According to the research report titled ‘Vertical Reciprocating Conveyor Market Size By Product (Mechanical VRCs, Hydraulic VRCs), By Type (Light Capacity, Heavy Capacity), By Application (Warehouse & Distribution, Manufacturing Facility, Military & Government Facility, Oil Rigs & Refineries, Pharmaceutical/Chemical Plants, Food & Beverage Processing & Packaging, Publishing/Paper, Printing & Publication, Automotive Dealership, Hotels & Lodging, Retail & Department Stores, Mining & Construction), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, vertical reciprocating conveyor market is anticipated to witness massive growth during 2021-2027.
 

Report findings suggest that the expansion of vertical reciprocating conveyor market is primarily attributed to rising product deployment in warehouse and distribution facilities, oil & gas refineries, manufacturing facilities, and industrial plants for material handling.

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For the unversed, vertical reciprocating conveyor (VRC) is a reciprocating power-actuated elevator that transports goods between two or more fixed heights vertically. These conveyors provide more efficient material flow and storage in a variety of facilities, particularly those with one or more process areas or overhead storage.

In terms of performance, usability, affordability, and ease of installation, VRCs offer several short- and long-term benefits. They're also available in a wide variety of capacities and platform sizes. Also, VRCs are simple to set up, cost-effective, and custom-built, and they allow seamless object transportation across levels, removing the need for physical labor and any margin for error. These advantages are expected to boost the industry growth over the forecast period.

Based on type, the light capacity segment of vertical reciprocating conveyor industry is anticipated to grow at a constant pace in the forthcoming years, owing to increasing adoption in hotels and similar places to transport laundry from ground floor to basement.

In terms of application ambit, food & beverages processing & packaging segment is expected to propel the industry during the assessment period, owing to rising VPR uptake to fulfill diverse food handling requirements.

As per regional landscape, Middle East & Asia market is expected to rise significantly over the projected period, owing to the robust tourism vertical, and rising popularity of e-commerce in the region, which are driving the
adoption of vertical reciprocating conveyors.

The key players in vertical reciprocating conveyor marketplace are Wildeck, Inc., Ward Ventures, Inc., Verticon, LLC, The Rembert Co., Inc., The Conveyor Guys, Technovision Engineering Pvt. Ltd., SJF Material Handling Inc., Qimarox, Inc., PWI Works, Precision Automation Company, Inc., PFlow Industries, Inc., NERAK Systems, Inc., Maximum Material Handling LLC, Indesco, Inc, Hoosier Crane Service Company, Hidral USA, Inc., GEDA USA, GEBHARDT Fördertechnik GmbH, Zhejiang DAMON Industrial Equipment Co. Ltd., Custom Industrial Products, Inc., Beech Design & Manufacturing, Autoquip Corporation, Arbon Equipment Corporation, American International Group, Inc., and Advance Lifts, Inc.