Global Reach Stacker Market Report and Forecast 2024-2032

Global Reach Stacker Market Outlook

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.

Key Trends in the Market

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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• The growing research and innovations by leading market players to boost the material and load handling capability of reach stackers are one of the significant reach stacker market trends. Additionally, key players are developing reach stackers with innovative functions, including audible notifications, reversing cameras, reverse warning functions, and automated stop/start, among others, to enhance their safety and operational efficiency.

• The robust growth of the e-commerce sector is escalating the utilisation of reach stackers in warehousing and logistics applications to maximise profitability, enable operators to handle materials with enhanced precision, and ensure highly efficient operations in high-rack warehouses.

• Reach stackers are crucial for handling intermodal cargo containers across ports and terminals. In this regard, rising investments in port development projects across well-established economies are bolstering the reach stacker market growth.

Market Analysis

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.

• 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

• Toyota Material Handling, Inc.

• Others

Market Share by Propulsion

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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Market Share by Region

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.

Competitive Landscape

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.

Key Highlights of the Report