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Stacker Crane Global Market Report 2024 - By Demand, Growth, Size And Share, Outlook By 2033
Stacker Crane Market
As per the report, the stacker crane market size has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The stacker crane market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Increasing Adoption Of Automation Drives The Growth Of The Stacker Crane Market
The increasing adoption of automation is expected to propel the growth of the stacker crane market going forward. Automation utilizes technology to carry out tasks autonomously or with minimal human involvement, often aimed at enhancing productivity and reducing manual effort. The increasing adoption of automation is due to rising labor costs, advancements in technology, the need for improved efficiency, increased competitiveness, and a growing focus on safety and reliability. Stacker cranes revolutionize warehouse operations by automating the storage and retrieval of goods, making operations more efficient and responsive to modern supply chain demands. They enhance productivity, optimize space, and reduce labor costs, driving increased adoption of automation in warehouses. For instance, in May 2023, according to the International Federation of Robotics, a Germany-based non-profit organization, industrial robot installations in manufacturing climbed by 12% overall in 2022 to reach 41,624 units. Therefore, the increasing adoption of automation is driving the growth of the stacker crane market.
Major Companies In The Stacker Crane Market Focus On Developing Innovative Solutions
Major companies operating in the stacker crane market are focused on developing innovative products, such as flagship industrial cranes, to enhance efficiency and productivity. A flagship industrial crane is a top-of-the-line or high-performance crane designed for heavy-duty industrial applications. These cranes are usually characterized by their advanced features, robust construction, high lifting capacities, and versatility to handle various loads and challenging operational environments. For instance, in March 2024, Konecranes Oyj, a Finland-based manufacturer of cranes, launched the flagship Konecranes X-series industrial crane. This innovative crane integrates advanced digital technologies to enhance operational efficiency and safety significantly. Its crucial feature is real-time monitoring and predictive maintenance capabilities facilitated by sensors and IoT connectivity. This smart, connected solution improves reliability and operational uptime and provides actionable insights to operators and maintenance teams, setting a new standard in industrial crane technology for efficiency and reliability.
The stacker crane market covered in this report is segmented -
1) By Type: Single Column, Double Column
2) By Operation: Semi-Automatic, Automatic
3) By Application: Autostart, Early Baggage Storage, Sortation System, Robotized Order Preparation
4) By End Use: Consumer Goods, E-Commerce And Retail, Pharmaceutical, Automotive, Other End Users
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Major companies operating in the stacker crane market are Toyoda Automatic Loom Works Ltd., Doosan Corporation, Kion Group AG, Murata Machinery Ltd., Jungheinrich AG, Daifuku Co. Ltd., KUKA AG, Hyster-Yale Materials Handling Inc., Schafer Systems International Inc., Vanderlande Industries B.V., KNAPP AG, Mecalux S.A., TGW Logistics Group GmbH, Swisslog Holding AG, Viastore SYSTEMS GmbH, Alstef Group SAS, System Logistics S.p.A, ATOX Sistemas De Almacenaje S.L., LTW Intralogistics GmbH, Cassioli Group S.r.l., Electromech Material Handling Systems (India) Private Limited, Uteco Contec S.r.l
Contents of the report:
1. Executive Summary
2. Stacker Crane Market Report Structure
3. Stacker Crane Market Trends And Strategies
4. Stacker Crane Market - Macro Economic Scenario
5. Stacker Crane Market Size And Growth
…..
27. Stacker Crane Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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