Reach Stacker Market Predicted to reach 8.0% CAGR and Exhibit Highest Market Value by the end of 202
Impressive flexibility along with the higher stacking and storage capacity of reach stacker are highly likely to add to the lucrativeness of these container handling equipment in the years to come.
[ClickPress, Thu Sep 12 2019] Fact.MR has published a new research report on global reach stacker market sizes, upcoming industry trends and growth opportunity through 2019-2029 to its online database that tries to unveil the various scenarios prevailing in the reach stacker market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the reach stacker market. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers.
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The steady flow of materials and goods is the backbone of the modern world. With the enhancing efficiency of data-driven logistics, the swift, safe and precise container handling in ports and terminals has become even more important. This is further making it impossible to imagine a sea port without a reach stacker, which can lift and move tens of thousands of containers daily. With manufacturers rapidly increasing stacking and storage capacity of reach stackers, these container handling equipment are witnessing wide adoption at harbors worldwide. Reach stackers are not just the most frequently observed container handling equipment, but also getting recognized as a key success factor in intermodal transport, owing to their growing adoption for safe and quick container handling.
Growing traction for reach stacker as one of the most flexible container handling solutions to operate at a smaller one unit terminal and medium-sized port as well, is pacing up the gains for the market. As reach stacker can handle heavy containers efficiently even in narrow lanes, while ensuring the driver has ideal visibility, it is increasingly replacing forklift and other conventional container handling equipment. Even the Fact.MR analysts have mentioned this growth in its latest business intelligence, estimating the sales of reach stackers to reach ~US 275 Mn in 2018. The market for reach stacker continues to pick steady pace, owing to the widening applications of this highly versatile and agile equipment for lifting containers of varying capacities.
Seaborne Trade Gearing Up
Shipping continues to be the oxygen of global economy in numerous ways, with the international shipping industry responsible for the carriage of ~90% of world trade. According to UNCTAD stats, the global seaborne trade is expanding at improved 4% rate. As shipping lays the foundation for the intercontinental trade, large scale transportation of raw materials, and the import/export of reasonable food and manufactured goods, handling equipment used at harbors and sea ports have been garnering significant limelight in the recent years. Seaborne trade continues to thrive, bringing benefits for consumers across the world via competitive freight costs. This proliferating seaborne trade has led to an increased demand for efficient and quick container handling equipment that can operate precisely and efficiently even amid the highly congested seaports.
Reach Stackers Substituting Conventional Container Handling Equipment
Growing use of containers for sea transportation has been creating a greater need for efficient, quicker, and safe container handling equipment. In view of growing demand for improved container handling equipment, reach stackers are witnessing growing traction over forklifts and other conventional variants. Impressive flexibility along with the higher stacking and storage capacity of reach stacker are highly likely to add to the lucrativeness of these container handling equipment in the years to come.
In view of the growing seaborne trade, several sea ports are also undergoing massive expansion, which in turn is widening the bandwidth of opportunities for reach stacker manufacturers. Surging global seaborne trade volume and evolution of containerized shipping has led to an increased traction for the development of advanced, safe, and efficient container handling equipment, such as reach stackers.
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Default container handling equipment continue to become a thing of past as growing number of end users are placing their focus on leveraging advanced variants that promise speed, safety and efficiency. As reach stackers give extensive freedom to the driver along with innumerable rotation possibilities, they are witnessing considerable deployment across sea ports, yards, and industrial spheres. These properties of reach stackers continue to enable driver to improve the work efficiency of the unit, while eliminating the need to approach the container from a 90 degrees position. Apart from increasing application in sea ports, reach stackers are also finding extensive deployment across yards and industrial applications.
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