Global Reach Stacker Market 2017-2021
About Reach Stacker
Port material handling equipment is used to maintain port activity, which includes bulk material loading and unloading, packaging, and dispatching. A reach stacker is primarily used for handling intermodal cargo containers in small, medium-sized, and large terminal ports. It is a vehicle that can quickly transport containers over short distances within the port and pile them in various rows depending on its level of access.
Technavio’s analysts forecast the global reach stacker market to grow at a CAGR of 4.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global reach stacker market for 2017-2021. To calculate the market size, the report considers the unit shipment numbers across geographies.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Reach Stacker Market 2017-2021
Technavio recognizes the following companies as the key players in the global reach stacker market: CVS Ferrari, Kalmar, Konecranes, LIEBHERR, and SANY GROUP.
Other Prominent Vendors in the market are: HYSTER, SMV, Terex, and Toyota.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is incorporation of automated systems in port equipment functions. Co-ordination between various processes and systems on a real-time basis is increasing. It is projected that by the end of the forecast period, 20% of manufacturing functions will be fully automated with the help of technologies like the Internet of Things (IoT). Increased synchronization between different material handling systems is expected to materialize with the IoT, machine-to-machine coordination, and communication.”
According to the report, one of the major drivers for this market is rising demand for port material handling equipment. The demand for port material handling equipment is rising with the growth in seaborne trade, which is resulting in higher container traffic. These growth factors are leading to increased investment in the form of capacity additions in existing ports and also with the setting up of new facilities to cater to the growing demand. There is tremendous scope for development in emerging nations. The high economic growth in developing countries entails increases in both imports and exports.
Further, the report states that one of the major factors hindering the growth of this market is massive capital investment requirement for infrastructure development. The infrastructure required for container terminal operations, upper facilities (such as cranes, reach stackers, straddle carriers, and tractors) and other assets require a significant amount of capital investments. In addition, the number of fixed assets required by the container terminal operation business is much higher than the assets required for any other type of business. The fixed assets for use in ports, such as straddle carriers and reach stackers, are usually limited for use only in terminal operations and cannot be used elsewhere. All these factors, augmented by the risks and uncertainties of the shipping industry, make the estimation of investment breakeven much more difficult.
CVS Ferrari, Kalmar, Konecranes, LIEBHERR, SANY GROUP, HYSTER, SMV, Terex, and Toyota.