As per the global market study on stacker cranes, the market is expected to grow at a CAGR of 7% over the forecast period, from an estimated USD 976 million in 2021 to US$ 2 billion in 2032. Asia-Pacific is expected to lead the stacker crane market growth due to the rise of end-use industries and the adoption of AS/RS to improve material handling and logistics.
These advantages are expected to drive the stacker crane market size even higher in the coming years. Furthermore, technological advancements and innovations in stackers provide market participants with profitable growth opportunities. The rising trend of forklift use, on the other hand, is expected to stifle market growth.
Initially, the cost of installing a stacker crane design is high. Setting up this system requires precision, which necessitates the use of experienced personnel. Furthermore, the cost of maintaining and updating numerous subsystems is frequently prohibitively expensive for businesses. Making such large investments is difficult for small and medium-sized businesses. The initial cost of an automated storage and retrieval system includes stacker crane systems, storage units, and racks.
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ASRS reduces the need for human interaction in basic tasks such as exact storage of an item at a preset place, retrieval of an item, and transporting commodities to certain processing or interface locations using a stacker crane system. As a result, ASRS deployment lowers labor costs and increases space utilization. The use of ASRS systems and the adoption of stacker cranes are projected to be driven by rising warehouse rents and decreasing warehouse availability.
Stackers improve accessibility in tight and compact spaces, can be easily moved from one position to another, are less expensive to operate, and are easy to maintain. Furthermore, in recent years, the demand for safe and effective material handling equipment in a variety of cross-industry verticals has increased stacker crane sales.
The cost of installing a stacker crane warehouse and system is significant. This technology necessitates precise setup, which necessitates the use of skilled personnel. Furthermore, the cost of maintaining and updating numerous subsystems is frequently prohibitively expensive for businesses. Making such large investments is difficult for small and medium-sized businesses. Storage units and racks are among the most expensive initial components of an automated storage and retrieval system, according to stacker crane market trends.
Key Takeaways:
- Owing of rising usage in China and India, the Asia Pacific is expected to occupy the greatest share of the stacker crane market opportunities by 2027.
- The single-column segment will have the biggest stacker crane market share during the projected period. Due to its application in the fast-moving goods industry, the single-column category is likely to have a large market share over the forecast period.
- New product developments and expansions will provide profitable prospects for market players in the next five years.
- Emerging Trends in the stacker crane market predict rising demand for automated storage and retrieval solutions.
- The fastest-growing segment is projected to be automatic stacker cranes. The automatic stacker crane is a low-energy mechanism that stores and retrieves items in a single cycle.
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Competitive Landscape
Swisslog AG (Switzerland), Daifuku Co. Ltd (Japan), Murata Machinery Ltd (Japan), and Kion Group AG dominate the stacker crane market (Germany).
Stacker crane market demand analysis indicates that these organizations provide turnkey crane automation services and extensive global distribution networks. These organizations have implemented broad expansion tactics, including collaborations, partnerships, and mergers and acquisitions, to gain traction in the developing market for stacker cranes.
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