Market Overview:
The global vertical storage system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated storage and retrieval systems from various end-use industries, such as automotive, industrial manufacturing, warehousing and logistics, and aerospace. In addition, the growing trend of miniaturization is also contributing to the growth of this market. The global vertical storage system market can be segmented on the basis of type into vertical lift module (VLM) and vertical carousel. The VLM segment is expected to account for a larger share of the global market than the carousel segment during the forecast period. This can be attributed to its low cost as compared with other types of automated storage and retrieval systems available in the market.
Product Definition:
A Vertical Storage System is a storage system that stores items in an upright position. This type of storage is often used in warehouses and factories to store goods and materials. The importance of vertical storage systems is that they can save space and make it easier to access items.
Vertical Lift Module (VLM):
Vertical Lift Modules (VLM) are used to elevate goods from one level to another using a hoist. They are widely used in warehouses and distribution centers as they help in increasing the storage capacity by adding or removing modules without any structural changes being made to the building. VLMs can be added or removed depending upon the requirement, thereby helping in optimizing space utilization and saving costs.
Vertical Carousel:
Vertical carousel is a device that is used to store goods in vertical position. It has several advantages over the traditional storage systems such as it can be used in places where there is not enough floor space or if the goods have to be stored for long term. Vertical carousels are also very useful when it comes to storing heavy and large items because they can hold more weight than small objects.
Application Insights:
The industrial manufacturing segment dominated the global vertical storage system market in 2017, accounting for over 40% of the overall revenue share. The growth can be attributed to an increase in demand for steel and other metal products across various industries including construction, automotive, and energy. Furthermore Vertical Storage Systems (VSS) provide easy access to inventory stored at different levels which include raw materials, components & parts along with finished goods. This improves productivity by enabling efficient use of floor space and reducing storage costs as well as time involved in accessing stored items.
Automotive is expected to emerge as one of the fastest-growing segments during the forecast period owing to increasing production capacities across various countries worldwide coupled with rising consumer demand for vehicles that are fuel efficient and emission free has resulted in a significant upsurge in demand for VLM¢â‚¬â„¢s within this industry segment over recent years.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and end-users. The region is expected to maintain its dominance over the forecast period, with growth primarily driven by an increase in manufacturing activities across various industries. Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing investments in industrial facilities and rising demand for vertical storage systems from e-commerce companies for storing inventory. Additionally, growing automotive production coupled with increased warehousing requirements is likely to drive regional market growth during the same period.
The Latin American regional market also presents significant opportunities due as well as risks regarding business operations, economic performance, political situation and social developments within individual countries such as Brazil.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow from .6 billion in 2016 to .9 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.2%. This growth can be attributed to the increasing volume of digital data being generated and stored due to the proliferation of connected devices and cloud-based services.
- Growing demand for big data analytics: The need for faster, more efficient ways to store and analyze growing volumes of big data is driving the adoption of vertical storage systems among enterprises worldwide.
- Emergence of new applications: The advent of new applications such as Internet Of Things (IoT), artificial intelligence, and machine learning is generating huge amounts of unstructured data that needs to be stored efficiently and analyzed quickly. Vertical storage systems are well-suited for this task, making them an attractive option for many enterprises today.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical Storage System Market Research Report
By Type
Vertical Lift Module (VLM), Vertical Carousel
By Application
Automotive, Industrial Manufacturing, Warehousing and Logistics, Aerospace
By Companies
Kardex Remstar, Modula, Hanel, SSI Schaefer, Ferretto Group, Mecalux, Vidmar, KSEC, Gonvarri Material Handling, Second Institute of CETGC, Kardex Remstar, Effimat Storage Technology, Weland Lagersystem, RunningSys Inc., UN Industry, Vidir, Rotar
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Storage System Market Report Segments:
The global Vertical Storage System market is segmented on the basis of:
Types
Vertical Lift Module (VLM), Vertical Carousel
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
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:
- Kardex Remstar
- Modula
- Hanel
- SSI Schaefer
- Ferretto Group
- Mecalux
- Vidmar
- KSEC
- Gonvarri Material Handling
- Second Institute of CETGC
- Kardex Remstar
- Effimat Storage Technology
- Weland Lagersystem
- RunningSys Inc.
- UN Industry
- Vidir
- Rotar
Highlights of The Vertical Storage System 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:
- Vertical Lift Module (VLM)
- Vertical Carousel
- By Application:
- Automotive
- Industrial Manufacturing
- Warehousing and Logistics
- Aerospace
- 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 Storage System 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.
How you may use our products:
- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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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?
A Vertical Storage System (VSS) is a self-contained, climate-controlled storage area for items such as furniture, appliances and electronics. VSSs are typically located on the upper levels of a building to protect them from weather and pests.
Some of the major companies in the vertical storage system market are Kardex Remstar, Modula, Hanel, SSI Schaefer, Ferretto Group, Mecalux, Vidmar, KSEC, Gonvarri Material Handling, Second Institute of CETGC, Kardex Remstar, Effimat Storage Technology, Weland Lagersystem, RunningSys Inc., UN Industry, Vidir, Rotar.
The vertical storage system market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vertical Storage System 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 Storage System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vertical Storage System 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 Storage System 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 Storage System Market Size & Forecast, 2018-2028
4.5.1 Vertical Storage System Market Size and Y-o-Y Growth
4.5.2 Vertical Storage System Market Absolute $ Opportunity
Chapter 5 Global Vertical Storage System 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 Storage System Market Size Forecast by Type
5.2.1 Vertical Lift Module (VLM)
5.2.2 Vertical Carousel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vertical Storage System 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 Storage System Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial Manufacturing
6.2.3 Warehousing and Logistics
6.2.4 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vertical Storage System 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 Storage System 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 Storage System Analysis and Forecast
9.1 Introduction
9.2 North America Vertical Storage System 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 Storage System Market Size Forecast by Type
9.6.1 Vertical Lift Module (VLM)
9.6.2 Vertical Carousel
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 Storage System Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial Manufacturing
9.10.3 Warehousing and Logistics
9.10.4 Aerospace
9.11 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 Storage System Analysis and Forecast
10.1 Introduction
10.2 Europe Vertical Storage System 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 Storage System Market Size Forecast by Type
10.6.1 Vertical Lift Module (VLM)
10.6.2 Vertical Carousel
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 Storage System Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial Manufacturing
10.10.3 Warehousing and Logistics
10.10.4 Aerospace
10.11 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 Storage System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vertical Storage System 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 Storage System Market Size Forecast by Type
11.6.1 Vertical Lift Module (VLM)
11.6.2 Vertical Carousel
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 Storage System Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial Manufacturing
11.10.3 Warehousing and Logistics
11.10.4 Aerospace
11.11 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 Storage System Analysis and Forecast
12.1 Introduction
12.2 Latin America Vertical Storage System 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 Storage System Market Size Forecast by Type
12.6.1 Vertical Lift Module (VLM)
12.6.2 Vertical Carousel
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 Storage System Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial Manufacturing
12.10.3 Warehousing and Logistics
12.10.4 Aerospace
12.11 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 Storage System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vertical Storage System 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 Storage System Market Size Forecast by Type
13.6.1 Vertical Lift Module (VLM)
13.6.2 Vertical Carousel
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 Storage System Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial Manufacturing
13.10.3 Warehousing and Logistics
13.10.4 Aerospace
13.11 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 Storage System Market: Competitive Dashboard
14.2 Global Vertical Storage System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kardex Remstar
14.3.2 Modula
14.3.3 Hanel
14.3.4 SSI Schaefer
14.3.5 Ferretto Group
14.3.6 Mecalux
14.3.7 Vidmar
14.3.8 KSEC
14.3.9 Gonvarri Material Handling
14.3.10 Second Institute of CETGC
14.3.11 Kardex Remstar
14.3.12 Effimat Storage Technology
14.3.13 Weland Lagersystem
14.3.14 RunningSys Inc.
14.3.15 UN Industry
14.3.16 Vidir
14.3.17 Rotar
