Stacker Market

Market Overview:

The global stacker market size reached USD 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 3.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.24% during 2024-2032. The market is expanding rapidly as a result of major increases in E-commerce and warehouse automation, rising labor expenses around the world, and a growing preference for electric stackers due to a greater emphasis on sustainability.

A stacker is a bulk material handling machine used for lifting, storing, and stockpiling loads. It is commonly available in manual, self-lifting, electric, semi-electric, and powered pallet variants. These machines are widely used in factories, transportation hubs, warehouses, shop floors, logistics, and manufacturing facilities. Stacker is a robust, reliable, and cost-effective machine that enhances operational performance and provides high throughput. It also maximizes space utilization, improves storage density, reduces infrastructure costs, and is easy to maneuver in restricted spaces. As a result, stacker finds extensive applications across the retail, logistics, food and beverage (F&B), and automobile industries.

Stacker Market Trends:

Warehouse Automation and E-commerce Growth

The surge in e-commerce and the expansion of automated warehouses are key drivers behind the stacker market growth. As online shopping becomes more popular, firms must optimize their supply chains and warehouse efficiency to meet increasing consumer demand. Stacker equipment is critical for enabling the movement, storage, and retrieval of items in a warehouse environment, especially in high-density storage environments. Automated stackers, in particular, enable faster and more precise handling of goods, reducing operational downtime and improving the overall flow of products through the supply chain. Additionally, businesses are increasingly investing in warehouse automation to minimize human errors and streamline operations, which is further expanding the stacker market share. When stacker systems are incorporated with warehouse management systems (WMS), they may be designed to maximize space usage and enable real-time inventory tracking, which is crucial for companies that handle huge amounts of products.

Rising Labor Costs

According to the recent stacker market analysis, global increases in labor costs are encouraging businesses to seek alternatives that reduce their reliance on manual labor. In many developed and developing countries, minimum wage laws and rising wage expectations are contributing to higher operating costs for businesses that depend on large workforces for material handling tasks. Stacker equipment offers an effective solution by automating key material handling processes, which significantly reduces the need for human intervention. As a result, businesses can lower labor expenses while maintaining, or even increasing, their productivity levels. This cost-effectiveness is particularly attractive to industries that operate in labor-intensive environments, such as manufacturing, logistics, and retail. Furthermore, the development of automated stackers, which can be operated by a single person or integrated into an automated system that requires minimal human supervision, leading to higher efficiency and less workforce dependency, is supporting the stacker market growth.

Sustainability and Energy Efficiency

Based on the latest stacker market outlook, the growing focus on sustainability and energy efficiency is another factor driving the stacker market growth. Many companies are striving to meet global sustainability standards and reduce their carbon footprints, leading to a shift from traditional fuel-powered equipment to electric alternatives. Electric stackers offer several advantages, such as lower emissions, quieter operation, and reduced energy consumption compared to their diesel or gas-powered counterparts. This transition aligns with broader corporate sustainability goals, including reducing greenhouse gas emissions and energy consumption. Electric stackers are increasingly being adopted in industries like retail, logistics, and warehousing, where businesses are under pressure to improve their environmental performance while maintaining operational efficiency. Additionally, government regulations and incentives aimed at promoting clean energy and reducing industrial emissions are encouraging businesses to invest in electric stackers as part of their environmental responsibility efforts.

Stacker Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global stacker market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type and end user.

Breakup by Type:

• Electric
• Manual/Hydraulic
• Semi-Electric
   

Breakup by End User:

• Retail and Wholesale
• Logistics
• Automobile
• Food and Beverages
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global stacker market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• Clark Material Handling Company
• Crown Equipment Corporation
• Doosan Corporation
• Godrej & Boyce Mfg. Co. Ltd.
• Hangcha Group Co. Ltd.
• Hyster-Yale Materials Handling Inc.
• Jungheinrich AG
• Linde Material Handling (Kion Group AG)
• Mitsubishi Logisnext Co. Ltd. (Mitsubishi Heavy Industries Ltd.)
• NIDO Machineries Pvt. Ltd.
• Toyota Industries Corporation
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Stacker Market News:

• In May 2024, Hangcha Group began constructing the Hangcha Technology Park Phase IV Intelligent Production Base. This new project costs $142 million. Using this facility, the company plans to create 10,000 AGVs (AMRs), 1,000 stacker cranes, and 100,000 meters of conveyor lines each year.

Report Coverage: