PUBLISHER: The Business Research Company | PRODUCT CODE: 1532081
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532081
A stacker crane is a type of material handling equipment widely used in warehouses, distribution centers, and manufacturing facilities. It is designed to efficiently and automatically handle and store goods or materials within vertical storage systems such as pallet racks or shelving.
The primary types of stacker cranes include single-column and double-column variants. A single-column stacker crane operates as an automated storage and retrieval system (AS/RS) with a single mast or column. These cranes perform various operations, including semi-automatic and automatic functions, and are utilized in multiple applications such as autostart systems, early baggage storage, sortation systems, and robotized order preparation. They cater to a diverse range of industries including consumer goods, e-commerce, retail, pharmaceuticals, automotive, and others.
The stacker cranes market research report is one of a series of new reports from The Business Research Company that provides stacker cranes market statistics, including stacker cranes industry global market size, regional shares, competitors with a stacker cranes market share, detailed stacker cranes market segments, market trends, and opportunities, and any further data you may need to thrive in the stacker cranes industry. This stacker cranes research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The stacker crane market size has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.16 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historic period can be attributed to several factors, including the increasing adoption of warehouse automation technologies, improved space utilization practices, the rapid expansion of e-commerce, advancements in material handling techniques, and the implementation of Industry 4.0 principles across manufacturing and logistics sectors.
The stacker crane market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The anticipated growth in the forecast period can be attributed to several factors, including the integration of artificial intelligence (AI), advancements in the Internet of Things (IoT), rising labor costs prompting automation, sustainability initiatives driving efficiency improvements, and growing demand for real-time inventory management solutions. Major trends expected in this period include AI-driven operations, connectivity through IoT, adoption of autonomous systems, a heightened focus on sustainability practices, and advancements in real-time inventory tracking capabilities.
The stacker crane market is poised for growth driven by the increasing adoption of automation. Automation employs technology to perform tasks independently or with minimal human intervention, aiming to boost productivity and reduce manual labor. This trend is fueled by factors such as escalating labor costs, technological advancements, the imperative for efficiency improvements, heightened competitiveness, and a growing emphasis on safety and reliability. Stacker cranes are pivotal in modernizing warehouse operations by automating the storage and retrieval of goods, thereby enhancing operational efficiency and meeting the demands of contemporary supply chains. They elevate productivity, optimize storage space, and cut down on labor expenses, all contributing to the rising adoption of automation in warehouse settings. For instance, the International Federation of Robotics reported in May 2023 that industrial robot installations in manufacturing surged by 12% in 2022, reaching 41,624 units, underscoring the pivotal role of automation in driving the stacker crane market forward.
Leading companies in the stacker crane market are actively developing cutting-edge products, such as flagship industrial cranes, to elevate operational efficiency and productivity. Flagship industrial cranes represent top-of-the-line solutions designed for heavy-duty industrial applications. These cranes are distinguished by their advanced features, robust build quality, high load capacities, and versatility in handling diverse loads and challenging operational environments. For example, Konecranes Oyj, a Finland-based crane manufacturer, unveiled the Konecranes X-series industrial crane in March 2024. This innovative crane integrates state-of-the-art digital technologies to significantly enhance operational efficiency and safety. Key features include real-time monitoring and predictive maintenance capabilities enabled by sensors and IoT connectivity. This smart, connected solution not only improves reliability and operational uptime but also provides actionable insights to operators and maintenance teams, setting a new benchmark in industrial crane technology for efficiency and reliability.
In June 2023, Konecranes Oyj expanded its capabilities in the Nordic region by acquiring Munck Cranes, a Norway-based provider of standard and customized material handling solutions, including stacker cranes. This strategic acquisition strengthens Konecranes' position and service offerings in the industrial crane sector across Northern Europe.
Major companies operating in the stacker crane market are Toyoda Automatic Loom Works Ltd., Doosan Corporation, Kion Group AG, Murata Machinery Ltd., Jungheinrich AG, Daifuku Co. Ltd., KUKA AG, Hyster-Yale Materials Handling Inc., Schafer Systems International Inc., Vanderlande Industries B.V., KNAPP AG, Mecalux S.A., TGW Logistics Group GmbH, Swisslog Holding AG, Viastore SYSTEMS GmbH, Alstef Group SAS, System Logistics S.p.A, ATOX Sistemas De Almacenaje S.L., LTW Intralogistics GmbH, Cassioli Group S.r.l., Electromech Material Handling Systems (India) Private Limited, Uteco Contec S.r.l
Asia-Pacific was the largest region in the stacker crane market in 2023. The regions covered in the stacker crane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the stacker crane market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The stacker crane market consists of sales of pallets, material handling equipment, and robotic cranes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Stacker Crane Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on stacker crane market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for stacker crane ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The stacker crane market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.