Stacker Market by type and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026

Executive Summary

According to the report, titled, 'Global Stacker Market by Type and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global stacker market was valued at $2,033.1 million in 2018, and is projected to reach $3,136.2 million by 2026, registering a CAGR of 5.3% from 2019 to 2026.

In 2018, based on type, the electric segment accrued the largest share in the stacker market. Expansion of the construction and logistics industry throughout the globe, especially in emerging nations such as China and India drives the stacker market growth. Moreover, stacker is suited for heavy tasks, owing to their features such as high load capacity, versatility, and flexibility. Thus, such advantageous features are expected to fuel the demand for stacker market in the coming years.

In 2018, on the basis of end-user, the retail & wholesale segment garnered a significant market share, owing to the expansion of the e-commerce sector in developing regions. In addition, logistics and food & beverages segments is expected to exhibit significant growth during the forecast period. In terms of region, Asia-Pacific and Europe collectively contributed for around 74.8% of the total market share in 2018.

The key players profiled in the stacker market report include CLARK Material Handling Company, Crown Equipment Corporation, Doosan Corporation, Godrej and Boyce Manufacturing Company Limited, Hangcha Group Co., Ltd, Hyster-Yale Materials Handling, Inc, Jungheinrich AG, KION Group AG, Mitsubishi Logisnext Co., Ltd, and Toyota Industries Corporation. The major players operating in the global stacker market have adopted key strategies such as product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in May 2017, Hyster Europe, a brand of Hyster-Yale, launched S1.2IL, S1.4IL, and S1.6IL models with initial lifts. The products offer low energy consumption and provide acceleration speed of up to 6km/h. S1.6IL provides a reach height of up to 6 meters. Similarly, in May 2019, U.S. based Crown Equipment Corporation launched new DS 3040 double stacker, which is produced and developed in Germany. It features load capacities of up to 2 tons and lift heights of up to 2.3 meters. It also offers high stability for medium-heavy applications such as shelf replenishment, pallet transport, and lorry unloading.

Key Findings of the Study
The report provides an extensive analysis of the current and emerging stacker market trends and dynamics.
Depending on type, the electric segment dominated the stacker market, in terms of revenue, in 2018 and is projected to grow at a CAGR 5.5%, during the forecast period.
By end-user, the retail & wholesale segment led the stacker market in 2018.
Asia-Pacific is projected to register the highest growth rate in the coming years.
Key market players within the stacker market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the stacker industry.
The report provides an extensive analysis of market trends and emerging opportunities.
In-depth, the stacker market analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
The global stacker market forecast analysis from 2019 to 2026 is included in the report.

Companies Mentioned

• CLARK Material Handling Company
• Crown Equipment Corporation
• Doosan Corporation
• Godrej Boyce Manufacturing Company Limited
• Hangcha Group Co. Ltd
• Hyster-Yale Materials Handling Inc
• Jungheinrich AG
• KION Group AG
• Mitsubishi Logisnext Co. Ltd
• Toyota Industries Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.