Transparency Market Research provides key insights into the world Vertical lift module market. In terms of value, the global Vertical Lift Modules market is estimated to grow at a CAGR of approximately 9% during the forecast period owing to numerous factors on which TMR provides comprehensive insights and forecasts in the Global Vertical Lift Modules Market report.

In the report, TMR forecasts that the global Vertical Lift Modules market will largely be driven by the increasing installation of automated warehousing and retrieval systems, development in the e-commerce and logistics industries, etc., which are expected to boost the market during the forecast period. According to the Vertical Lift Modules market report, the Type segment has been segmented into Temperature Controlled/Refrigerated and Non-Refrigerated. In terms of configuration, the vertical lift module market has been segmented into internal bays (single and dual) and external bays (single and dual).

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In terms of maximum lifting capacity, the vertical lifting module market has been categorized as under 20 tons, 20 tons to 40 tons and over 40 tons. Based on end-use industry, the global Vertical Lift Modules Market has been categorized into Metals & Machinery, Automotive, Food & Beverage, Electronics, Logistics, Healthcare, Retail, and Others. Based on application, the global vertical elevator module market has been segmented into wave picking, batch picking, consolidation, sorting, replenishment, and others.

The growth of the healthcare, pharmaceutical and electrical/electronics industries is driving the demand for vertical lifting modules. In recent years, the rapid increase in the installation of vertical lift module systems in retail and food and beverage establishments and hospitals for product picking and handling is expected to fuel the demand for vertical lift modules. The growing retail industry around the world is leading to a…