The stacker crane market size is projected to reach USD 1,442 million by 2027 from an estimated USD 976 million in 2021, at a CAGR of 6.7% from 2021 to 2027.
The growth of this market is influenced by factors such The market is expected to witness growth due to increased demand for automated storage and retrieval systems (ASRS), the rising popularity of automated material handling equipment and warehouses, industrial growth in emerging economies, and increasing demand for third-party logistic services.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=92580587
Single column stacker crane segment is boosting the stacker crane market. It s more suitable for lighter load handling in end-use industries such as consumer goods, e-commerce, pharmaceutical, retail and wholesale. For example, more than 90% of the stacker crane market is dominated by single-column stacker cranes.
With the growing popularity and usage of stacker cranes, the automatic stacker crane segment is expected to register the highest growth rate of 6.8% from 2021 to 2027. Automatic stacker cranes are operator-less material handling equipment that operates through preprogrammed instruction given by the warehouse management system. with improvements in technology such as IoT and AI, the warehouse management system can optimize stacker crane actions and reduce error.
Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=92580587
Asia Pacific is estimated to be the fastest-growing market due to significant growth in the adoption of ASRS in China and, India. The region is expected to lead the market by 2027. The Asia Pacific stacker crane market is witnessing impressive growth due to the growing localization of global layers and the emergence of local integrators and turnkey solution providers. Companies such as ElectroMech(India), Prime Precisions( India), and Jiangsu Ebil Storage Technology Co. Ltd (China) are swiftly rising to occupy the niche market.
Related Reports
Automotive Air Purifier Market – Global Forecast to 2025
Automotive Glazing Market – Global Forecast to 2025
Baggage Handling System Market – Global Forecast to 2025
