Demand for Reach Stacker Market is Anticipated to Register a Volume CAGR of 8% Through 2029

Reach Stacker market research study in brief

The business intelligence study for the Reach Stacker market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.

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Additionally, the Reach Stacker market study puts forth a rigid basis for collecting a cluster of insights that potential customers can use to enhance their revenues and reduce costs. The illustration of data on Reach Stacker market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are eyeing for the stipulated timeframe.

The latest Fact.MR business intelligence indicates that the reach stacker market witnessed sales of 1,364 units in 2018, which are estimated to grow further by ~7% in 2019, owing to the strengthening demand for container handling equipment. Increasing traction for port material handling equipment, coupled with rapid expansion of growing number of sea ports, in line with the proliferating sea borne trading continues to augment market growth.

Rapid expansion of intermodal barge shipping to the smaller as well as canalized waterways has been creating a considerable demand for a water reach stacker with tri-modal handling functionality- road, rail and water, finds Fact.MR. In the last couple of years, port activity and cargo handling of containerized and bulk has grown significantly, while driving the need for an increased development of improved and safer port infrastructure to suffice the steady pace of seaborne trading.

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global seaborne trade evaluation

Hybrid and Electrical Powered Machinery Growing Lucrative

As per the Fact.MR study, though the demand for internal combustion engine based reach stackers has been growing over the years, and witnessed sales of 1,124 units in 2018, sales of hybrid variants are also likely to pick pace. This falls in line with the growing manufacturer shift towards integrating advanced propulsion system into their reach stacker models. Eco-friendly variants are also anticipated to witness considerable demand in the forthcoming years due to the continuing global tension over the carbon emission from the industrial operations.

Amid the growing emission concerns and high operational costs of conventional reach stackers, several market players have placed their focus on manufacturing customized, hybrid and electric variants. For instance, a leading market player- Konecranes has recently launched a hybrid reach stacker with improved operator performance and maintenance-friendly solutions to boot. Such growing innovation-driven initiatives of market players have been estimated to lead the way to the future of container handling.

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Sales of 30-45 Tons Reach Stackers Staggering in Asia Pacific

East and South Asia continue to lead the growth of the reach stacker market, while accounting for ~65% of the overall sales in 2018. This falls in line with the fact that marine routes have been and continue to remain the significant mode of conveyance for goods in the form of containers, dry bulk, liquid bulk and roll onroll off (Ro-Ro) type cargos and passengers in the region. As per the study, countries such as China and India will continue to remain a fairly attractive market for stakeholders, owing to the presence of several key ports. Growing government initiatives focused on pushing the efficiencies and updating inland port systems are highly likely to contribute to a significant growth in the reach stacker market.

As per the study, leading market players in the reach stacker market are increasingly penetrating in these lucrative regions by manufacturing cost-effective variants to appeal a wide pool of cost-sensitive customers. Operational efficiency and low cost of reach stacker with 30 – 45 tons capacity as compared to heavier equipment has been driving its demand across cost-sensitive regions-in particular and across worldwide.

Fact.MR research intelligence presents the long-term outlook of the reach stacker market for 2019 to 2029. The reach stacker market is anticipated to register a volume CAGR of ~8% through 2029.

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