Introduction:
Global Vertical Lift Module (VLM) And Carousel-Based ASRS Market Size is expected to USD 6,194.9 Million by 2032, at (CAGR) of 7.3 % during the forecast period (2023 - 2032).
The Vertical Lift Module (VLM) and Carousel-Based Automated Storage and Retrieval Systems (ASRS) Market are transforming the landscape of warehouse automation, providing efficient and space-saving solutions for storage and retrieval processes. These automated systems optimize warehouse operations, enhance storage capacity, and contribute to overall supply chain efficiency. This article explores the trends, applications, and key aspects shaping the VLM and Carousel-Based ASRS Market.
Market Overview:
Vertical Lift Modules (VLMs) and Carousels are integral components of Automated Storage and Retrieval Systems designed to streamline the storage and retrieval of goods in a wide range of industries. VLMs are vertical towers with trays or carriers that automatically retrieve items, while Carousels are rotating shelves or bins that bring items to the operator. Both systems offer high-density storage, real-time inventory management, and increased operational efficiency.
Key Drivers:
- Need for Space Optimization:
The scarcity of warehouse space and the increasing demand for efficient space utilization are driving the adoption of VLMs and Carousels. These systems make use of vertical space, allowing warehouses to store more items in a smaller footprint.
- Rising E-commerce and Order Fulfillment Demand:
The growth of e-commerce and the need for rapid order fulfillment have led to a surge in demand for automated storage solutions. VLMs and Carousels enable faster and more accurate order picking, reducing turnaround times and improving customer satisfaction.
- Enhanced Inventory Management:
VLMs and Carousels contribute to accurate inventory management by automating the tracking and retrieval of items. Real-time inventory updates and precise picking processes reduce errors and ensure better control over stock levels.
- Labor Cost Reduction:
Automation in storage and retrieval minimizes the reliance on manual labor for mundane and repetitive tasks. As a result, warehouses can achieve cost savings by optimizing labor resources and focusing human efforts on more complex and strategic tasks.
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Key Companies in the Vertical Lift Module (VLM) And Carousel-Based ASRS Market include:
- 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
- Systec Group
Market Trends:
- Integration with Warehouse Management Systems (WMS):
The integration of VLMs and Carousels with advanced Warehouse Management Systems is a growing trend. This integration enhances overall warehouse efficiency by providing real-time data, optimizing order fulfillment, and facilitating seamless communication between different systems.
- Use of Goods-to-Person (G2P) Technology:
The adoption of Goods-to-Person technology is on the rise, especially in the context of VLMs. This technology involves bringing the items directly to the operator, reducing the time spent on walking and improving picking rates, making the overall process more efficient.
- Energy Efficiency and Sustainability:
The emphasis on sustainability has led to the development of energy-efficient VLMs and Carousels. Manufacturers are incorporating features such as regenerative braking, energy-efficient motors, and intelligent power management to reduce the environmental impact of these systems.
- Customization for Diverse Industries:
VLMs and Carousels are increasingly being customized to meet the specific requirements of different industries. Whether in pharmaceuticals, automotive, or retail, these systems are designed to accommodate various product sizes, weights, and handling needs.