The overall sales in the power stacker market are projected to increase at a 5.5% CAGR between 2022 and 2032. Demand in the market is anticipated to surge on the back of the rising application of power stackers in distributing units, general material handling, and warehousing. As per the study, the power stacker market is expected to exceed a valuation of US$ 2 Bn by 2022.
Power stackers are frequently used as lifting tools to safely and easily raise and lower heavy objects. As a result, the use of power stackers is expanding throughout the industrial and construction sectors to boost warehouse productivity and inventory efficiency.
Power stackers with driver platforms and rider-seated power stackers are anticipated to gain popularity over the forecast period, according to Future Market Insights (FMI) (2022-2032). Therefore, manufacturers are introducing automatic and cutting-edge technology power stackers to take advantage of the growing demand.
The use of material handling equipment has increased dramatically over the past few years. The demand for power stackers is anticipated to increase across the retail, food & beverage, and industrial sectors as a result of their low maintenance costs, simple material handling capacity, and increased efficiency.
Power stackers are in greater demand for warehouse and inventory purposes because they are inexpensive, simple to use, and do not require certified operators. This is anticipated to increase power stacker sales over the evaluation period.
According to Future Market Insights, the Asia Pacific power stacker market is poised to exhibit positive growth during the forecast period between 2022 and 2032. Growth in the Asia Pacific power stacker market is underpinned by rising demand for automated and compact material handling equipment.
The rapid expansion of the construction industry in India is another factor improving the demand for power stackers in the Asia Pacific market. The development of residential and commercial infrastructure in India and China will provide impetus to the demand in the market.
Key Players:
- Toyota Industries Corporation
- Godrej Material Handling
- MAINI Materials Movement Pvt. Ltd.
- Gloline Equipment Pvt. Ltd.
- Jungheinrich AG
- CROWN
- EP Equipment Co. Ltd.
- CLARK EUROPE GmbH
- Jost’s Engineering Company Limited
- Presto Lifts
- Linde Material Handling GmbH
- Vestil Manufacturing Corporation
- Reliable Storage System
- PROLIFT Handling Ltd.
