The Reach Stacker Global Market Report 2023 by The Business Research Company, provides reach stacker market overview 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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According to 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%.
The commendable rise in seaborne trade across the world is propelling the reach stacker market going forward. The seaborne trade is the transportation of goods by ship across the sea, and the trade balance accounts for the difference in the volumes of loaded and discharged goods, which are inextricably linked to the transit policies, enterprises, and facilities of other countries. Reach stacker vehicles are used in sea terminals or ports to transport intermodal cargo containers, and seaborne trade. The use of reach stackers continues to grow, benefiting consumers around the world through lower freight costs, increasing efficiency of shipping as a mode of transportation, and increased economic liberalization.
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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
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 report table of contents includes:
1. Executive Summary
2. Reach Stacker Market Characteristics
3. Reach Stacker Market Trends And Strategies
4. Reach Stacker Market – Macro Economic Scenario
5. Reach Stacker Market Size And Growth
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26. Africa Reach Stacker Market
27. Reach Stacker Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Reach Stacker Market
29. Reach Stacker Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Cargotec Corporation
- Komatsu Ltd
- Dalian Forklift Co. Ltd
- Hoist Material Handling Inc
- Hyster-Yale Group Inc
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