According to a recent survey published by FMI, the global Stacker Truck market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Stacker Truck over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Stacker Truck Market
The industrial sector is undergoing a change as manufacturers throughout the world place a strong emphasis on incorporating advanced automation. This is usually referred to as Industry 4.0.
With the advent of Industry 4.0, manufacturers are emphasising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others. This is projected to provide up attractive potential for growth in the Stacker Truck market.
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Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Stacker Truck Market Takeaways and Projections
- The U.S. is estimated dominate the Stacker Truck market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Stacker Truck Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Stacker Truck Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Stacker Truck As per the survey, Stacker Truck sales will project steady growth over the forecast period.
- Stacker Truck Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Stacker Truck.
- Stacker Truck Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
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Some of the leading manufacturers and suppliers of the product include
- Caterpillar Inc.,
- Linde Material Handling,
- Jungheinrich AG,
- Raymond Corporation,
- Crown Equipment Corporation,
- Doosan Corporation,
- Hangcha,
- Hyster-Yale Materials Handling, Inc.,
- KION Group AG,
- Komatsu Ltd.,
- Mitsubishi Logisnext Co., Ltd.,
- Toyota Material Handling,
- Jost’s Engineering Company Limited and others.
Key Segments
By Power-train Type:
- Internal Combustion Engine
- Electric Motor
By Tonnage:
- Below 5 Ton
- 5 – 10 Ton
- 10 – 15 Ton
- Above 15 Ton
By End Use:
- Industrial
- Construction
- Manufacturing
- Logistics
- Others
By Region:
- North America
- USA & Canada
- Latin America
- Brazil, Mexico, Others
- Europe
- Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia
- South Asia Pacific
- India, ASEAN, Australia and New Zealand (ANZ)
- East Asia
- China, Japan, South Korea
- Middle East and Africa
- GCC Countries, Turkey, North Africa, South Africa
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About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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