Reach Stacker Market Size, Growth Opportunities, Trends By Manufacturers, Regions, Application & Forecast To 2027

 

Increasing Demand for Material Handling Equipment to Enhance Warehouse Productivity

The past couple of decades have witnessed exponential rise in trade volumes around the world as a result of a number of free trade agreements, including NAFTA, AFTA, and TPSEP, among others. The commendable rise in the seaborne trade is one of the primary factors expected to drive the expansion of the global reach stacker market in the upcoming years. The demand for material handling equipment such as reach stacker continues to move in the upward trajectory, due to the booming e-Commerce sector, significant growth in the activity across seaports worldwide, booming industrial sector particularly in developing regions, and increasing focus on boosting economic growth.

The material handling equipment space has evolved at a rapid pace over the past decade due to advancements in technology and considerable improvements in the application of various engineering concepts. Players operating in the current reach stacker market are increasingly focusing on the development of customized reach stackers as per the requirement of clients from various industrial domains. In addition, improving the efficiency and quality of the products is another parameter the players operating in the current market landscape are expected to focus on to gain a competitive edge during the forecast period.

At the back of these factors, increasing trade, rise in seaborne trade, and rising demand for reach stacker from the industrial sector, the global reach stacker market is anticipated to surpass the US$ 600 Mn mark by the end of 2030.

Request a sample to get extensive insights into the Reach Stacker Market https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=62691

Liebherr LRS 645 45-Ton Reach Stacker Container Handler For Sale Stackers Maritime Port & Terminal Cargo Handling Equipment 10519 CraneMarket

High Demand for Warehouse Applications to Aid Market Growth

Although the demand for reach stacker for warehouse applications is expected to remain most prominent, the demand from seaports and terminals has witnessed consistent growth over the past few years– a trend that is expected to gain further momentum during the assessment period. Warehouse management has gradually gained considerable spotlight over the past few years, due to a significant boom of the e-Commerce sector worldwide. The adoption of reach stacker across the warehouses has witnessed considerable growth to ensure optimum efficiency, workflow, and productivity. This factor is expected to propel the global reach stacker market during the forecast period. As the name suggests, reach stackers are primarily designed for reach and stack application in which, the use of conventional forklifts is restricted due to their height and reach. Reach stackers continue to have a positive influence on the warehouse storage fleet, and offer a practical solution for applications that require reaching and stacking of materials within the warehouse. Furthermore, as reach stacker provides added advantage of working in narrow aisles and reach a height of up to 14 meters, the adoption continues to witness growth.

Some of the most widely used reach stackers include side loaders, pallet jacks, cranes, and turret trucks. Due to mounting environmental concerns and evolving regulatory landscape, the demand for hybrid and electric reach stackers is on the rise.

Market Players Focus on Expanding Product Portfolio to Gain Competitive Edge

Due to the evolving industrial and regulatory landscape, market players operating in the current reach stacker market are compelled to diversify their product range and offer customized solutions to their end users to gain a competitive edge. For instance, Konecranes announced the launch of the first-of-its-kind hybrid reach stacker that is expected to comply with emission guidelines, boost productivity, minimize fuel consumption, and improved operator performance. Similarly, due to the increasing focus on minimizing carbon emissions, in September 2020, XCMG announced the launch of an electric reach stacker that is integrated with a maintenance-free battery and a smart power management system and energy recycle technology.

Demand to Remain Steady amid COVID-19 Pandemic

The growth of the global reach stacker market is likely to remain steady amid the ongoing COVID-19 pandemic, as the e-Commerce sector has witnessed considerable movement in 2020. The shutdown of brick and mortar stores and restrictions on movement, transport, and trade led to a sizeable rise in the number of online orders due to which, warehouse management gained notable spotlight. Although the low trade activity, especially in the first half of 2020, is likely to hinder the demand for reach stackers, the market is projected to witness steady growth in 2020.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Reach Stacker Market https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=62691

Analysts’ Viewpoint

The global reach stacker market is projected to expand at a moderate CAGR of ~4% during the forecast period. The market growth can be primarily attributed to factors, including the booming e-Commerce sector, rising seaborne trade activity, increasing focus on boosting productivity, and warehouse management. Players involved in the current market landscape are launching new reach stackers that comply with regulatory guidelines and minimize carbon emissions, while simultaneously boosting productivity and efficiency.

Reach Stacker Market: Overview

  • The global reach stacker market is anticipated to expand at a CAGR of ~4% during the forecast period, owing to increase transportation of goods and commodities across the globe. This, in turn, is likely to increase the demand for reach stacker across various industries and ports. Major material handling manufacturers are investing to increase the load carrying capacity of reach stackers. However, the introduction of electric and hybrid reach stackers is anticipated to boost the reach stacker market across the globe.
  • The logistics industry is continuously witnessing rapid transformation, emerging technologies are carving the future of logistics, including the incorporation of GPS and automated material handling equipment and biometrics. Additionally, the Internet of Things (IoT) has the potential to transfer data through networks, while ensuring safety and security drivers of reach stackers.
  • Increasing investment in improvement of quality and size of ports by various countries is anticipated to boost the storage capacity of ports. However, major countries are upgrading their ports and also investing on maintenance of ports, which, in turn, is projected to increase the size of the ports, which is estimated to directly increase the capacity of container handling and the import & export capacity of containers at the port.
  • Introduction to autonomous and semi-autonomous reach stacker is likely to propel the reach stacker market across the globe. Development of ports and increase in exchange of goods across developing countries are anticipated to propel the reach stacker market across the globe.
  • Rise in the number of containers at ports and increase in number of global businesses that require container handling equipment are expected to drive the demand for reach stackers during the forecast period. Growing trend of online shopping has increased the demand for advanced material handling equipment in warehouse centers. E-commerce and third-party logistics companies in the market are increasingly installing reach stackers in warehouses and distribution centers to store products in order.

Challenges for Reach Stacker Market

  • Various governments in Europe, the Americas, and rest of the world have shut down manufacturing plants, as a result the forceful quarantine in order to reduce the spread of the infection. This is likely to restrain the reach stacker market in the year 2020. However, aggressive monitory policies have been enacted by several governments across the globe in order to reduce financial losses caused by the coronavirus pandemic, which is estimated to drive the global reach stacker market in 2021.
  • Growing seaborne activities across the globe is likely to increase the demand for deck cranes to lift heavy cranes. This is likely to pose a challenge for the reach stacker market across the globe. High initial cost is required for the installation of reach stacker, which is also a key factor that restrains the reach stacker market across the globe.
 
 

Comments

Post a Comment

Popular posts from this blog

Advanced Authentication Market 2020 Industry Size, Share, Regional Growth Analysis, Share, Trends and Forecast 2027

Image
Security threats in every industry have been growing continuously, with hackers constantly finding different ways to hack data, and viruses being created to hack private information from individual users and enterprises. Today, most users prefer to perform transactions online; hence, it becomes necessary for an organization to put together verification solutions which help in secure access. Organizations need a reliable authentication system to confirm the truth of somebody (person) or something (object). The manual password method is too often copied, breached, or shared, thus exposing data to theft. The Criminal Justice Information System (CJIS) obligated the use of advanced authentication in organizations in order to maintain the privacy and security of data. This mandate to use the system affects all agencies that access the CJIS network, including law enforcement agencies, the judicial system, and public safety. The advanced authentication system is again revamped or advanced in...
Read more

Industrial PC Market Outlooks 2021: Market Size, Cost Structures, Growth rate and Industry Analysis to 2027

Image
 Internet of Things (IoT) is gaining popularity by the day. And, this is translating into growth statistics for the technology. In 2019, for instance, about 26.66 billion IoT devices were in use. And, as per a latest study, by 2025, the number would be up to 75 billion. It is not surprising considering that some 127 new per second are being connected. And, while this includes both industry-based and end-consumer based, statistics, these show a decent picture for understanding the demand curve for industrial PCs. It is important to note here that as Internet of Things is adopted by a plethora of industries such as manufacturing, transportation, food and beverage, and for use in applications such as surveillance, and automation, demand for industrial PCs will see a steep upward curve between 2017 and 2025. As per a Transparency Market Research report, the global  industrial PC market  is set to grow at an impressive CAGR (Compound Annual Growth Rate) of 10.7%, accruing a wo...
Read more

Powered Storage Devices Market Segments And Sub-Segments, Market Trends And Dynamics, Supply And Demand, Market Size 2027

Image
Global Powered Storage Devices Market: Overview The global powered storage devices market will see impressive growth over the forecast period of 2019 to 2027. The steady CAGR (Compound Annual Growth Rate) will chart an upward trajectory, creating new opportunities for growth – something market players would scurry to make the most of. Besides, it will lead to improvement in market worth. Major factors behind the stated growth will be the hustle to reduce costs, rising population- driving demand for power upward, and need to store energy from renewable sources to fix the issue of erratic supply. Global Powered Storage Devices Market: Competitive Analysis The global powered storage devices market is witnessing numerous developments that are not just significant for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report. The global powered storage devices market is consolidated an...
Read more