Reach Stacker Market Is Currently Valued At US$ 2.64 Billion In 2023

Reach Stacker Market is expected to grow at a CAGR of 5.5% from 2023 to 2033 and is estimated to be worth US$ 2.64 billion in 2023.

Reach stackers are specialised vehicles used in ports, terminals, and other logistics applications for lifting, moving, and stacking containers and other big cargo. They are extensively utilised in the shipping and transportation sectors to manage containers of all sizes effectively. The market is expanding significantly as a result of rising containerization, increased worldwide trade, and the demand for reliable and efficient cargo handling.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=749?PS

Reach stacker demand is closely correlated with the expansion of container terminals, seaports, and logistics hubs globally. Reach stackers are required for the effective handling and movement of containers in ports and terminals due to the increased container traffic that is being caused by increasing international trade volumes. Reach stackers are needed to manage the increasing volume of goods as a result of infrastructure development initiatives like the expansion and construction of ports.

The shipping business is being completely transformed by the containerization trend, in which commodities are transported in standardized containers. For loading, unloading, and stacking these containers, reach stackers are essential. In addition, reach stackers are more operationally efficient than conventional handling techniques. They can lift and stack containers vertically, which improves space utilisation and speeds loading and unloading.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲

The global reach stacker market is projected to reach US$ 4.51 billion by 2033.
Growing shift towards tackling environmental issues and the need for cleaner & more sustainable operations is driving the sales of electric reach stackers.
North America and Europe hold significant market shares due to their advanced logistics infrastructure and extensive seaport facilities.

China, India, and other countries in the Asia Pacific region are emerging as profitable markets for reach stacker producers due to the presence of major shipping hubs, rapid industrialization, and expanding seaborne trade.
"Key manufacturers of reach stackers are investing heavily in R&D activities to improve the design & features of their current models and expand their customer base," says a Fact.MR analyst.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=749

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Key players in the reach stacker market are investing in research and development initiatives to continuously improve their models. They are also focusing on enhancing the lifting capacity, fuel efficiency, automation features, and operator comfort of reach stackers.

In March 2020, Konecranes secured a record-breaking contract for the supply of reach stackers in Germany. The contract, which is the largest in Konecranes history, was won in collaboration with their distributor Richter Fördertechnik GmbH & Co. KG. The order consists of 39 reach stackers with varying handling capacities, including 16-ton, 22-ton, and 6-ton containers.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

CVS Ferrari
Kalmar
Konecranes
Cargotec Corporation
Dalian Forklift Co., Ltd.
Hoist Material Handling, Inc.
Jay Equipment & Systems Pvt. Ltd.
Hyster-Yale Group, Inc.
Bomaq Industries SL
Linde Material Handling
Liebherr Group
Mitsubishi Forklift Trucks
Taylor Machine Works, Inc.
SANY Group
Toyota Material Handling
Anhui Jac International Co., Ltd.
TASK Forklift

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In July 2022, Kalmar, a leading player in the reach stacker industry, made the strategic decision to spin off its care business division. This move was aimed at redirecting its focus towards a broader range of products, specifically reach stackers, shuttle carriers, spreaders, straddle carriers, and forklifts. By divesting the care business division, Kalmar aimed to concentrate its resources and expertise on expanding its portfolio in the field of container handling equipment and related solutions.
Camblift introduced its first electric reach stacker in May 2022. It was designed to offer safer and higher production in a dependable and sustainable manner.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐑𝐞𝐚𝐜𝐡 𝐒𝐭𝐚𝐜𝐤𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

By Maximum Capacity:
Below 30 Tons
30 to 45 Tons
Above 45 Tons
By Application:
Seaports/Terminals
Yards/Landsides
Industrial

By Propulsion Type:
Internal Combustion Engine
Electric
Hybrid

By Sales Channel:
OEMs
Aftermarket

By Region:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global reach stacker market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights on the market based on maximum capacity (below 30 tons, 30 to 45 tons, above 45 tons), application (sea ports/terminals, yards/landsides, industrial), propulsion type (internal combustion engine, electric, hybrid), and sales channel (OEMs, aftermarket), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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This release was published on openPR.