Stacker Crane Market Outlook
According to a new report by Expert Market Research titled, “Global Stacker Crane Market Size, Share, Trends, Analysis, Report and Forecast 2023-2028″, the stacker crane market reached a value of USD 1061 million in 2022. Aided by incorporation of internet of things in stacker crane and growing demand for automated storage and retrieval solutions, the market is projected to further grow at a CAGR of 7.10% between 2023 and 2028 to reach a value of USD 1601.22 million by 2028.
Stacker cranes, also known as automated storage and retrieval systems (AS/RS), are computer-controlled systems designed for automated storage and retrieval of products in manufacturing facilities, warehouses, and distribution centres. These systems significantly enhance efficiency, accuracy, and productivity in material handling processes, ensuring timely delivery and inventory accuracy. As industries worldwide emphasise the ‘Industry 4.0’ revolution, integrating digitalisation and automation in their operations, the stacker crane emerges as a pivotal component.
A notable driver impacting the global stacker crane market outlook is the exponential growth of the e-commerce sector. With consumers increasingly turning to online platforms for a diverse range of products, companies are pressed to ensure timely deliveries and inventory accuracy. Here, stacker cranes come into play, offering efficient storage solutions, ensuring the swift dispatch of products, and reducing manual labour costs.
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Moreover, the manufacturing sector’s ongoing evolution, transitioning from traditional practices to ‘smart manufacturing,’ offers a fertile ground for stacker crane market growth. As industries pivot towards optimising their supply chains and reducing lead times, the demand for automated storage solutions like stacker cranes has seen an uptick. The automotive and electronics industries, in particular, with their stringent requirements for precision and timely production, heavily rely on these systems.
The pharmaceutical industry, too, given its emphasis on traceability, safety, and rapid response times, is incorporating stacker crane systems resulting in fuelled stacker crane market demand. The need for efficient storage and swift retrieval of drugs, especially in times of unprecedented demands like global health crises, underscores the significance of such advanced systems.
The integration of AI and machine learning in stacker crane systems, ensuring predictive maintenance and real-time inventory management, is one such avenue being explored. Furthermore, as businesses globally recognise the long-term ROI of these systems in terms of efficiency, reduced labour costs, and enhanced customer satisfaction, robust stacker crane market expansion is expected.
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Stacker Crane Market Segmentation
The market can be divided based on type, operation type, end use industry, and region.
Market Breakup by Type
- Single Column
- Double Column
Market Breakup by Operation Type
- Semi-Automatic
- Automatic
Market Breakup by End Use Industry
- E-commerce/Retail and Wholesale
- Consumer Goods
- Pharmaceutical
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global stacker crane companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- SSI SCHAEFER Group
- American Crane & Equipment Corporation
- Daifuku Co., Ltd.
- Kion Group AG
- KNAPP AG
- Vanderlande Industries B.V.
- Doosan Logistics Solutions Co. Ltd.
- Interroll Group
- Others
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