A stacker is a manually functioned material handling machine, which is effectively utilized in warehouses and industries for affecting and loading goods from one place to another. It assists the requirements of several industries, due to its advantageous features such as maneuverability, protection, portability, and strength.
According to the report analysis, ‘Stacker Market by type (Electric, Manual/Hydraulic, and Semi-Electric) and End User (Retail & Wholesale, Logistics, Automobile, Food & Beverages, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026’ states that in the stacker market there are several companies which presently operating more effectively for leading the highest market growth and accounting the handsome value of market share around the globe more effectively over the coming duration while analyzing and examine the strategies and policies of the government and competitors, accepting the profitable strategies and policies, increasing the applications of such, developing the specifications of the technology, spreading the awareness related to the stacker, decreasing the linked price, employing the young work force and delivering the better consumer satisfaction includes CLARK Material Handling Company, Crown Equipment Corporation, Doosan Corporation, Godrej and Boyce Manufacturing Company Limited, Hangcha Group Co., Ltd, Hyster-Yale Materials Handling, Inc, Jungheinrich AG, KION Group AG, Mitsubishi Logisnext Co., Ltd, Toyota Industries Corporation and several others.
In addition, the worldwide stacker market was worth at USD 2,033.1 million in 2018, and is projected to reach USD 3,136.2 million by 2026, increasing at a CAGR of 5.3% from 2019 to 2026. Not only has this, the stackers offer better approachability in closed & compact areas, can effortlessly be relocated from one location to another, depresses costs, and is east to maintain. In addition, the requirement for safe and efficient material handling equipment in several cross industry verticals has led to an augment in adoption of stackers over the present years. These advantages are projected to propel the growth of the market in the upcoming years. However, effective increase in trend of implementation of forklifts is anticipated to restrict the market growth. Furthermore, technical innovations and improvements in stackers offer worthwhile growth opportunities for the market players.
Although, the implementation of the compact material handling equipment has obtained traction in recent years, due to their calmer maintenance, movability, as well as similar performance associated to heavy machinery. Moreover, contrasting heavy machineries, condensed material handling equipment, such as stackers, do not demand certified operators and are suggestively easier to function. In addition, lower costs of stackers associated to other conventional material handling equipment boosts their acceptance amongst the end-users.
Furthermore, it is predicted that the Asia-Pacific had the greatest share in terms of revenue during the recent past years. The requirement for stackers is increasing, owing to great economic growth in Asia-Pacific, such as China, India, Japan, Malaysia, and Australia, as such countries are projected to boost the growth of the market owing to increase in requirement for residential construction. In addition, the construction market in China, India, and other Southeast Asian regions experiences speedy growth rate, owing to momentous number of ongoing infrastructure development projects. Therefore, in the near years, it is predicted that the market of stacker will increase around the globe more effectively over the inflowing years.
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Ankur Gupta, Head Marketing & Communications