The reach stacker global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Reach Stacker Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size —
The reach stacker market size has grown strongly in recent years. It will grow from $2.45 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to global trade expansion, port infrastructure development, renewable energy adoption, cargo vessel size increase, growing container traffic..
The reach stacker market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to environmental regulations, urbanization and industrialization, port capacity expansion, e-commerce growth, renewable energy adoption, increasing adoption in developing regions.. Major trends in the forecast period include integration of telematics and iot, electric and hybrid reach stackers, advancements in operator comfort and safety, automation and remote control systems, customization and versatility..
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Scope Of Reach Stacker Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Reach Stacker Market Overview
Market Drivers –
The commendable rise in seaborne trade across the world is propelling the reach stacker market going forward. The seaborne trade is the transportation of goods by ship across the sea, and the trade balance accounts for the difference in the volumes of loaded and discharged goods, which are inextricably linked to the transit policies, enterprises, and facilities of other countries. Reach stacker vehicles are used in sea terminals or ports to transport intermodal cargo containers, and seaborne trade. The use of reach stackers continues to grow, benefiting consumers around the world through lower freight costs, increasing efficiency of shipping as a mode of transportation, and increased economic liberalization. For instance, In October 2022, according to the United Nations Conference on Trade and Development (UNCTAD) Handbook of Statistics, a Switzerland-based intergovernmental organization, the global seaborne trade increased by 3.2% in 2021, and developing economies accounted for the largest share in terms of seaborne trade, with 55% of goods loaded and 6% of goods discharged of the world total in 2021. Therefore, the rise in seaborne trade across the world is driving the reach stacker market.
Market Trends —
Technology-driven solutions are gaining popularity as a major trend in the reach stacker market. Major market players are introducing innovative solutions to sustain their market position. For instance, in May 2022, Camblift, a Sweden-based material handling equipment manufacturer launched its first reach stacker. The reach stacker offers a safe and ergonomic workplace with higher efficiency in production and it is available in both electric and diesel versions, with green fuel technology globally. It has the ability to be driven by clean energy.
The reach stacker market covered in this report is segmented –
1) By Capacity: Below 30 Ton, 30–45 Ton, Above 45 Ton
2) By Propulsion: Internal Combustion Engine, Electric, Hybrid
3) By Application: Sea Port/ Terminal, Yards/Landside, Industrial
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Regional Insights —
Asia-Pacific was the largest region in the reach stacker market in 2023. The regions covered in the reach stacker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies —
Major companies operating in the reach stacker market report are Cargotec Corporation, Komatsu Ltd., Dalian Forklift Co. Ltd., Hoist Material Handling Inc., Hyster-Yale Group Inc., Jay Equipment & Systems Pvt. Ltd., Konecranes Oyj, Liebherr Group, Linde Material Handling GmbH, CVS ferrari S.P.A, SANY Group, Task Forklift, Sca Heavy Equipment Pvt. Ltd., Hangcha Forklift, CTR Manufacturing Industries Private Limited, Toyota Material Handling Group, Kalmar, Terex Corporation, Taylor Machine Works Inc., HANGCHA Group Co. Ltd., Anhui Heli Co. Ltd., Lonking Holdings Limited, Manitou Group, Mitsubishi Heavy Industries Ltd., Doosan Corporation Industrial Vehicle, Hyundai Heavy Industries Co. Ltd., Clark Material Handling Company, Crown Equipment Corporation, Raymond Corporation, Yale Materials Handling Corporation, Jungheinrich AG .
Table of Contents
1. Executive Summary
2. Reach Stacker Market Report Structure
3. Reach Stacker Market Trends And Strategies
4. Reach Stacker Market — Macro Economic Scenario
5. Reach Stacker Market Size And Growth
…..
27. Reach Stacker Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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