Vertical Lift Module Market Report 2026

The vertical lift module market size has grown strongly in recent years. It will grow from $1.71 billion in 2025 to $1.88 billion in 2026 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to warehouse space constraints, growth in automotive manufacturing, expansion of industrial automation, increased focus on inventory accuracy, demand for efficient material handling.

The vertical lift module market size is expected to see rapid growth in the next few years. It will grow to $2.78 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growth in e commerce fulfillment centers, adoption of smart warehouses, rising labor cost pressures, expansion of cold chain logistics, investments in automated intralogistics. Major trends in the forecast period include increased adoption of automated storage systems, rising demand for space optimization solutions, growth of high density warehousing, expansion of temperature controlled storage, integration with warehouse management systems.

Anticipated growth in E-commerce and omnichannel retail is expected to drive the expansion of the vertical lift module market. Omnichannel retail, a strategy involving customer engagement through various digital and physical touchpoints, aligns with the growth of E-commerce, emphasizing the need for efficient storage and retrieval systems such as vertical lift modules to manage diverse stock-keeping unit requirements efficiently. For example, U.S. retail e-commerce sales in the third quarter of 2023 reached $271.7 billion, marking a 0.9% increase from the second quarter of 2023. Compared to the third quarter of 2022, e-commerce sales in the same period showed a 7.8% rise, contributing to 14.9% of total sales. Consequently, the surge in E-commerce and omnichannel retail is a significant driver of the vertical lift module market's growth.

Major companies operating in the vertical lift module (VLM) market are focusing on developing innovative solutions such as automated storage and retrieval systems (ASRS) designed to optimize warehouse operations by maximizing vertical space utilization. An ASRS is a computer-controlled system that automatically places and retrieves loads from defined storage locations, enhancing efficiency and accuracy in inventory management. For instance, in March 2024, Greenspace Industrial, a Canada-based warehouse automation company, launched the Modula VLM. This Vertical Lift Module is an automated storage solution that employs vertically arranged trays to optimize warehouse space by maximizing ceiling height. It operates on a "goods-to-person" principle, automatically delivering items to an ergonomic picking height, which enhances efficiency and reduces picking errors. The fully computerized system allows for quick retrieval and replenishment of inventory while minimizing the physical effort required by operators. This innovation reflects the growing demand for advanced solutions in the vertical lift module market, aimed at improving operational efficiency and inventory management.

In June 2024, Modula, an Italy-based provider of automated storage and retrieval systems (ASRS), acquired Vanas Engineering BV for an undisclosed sum. Through this acquisition, Modula seeks to broaden its European presence, advance its automation technology portfolio, reinforce its engineering expertise, and accelerate the delivery of warehouse and logistics solutions. Vanas Engineering BV, based in the Netherlands, specializes in the design and manufacture of material handling and intralogistics solutions.

Major companies operating in the vertical lift module market are Kardex Group AG, Hänel Storage Systems GmbH, Ferretto Group SpA, Modula Group S.p.A., Automha S.p.A., Mecalux S.A., ICAM S.r.l., Green Automations LLC, Lista AG, EFFIMAT, Weland Lagersystem AB, Stanley Black & Decker Storage Solutions, Constructor Group AS, Daifuku Co. Ltd., Interlake Mecalux, SSI Schaefer, AutoCrib Inc., Vidmar Inc., Toyota Industries Corporation, Rabatex Industries Pvt. Ltd., System Logistics India Private Limited, Schaefer Systems International Pvt. Ltd., DMW&H, Bastian Solutions, A-Plus Automation & Robotics, Carton Handling Systems Inc.

Europe was the largest region in the vertical lift module market in 2025. North America is expected to be the fastest-growing region in the global vertical lift module market during the forecast period. The regions covered in the vertical lift module market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the vertical lift module market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The vertical lift module market consists of sales of vertical lift module configurator, compact lift vertical lift module, and compact twin vertical lift module. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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