The global vertical lift module (VLM) market is expected to be valued at US$ 595.86 mn by 2025 from US$ 358.15 mn in 2018. The market will register at a CAGR of 7.58% throughout the forecast period. […] The global vertical lift module (VLM) will grow at a significant rate due to the growing adoption of VLM in various end-use industries such as automotive, healthcare, semiconductor, aviation, and electronics. […] However, the availability of the used vertical lift modules (VLMs) is creating a negative impact on the growth of the market.
Source: wiktionary