Reach Stacker Market Forecast 2024-2028
The reach stacker market size is forecast to increase by USD 280.09 million, at a CAGR of 5.19% between 2023 and 2028. The market growth analysis depends on several factors such as the growing global container traffic, the rising seaborne trade across the globe, and the increasing demand for reach stackers from the construction industry. Our market report examines historic data from 2018-2022, besides analyzing the current and forecasted market scenario.
The trade actions across different regional cooperation activities and free trade arrangements are compelling cross-border trade activities. Additionally, BOMAQ INDUSTRIES SLU. offers products such as E4 type, MP type, and customized. Also, Cargotec Corp. offers products such as Kalmar Electric Reach stacker, Kalmar Eco Reachstacker, and Kalmar Gloria Reachstacker.
Market Forecasting and Size
Market Forecast 2024-2028
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Market Dynamics
Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Driver- Growing global container traffic
The market is witnessing a swift recovery post-recession, propelled by the increasing demand for reach stackers in container ports worldwide. The developing inter-Asia and intra-Asia trade, coupled with global economic growth, are driving the surge in container traffic. Asian countries' efforts towards trade barrier liberalization are further boosting inter-Asian trade, bridging the gap between key world trade routes. These developments are expected to significantly influence the demand for containers among various end-users globally.
Moreover, the evolution in the construction sector presents a lucrative opportunity for the market. With the global construction sector projected to reach USD 13-14 trillion by 2037, there's a growing need for efficient port infrastructure to support construction activities. This growth, especially in countries like China, the US, and India, is anticipated to drive the demand for reach stackers. These machines play a vital role in enhancing the efficiency of port activities, supporting the sector's expansion while helping achieve carbon reduction goals through efficient infrastructure utilization. Thus, the high demand for shipping containers is expected to trigger the growth of the market during the forecast period.
Trends- Growth of e-commerce industry
The booming e-commerce sector has played a significant role in propelling the logistics sector, as online retailers need fast and dependable fulfillment and transportation services to ship their products to customers across the world. Due to the sharp rise in online sales globally, the rising adoption of e-commerce has become one of the major market drivers in the global logistics sector. To improve the overall customer experience, technology has been incorporated into logistics operations such as warehouse automation, route optimization, and real-time tracking of shipments. Companies are extending their services to satisfy evolving customer demands as the e-commerce industry expands.
Moreover, e-commerce enterprises need a variety of logistics services, such as shipping, warehousing, stacking, and last-mile delivery, and as a result, specialist logistics firms with an e-commerce-only focus have emerged. The expansion of the e-commerce sector has created new markets and opportunities for reach stacker providers, as well as made it possible for them to offer cross-border shipping and fulfillment services. Thus, the increase in the e-commerce industry is expected to drive the growth of the market during the forecast period.
Challenge- Fluctuation in import and export levels of goods
One of the important factors for the growth of the reach stacker is the overall import and export of products across countries. However, it is seen that global imports and exports are decreasing. The US witnessed a significant drop in imports and exports. For instance, according to the US census Bureau average import and export decreased by USD 0.4 and USD 1 billion in December 2023. The decline was due to the fragile state of the global economy. This drop in global imports and exports is expected to hit the reach stacker market because if fewer materials or items are exported or imported, then the market for air cargo will also decline.
Furthermore, the changes in the trade structure caused by the pandemic in 2020 were equivalent to changes from 2015 to 2020. Substantial imbalances across trade partners and products remained till the end of 2021, which caused uncertainty in trade among various countries, such as the US, India, and China, during 2020-2021. Moreover, in 2022, Russia's invasion of Ukraine led to a negative impact on global trade. Therefore, owing to the prevailing uncertainty in the world, the market may be impeded during the forecast period.
Market Segmentation by Application, Type, and Geography
Application Segment Analysis:
The sea port segment will account for a major share of the market's growth during the forecast period. Sea port is one of the major segments of the market, as it is a cost-effective and energy-efficient means of transporting large quantities of goods, including bulk commodities such as coal, iron ore, and grain, as well as containers and other types of cargo over long distances. One of the key advantages of seaport reach stacker is their low cost compared with other modes of transportation, such as air or road.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global reach stacker market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global reach stacker market 2018 - 2022 ($ million)
- 4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
- 4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Sea port - Market size and forecast 2023-2028
- Exhibit 34: Chart on Sea port - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Sea port - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Sea port - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Sea port - Year-over-year growth 2023-2028 (%)
- 6.4 Industrial - Market size and forecast 2023-2028
- Exhibit 38: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ million)
- Exhibit 43: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type
- 7.3 IC engine - Market size and forecast 2023-2028
- Exhibit 48: Chart on IC engine - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on IC engine - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on IC engine - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on IC engine - Year-over-year growth 2023-2028 (%)
- 7.4 Electric and hybrid - Market size and forecast 2023-2028
- Exhibit 52: Chart on Electric and hybrid - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Electric and hybrid - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Electric and hybrid - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Electric and hybrid - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Exhibit 56: Market opportunity by Type ($ million)
- Exhibit 57: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 71: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.6 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Exhibit 91: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 United Arab Emirates - Market size and forecast 2023-2028
- Exhibit 99: Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028
11 Vendor Landscape
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 Anhui jac international co. ltd
- Exhibit 111: Anhui jac international co. ltd - Overview
- Exhibit 112: Anhui jac international co. ltd - Product / Service
- Exhibit 113: Anhui jac international co. ltd - Key offerings
- 12.4 BOMAQ INDUSTRIES SLU.
- Exhibit 114: BOMAQ INDUSTRIES SLU. - Overview
- Exhibit 115: BOMAQ INDUSTRIES SLU. - Product / Service
- Exhibit 116: BOMAQ INDUSTRIES SLU. - Key offerings
- 12.5 Cargotec Corp.
- Exhibit 117: Cargotec Corp. - Overview
- Exhibit 118: Cargotec Corp. - Business segments
- Exhibit 119: Cargotec Corp. - Key news
- Exhibit 120: Cargotec Corp. - Key offerings
- Exhibit 121: Cargotec Corp. - Segment focus
- 12.6 CVS FERRARI Spa
- Exhibit 122: CVS FERRARI Spa - Overview
- Exhibit 123: CVS FERRARI Spa - Product / Service
- Exhibit 124: CVS FERRARI Spa - Key offerings
- 12.7 Dalian Forklift Co., Ltd.
- Exhibit 125: Dalian Forklift Co., Ltd. - Overview
- Exhibit 126: Dalian Forklift Co., Ltd. - Product / Service
- Exhibit 127: Dalian Forklift Co., Ltd. - Key offerings
- 12.8 Hyster-Yale Materials Handling Inc.
- Exhibit 128: Hyster-Yale Materials Handling Inc. - Overview
- Exhibit 129: Hyster-Yale Materials Handling Inc. - Business segments
- Exhibit 130: Hyster-Yale Materials Handling Inc. - Key offerings
- Exhibit 131: Hyster-Yale Materials Handling Inc. - Segment focus
- 12.9 KION GROUP AG
- Exhibit 132: KION GROUP AG - Overview
- Exhibit 133: KION GROUP AG - Business segments
- Exhibit 134: KION GROUP AG - Key offerings
- Exhibit 135: KION GROUP AG - Segment focus
- 12.10 Komatsu Ltd.
- Exhibit 136: Komatsu Ltd. - Overview
- Exhibit 137: Komatsu Ltd. - Business segments
- Exhibit 138: Komatsu Ltd. - Key offerings
- Exhibit 139: Komatsu Ltd. - Segment focus
- 12.11 Konecranes
- Exhibit 140: Konecranes - Overview
- Exhibit 141: Konecranes - Business segments
- Exhibit 142: Konecranes - Key offerings
- Exhibit 143: Konecranes - Segment focus
- 12.12 Liebherr International Deutschland GmbH
- Exhibit 144: Liebherr International Deutschland GmbH - Overview
- Exhibit 145: Liebherr International Deutschland GmbH - Product / Service
- Exhibit 146: Liebherr International Deutschland GmbH - Key news
- Exhibit 147: Liebherr International Deutschland GmbH - Key offerings
- 12.13 Mitsubishi Heavy Industries Ltd.
- Exhibit 148: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 149: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 150: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 151: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 152: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.14 SANY Group
- Exhibit 153: SANY Group - Overview
- Exhibit 154: SANY Group - Product / Service
- Exhibit 155: SANY Group - Key offerings
- 12.15 Task Forklift
- Exhibit 156: Task Forklift - Overview
- Exhibit 157: Task Forklift - Product / Service
- Exhibit 158: Task Forklift - Key offerings
- 12.16 Taylor Machine Works Inc.
- Exhibit 159: Taylor Machine Works Inc. - Overview
- Exhibit 160: Taylor Machine Works Inc. - Product / Service
- Exhibit 161: Taylor Machine Works Inc. - Key offerings
- 12.17 Toyota Industries Corp.
- Exhibit 162: Toyota Industries Corp. - Overview
- Exhibit 163: Toyota Industries Corp. - Business segments
- Exhibit 164: Toyota Industries Corp. - Key news
- Exhibit 165: Toyota Industries Corp. - Key offerings
- Exhibit 166: Toyota Industries Corp. - Segment focus
13 Appendix
- 13.2 Inclusions and exclusions checklist
- Exhibit 167: Inclusions checklist
- Exhibit 168: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 169: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 170: Research methodology
- Exhibit 171: Validation techniques employed for market sizing
- Exhibit 172: Information sources
- 13.5 List of abbreviations
- Exhibit 173: List of abbreviations
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