Stacker Crane Market- New Technological Development Projecting Massive Growth till 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. The size of the global stacker crane market was valued at US$ 976 million in 2021 and is anticipated to reach US$ 1 billion in 2022. Sales of stacker cranes are anticipated to increase overall at a CAGR of 7.0% and reach about US$ 2.02 billion by 2032.

China is quickly becoming the world's leading market for stacker cranes thanks to its extensive manufacturing sector, booming export industry, and rising adoption of automation. According to FMI, the China stacker crane market will expand at a strong CAGR between 2022 and 2032.

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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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These advantages are expected to expand the stacker crane market in the coming years. Furthermore, technological advancements and innovations in stackers provide market participants with profitable growth opportunities. The rising trend of forklift use, on the other hand, is expected to stifle market growth.

The initial cost of installing a stacker crane design is high. Precision is required for the installation of this system, which necessitates the use of experienced personnel. Furthermore, for businesses, the cost of maintaining and updating a large number of subsystems is frequently prohibitively expensive. Such large investments are difficult for small and medium-sized businesses to make. The initial cost of an automated storage and retrieval system includes stacker crane systems, storage units, and racks.

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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This release was published on openPR.