Reach Stacker Market Size Worth $ 3.12 Billion By 2032 | CAGR: 5.0%

Reach Stacker Market Size Worth $ 3.12 Billion By 2032 | CAGR: 5.0%


The global reach stacker market size is expected to reach USD 3.12 billion by 2032, according to a new study by Polaris Market Research. The report “Reach Stacker Market Share, Size, Trends, Industry Analysis Report, By Maximum Capacity (Below 30 Tons, 30 to 45 Tons, and Above 45 Tons); By Application; By Propulsion Type; By Sales Channel; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rising globalization of trade and surging containerized shipping that led to increased demand for efficient container handling equipment, along with the emerging trend towards automation and technical developments in material handling equipment, are among the major prominent factors influencing the growth of the market. Additionally, growing advances in reach stacker technology, including automation and remote-control capabilities, that enhance the productivity and safety of equipment while making them highly attractive to customers seeking to modernize their operations will also likely boost the market’s growth.

  • For instance, in September 2023, Yale announced the launch of its new outdoor reach truck that is specially designed to support logistics customers. These new reach trucks can easily handle goods as a counterbalance truck and reach up to 7.5m in height.

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There has been a rising proliferation for the integration of telematics systems and Internet of Things technologies that help to enable real-time monitoring of equipment performance, operational data, and maintenance needs that also lead to proactive maintenance planning and optimizing fleet management, which, in turn, anticipated to open lucrative growth opportunities for the market in the near future.

In recent years, there has been a growing trend worldwide towards electric and hybrid reach stackers that mainly focus on reducing emissions and operating costs. Also, electric models are known to be environmentally friendly, and hybrids combine traditional fuel sources with electric power for increased efficiency; thereby, their adoption across various seaports and terminals is likely to increase substantially.

Reach Stacker Market Report Highlights

  • 30 to 45 tons segment accounted for a substantial share, mainly attributable to its ability to handle containers and improve productivity efficiently
  • The seaports & terminals segment garnered the largest share on account of the rapid increase in investments in port infrastructure and the expansion of ports worldwide.
  • The internal combustion engine segment led the industry market, mainly due to its numerous advantageous characteristics, including being cost-effective and readily available.
  • The aftermarket segment will grow at the highest growth rate because of its rising proliferation for maintenance and replacement of reach stackers globally.
  • North America dominated the global market with a considerable share, owing to the region’s growing international trade volumes and development of port infrastructure.
  • The key market players include Cargotec Corporation, Liebherr Group, Linde Material Handling, SANY Group, Bomaq Industries, Konecranes, and Dalian Forklift.

Polaris Market Research has segmented the reach stacker market report based on maximum capacity, application, propulsion type, sales channel, and region:

Reach Stacker, Maximum Capacity Outlook (Revenue - USD Billion, 2023 - 2032)

  • Below 30 Tons
  • 30 to 45 Tons
  • Above 45 Tons

Reach Stacker, Application Outlook (Revenue - USD Billion, 2023 - 2032)

  • Seaports & Terminals
  • Yards & Landsides
  • Industrial

Reach Stacker, Application Outlook (Revenue - USD Billion, 2023 - 2032)

  • Internal Combustion Engine
  • Electric
  • Hybrid

Reach Stacker, Sales Channel Outlook (Revenue - USD Billion, 2023 - 2032)

  • OEMs
  • Aftermarket

Reach Stacker, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Reach Stacker Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 2.11 billion

Revenue forecast in 2032

USD 3.12 billion

CAGR

5.0% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Maximum Capacity, By Application, By Propulsion Type, By Sales Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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