Global Rack Stacker Market, By Type (Electric, Manual/Hydraulic, Semi-Electric), End User (Retail and Wholesale, Logistics, Automobile, Food and Beverages, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Rack Stacker Market
The rack stacker market is expected to witness market growth at a rate of 2.10% in the forecast period of 2020 to 2027 and is expected to reach USD 643,987.25 million by 2028. Data Bridge Market Research report on rack stacker market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of industrial sectors globally is escalating the growth of rack stacker market.
A rack stacker refers to a material handling machine which comes in variety of patterns with hydraulic and electric technologies. These machines are utilized in factories, warehouses, transportation hubs, shop floors, logistics and manufacturing. These stackers are specifically designed with varied lifting capacities for maintenance applications and material handling for construction applications among others.
The rise in the adoption of high-performance material handling equipment across industrial facilities acts as one of the major factors driving the growth of rack stacker market. The increase in the use of compact material handling equipment because of the various benefits they offer such as easier maintenance, movability along with similar performance compared to heavy machinery accelerate the rack stacker market growth. The rise in demand for rack stackers as they do not require certified operators and are significantly easier to operate and increase in the popularity of the stackers among end-users due to the lower costs of stackers compared to other conventional material handling equipment further influence the rack stacker market. Additionally, growth in population and economy, expansion of retail and wholesale sector, rise in infrastructure projects and growth in awareness regarding technologies positively affect the rack stacker market. Furthermore, technological advancements and growth of e-commerce sector extend profitable opportunities to the rack stacker market players in the forecast period in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the machine and rise in adoption of forklift for material handling are the factors expected to obstruct the rack stacker market growth. The negative impact of COVID-19 is projected to challenge the rack stacker market in the forecast period of 2021-2028.
This rack stacker market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on rack stacker market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Rack Stacker Market Scope and Market Size
The rack stacker market is segmented on the basis of type and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the rack stacker market is segmented into electric, manual/hydraulic and semi-electric.
- On the basis of end user, the rack stacker market is segmented into retail and wholesale, logistics, automobile, food and beverages and others.
Global Rack Stacker Market Country Level Analysis
The rack stacker market is analyzed and market size, volume information is provided by country, type and end user as referenced above.
The countries covered in the global rack stacker market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the rack stacker market due to the increase in demand due to high economic growth in countries such as China, India, Japan, Malaysia and Australia, increase in demand for residential construction and rise in the number of ongoing infrastructure development projects in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rack Stacker Market Share Analysis
The rack stacker market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to rack stacker market.
The major players covered in the rack stacker market report are CLARK, Crown Equipment Corporation, Doosan Corporation, Godrej, Hangcha, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, KION GROUP AG, MITSUBISHI LOGISNEXT CO.,LTD., TOYOTA INDUSTRIES CORPORATION, BEUMER GROUP, Columbus McKinnon Corporation, Daifuku Co., Ltd., Dearborn Mid-West Company, Fives Group, FlexLink, Honeywell Intelligrated, JBT, Liebherr-International AG, Mecalux, S.A., Murata Machinery, Ltd., Siemens, Schaefer Systems International Pvt Ltd, System Logistics S.p.A., viastore SYSTEMS, Grenzebach Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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