Vertical Reciprocating Conveyor Market Research Report Analysis by Competition, Sales, Revenue, Market Size

The vertical reciprocating conveyor market is expected to witness significant growth in the coming years, primarily driven by the increasing use of these conveyors in facilities like warehouses and distribution facilities, oil rigs and refineries, industrial plants, and manufacturing facilities for material handling.
A vertical reciprocating conveyor (VRC) is a reciprocating power-actuated lift that is used to carry objects vertically between two or more fixed elevations. These conveyors offer more efficient movement and storage of material in several facilities, especially those where one or more process areas or overhead storage are used.
VRCs provide numerous short- and long-term benefits in terms of functionality, utility, cost, and easy installation. They are also available in a broad range of capacities and various platform sizes. Aforementioned advantages provided by these conveyors are expected to boost the adoption of VRCs in the coming years, thereby driving market growth.
The vertical reciprocating conveyor market has been segmented based on product, type, application, and region.
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Based on types of VRCs, the light capacity sub-segment is predicted to grow steadily in the coming years. Light capacity conveyors are witnessing increased adoption in hotels and other such establishments to transport laundry smoothly from the ground floor to the basement, which is contributing to the segmental growth in the analysis period.
In terms of application, food & beverage processing facilities are increasingly adopting VRCs for their diverse food handling requirements. Thus, the rise in VRC uptake is expected to propel the growth of the food & beverage processing & packaging sub-segment in the assessment timeframe.
VRCs are considered a cost-effective and safe solution for material handling, and offer structural support and high weight capacity that enables them to transit heavy loads without any operator errors.
Moreover, these conveyors can be custom-built to fit the facility's requirements and require minimal maintenance and inspection, which makes them a preferable option for efficient material handling at numerous facilities.
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These factors are anticipated to escalate the demand for VRCs in warehouses, mining and construction facilities, and automotive dealerships, which is expected to propel the growth of the industry in the forecast timeframe.
Vertical reciprocating conveyors are also extensively adopted in hotels & lodging establishments, publishing/paper factories, and retail & department stores, among other such complexes.
In the regional landscape, MEA is speculated to attain sizable growth in the forecast period as robust tourism and expanding e-commerce sector in the Middle East is supporting the adoption of vertical reciprocating conveyors in the region.
VRCs are easy to install, cost-efficient, and custom-built, and enable seamless transfer of objects between floors, eliminating the need for manual labor and any margin of operator error. These benefits of VRCs are projected to positively affect the vertical reciprocating conveyor market outlook through the forecast period.
Report Content
Chapter 1   Methodology & Scope
1.1    Scope & definitions
1.2    Methodology & forecast parameters
1.3    COVID-19 impact
1.3.1    North America
1.3.2    Europe
1.3.3    Asia Pacific
1.3.4    Latin America
1.3.5    MEA
1.4    Data sources
1.4.1    Secondary
1.4.2    Primary
Chapter 2   Executive Summary
2.1    Vertical reciprocating conveyor industry 360º synopsis, 2017 - 2027
2.1.1    Business trends
2.1.2    Regional trends
2.1.3    Product trends
2.1.4    Type trends
2.1.5    Application trends
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