The power stacker market’s overall sales are anticipated to grow at a 5.5% CAGR. The increasing use of power stackers in distributing units, general material handling, and warehousing is expected to boost demand in the market. The power stacker market is anticipated to surpass a valuation of US$ 2 Bn by 2022, according to the study.
The power stacker market is expected to grow at a CAGR of 5.5 percent. The market is expected to grow due to the increasing use of power stackers in distribution units, general material handling, and warehousing. According to the study, the power stacker market would be worth more than $2 billion by 2022.
Future Market Insights, in its latest business report, elaborates on the current situation of the Power Stacker market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.
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The market study depicts an extensive analysis of all the players running in the Power Stacker Market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies, and mergers & acquisitions associated with the players are enclosed in the Power Stacker Market report.
Power stackers are frequently used as lifting tools to safely and easily raise and lower heavy objects. As a result, the use of power stackers is expanding throughout the industrial and construction sectors in order to boost warehouse productivity and inventory efficiency.
Power stackers with driver platforms and rider-seated power stackers are anticipated to gain popularity over the forecast period, according to Future Market Insights (FMI) (2022-2032). Therefore, manufacturers are introducing automatic and cutting-edge technology power stackers to take advantage of the growing demand.
The demand for power stackers is also anticipated to increase in the industrial sector as they increase the productivity and efficiency of any warehouse and inventory. End users are using these power stackers to place, lift, and transport loads with a lifting capacity of more than 2 tonnes because they decrease lead times and operating costs.
Competitive Landscape:
Some of the market participants in the global power stacker market are Toyota Industries Corporation, Godrej Material Handling, MAINI Materials Movement Pvt. Ltd., Gloline Equipment Pvt. Ltd., Jungheinrich AG, CROWN, EP Equipment Co. Ltd., CLARK EUROPE GmbH, Jost’s Engineering Company Limited, Presto Lifts, Linde Material Handling GmbH, Vestil Manufacturing Corporation, Reliable Storage System, PROLIFT Handling Ltd.
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Key Segments Profiled in the Power Stacker Industry Survey
By Type:
- Pedestrian-operated Power Stacker
- Stackers with Driver Platform
- Stand-In Power Stackers Stacker
- Rider-Seated Power Stackers
By Application:
- Lifting equipment’s
- Placing equipment’s
- Transporting loads
- Shifting equipment’s
By Load Capacity:
- Less than 1 tons
- 1 – 1.5 tons
- 1.5 – 2.0 tons
- More than 2.0 tons
By Lifting Height:
- Less than 1.5 meters
- 1.5 – 3 meters
- 3 – 4.5 meters
- 4.5 – 6 meters
- More than 6 meters
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