Reach Stacker Global Market Report 2024

The reach stacker market size has grown strongly in recent years. It will grow from $2.45 billion in 2023 to $2.6 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The expansion observed in the historical period can be attributed to the expansion of global trade, the development of port infrastructure, the adoption of renewable energy, the increase in cargo vessel size, and the growing volume of container traffic.

The reach stacker market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated expansion in the forecast period can be ascribed to environmental regulations, urbanization and industrialization, the expansion of port capacity, the growth of e-commerce, the adoption of renewable energy, and increasing usage in developing regions. Key trends expected in the forecast period encompass the integration of telematics and IoT, the introduction of electric and hybrid reach stackers, advancements in operator comfort and safety, the implementation of automation and remote control systems, as well as a focus on customization and versatility.

The commendable upswing in global seaborne trade is set to propel the reach stacker market in the future. Seaborne trade involves the transportation of goods by ship across the sea, and the trade balance is influenced by the volumes of loaded and discharged goods, intricately tied to transit policies, enterprises, and facilities of other nations. Reach stacker vehicles find application in sea terminals or ports for transporting intermodal cargo containers, supporting seaborne trade. The continued growth in the use of reach stackers brings benefits to consumers worldwide, contributing to lower freight costs, increased shipping efficiency, and enhanced economic liberalization. For example, in October 2022, the United Nations Conference on Trade and Development (UNCTAD) Handbook of Statistics reported a 3.2% global increase in seaborne trade in 2021, with developing economies accounting for 55% of goods loaded and 6% of goods discharged globally in 2021. Hence, the surge in global seaborne trade is a driving force for the reach stacker market.

The anticipated growth in international trade exports is poised to drive the expansion of the reach stacker market. International trade involves the exchange of goods, services, and capital across national borders, facilitating the buying and selling of products and services between countries. Reach stackers play a crucial role in optimizing container handling operations, enhancing efficiency, and facilitating the smooth flow of goods in international trade. Their versatility, speed, and adaptability make them valuable assets in the logistics and transportation industry. For instance, in November 2023, the U.S. Census Bureau reported a total exportation of $256.2 billion in the U.S. in March 2023, exceeding February 2023 by $5.3 billion. Therefore, the anticipated growth in international trade exports is fueling the expansion of the reach stacker market.

The escalating urbanization trend is expected to drive the reach stacker market in the future. Urbanization involves the growth of cities and a higher percentage of the population residing in urban areas. This phenomenon leads to an increase in the middle class, subsequently driving demand for infrastructure. Reach stackers, as material-handling vehicles, play a crucial role in loading containers in ports, railroad stations, and industrial sites, contributing to infrastructure development activities. For example, in January 2022, the United States Department of Commerce reported a U.S. population of 332,403,650 in 2022, reflecting a 0.21% increase from 2021. Therefore, the rise in urbanization is a key driver for the growth of the reach stacker market.

Technology-driven solutions are gaining prominence as a major trend in the reach stacker market, with major players introducing innovative solutions to maintain their market position. For example, in May 2022, Camblift, a Sweden-based material handling equipment manufacturer, launched its first reach stacker, providing a safe and ergonomic workplace with higher production efficiency. It is available in both electric and diesel versions, incorporating green fuel technology on a global scale.

Major companies in the reach stacker market are focusing on innovative products, such as reach stackers, to drive revenues. Reach stackers are specialized industrial vehicles used for handling and transporting intermodal containers within shipping yards, ports, and logistics facilities. In March 2023, Konecranes Plc, a Finland-based company specializing in lifting equipment and services, introduced the Liftace reach stacker. These reach stackers are engineered to be compatible with contemporary drive technology and control systems, suitable for various logistical locations due to their high loading capacity and operating speeds. Renowned for their quality, robust construction, and reliability, these reach stackers withstand the rigors of professional freight handling, offering a lifting range of 10 to 46 tons.

Major companies operating in the reach stacker market report are Cargotec Corporation, Komatsu Ltd., Dalian Forklift Co. Ltd., Hoist Material Handling Inc., Hyster-Yale Group Inc., Jay Equipment & Systems Pvt. Ltd., Konecranes Oyj, Liebherr Group, Linde Material Handling GmbH, CVS ferrari S.P.A, SANY Group, Task Forklift, Sca Heavy Equipment Pvt. Ltd., Hangcha Forklift, CTR Manufacturing Industries Private Limited, Toyota Material Handling Group, Kalmar, Terex Corporation, Taylor Machine Works Inc., HANGCHA Group Co. Ltd., Anhui Heli Co. Ltd., Lonking Holdings Limited, Manitou Group, Mitsubishi Heavy Industries Ltd., Doosan Corporation Industrial Vehicle, Hyundai Heavy Industries Co. Ltd., Clark Material Handling Company, Crown Equipment Corporation, Raymond Corporation, Yale Materials Handling Corporation, Jungheinrich AG.

Asia-Pacific was the largest region in the reach stacker market in 2023. The regions covered in the reach stacker market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the reach stacker market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Reach stackers are categorized primarily based on their capacity, with options below 30 tons, 30-45 tons, and above 45 tons. Reach stackers exceeding 45 tons in capacity are employed for material handling tasks requiring a maximum load lifting capacity exceeding 45 tons. The means of propulsion include internal combustion engines, electric power, and hybrid systems, and they find application in various settings such as seaports or terminals, yards or landside, and industrial environments.

The reach stacker market research report is one of a series of new reports that provides reach stacker market statistics, including reach stacker industry global market size, regional shares, competitors with a reach stacker market share, detailed reach stacker market segments, market trends and opportunities, and any further data you may need to thrive in the reach stacker industry. This reach stacker market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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