The Vertical Lift Module (VLM) market is expected to grow at a CAGR of 8% over the forecast period (2021-2027). Industry 4.0 has increased the preference for automation solutions in manufacturing or warehouse facilities.
The Vertical Lift Modules market has experienced significant growth and adoption rates over the past few years and is expected to experience notable growth and adoption over the next few years. APAC is the fastest growing region of the e-commerce environment, increasing the need and providing opportunities for logistics companies to serve the fast-moving sector. Increasing Internet and mobile penetration, increasing logistics options in the value chain, and an increasing number of e-commerce players have fueled the region’s e-commerce sector.
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Vertical Lift Module Market Segmentations
By Delivery Type
• Single-Level Delivery
• Dual-Level Delivery
By Storage Type
• Non-Refrigerated Storage
• Refrigerated Storage
By Industry
• Automotive
• Metals & Machinery
• Food & Beverages
• Chemicals
• Healthcare
• Semiconductor & Electronics
• Aviation
• E-Commerce
• Other Industries
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