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The global reach stacker market attained a value of nearly USD 2.59 billion in 2023. The market is projected to grow at a CAGR of 5.40% between 2024 and 2032 to reach a value of around USD 4.16 billion by 2032.
Reach stacker refers to a type of container handling machine that is capable of lifting containers as heavy as 30-40 tonnes. This machine can transport containers over short distances quickly and efficiently and can pile them up in rows and columns.
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Based on capacity, the market is segmented into below 30 ton, 30-50 ton, and above 50 ton. On the basis of propulsion, the market is classified into electric, hybrid, and IC engine. By application, the market is categorised into sea ports and industrial. The major regional markets for reach stacker are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global reach stacker market report, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
In the market, electric reach stackers are likely to witness significant growth. These types of reach stacker can tilt both forwards and backwards, enabling safer handling of containers. They also offer convenient replacement of batteries, which saves time and reduces maintenance costs. Additionally, emergency reversing in electric reach stackers reduces the risk of accidents while enhancing the safety of operators.
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The Asia Pacific accounts for a significant reach stacker market share. The rising seaborne trading activities and strong foothold of reach stacker manufacturers across emerging economies of the region are driving the market. Moreover, amidst the improving global trade landscape, a greater number of reach stackers are utilised to enhance the operational efficiency of ports.
CVS Ferrari S.P.A. is a leading company which manufactures material handling machines, such as reach stackers, container handling lift trucks, and forklifts, among others. It was founded in 1974 and is headquartered in Piacenza, Italy.
Cargotec Corporation is a global company which offers solutions related to cargo and load handling. Founded in 2005 and headquartered in Helsinki, Finland, the company is known to manufacture high-quality load handling machines.
Konecranes Plc is a leading manufacturer of heavy equipment. The company manufactures and supplies overhead cranes, hoists, lift trucks, and container handling equipment, among others. It was established in 1994 and is headquartered in Hyvinkaa, Finland.
Other market players include Liebherr Group, SANY Group, Hoist Material Handling, Inc., Dalian forklift Co., Ltd., Komatsu Ltd., Taylor Machine Works, Inc, and Toyota Material Handling, Inc., among others.
REPORT FEATURES | DETAILS | |
Base Year | 2023 | |
Historical Period | 2018-2023 | |
Forecast Period | 2024-2032 | |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Capacity |
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Breakup by Propulsion |
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Breakup by Application |
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Breakup by Region |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of nearly USD 2.59 billion in 2023.
The market is estimated to grow at a CAGR of 5.40% in the forecast period of 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 4.16 billion by 2032.
The rising sales of electric reach stackers, the robust growth of the e-commerce sector, increasing seaborne trading activities, and increasing adoption of safety features in reach stackers are the major drivers of the market.
The key trends in the market include the growing research and innovations by leading market players to boost the load handling capability of reach stackers, the growing integration of innovative features in reach stackers, and rising investments in port development projects.
The major regions in market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Below 30 ton, 30-50 ton, and above 50 ton are the different capacities of reach stackers.
CVS Ferrari S.P.A., Cargotec Corporation, Konecranes Plc, Liebherr Group, SANY Group, Hoist Material Handling, Inc., Dalian forklift Co., Ltd., Komatsu Ltd., Taylor Machine Works, Inc, and Toyota Material Handling, Inc., among others, are the key market players.
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