The global stacker crane market is predicted to register a CAGR of 7.9% over the forecast period, according to FMI’s analysis. The industry’s market value is anticipated to increase from US$ 1.1 billion in 2023 to US$ 2.4 billion by 2033 end.
The stacker crane industry is expected to observe healthy growth over the forecast period. Industrial growth and globalization in emerging economies are predicted to support the demand for stacker cranes. Lucrative opportunities in developing nations are further attracting multiple international manufacturers to extend their operations.
Numerous businesses, such as food and beverage, retail, pharmaceuticals, and automotive, are the factors boosting their global presence by expanding into emerging economies. Additionally, various economic benefits are also prompting them to extend their reach. The distribution and logistics networks of these sectors are burdened with the accelerating demand for their products. As a result, the demand for stacker cranes is surging, along with the increasing requirement for automated warehouses in several end-use industries.
The industry is also witnessing heightened demand for storage robots, which are a type of stacker cranes. The increasing demand for these stacker cranes can be attributed to their agility and capacity while removing or storing products from the rack. Moreover, the automated pallet shuttle is also gaining huge popularity. Growing demand for this electric shuttle as it expedites the pallet unloading and loading is anticipated to propel the market development.
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Key Highlights of the Stacker Crane Industry:
- The United States is projected to be a significant stacker crane market in the forecast period as well. The country is estimated to attain a market valuation of US$ 850.3 million by 2033, expanding at a CAGR of 7.7%.
- In Asia Pacific, China is predicted to reach US$ 172.2 million by 2033. The market is anticipated to register a 7.3 CAGR over the forthcoming years. Strong demand for stacker cranes in automatic high-bay storage facilities is contributing to market growth.
- Japan is expected to emerge as a substantial market over the upcoming years. The market is predicted to attain US$ 140.8 million by 2033, exhibiting a CAGR of 6.4% over the forecast period. The increasing retrofitting and upgrading of existing stacker crane systems are projected to yield market growth.
- Growing preference for consumer goods is augmenting the demand for stacker cranes. The consumer goods segment is projected to register a CAGR of 7.1% over the next 10 years.
- Rising demand for single-column stacker cranes is expected to be favorable for market growth. Over the upcoming years, the single-column stacker crane segment is expected to exhibit a CAGR of 7.4%.
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News Featuring Market Developments by Key Players of Stacker Crane Market:
- In November 2020, Doosan Logistics Solutions Co., Ltd entered into an agreement with Chinese autonomous mobile robot maker Geek+ to supply logistic robots for Geek+ in South Korea.
- In June 2021, Toyota Motor partnered with Swisslog Holding AG to execute an automation system, such as Swisslog’s Carry Pick, for its storage and order-picking services, at its Kentucky unit.
List Encompassing Key Players
- KION GROUP AG
- Doosan Corporation.
- Ssi Schaefer
- Swisslog Holding AG
- Murata Machinery, Ltd.
- Hyster-Yale Materials Handling, Inc.
- Jungheinrich AG
- MITSUBISHI LOGISNEXT CO., LTD.
- TOYOTA INDUSTRIES CORPORATION
- Vanderlande Industries B.V.
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Key Segments
By Operation Type:
- Semi-automatic
- Automatic
By End-use Industry:
- Consumer Goods
- E-commerce/Retail and Wholesale
- Pharmaceutical
- Automotive
- Others
By Application:
- Autostart
- Early Baggage Storage
- Sortation System
- Robotized Order Preparation
By Type:
- Single Column
- Double Column
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
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