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Stacker Crane Market Analysis

  • Report ID: GMI6598
  • Published Date: Aug 2023
  • Report Format: PDF

Stacker Crane Market Analysis

Based on type, the stacker crane market is divided into single column and double column. The single column segment held a industry revenue of over USD 500 million in 2022 and will grow at a CAGR of over 6% by 2032. The rising demand for single column stacker cranes can be attributed to their space-efficient design and cost-effectiveness. These cranes are particularly favored by businesses operating in mid-sized warehouses or industries with specialized storage needs. Their compact nature allows for easier integration into the existing layouts while their versatility and scalability make them adaptable for optimizing material handling processes.

Stacker Crane Market Share, By End-Use (2022)

Based on end use, the stacker crane market is categorized into consumer goods, e-commerce & retail, pharmaceutical, automotive, and others. The Consumer goods segment held a indystry share of 30.10% in 2022. In the consumer goods business, the demand for stacker cranes is driven by the need for high throughput efficiency and organized storage of various goods. The continued progress of e-commerce and online retail has driven increased demand for stacker crane systems. Stacker cranes are essential for automating the storage and retrieval of consumer goods in e-commerce fulfillment centers, ensuring efficient order processing and fast delivery. Consumer goods warehouses typically handle a wide variety of products, each with different sizes and characteristics. Stacker cranes can be customized to handle multiple SKUs efficiently, reducing the need for manual sorting and handling.

China Stacker Crane Market Size, 2021 - 2032 (USD Million)

Asia Pacific dominated the stacker crane market with a major share of over 30% in 2022 due to the increasing port activities in the region. As ports handle greater volumes of goods, the demand for efficient storage & retrieval systems intensifies. For instance, according to Port Technology, during the first half of 2022, ports across China handled a combined 142.3 million TEU, reflecting a 3% growth compared to 2021. Notably, the port of Shanghai recorded the highest volume of activity, with 3.79 million TEU moved in June 2022. However, this number indicates a decline of 9.5% when compared to the figures from 2021. Stacker cranes, with their ability to maximize vertical storage space and streamline material handling processes, help meet the heightened requirements of bustling ports.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Stacker crane market size was valued at USD 1.1 billion in 2022 and will register over 6% CAGR from 2023-2032 due to increasing adoption in shipping & logistics facilities worldwide.

The single column type segment recorded more than USD 500 million in 2022 and will witness significant growth from 2023-2032 on account of their space-efficient design and cost-effectiveness.

Asia-pacific recorded over 30% share of the industry in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the increasing port activities in the region.

Scania, Daimler Cars, TuSimple, Inc., Hino Carss, Waymo (Alphabet Inc.), Tesla, AB Volvo, PACCAR Inc., Navistar, Inc., Embark Carss, Inc., PlusAI, Inc., and Kodiak Robotics are some of the major stacker crane companies worldwide.

Stacker Crane Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 256
  • Countries covered: 18
  • Pages: 200
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