With manufacturers rapidly increasing stacking and storage capacity of reach stackers, these container handling equipment are witnessing wide adoption at harbors worldwide.
reach stacker market acquired sales of 1,364 units in 2018. Looking at the current trends and swelling prospects, it is estimated that sales will shoot further by ~7% in 2019. Increasing traction for port material handling equipment, merged with hasty expansion in count of sea ports are expected to endure market growth in the coming years.— Fact.MR has recently published a fresh research report titled “Reach Stacker Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029”, which discourses prime facets associated to the overall expansion projected to occur in the global reach stacker market. It has been analyzed that, growing traction for reach stacker as a flexible container handling solution has been received quite well, thereby, influencing gains in the global market. This well-compiled intelligence specifies that the
According to report insights, the reach stacker market is predicted to register a volume CAGR of ~8% through 2029. This development can be accredited to manufacturing improvements focused towards stacking and storage capacity of reach stackers, since these handling equipment are receiving greater importance at harbors worldwide. This assessment is a convenient data source for readers and investors who wish to familiarize with the intrinsic details such as market taxonomy and market background comprising of macro-economic factors, value chain analysis and market dynamics. Furthermore, the inclusion of Y-o-Y growth trends, absolute $ opportunity analysis etc., tend to make this assessment highly informative for new entrants.
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Lucrative Prospects through Hybrid and Electrical Powered Machinery
Based on this Fact.MR study, the demand for internal combustion engine based reach stackers has showcased higher traction over the years. Interestingly, sales were recorded at 1,124 units in 2018, thereby, indicating positive market opportunities in the near future. Furthermore, sales of hybrid variants are expected to pick pace, as manufacturer are wanting to shift their focus towards the integration of advanced propulsion system into modern reach stacker models. On the other hand, dependency on electric or eco-friendly variants is also anticipated to experience considerable demand in the following years as a result of continuing global tension associated to carbon emission directed from industrial operations.
Deployment of Reach Stackers Remain Focused across Sea Ports
With the rising number of sea ports worldwide, the presence of reach stackers is likely to grow. This factor has conveniently contributed towards the sales of 973 units in 2018. The growth can be attributed to the primary reason that trade via marine ports funds ~80% of the international trade volume as well as ~ 70% of the total trade value. Above all, there is a rising trend among warehouses and factories to adopt reach stackers, mainly due to rapid industrial expansion across several countries.
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There are also reports that several reach stack manufacturers have been investing in advanced technology like automation. Such a step has been initiated to fulfill the growing demand for efficient and quick handling of containers of variable sizes. This escalating focus of manufactures on deploying automation for the development of highly efficient reach stackers is expected to motivate growth in the overall market. Some of the major players discussed in the report include Cargotec Corporation, Liebherr Group, Toyota Material Handling, Hyster-Yale Group, Inc., Konecranes Oyj, Sany Heavy Industry Co., Ltd. etc.
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