The Reach Stacker Global Market Report 2023, provides comprehensive information on the reach stacker market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Reach Stacker Global Market Report 2023, the global reach stacker market size is expected to grow from $2.32 billion in 2022 to $2.46 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global reach stacker market size is expected to grow to $3.06 billion in 2027 at a CAGR of 5.6%.
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Technology-driven solutions are gaining popularity as a major trend in the reach stacker market. Major market players are introducing innovative solutions to sustain their market position. For instance, in May 2022, Camblift, a Sweden-based material handling equipment manufacturer launched its first reach stacker. The reach stacker offers a safe and ergonomic workplace with higher efficiency in production and it is available in both electric and diesel versions, with green fuel technology globally. It has the ability to be driven by clean energy.
The reach stacker market is segmented:
1) By Capacity: Below 30 Ton, 30-45 Ton, Above 45 Ton
2) By Propulsion: Internal Combustion Engine, Electric, Hybrid
3) By Application: Sea Port/ Terminal, Yards/Landside, Industrial
Asia-Pacific was the largest region in the reach stacker market in 2022.
The table of contents in TBRC’s reach stacker market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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