The Reach Stacker by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Reach Stacker, 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 growth in the historic period can be attributed to global trade expansion, port infrastructure development, renewable energy adoption, cargo vessel size increase, growing 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 growth in the forecast period can be attributed to environmental regulations, urbanization and industrialization, port capacity expansion, e-commerce growth, renewable energy adoption, increasing adoption in developing regions.. Major trends in the forecast period include integration of telematics and iot, electric and hybrid reach stackers, advancements in operator comfort and safety, automation and remote control systems, customization and versatility..
The commendable rise in seaborne trade across the world is propelling the reach stacker market going forward. The seaborne trade is the transportation of goods by ship across the sea, and the trade balance accounts for the difference in the volumes of loaded and discharged goods, which are inextricably linked to the transit policies, enterprises, and facilities of other countries. Reach stacker vehicles are used in sea terminals or ports to transport intermodal cargo containers, and seaborne trade. The use of reach stackers continues to grow, benefiting consumers around the world through lower freight costs, increasing efficiency of shipping as a mode of transportation, and increased economic liberalization. For instance, In October 2022, according to the United Nations Conference on Trade and Development (UNCTAD) Handbook of Statistics, a Switzerland-based intergovernmental organization, the global seaborne trade increased by 3.2% in 2021, and developing economies accounted for the largest share in terms of seaborne trade, with 55% of goods loaded and 6% of goods discharged of the world total in 2021. Therefore, the rise in seaborne trade across the world is driving the reach stacker market.
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The reach stacker market covered in this report is segmented –
1) By Capacity: Below 30 Ton, 30-45 Ton, Above 45 Ton
2) By Propulsion: Internal Combustion Engine, Electric, Hybrid
3) By Application: Sea Port/ Terminal, Yards/Landside, Industrial
Top Major Players
Cargotec Corporation
Komatsu Ltd.
Dalian Forklift Co. Ltd.
Hoist Material Handling Inc.
Hyster-Yale Group Inc.
Technology-driven solutions are gaining popularity as a major trend in the reach stacker market. Major market players are introducing innovative solutions to sustain their market position. For instance, in May 2022, Camblift, a Sweden-based material handling equipment manufacturer launched its first reach stacker. The reach stacker offers a safe and ergonomic workplace with higher efficiency in production and it is available in both electric and diesel versions, with green fuel technology globally. It has the ability to be driven by clean energy.
The reach stacker market report table of contents includes:
1. Executive Summary
2. Reach Stacker Market Characteristics
3. Reach Stacker Market Trends And Strategies
4. Reach Stacker Market - Macro Economic Scenario
5. Global Reach Stacker Market Size and Growth
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31. Global Reach Stacker Market Competitive Benchmarking
32. Global Reach Stacker Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Reach Stacker Market
34. Reach Stacker Market Future Outlook and Potential Analysis
35. Appendix
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The global Reach Stacker Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the reach stacker market include Terex Corporation, Sany Group Hyster, Taylor Machine Works, Inc., Hoist Liftruck Mfg., LLC, Konecranes, Cargotec Corporation, Liebherr, Cvs Ferrari Srl, Hinrichs Forklifts, Linde, Dalian Forklift Co., Ltd.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Reach Stacker Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/reach-stacker-market/download-sampleMarket DynamicsThe demand for reach stackers is growing across the globe as they are highly convenient to operate and transport containers from one place to another at small and medium-sized ports.
The prime factors that are propelling the market include an increasing number of airports as well as seaports, growing international trade and business, and convenience and flexibility offered by reach stackers.
Furthermore, factors such as innovation in transportation with IoT and other advanced technologies and growing initiatives by different countries to enhance the quality and size of ports are boosting the market.
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.
