MARKET OVERVIEW
A reach stacker is a heavy-duty material handling machine that is used for stacking, transporting, and handling shipping containers and other heavy loads in ports, terminals, and warehouses. It consists of a cab for the operator, a telescopic mast, and a horizontal reach mechanism that extends out from the mast. The reach stacker is designed to handle a wide range of loads and can stack containers up to five high. Reach stackers offer several advantages over traditional material handling equipment, including increased efficiency and productivity, improved safety, and the ability to handle heavy loads with ease. Some of the key end-users of reach stackers include ports, terminals, warehouses, and distribution centers. The future of the reach stacker market is expected to be driven by the increasing demand for efficient and reliable material handling equipment in the logistics and transportation sector.
MARKET SCOPE
The "Global Reach Stacker Market Analysis to 2028" is a specialized and in-depth study of the Reach Stacker market with a special focus on the global market trend analysis. The report aims to provide an overview of Reach Stacker market with detailed market segmentation by application, operations, tonnage, drive type, and geography. The global Reach Stacker market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Reach Stacker market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of application, the market is segmented as stacking containers, loading/unloading trailers, and transporting components.
- On the basis of operations, the market is segmented as first rail operation, second rail operations, and third rail operations.
- On the basis of tonnage, the market is segmented as low, medium, heavy.
- On the basis of drive type, the market is segmented as internal combustion engine (ice), battery operated, gas powered.
MARKET DYNAMICS
Drivers:
- Growing container trade and an increase in marine cargo shipments and port activities
- Reach stackers having higher stacking and more flexibility and storage capacity than forklift trucks
- Upsurge in port material handling equipment
Restraints:
- Huge capital investment requirement for infrastructure development
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Reach Stacker market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Reach Stacker market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Reach Stacker market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Reach Stacker market in these regions.
IMPACT OF COVID-19 ON REACH STACKER MARKET
The global transportation industry took a heavy toll at the onset of the COVID-19 pandemic due to the disruptions in supply chain and restrictions on the global trade. As major machinery and parts manufacturers depended on overseas suppliers for production, the restriction of goods across borders by various governments drastically impacted the global Reach Stacker market during the peak of the pandemic in 2020. Moreover, the halt in labor extensive industries to limit the spread of the virus brought down the demand across industries. However, with the implementation of vaccine drives and reopening of the manufacturing industries under COVID-related protocols, the facilities utilizing machinery and automotive vehicles such as Reach Stacker are transforming towards more automated processes. Furthermore, the additional benefits offered by reach stackers in port operations is creating a stable demand for these products across multiple industries undertaking large scale transportation. Therefore, the initial impact of COVID-19 on the market was largely negative and is growing eventually with the adoption of automated processes in manufacturing and requirement of heavy machinery.
MARKET PLAYERS
The reports cover key developments in the Reach Stacker market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Reach Stacker market are anticipated to lucrative growth opportunities in the future with the rising demand for Reach Stacker market. Below mentioned is the list of few companies engaged in the Reach Stacker market.
The report also includes the profiles of key Reach Stacker market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- CVS ferrari S.P.A.
- Doosan Corporation
- Hoist Liftruck Mfg., Inc.
- Kalmar (Cargotec)
- Konecranes
- LIEBHERR
- SANY GROUP
- Taylor Machine Works, Inc
- Terex
- Toyota Material Handling