reach svhc analysis consulting

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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.

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.