Between 2022 and 2032, the power stacker market is expected to grow at a CAGR of 5.5 percent. The market is expected to grow due to the increasing use of power stackers in distributing units, general material handling, and warehousing. According to the study, the power stacker market will be worth more than $2 billion by 2022.
Power stackers are widely used as lifting equipment to safely and easily lift and lower heavy objects. As a result, the use of power stackers is increasing in the industrial and construction sectors to improve warehouse productivity and efficiency.
Power stackers with driver platforms and rider-seated power stackers are expected to gain traction over the forecast period, according to Future Market Insights (FMI) (2022-2032). As a result, manufacturers are introducing automatic and advanced technology power stackers to capitalize on the growing demand.
Furthermore, because power stackers increase the productivity and efficiency of any warehouse and inventory, demand in the industrial sector is expected to increase. End users are using these power stackers because they reduce lead time and operating costs. Backed by these aforementioned factors, the power stacker market is expected to surpass a valuation of US$ 3.3 Bn by the end of 2032.
Material handling equipment adoption has skyrocketed in recent years all over the world. Power stackers are expected to become more popular in the retail, food and beverage, and industrial sectors due to their low-cost maintenance, easy material handling capacity, and increased efficiency.
Because power stackers are simple to use and do not require certified operators, demand for these low-cost power stackers for warehouse and inventory purposes is increasing. This is expected to boost power stacker sales during the assessment period.
Furthermore, the introduction of automation in various industries such as food and beverage, retail, industrial, and others is expected to drive demand for material handling equipment in emerging economies. In addition, the government’s implementation of safety regulations and lower labor costs across the board.
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.
