Pune, Maharashtra, India, September 18 2020 (Wiredrelease) Allied Analytics :A number of domestic players are expanding their business in the Asia-Pacific region, owing to the increased customer base, enhanced effective operations, developed product portfolios, and expanded regional reach. This is anticipated to fuel the demand for stackers.
According to a new report published by Allied Market Research, 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.
Focus on robust compact material handling equipment, a surge in infrastructure projects across the globe, and multiple benefits such as usability and efficiency drive the global stacker market. However, variations in raw material prices and an increase in the adoption of forklift hinder market growth.
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Based on end-user, the retail wholesale segment accounted for the highest market share of the global stacker market, accounting for nearly two-fifths of the total market share in 2018, and is expected to continue its lions share in terms of revenue by 2026. This is attributed to enhanced transportation networks between different countries and continents leading to a rise in the storage of goods in warehouses.
Based on type, the electric segment contributed to more than one-third of the total share of the global stacker market in 2018 and is expected to maintain its lead status during the forecast period. Moreover, this segment is expected to register the fastest CAGR of 5.5% from 2019 to 2026. This is attributed to environment-friendly nature and their effectiveness in bringing materials or components to a production line along with eliminating waste materials by-products. The report also analyzes the segments including manual/hydraulic and semi-electric.
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.
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Leading market players
• 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.
• Toyota Industries Corporation
The products offer low energy consumption and provide an 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 a new DS 3040 double stacker, which is produced and developed in Germany. It features load capacities of up to 2 tons and lifts 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.
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