Reach Stacker Market, By Lifting Capacity (Below 30 Ton, 31 to 45 Ton, and Above 45 Ton), By Propulsion (IC Engine, Electric, and Hybrid), By End User (Ports and Terminals Operators, and Logistics Companies), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

Published In : Feb 2024

Code : CMI6692

Pages :160

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Reach Stacker Market Concentration, By Players

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Strict Emission Norms Forcing Replacement Demand

Another major factor contributing to healthy growth of the reach stacker market is the implementation of stringent emission norms across countries for diesel-powered vehicles and equipment. International standards like IMO's Tier II and Tier III along with domestic regulations in regions, such as Europe and North America, have led to a gradual phasing out of older, high-emission reach stackers. This is driving replacement demand as ports, logistics parks, and terminals upgrade to modern electric, hybrid, or lower-emission diesel models. For example, the state of California which has some of the world's busiest ports recently announced a plan to transition all cargo handling equipment to zero-emissions by 2030.

Original equipment manufacturers are aggressively promoting their latest low-carbon reach stacker series to capture this replacement wave. Hybrid and electric variants which produce negligible exhaust are being purchased in large numbers to meet environmental targets. Even diesel models now feature advanced emission control systems and optimized engines to slash particulate and nitrogen emissions by over 90% compared to earlier trucks. Compliance with tough norms has however increased costs, making replacement a necessity for fleet owners. The tightening of emission rules worldwide is therefore expected to sustain long-term.

Key Players Insights