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 USD 1.1 billion in 2023 to USD 2.4 billion by 2033 end.
Over the projection period, the stacker crane business is expected to increase at a healthy rate. Stacker crane demand is expected to be supported by industrial growth and globalisation in emerging economies. Lucrative opportunities in developing countries are enticing more foreign manufacturers to expand their businesses.
Many industries, including food and beverage, retail, pharmaceuticals, and automotive, are increasing their worldwide footprint through expanding into new markets. Furthermore, different economic rewards are motivating them to expand their reach. These industries’ distribution and logistics networks are being strained by the increasing demand for their products. As a result, demand for stacker cranes is increasing, as is the need for automated warehouses in a variety of end-use sectors.
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.
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 USD 850.3 million by 2033, expanding at a CAGR of 7.7%.
- In Asia Pacific, China is predicted to reach USD 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 USD 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%.
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.
Key Segments Covered:
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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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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