Rising demand for the optimum utilization of space, enhanced inventory management, and cut down costs propel global Vertical Lift Module (VLM) And Carousel-Based ASRS Market at a CAGR of 7.3% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Vertical Lift Module (VLM) And Carousel-Based Automated Storage and Retrieval Systems (ASRS) Market”.

A Vertical Lift Module (VLM)'s main job is to optimize storage space and streamline operations by automatically retrieving and delivering stored goods, which lowers the need for manual labor and enhances inventory control. A carousel-based automated storage and retrieval system's (ASRS) main purpose is to automate storage and retrieval procedures, improving productivity and accuracy while maximizing space usage and lowering operational costs.

Market Research Future (MRFR) has published a cooked research report on the “Global Vertical Lift Module (VLM) And Carousel-Based ASRS market” that contains information from 2019 to 2032. The Vertical Lift Module (VLM) And Carousel-Based ASRS market is estimated to register a CAGR of 7.3 % during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Vertical Lift Module (VLM) And Carousel-Based ASRS market - SSI SCHAEFER, Bastian systems, Vanderlande, Hänel Storage Systems, Mecalux S.A., THE BEUMER GROUP GMBH & CO. KG, Daifuku Co. Ltd, Kardex, Autocrib, Vidir Solutions, Inc., Modula Inc., Ferretto Group SP.A., PeakLogix. (Alta Equipment Holdings, Inc.), Conveyco Technologies, and Systec Group.

Vertical Lift Module VLM Carousel Based Automated Storage Retrieval Systems ASRS Market Highlights

The global Vertical Lift Module (VLM) And Carousel-Based ASRS market is accounted for to register a CAGR of 7.3 % during the forecast period and is estimated to reach USD 6,194.9 million by 2032.

The Vertical Lift Module (VLM) and Carousel-Based Automated Storage and Retrieval System (ASRS) market offers a compelling and transformational picture for various industries, notably warehouse and distribution center automation. These revolutionary solutions solve long-standing corporate difficulties, such as optimizing storage space, expediting inventory management, and improving overall operational efficiency. Integration of VLM and Carousel-based ASRS systems provides major benefits such as increased storage density, productivity, and inventory control. Companies are continually looking for methods to better their supply chain operations and satisfy the rising needs of consumers in today's fast-paced and competitive business climate. The VLM and Carousel-based ASRS systems meet this requirement by giving quick and precise access to items, resulting in shorter order fulfillment times and higher throughput. Furthermore, automation of storage and retrieval operations results in significant cost savings by reducing reliance on manual labor and limiting potential inventory tracking mistakes.

Segment Analysis

The global Vertical Lift Module (VLM) And Carousel-Based ASRS market has been segmented based on Type, and Industry Vertical.

Based on type, the Global Vertical Lift Module (VLM) And Carousel-Based ASRS Market segmentation includes carousel based, and vertical lift module (VLM) ASRS. Carousel based segment is dominating the market and is expected to grow at a CAGR of 7.3%. Furthermore, Carousel based is further divided into Vertical Carousel and Horizontal Carousel. Horizontal Carousel is expected to grow at a highest CAGR during the forecast period.

Based on Industry Vertical, the Global Vertical Lift Module (VLM) And Carousel-Based ASRS Market segmentation includes Automotive, Metals And Machinery, Food & Beverages, Chemicals, Healthcare, Semiconductor & Electronics, Retail & Ecommerce, Aviation, and Others. Automotive accounted for the largest market share with a market value of USD 593.4 Million in 2022 and is projected to grow at a CAGR of 7.3%, whereas Retail & Ecommerce exhibited the highest CAGR of 8.6% during the forecasted period.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Vertical Lift Module VLM Carousel Based Automated Storage Retrieval Systems ASRS Market Research Report

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.

In terms of revenue, North America held the largest share of 37.5% in the Vertical Lift Module (VLM) And Carousel-Based ASRS market in 2022 and is expected to maintain its dominance during the forecast period. North America is expected to dominate the global Vertical Lift Module (VLM) And Carousel-Based ASRS market in terms of market share during the forecast period. Associated Food Stores, The Stop & Shop Supermarket Company, Wegmans Food Markets, Inc., and other merchants have installed ASRS. North America has significant potential for the growth of the automated storage and retrieval systems (ASRS) market due to its strong hold on technologies. ASRS is in significant demand in North America's automotive, e-commerce, retail, pharmaceutical, and logistics industries. Additionally, the increase in e-commerce operations is linked to a growth in ASRS use, which enables e-commerce businesses to satisfy customers' requests on time.

Europe is the second largest in Vertical Lift Module (VLM) And Carousel-Based ASRS market over the forecast period. Due to growing investments in the Industry 4.0 revolution, Europe was the region to adopt industrial automation first. Over one-third of all Industry 4.0 investments worldwide, according to the CBI Ministry of Foreign Affairs, are made in Europe. Its primary markets are in Western and Northern Europe, particularly Germany, where the phrase was first used and where it currently leads.

Asia-Pacific is the fastest-growing regional market in global digital payment. Several countries have manufacturing industries, including Japan, India, China, Australia, Singapore, Taiwan, and Indonesia. These industries include those that produce electronics, food and drink, chemicals, textiles, cars, and healthcare products. Asia Pacific nations' manufacturing industries have undergone a significant transformation throughout time. It is now well recognized to quickly integrate innovation accelerators, including upcoming cloud and mobile technologies and robotics.

Middle East and Africa will experience the greatest CAGR throughout the projection period due to e-commerce business in the region. E-commerce growth coexists harmoniously with the expansion of the automated storage sector. E-commerce vendors store their inventory in warehouses, and ASRS is one of the finest methods for cutting down on time spent sorting and storing these products.

The main factor driving South America's automated storage and retrieval systems (ASRS) market is the rise in export and import activity brought on by the improved shipping sector. Rapid IT infrastructure growth in Brazil encourages automation, creating a favorable environment for the uptake of automated storage solutions in South America.

Key Findings of the Study

• The global Vertical Lift Module (VLM) And Carousel-Based ASRS market is expected to reach USD 6,194.9 million by 2032, at a CAGR of 7.3% during the forecast period.


• The North America region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments and key market players in North America, making it the primary contributor to the market share.


• Based on type, the Carousel Based segment was attributed to holding the largest market in 2022, with an approximate market share of 56.5 %.


• SSI SCHAEFER, Bastian systems, Vanderlande, Hänel Storage Systems, Mecalux S.A., THE BEUMER GROUP GMBH & CO. KG, Daifuku Co. Ltd, Kardex, Autocrib, Vidir Solutions, Inc., Modula Inc., Ferretto Group SP.A., PeakLogix. (Alta Equipment Holdings, Inc.), Conveyco Technologies, and Systec Group are the key market players.