Sales Of Stacker Cranes Are Projected To Grow At A Robust CAGR Of 7.0% During The Forecast Period 2022-2032

As per the global market study on stacker cranes, the market is expected to grow at a CAGR of 7% over the forecast period, from an estimated USD 976 million in 2021 to US$ 2 billion in 2032. Asia-Pacific is expected to lead the stacker crane market growth due to the rise of end-use industries and the adoption of AS/RS to improve material handling and logistics.

These benefits are expected to increase the size of the stacker crane market in the coming years. Furthermore, technological advancements and innovations in stackers provide profitable growth opportunities for market participants. On the other hand, the rising trend of forklift use is expected to stifle market growth.

The cost of installing a stacker crane design is initially high. The installation of this system necessitates precision, which necessitates the use of experienced personnel. Furthermore, the cost of maintaining and updating a large number of subsystems is often prohibitively expensive for businesses. Small and medium-sized businesses find it difficult to make such large investments. An automated storage and retrieval system's initial cost includes stacker crane systems, storage units, and racks.

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Key Takeaways:

• Owing of rising usage in China and India, the Asia Pacific is expected to occupy the greatest share of the stacker crane market opportunities by 2027.
• The single-column segment will have the biggest stacker crane market share during the projected period. Due to its application in the fast-moving goods industry, the single-column category is likely to have a large market share over the forecast period.
• New product developments and expansions will provide profitable prospects for market players in the next five years.
• Emerging Trends in the stacker crane market predict rising demand for automated storage and retrieval solutions.
• The fastest-growing segment is projected to be automatic stacker cranes. The automatic stacker crane is a low-energy mechanism that stores and retrieves items in a single cycle.

Stackers improve accessibility in tight and compact spaces, can be easily moved from one position to another, are less expensive to operate, and are easy to maintain. Furthermore, in recent years, the demand for safe and effective material handling equipment in a variety of cross-industry verticals has increased stacker crane sales.

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Key Segments
By Operation Type:
• Semi-automatic
• Automatic

By End-use Industry:
• Consumer Goods
• E-commerce/Retail and Wholesale
• Pharmaceutical
• Automotive
• Others

By Application:
• Autostart
• Early Baggage Storage (EBS)
• Sortation System
• Robotized Order Preparation

By Type:
• Single Column
• Double Column

By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.