Global Stacker Market - 2022-2029

Global Stacker Market - 2022-2029

Market Overview

A stacker is a machine used in heavy bulk material handling. Stackers are widely used in warehouses, shop floors, and logistics. Stackers are widely used in road construction, residential complex, and commercial buildings due to their high performance and low maintenance. Stackers help to reduce infrastructure costs and are easy to maneuver in restricted spaces. Rapid global population growth has led to increased infrastructure-related projects that drive market growth in the forecast period. Furthermore, technological advancement in the stackers boosts market growth.

The global stacker markets were valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 5.45% during the forecast period (2022-2029).

Market Dynamics: Increase in the industrial applications of the stacker drives market growth

Stackers are ideally used in manufacturing plants, retail stores, factory floors, warehouse facilities, etc. Pallet stackers are ideally used in warehouses for handling high-volume or mid-sized commodities. It is very useful for the movement of commodities quickly and precisely. Stackers are effective for a wide range of transport distances making and efficient while reducing the work required for longer runs. Stackers are excellent for operations that require heavier loading in a short time. Stackers are mostly used for small to medium sizes weighing between 600 and 2000 kilos. Stacker helps to reduce employee efforts and utilize current technology to reduce workplace stress.

Moreover, increasing awareness of the use of stackers drives the market growth in the forecast period. Stackers have low entrance barriers since they are designed to operate easily. The easy operation of the stacker makes it convenient for the employees. It does not require any specialized training. Stackers are one of the cost-effective warehouse products. Stackers help improve efficiencies throughout the supply chain and are less expensive than buying more complex machinery. Electric stackers are enviro-friendly because it does not require any fossil fuel like diesel or gasoline for operations. Application of the stackers reduce labor cost and saves operational time.

Market Segmentation: Manual stacker segment accounted for the highest share in global Stacker market

The manual stacker is designed for simple moving, loading and unloading, moving to medium weight materials. This stacker readily eases the burden of lifting pallets and replacing the traditional way of lifting. A walkie stacker or pedestrian walk-behind stacker is a walk-behind pallet truck with a mast for lifting pallets to heights. Manual pallet stacker Manual Stackers or Pallet Stackers are lifting equipment commonly used in a warehouse or factory setting for Material handling. A stacker is a large machine used in bulk material handling. Technological advancement in the manual stacker creates new demand for the manual stacker in developed countries like Germany, the United States, Canada, and United Kingdom. In addition, the lower cost of manual stackers compared to other conventional material handling equipment boosts their popularity among end users.

Geographical Penetration: Europe is the dominating region during the forecast period

Europe held the largest market share due to increased demand for stackers from the retail and logistics industries. Some major key players in the region expanded their stacker production capacity due to the region's increased product demand. For Instance, in November 2021, Jungheinrich expanded its production capacity with a new plant in the Czech city. The production site has a capacity of 37,000 square meters starting in 2023. Construction is due to start in 2022. The new project the budget is around €60 million. This new production facility creates approximately 350 new jobs. Several stacker manufacturers in the region are utilizing new technology to produce eco-friendly variations that can lift and transport even the heaviest containers without sacrificing ease of use. For instance, in March 2019, Hyster developed a fuel cell electric stacker for the port of Valencia as part of the European Horizon 2020 program and H2Ports project.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players are Clark, Crown Equipment Corporation, Doosan Corporation Industrial Vehicle, Godrej and Boyce Manufacturing Company Ltd., Hangcha Group Company Ltd., Jungheinrich AG, Mitsubishi Logisnext Company Ltd., Nido Machineries, Toyota Industries Corporation, and Kion Group AG among others. For instance, in December 2021, Clark launched a new high-lift pallet truck, PSX16. It is an efficient and versatile pedestrian stacker with a foldable ride-on platform and side protection bars that are suitable for the economical transport of goods over long distances as well as for the storage and retrieval of goods on higher racking levels. It is also available with the lithium Ion battery setup. It has a load capacity of 1600Kg with a battery capacity of up to 375 Ah of the lead-acid version and a side battery removal system; the electric high-lift truck PSX16 offers everything needed for demanding use in industry, distribution and trade. Also, in March 2020, Crown Equipment Corporation, one of the world’s largest material handling companies, updated its stacker lineup with a new small footprint M 3000-20 walkie-straddle stacker. The newly launched equipment named M 3000-20 delivers better productivity, visibility and maneuverability for stacking, moving and managing products in retail, small warehouses and other businesses needing to optimize their space. It is having capacity of 2,000 lb. capacity.

COVID-19 Impact: Negative impact on the global stacker market

The Covid 19 crisis affected almost all business operations in every sector. As a result of COVID-19, India was forced to restrict the movement of goods across government-defined zones and states, increasing the use of suboptimal routes. Some the countries like China, Spain, Italy, and United Kingdom are also the most affected in the world. As a result of COVID-19, India was forced to restrict the movement of goods across government-defined zones and states, increasing the use of suboptimal routes. There was also a shortage of drivers, which raised truck-rental costs, so logistics functions had to act quickly during the pandemic. Some companies have already declared a delay in stacker’s production, and some countries have closed their production due to stringent government regulations and travel bans.

The global stacker market report would provide an access to approximately 53 market data tables, 44 figures and 170 pages