Market Overview:
The global vertical lift shuttles storage systems market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automated material handling solutions in various industrial applications. Additionally, the growing adoption of vertical lift shuttle systems in warehouses and logistics facilities is also propelling the growth of this market. However, high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period. Based on type, single level delivery segment held a major share of the global vertical lift shuttles storage systems market in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its low installation cost as compared to dual level delivery type system.
Product Definition:
Vertical Lift Shuttle Storage Systems are designed to store and retrieve items using a shuttle that travels vertically along rails. The systems are often used in warehouses and distribution centers to store pallets and other large items.
Single Level Delivery:
Single level delivery (SLD) is a system used to deliver goods from a supply point to one or more distribution points in an efficient manner. It offers benefits such as reduced fuel consumption and low operating costs when compared with multi-level delivery systems.
Dual Level Delivery:
Dual level delivery is a method of delivering goods to customers at two different levels in the supply chain. It helps companies to manage inventory and reduce costs by enabling them to deliver products directly from manufacturer or supplier. Vertical lift shuttles are used for storage systems that require goods be delivered on pallets or racks, which can then be carried by the shippers into retail stores.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The rising need for efficient vehicle storage solutions that can cater to the growing demand from consumers is expected to drive its demand over the next eight years. Vertical lift shuttles with a capacity of up to 3500 kg are used in car parks, which have a height ranging between 1 and 3 floors. These vehicles are also used within multi-story car park buildings, where they provide easy access from ground level parking spaces on each floor directly into an automobile elevator without going through multiple levels of walkways or stairs.
The warehousing and logistics application segment accounted for USD 836 million in 2019 owing to increasing investments by companies such as Amazon., UPS.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in construction and manufacturing industries, which will drive demand for shuttles for delivery of materials and components.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising industrialization across countries such as China, India, Japan, South Korea and Taiwan. In addition, expansion of automotive production plants across these countries will further boost product demand during the forecast period.
Europe was valued at USD X million in 2017 owing with high concentration of automotive manufacturers including Volkswagen Group; BMW Group; Daimler AG; Ford Motor Company Europe; Fiat Chrysler Automobiles N.V.; Mercedes-Benz AG Daimler Trucks & Bus GmbH & Co., Ltd.
Growth Factors:
- Increasing demand for Vertical Lift Shuttles Storage Systems from the logistics and transportation sector as it offers an efficient and space-saving storage solution.
- Growing popularity of automated storage and retrieval systems (AS/RS) that use Vertical Lift Shuttles Storage Systems for handling goods, which is resulting in an increase in the demand for these systems.
- Rising investments by companies in modernizing their warehouse infrastructure, which is leading to an increase in the adoption of Vertical Lift Shuttles Storage Systems.
- Proliferation of e-commerce businesses that are fueling the need for more efficient and space-saving warehouse storage solutions, such as Vertical Lift Shuttles Storage Systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Lift Shuttles Storage Systems Market Research Report
By Type
Single Level Delivery, Dual Level Delivery
By Application
Automotive, Industrial Manufacturing, Warehousing and Logistics, Aerospace, Others
By Companies
Effimat, Weland AB, RunningSys, Kardex Remstar, Southwest Solutions Group, Hanel, Schaefer Group, Ferretto Group, Mecalux, Vidmar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Lift Shuttles Storage Systems Market Report Segments:
The global Vertical Lift Shuttles Storage Systems market is segmented on the basis of:
Types
Single Level Delivery, Dual Level Delivery
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Industrial Manufacturing, Warehousing and Logistics, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Effimat
- Weland AB
- RunningSys
- Kardex Remstar
- Southwest Solutions Group
- Hanel
- Schaefer Group
- Ferretto Group
- Mecalux
- Vidmar
Highlights of The Vertical Lift Shuttles Storage Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Level Delivery
- Dual Level Delivery
- By Application:
- Automotive
- Industrial Manufacturing
- Warehousing and Logistics
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vertical Lift Shuttles Storage Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vertical lift shuttle storage systems are a type of automated storage system that uses elevators to move goods between levels. The elevator cars are typically equipped with shelves and compartments that can hold a variety of items, from small packages to large objects. These systems are popular in warehouses and other commercial settings where space is at a premium, and they can be used to store anything from inventory items to furniture.
Some of the major companies in the vertical lift shuttles storage systems market are Effimat, Weland AB, RunningSys, Kardex Remstar, Southwest Solutions Group, Hanel, Schaefer Group, Ferretto Group, Mecalux, Vidmar.
The vertical lift shuttles storage systems market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical Lift Shuttles Storage Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vertical Lift Shuttles Storage Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Lift Shuttles Storage Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vertical Lift Shuttles Storage Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vertical Lift Shuttles Storage Systems Market Size & Forecast, 2018-2028
4.5.1 Vertical Lift Shuttles Storage Systems Market Size and Y-o-Y Growth
4.5.2 Vertical Lift Shuttles Storage Systems Market Absolute $ Opportunity
Chapter 5 Global Vertical Lift Shuttles Storage Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Vertical Lift Shuttles Storage Systems Market Size Forecast by Type
5.2.1 Single Level Delivery
5.2.2 Dual Level Delivery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vertical Lift Shuttles Storage Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Vertical Lift Shuttles Storage Systems Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial Manufacturing
6.2.3 Warehousing and Logistics
6.2.4 Aerospace
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Lift Shuttles Storage Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vertical Lift Shuttles Storage Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Vertical Lift Shuttles Storage Systems Analysis and Forecast
9.1 Introduction
9.2 North America Vertical Lift Shuttles Storage Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Vertical Lift Shuttles Storage Systems Market Size Forecast by Type
9.6.1 Single Level Delivery
9.6.2 Dual Level Delivery
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Vertical Lift Shuttles Storage Systems Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial Manufacturing
9.10.3 Warehousing and Logistics
9.10.4 Aerospace
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Vertical Lift Shuttles Storage Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Vertical Lift Shuttles Storage Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Vertical Lift Shuttles Storage Systems Market Size Forecast by Type
10.6.1 Single Level Delivery
10.6.2 Dual Level Delivery
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Vertical Lift Shuttles Storage Systems Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial Manufacturing
10.10.3 Warehousing and Logistics
10.10.4 Aerospace
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Vertical Lift Shuttles Storage Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertical Lift Shuttles Storage Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Vertical Lift Shuttles Storage Systems Market Size Forecast by Type
11.6.1 Single Level Delivery
11.6.2 Dual Level Delivery
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Vertical Lift Shuttles Storage Systems Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial Manufacturing
11.10.3 Warehousing and Logistics
11.10.4 Aerospace
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Vertical Lift Shuttles Storage Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertical Lift Shuttles Storage Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Vertical Lift Shuttles Storage Systems Market Size Forecast by Type
12.6.1 Single Level Delivery
12.6.2 Dual Level Delivery
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Vertical Lift Shuttles Storage Systems Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial Manufacturing
12.10.3 Warehousing and Logistics
12.10.4 Aerospace
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Vertical Lift Shuttles Storage Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertical Lift Shuttles Storage Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Vertical Lift Shuttles Storage Systems Market Size Forecast by Type
13.6.1 Single Level Delivery
13.6.2 Dual Level Delivery
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Vertical Lift Shuttles Storage Systems Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial Manufacturing
13.10.3 Warehousing and Logistics
13.10.4 Aerospace
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vertical Lift Shuttles Storage Systems Market: Competitive Dashboard
14.2 Global Vertical Lift Shuttles Storage Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Effimat
14.3.2 Weland AB
14.3.3 RunningSys
14.3.4 Kardex Remstar
14.3.5 Southwest Solutions Group
14.3.6 Hanel
14.3.7 Schaefer Group
14.3.8 Ferretto Group
14.3.9 Mecalux
14.3.10 Vidmar
