The power stacker market is expected to grow at a CAGR of 5.5 percent. The market is expected to grow due to the increasing use of power stackers in distribution units, general material handling, and warehousing. According to the study, the power stacker market would be worth more than $2 billion by 2022.
Future Market Insights, in its latest business report, elaborates on the current situation of the Power Stacker market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.
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The market study depicts an extensive analysis of all the players running in the Power Stacker Market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies, and mergers & acquisitions associated with the players are enclosed in the Power Stacker Market report.
Power stackers are extensively used as a lifting equipment to lift and lower heavy objects with safety and ease. Hence, adoption of power stacker is surging across industrial and construction sectors to improve the productivity and efficiency of warehouse or any inventory.
According to Future Market Insights (FMI), power stacker with driver platform and rider-seated power stackers are expected to gain traction over the forecast period (2022-2032). Hence, to capitalize on the growing demand, manufacturers are introducing automatic and advanced technology power stacker.
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Further, as power stackers improve the productivity and efficiency of any warehouse and inventory, demand for these is expected to surge in industrial sector. These power stackers also reduce the lead time and operating cost, hence, end users are using these stackers to place, lift, and transport the load with lifting capacity of more than 2 tons.
Some of the market participants in the global power stacker market are Toyota Industries Corporation, Godrej Material Handling, MAINI Materials Movement Pvt. Ltd., Gloline Equipment Pvt. Ltd., Jungheinrich AG, CROWN, EP Equipment Co. Ltd., CLARK EUROPE GmbH, Jost’s Engineering Company Limited, Presto Lifts, Linde Material Handling GmbH, Vestil Manufacturing Corporation, Reliable Storage System, PROLIFT Handling Ltd.
