The global electric stacker market is expected to be valued at US$ 1,987.8 million by 2022. Electric stacker sales are expected to increase at a CAGR of 7.2% between 2022 and 2032, with a total value of US$ 3,965.7 million.
An electric stacker is used to store various electrical types of equipment, with each piece of hardware having a top and a bottom side. This device has one active entryway and one approaching door.
This electric stacker game plan is useful for storing various types of hardware in a conservative manner while also allowing for deliberate heap movement.
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Global Electric Stacker Market Dynamics:
The most important factors that are expected to drive the growth of the electric stacker market include a rise in capital to the factories. High throughput value and the less time, required to load the plates in the electric stacker are some of the most important feature responsible for the rapid growth of the electric stacker market.
There are some restraining factors which limit the growth of electric stacker market is the lack of awareness about the new features and increased capacity of the new electric stackers.
Another factor that can restrain the growth of the electric stacker market is the cost of the device that can prevent the factories from using an electric stacker. The market of electric stackers is currently witnessing various new trends.
The electric Stackers Market is in the growth phase, and various new developments are taking place in the market. The technological advancement is also supporting the market to grow rapidly. These stackers are available in various shapes, designs each having different capacity for the electric and are also used for the process of transport of equipment.
Global Electric Stacker Market Segmentation Overview:
The load bearing capacity of the electric stacker is increased as per requirements up to next level. For easier lifting of electro-hydraulic equipment’s electric stackers are used these days. A battery discharge indicator is also connected with an electric stacker, so when the battery is close to dying, then it indicates the electric stacker.
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Global Electric Stacker Market Regional Overview:
North America, Western Europe, Asia Pacific exclusive of Japan (APEJ), Latin America, Eastern Europe, Japan and the Middle East and Africa (MEA) are the regions considered for the Global Electric Stacker Market study.
North America and Western Europe holds the significant share in the global electric stacker market regarding consumption due to growing concern towards the adoption of easier lifting methods, and also the production of various products is also a major factor for the increase in electric stacker market in this region. Followed by North America and Western Europe is APEJ and Eastern Europe is expected to grow relatively at a higher CAGR during the forecast period since the use electric stacker market improving the packaging capacity.
The global electric stacker market in Japan is well established and expected to grow at average CAGR over the forecast period. MEA and Latin America are projected to expand at sluggish growth rate due to political and economic turmoil in the region.
Market Competition
Some of the key participants present in the global electric stackermarket include Jost’s Engineering Company Limited, Jungheinrich AG, Reliable Storage System, Gloline Equipment Pvt. Ltd., Vestil Manufacturing Corporation, and EP Equipment Co. Ltd., CLARK EUROPE GmbH, CROWN, MAINI Materials Movement Pvt. Ltd., JUNGHEINRICH, Linde Material Handling GmbH, Presto Lifts, PROLIFT Handling Ltd. and Godrej Material Handling among others.
Due to the sheer range of participants, the market is extremely competitive. Some recent developments in the electric stackerindustry are as follows:
- On 29th June 2022, Godrej Appliances substitutes recyclable paper-based honeycomb packaging with Thermocole.
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Key Segments Profiled in the Electric Stacker Industry Survey
Electric Stacker Market by Application:
- Electric Stackers for Lifting Equipment
- Electric Stackers for Transporting Loads
- Electric Stackers for Placing Equipment
- Electric Stackers for Shifting Equipment
Electric Stacker Market by Load Carrying Capacity:
- Electric Stackers up to 1000 kg
- Electric Stackers up to 1500 kg
- Electric Stackers up to 2000 kg
- Electric Stackers up to 2500 kg
Electric Stacker Market by Lifting Height:
- Electric Stackers from 90-1600 mm
- Electric Stackers from 90-2300 mm
- Electric Stackers from 90-2800 mm
- Electric Stackers from 90-3300 mm
Electric Stacker Market by Region:
- North America Electric Stacker Market
- Asia Pacific exclusive of Japan Electric Stacker Market
- Latin America Electric Stacker Market
- Europe Electric Stacker Market
- Middle East and Africa Electric Stacker
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