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Stacker Crane Market Size

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

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Stacker Crane Market Size

Stacker Crane Market size was valued at USD 1.1 billion in 2022 and is projected to register a CAGR of over 6% till 2032 Due to the increasing demand for stacker cranes from shipping & logistics facilities. As these facilities handle high volumes of goods with varying storage needs, stacker cranes provide efficient vertical storage solutions. Their ability to maximize space utilization, improve order picking speed, and streamline supply chain operations aligns well with the demands of the shipping & logistics industry.

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The emphasis on safety and precision in stacker cranes is driving industry gains. Automated stacker cranes offer enhanced safety features that reduce the risks of accidents & injuries in material handling operations. Their precise movements ensure accurate load positioning and retrieval, making them suitable for industries where reliability is paramount. This focus on safety & precision reassures operational efficiency and employee well-being.

Stacker Crane Market Report Attributes
Report Attribute	Details
Base Year:	2022
Stacker Crane Market Size in 2022:	USD 1.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6%
2032 Value Projection:	USD 2 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	256
Segments covered:	Type, Operation Type, and End Use
Growth Drivers:	Increased demand for automated storage and retrieval systems Rising popularity of automated material handling equipment Development of industrial zones in emerging markets in Asia Pacific Increasing demand for smart logistics
Pitfalls & Challenges:	High installation costs

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The high initial investments required for stacker crane systems pose significant challenges to industry progression. Procuring the machinery, implementing automation technology, and adapting warehouse infrastructure can lead to substantial upfront costs. This financial barrier may deter smaller businesses or those with limited capital from adopting stacker cranes despite the potential long-term benefits. The challenge lies in finding ways to make these systems more accessible and cost-effective for a broader range of businesses.

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.