Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Stacker Crane Market size is expected to reach $1.3 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
The Single Column segment has acquired maximum revenue share in the Global Stacker Crane Market by Type in 2020, thereby, achieving a market value of $875.1 million by 2027. This is because order pickup and storage are quick and precise with single-column stacker cranes, allowing for growing use in the e-commerce business. In addition, they made it possible to respond quickly to order customizations, which was previously time-consuming with standard storing and retrieval methods. Because single-column cranes are frequently implemented as an automated solution, the goods flow and storage are streamlined, increasing the warehouse's capacity. Furthermore, most of the industry's major manufacturers are aiming to increase the load capacity of single-column stacker cranes in order to expand their use in heavy industries.
The Automatic segment is showcasing a CAGR of 8.8% during (2021 - 2027). This is because Automatic stackers make it easier to store and retrieve things with fewer orders because to their built-in sensors. In addition, the development of completely autonomous and efficient stacker cranes has been accelerated by the growth of complicated algorithms. The detection of items by sensors is pre-programmed with the use of an algorithm in automatic stacker cranes. They require no operator guidance and can store or retrieve cargo with fewer commands than semi-automatic stacker cranes. The automatic stacker crane is a low-energy mechanism that can store and retrieve items in a single cycle.
The Pharmaceutical segment has growth rate of CAGR of 7.7% during (2021 - 2027). Because the packed goods in this area are usually light, mini-load stacker cranes and other types of stacker cranes are frequently used. Moreover, in comparison to any other industry, the pharmaceutical industry has been one of the most heavily regulated in terms of quality control. Precision is one of the most important features of any manufacturing process. In any pharmaceutical production procedure, extreme sanitary conditions are essential.
Asia Pacific is the fastest growing region in the Global Stacker Crane Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $482.3 million by 2027. The Europe market is estimated to grow at a CAGR of 6.5% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 6.2% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/stacker-crane-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Toyota Industries Corporation, SSI Schaefer Group, Daifuku Co., Limited, Kion Group, Knapp AG, Kuka AG, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Mitsubishi Logisnext Co., Ltd., and Murata Machinery Ltd.
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