Through 2029, the global reach stacker market is expected to grow at an annual rate of 8%. The modern world’s backbone is a constant flow of commodities and things. The need of quick, safe, and precise container handling in ports and terminals has grown in tandem with the increasing efficiency of data-driven logistics. This makes a sea port without a reach stacker, which can lift and move tens of thousands of containers each day, hard to fathom.
Reach stackers are seeing widespread use at ports across the world, as manufacturers rapidly increase the stacking and storage capacity of these container handling machines.
Reach Stacker Market – Segmentation
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Stakeholders Will Face Obstacles
Despite the fact that the reach stacker market continues to grow at a steady rate, a number of obstacles continue to limit industry growth. The high initial investment and operating expenses of reach stackers continue to push end customers to rent rather than buy this container handling equipment outright.
Reach stacker sales are projected to decline as a growing number of end users grasp the economic benefits of renting expensive equipment rather than buying it outright.
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