REACH STACKER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

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 Challenges: Trade Barriers

The reach stacker market faces several challenges. Strict emission regulations imposed by environment agencies threatens the sales of conventional diesel equipment. Developing electric and automated solutions requires huge investments and the current battery technology limits machine performance. The market is also fragmented with many local and regional players. Consolidation through mergers and acquisitions is driving up competition. Geopolitical tensions and global trade wars impact equipment prices and supply chains. Economic slowdowns dampen the demand from terminal operators and logistics companies.

Market Opportunities: Adoption of Automation and Telematics

Ports and terminals worldwide are expanding their capacity to handle growing trade volumes. This drives the need to modernize material handling fleets. There is a rising demand for automated, connected and electric machines equipped with sensors and telematics. Outsourcing of material handling activities to third-party logistics providers is on the rise.