Press release
Stacker Market Competitive Analysis to 2026: CLARK Material Handling Company, Crown Equipment Corporation, Doosan Corporation, Hangcha Group
According to the report, the global stacker industry generated $2.03 billion in 2018, and is estimated to garner $3.13 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026.
The electric segment to maintain its lead status during the forecast period
Based on type, the electric segment contributed to more than one-third of the total share of the global stacker market in 2018, and is expected to maintain its lead status during the forecast period. Moreover, this segment is expected to register the fastest CAGR of 5.5% from 2019 to 2026.
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Drivers, restraints, and opportunities
Focus on robust & compact material handling equipment, surge in infrastructure projects across the globe, and multiple benefits such as usability and efficiency drive the global stacker market. However, variations in raw material prices and increase in adoption of forklift hinder the market growth.
The retail & wholesale segment to continue its lion's share in terms of revenue by 2026
Based on end user, the retail & wholesale segment accounted for the highest market share of the global stacker market, accounting for nearly two-fifths of the total market share in 2018, and is expected to continue its lion's share in terms of revenue by 2026. This is attributed to enhanced transportation network between different countries and continents leading to rise in storage of goods in warehouses.
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Key Findings of the Study:
o The report provides an extensive analysis of the current and emerging stacker market trends and dynamics.
o Depending on type, the electric segment dominated the stacker market, in terms of revenue, in 2018 and is projected to grow at a CAGR 5.5%, during the forecast period.
o By end-user, the retail & wholesale segment led the stacker market in 2018.
o Asia-Pacific is projected to register the highest growth rate in the coming years.
Leading market players:
o CLARK Material Handling Company
o Crown Equipment Corporation
o Doosan Corporation
o Godrej and Boyce Manufacturing Company
Limited
o Hangcha Group Co., Ltd.
o Hyster-Yale Materials Handling, Inc.
o Jungheinrich AG
o KION Group AG
o Mitsubishi Logisnext Co., Ltd.
o Toyota Industries Corporation
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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