According to the report by Expert Market Research (EMR), the global reach stacker market size reached a value of approximately USD 2.46 billion in 2022. Aided by the escalating demand for efficient cargo handling equipment and the robust growth of the e-commerce sector, the market is projected to further grow at a CAGR of 5.40% between 2023 and 2028 to reach a value of USD 3.37 billion by 2028.
A reach stacker is a heavy-duty vehicle used for container handling and transportation within intermodal yards, ports, and terminals. Renowned for its versatility, it is extensively employed for handling shipping containers, heavy cargos, and rail payloads. Its significant roles include stacking and moving containers short distances rapidly, leading to efficient space utilisation and enhanced productivity, thus aiding the reach stacker market growth. Apart from its logistical properties, reach stackers also offer high lifting capacity, flexibility, and manoeuvrability, making them a valuable asset in various industrial applications, including logistics, seaports, and railway stations.
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The mounting demand for efficient and versatile cargo handling equipment is stimulating the global reach stacker market growth. As international trade proliferates and ports and terminals around the world see increased traffic, there has been a substantial shift towards the adoption of advanced handling equipment, leading to a surge in demand for reach stackers. Moreover, the rising trend of automation in the logistics sector has further bolstered the popularity of reach stackers, owing to their adaptability in automated cargo handling operations.
The extensive applications of reach stackers in diverse industries significantly propel the reach stacker market development. In the logistics industry, reach stackers are instrumental for rapid and efficient cargo movements, and in railway stations, they are utilised for swift loading and unloading of rail payloads. Similarly, at seaports, their high lifting capacities make them ideal for container handling tasks.
Furthermore, the growing emphasis on maximising operational efficiency in cargo handling operations has spotlighted the importance of reach stackers. The benefits of using such equipment include not only better space utilisation and increased productivity, but also reduced downtime and lower operational costs. This efficiency focus aligns with the global thrust towards sustainable and cost-effective industrial practices, thereby boosting the reach stacker market expansion.
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Reach Stacker Market Segmentation
The market can be divided based on capacity, propulsion, application, and region.
Market Breakup by Capacity
- Below 30 Ton
- 30-50 Ton
- Above 50 Ton
Market Breakup by Propulsion
- Electric
- Hybrid
- IC Engine
Market Breakup by Application
- Sea Ports
- Industrial
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global reach stacker companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- CVS Ferrari S.P.A.
- Cargotec Corporation
- Konecranes Plc
- Liebherr Group
- SANY Group
- Hoist Material Handling, Inc.
- Dalian forklift Co., Ltd.
- Komatsu Ltd.
- Taylor Machine Works, Inc
- Toyota Material Handling, Inc.
- Others
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