Fact.MR research intelligence presents the long-term outlook of the reach stacker market for 2019 to 2029. The reach stacker market is anticipated to register a volume CAGR of ~8% through 2029. The latest Fact.MR business intelligence indicates that the reach stacker market witnessed sales of 1,364 units in 2018, which are estimated to grow further by ~7% in 2019, owing to the strengthening demand for container handling equipment. Increasing traction for port material handling equipment, coupled with rapid expansion of growing number of sea ports, in line with the proliferating sea borne trading continues to augment market growth.
Gains Remain Concentrated in Sea Ports
Deployment of reach stackers continues to grow significantly across the increasing number of sea ports worldwide, which contributed to the sales of 973 units in 2018, while accounting for 70% of the overall market sales. This can be attributed to the fact that trade through marine ports contribute to ~80% of the international trade volume and ~ 70% of the total trade value. Though the sea port applications of reach stacker continue to accelerate rapidly, demand from yards/landslide is also growing, however at a much slower pace. An increased number of warehouses and factories are also adopting reach stackers, owing to the rapid industrial expansion in several countries, which in turn is highly likely to pace up the lucrativeness of market in the years to come.
Hybrid and Electrical Powered Machinery Growing Lucrative
As per the Fact.MR study, though the demand for internal combustion engine based reach stackers has been growing over the years, and witnessed sales of 1,124 units in 2018, sales of hybrid variants are also likely to pick pace. This falls in line with the growing manufacturer shift towards integrating advanced propulsion system into their reach stacker models. Eco-friendly variants are also anticipated to witness considerable demand in the forthcoming years due to the continuing global tension over the carbon emission from the industrial operations.
Request a Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=749
Amid the growing emission concerns and high operational costs of conventional reach stackers, several market players have placed their focus on manufacturing customized, hybrid and electric variants. For instance, a leading market player- Konecranes has recently launched a hybrid reach stacker with improved operator performance and maintenance-friendly solutions to boot. Such growing innovation-driven initiatives of market players have been estimated to lead the way to the future of container handling.
The global Reach Stacker Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the reach stacker market include Terex Corporation, Sany Group Hyster, Taylor Machine Works, Inc., Hoist Liftruck Mfg., LLC, Konecranes, Cargotec Corporation, Liebherr, Cvs Ferrari Srl, Hinrichs Forklifts, Linde, Dalian Forklift Co., Ltd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Reach Stacker Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/reach-stacker-market/download-sampleMarket DynamicsThe demand for reach stackers is growing across the globe as they are highly convenient to operate and transport containers from one place to another at small and medium-sized ports.
The prime factors that are propelling the market include an increasing number of airports as well as seaports, growing international trade and business, and convenience and flexibility offered by reach stackers.
Furthermore, factors such as innovation in transportation with IoT and other advanced technologies and growing initiatives by different countries to enhance the quality and size of ports are boosting the market.
With the enhancing efficiency of data-driven logistics, the swift, safe and precise container handling in ports and terminals has become even more important.
This is further making it impossible to imagine a sea port without a reach stacker, which can lift and move tens of thousands of containers daily.
As reach stacker can handle heavy containers efficiently even in narrow lanes, while ensuring the driver has ideal visibility, it is increasingly replacing forklift and other conventional container handling equipment.
Shipping continues to be the oxygen of global economy in numerous ways, with the international shipping industry responsible for the carriage of ~90% of world trade.
Seaborne trade continues to thrive, bringing benefits for consumers across the world via competitive freight costs.
In view of the growing seaborne trade, several sea ports are also undergoing massive expansion, which in turn is widening the bandwidth of opportunities for reach stacker manufacturers.
