued at USD 840.00 Million in 2024, is projected to experience a CAGR of 8.80% to reach USD 1.39 billion by 2030. A Vertical Lift Module (VLM) is an automated enclosed storage and retrieval system that utilizes vertical space to store materials on trays, delivering them to an operator at an ergonomic height. The market's expansion is primarily driven by the escalating demand for warehouse automation, essential for optimizing floor space, and the necessity to mitigate rising labor costs while enhancing operational efficiency and inventory accuracy.

Key Market Drivers

Increased adoption of warehouse automation stands as a primary catalyst for the Global Vertical Lift Module Market, driven by continuous pressure on businesses to enhance operational efficiency and reduce manual labor dependency. Modern warehouses are integrating advanced systems to streamline processes, transforming traditional logistics. According to the 2024 MHI Annual Industry Report, published in March 2024, 82% of surveyed supply chain leaders intend to adopt robotics and automation technologies within the next five years, indicating a strong industry shift towards automated solutions.

Key Market Challenges

The substantial initial capital investment required for Vertical Lift Module procurement, installation, and integration with existing warehouse management systems presents a significant impediment to market expansion. This considerable upfront expenditure, encompassing not only the machinery but also the necessary infrastructure modifications and software integration, often strains the financial resources of potential adopters. Smaller and medium-sized enterprises, in particular, may find these costs prohibitive, limiting their ability to implement VLM solutions despite recognizing their operational benefits.

Key Market Trends

IoT and AI Integration for Enhanced Management fundamentally transforms Vertical Lift Module operational capabilities. This trend leverages smart sensors and artificial intelligence for predictive maintenance, real-time inventory visibility, and optimized storage, shifting from basic automation to intelligent system control. According to the 2025 MHI Annual Industry Report, published in March 2025, 35% of companies planning to use AI within two years are applying these technologies to inventory management. This enables VLMs to dynamically adapt to demand fluctuations, enhancing overall efficiency. In September 2024, Berkshire Grey Inc. announced a partnership with Kardex, a VLM provider, to integrate AI-enabled robotic solutions for picking and AutoStore operations. Such collaborations highlight the industry's shift towards smarter, data-driven VLM ecosystems.

Key Market Players Profiled:

• Kardex Holding AG
• Hanel GmbH & Co. KG
• Ferretto Group S.p.a
• AutoCrib, Inc.
• Modula Inc.
• Weland Lagersystem AB
• Schaefer Systems International Inc.
• Automha S.p.A.
• Mecalux, S.A.
• Stanley Black & Decker, Inc.

Report Scope:

In this report, the Global Vertical Lift Module Market has been segmented into the following categories:

By Delivery Type:

• Single-Level
• Dual-Level

By Storage Type:

• Non-Refrigerated
• Refrigerated

By End-User:

• Automotive
• Metals & Machinery
• Food & Beverages
• Chemicals
• Others

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Vertical Lift Module Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

This product will be delivered within 1-3 business days.