The reach stacker market has been growing steadily over the past few years. Reach stackers are a specialized type of heavy equipment used for handling containers in intermodal facilities and container terminals. Reach stackers are beneficial as they provide the efficient handling of containers and optimize storage capacity and yard space in port terminals. Their growing demand can be attributed to the rapid increase in seaborne containerized trade worldwide wherein the need for efficient loading & unloading of containers from ships arise. Key manufacturers have been introducing new technological innovations in reach stackers like increased lift capacity, remote monitoring, and improved driver ergonomics to meet the evolving requirements of container handling facilities.
Market Dynamics:
The reach stacker market is driven by the robust growth in global seaborne trade and the expansion of container port terminals globally. Ocean freight transportation accounts for approximately 80% of the global trade and consumption & movement of consumer goods rely heavily on shipping containers. This has boosted investments in upgrades and capacity expansion of container terminals and ports infrastructure which spurs the demand for reach stackers. However, high initial investment costs of these equipment pose a major challenge to widespread adoption. The ongoing trend of automation in material handling also provides new opportunities with the development of driverless reach stackers integrated with advanced technologies like AI and IoT. This aids in improving operational efficiency while ensuring safety. Industry players are increasingly focusing on manufacturing electrically-powered reach stackers to capitalize on the growing focus on sustainability in the logistics and transportation sectors.
Key Features of the Study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook