According to a latest market study by Fact.MR, the fast expanding e-commerce sectors, coupled with the well-developed warehousing operations are catering to the global vertical lift module market growth. The global vertical lift module market is anticipated to witness growth at over 8% CAGR during the forecast period from the year 2020 to 2030.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5347

The study captures the impact of latest forces on the market, along with offering readers a detailed analysis on the COVID-19 impact on vertical life module market growth.

Key Takeaways from Vertical Lift Module Market Report

  • Rapidly developing e-commerce sector is expected to fuel demand during the forecast period
  • Rising demand from logistics companies is anticipated to enable market exhibit growth at accelerated pace
  • Advancements of automated equipment developing companies are boosting the market growth
  • Increasing demand from end-use segments such as warehousing, retail sectors, and others is forecast to drive growth

For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5347

Advancements in Automotive Sector Fueling Growth

Shortage in terms of distribution, storage, and sales of parts has been a key challenge haunting automotive manufacturers and dealership departments alike. Several leading suppliers are capitalizing on filly automated vertical storage systems to counter existing challenges. Through this they aim at improving overall customer satisfaction, besides maximizing their profit margin.

With an increasing number of automotive dealers showing interest in investing in vertical storage systems, the market is poised to record impressive growth in the coming years. Also stringent regulations implemented to ascertain secure and safe inventory are encouraging companies across pharmaceutical and medical industries to implement lean logistic and inventory models.

With these companies looking for cost optimization, the demand for vertical lift module is expected to surge significantly in the coming years. This will also offer lucrative prospects for market players to capitalize on.

Some of the leading companies operating in the market are Kardex Group, Systems Logistics SPA, Hanel GmbH & Co. Kg, Modula Inc., Daifuku Co. Ltd., DMW&H, Schafer Systems International, Inc., Ferretto Group S.P.A., and others.

The focus of these market players was continuous investment in technology, along with R&D efforts. However, the COVID-19 impact has meant that many of these companies are now in holding pattern, especially with the growing realization that instead of a one big hit, the pandemic may impact healthcare and economy in several waves. Any major investments in this sector are likely to be in the last quarter of 2021 or early 2022.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5347

Why Choose Fact.MR?

  1. Multi-Disciplinary Approach to Solve Market Challenges
  2. Accurate Regional Demand Estimation And Forecast
  3. Data Acquisition from Trusted Multidimensional Sources
  4. Real-Time Competitive Breakdown
  5. Customized Business Solutions

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/30/2008433/0/en/Demand-for-Waterjet-Cutting-Machines-Majorly-Upheld-by-Automotive-and-Mining-Propelling-Abrasive-Machines-to-Reign-Supremacy-Says-Fact-MR.html

Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Landscape

Cleanroom Equipment Market to Propel on the Back of Evolving Industrial Sector during 2021-2031 – https://www.factmr.com/report/4163/cleanroom-equipment-market

Magnetic Grippers Market Forecast, Trend Analysis & Competition Tracking – Global Review 2021 to 2031 – https://www.factmr.com/report/4164/magnetic-grippers-market

Lever Hoist Market Forecast, Trend Analysis & Competition Tracking – Global Review 2021 to 2031 – https://www.factmr.com/report/4211/lever-hoist-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Prestige Standard  journalist was involved in the writing and production of this article.

News Reporter