The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Reach Stacker. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Reach Stacker Market across various industries and regions.
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Global reach stacker market is anticipated to register a volume CAGR of ~8% through 2029. The steady flow of materials and goods is the backbone of the modern world. With the enhancing efficiency of data-driven logistics, the swift, safe and precise container handling in ports and terminals has become even more important. This is further making it impossible to imagine a sea port without a reach stacker, which can lift and move tens of thousands of containers daily.
With manufacturers rapidly increasing stacking and storage capacity of reach stackers, these container handling equipment are witnessing wide adoption at harbors worldwide. Reach stackers are not just the most frequently observed container handling equipment, but also getting recognized as a key success factor in intermodal transport, owing to their growing adoption for safe and quick container handling.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Reach Stacker market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Reach Stacker
This newly published and insightful report sheds light on Market Insights of Reach Stacker, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Reach Stacker Market.
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Reach Stacker Market – Segmentation
Fact.MR’s study evaluates the reach stacker market based on maximum capacity, application, propulsion type, and region. The report also provides detailed market dynamics as well as rapidly changing trends associated with various segments, and how they are shaping the progress of the reach stacker market.
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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.
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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