Stacker Crane Market Overview
As per MRFR analysis, the Stacker Crane Market Size was estimated at 6.34 (USD Billion) in 2022. The Stacker Crane Market Industry is expected to grow from 6.78(USD Billion) in 2023 to 12.3 (USD Billion) by 2032. The Stacker Crane Market CAGR (growth rate) is expected to be around 6.85% during the forecast period (2024 - 2032).
Key Stacker Crane Market Trends Highlighted
The Stacker Crane Market is propelled by the need for automation and efficiency in warehouses and manufacturing plants. The spread of e-commerce has led to more orders being processed on websites, which means that there is a greater demand for automated material handling systems. Furthermore, warehouses have been adopting high-density storage solutions due to the increased focus on optimizing space utilization.
There are several opportunities for growth in the stacker crane market in various sectors, such as logistics automation with robots and efficient warehousing solutions. The advent of technology such as artificial intelligence and robot integration is expected to bring about fresh prospects for innovation and enhance the functionalities of stacker cranes.
The new trends in the stacker crane market involve an increasing desire by users for customized solutions tailored to specific industry requirements. With software and control systems development, stacker cranes can have heightened safety features, improved efficiency, as well as reduced maintenance demands. Moreover, an emphasis on environmental sustainability has resulted in energy-saving designed stacker cranes that are eco-friendly.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Stacker Crane Market Drivers
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Increasing Demand for Automation in Warehouses and Distribution Centers
A significant factor that contributes to the Stacker Crane Market Industry growth is the increasing requirement for efficiency and productivity in warehouses and distribution centers. With the higher speed of work, lesser probability of human error, and improved safety options stacker cranes have over conventional manual labor, more and more organizations install them to automate their operations. Because every business seeks to optimize its outcomes, this trend is likely to continue in the future.
Growth of E-commerce
Another major factor in the rapid growth of e-commerce is the use of stacker cranes can help businesses perfect the automation of the picking and packing process. As it reduces the time required to ship the ordered goods to the customer, it can also have a positive effect on the customers’ satisfaction.
Rising Labor Costs
Another factor that is propelling the demand for stacker cranes is the increasing cost of labor. The cost of labor has been increasing in many countries constantly in the last several years. This development has made it difficult for businesses to hire and keep employees as this is increasingly becoming expensive for companies. In this regard, most businesses are now opting for automation in order to reduce the cost of labor.
Stacker Crane Market Segment Insights:
Stacker Crane Market Stacking Type Insights
The Stacker Crane Market is segmented by Stacking Type into Single-mast stacker cranes, Double-mast stacker cranes, and Tri-mast stacker cranes. Single-mast stacker cranes are the most common type of stacker crane, accounting for 60% of the global market in 2023. They are relatively simple and inexpensive to operate, and they can be used in a variety of applications. Double-mast stacker cranes are more complex and expensive than single-mast stacker cranes, but they offer a number of advantages, including increased storage capacity and faster throughput. Growth in the market is being driven by the increasing demand for automated storage and retrieval systems in a variety of industries, including manufacturing, warehousing, and distribution.
The Asia-Pacific region is expected to be the largest market for stacker cranes over the next 10 years, accounting for over 40% of global demand. The growth in this region is being driven by the rapidly expanding manufacturing sector and the increasing adoption of automated storage and retrieval systems. The key players in the Stacker Crane Market include KION Group, Daifuku Co., Ltd., Jungheinrich AG, and Toyota Industries Corporation. These companies offer a wide range of stacker cranes to meet the needs of a variety of customers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Stacker Crane Market Operation Mode Insights
The Stacker Crane Market segmentation by Operation Mode includes Automated Guided Vehicle (AGV) Stacker Cranes and Manually Operated Stacker Cranes. The AGV Stacker Cranes segment is expected to hold a significant share of the market in the coming years due to its increasing adoption in various industries. These cranes are equipped with advanced technologies such as sensors and navigation systems, enabling them to operate autonomously, improving efficiency and reducing the need for manual labor. On the other hand, Manually Operated Stacker Cranes are projected to witness steady growth, primarily driven by their lower cost and ease of operation, making them suitable for small and medium-sized warehouses and distribution centers.
Stacker Crane Market Load Capacity Insights
The Load Capacity segment is a key factor in the Stacker Crane Market segmentation. It is classified into Light-duty Stacker Cranes, Medium-duty Stacker Cranes, and Heavy-duty Stacker Cranes. Light-duty Stacker Cranes are designed to handle loads up to 1000 kg and are commonly used in warehouses and distribution centers. Medium-duty Stacker Cranes can handle loads up to 2000 kg and are suitable for applications in manufacturing and assembly lines.
Heavy-duty Stacker Cranes are designed for loads exceeding 2000 kg and are used in industries such as steel mills and ports. In terms of market share, Light-duty Stacker Cranes hold the largest share due to their versatility and affordability. Medium-duty Stacker Cranes are expected to witness significant growth over the forecast period owing to increasing demand from manufacturing and logistics industries. Heavy-duty Stacker Cranes, though representing a smaller market share, are expected to grow steadily due to rising demand from heavy industries. The Stacker Crane Market is projected to reach USD 6.78 Billion in 2023 and is anticipated to grow at a CAGR of 6.85% from 2023 to 2032.
Stacker Crane Market Lifting Height Insights
The Stacker Crane Market segmentation by Lifting Height into Low-lift Stacker Cranes, Medium-lift Stacker Cranes, and High-lift Stacker Cranes provides valuable insights into the industry. In 2024, the Low-lift Stacker Cranes segment held a significant market share, with an estimated revenue of USD 2.1 billion. This segment is driven by the increasing demand for efficient material handling solutions in warehouses and distribution centers.
Medium-lift Stacker Cranes are projected to witness steady growth, reaching USD 1.6 billion by 2024. These cranes offer a balance between lifting height and maneuverability, making them suitable for a wider range of applications. High-lift Stacker Cranes are expected to experience the highest growth rate, with a projected market value of USD 1.2 billion by 2024. The growing adoption of automated storage and retrieval systems in industries such as manufacturing and logistics is driving the demand for these cranes.
Stacker Crane Market Application Insights
The Stacker Crane Market is segmented by Application into the Automotive Industry, Food and Beverage Industry, Pharmaceutical Industry, Logistics and Warehousing, and Metalworking Industry. The Logistics and Warehousing segment is expected to hold the largest market share in 2023, owing to the increasing adoption of automated storage and retrieval systems in warehouses and distribution centers. The Automotive Industry segment is expected to witness significant growth during the forecast period, driven by the rising demand for automated material handling solutions in assembly lines and manufacturing plants.
The Food and Beverage Industry is also expected to contribute to the growth of the Stacker Crane Market as food and beverage manufacturers seek to improve efficiency and productivity in their operations. The Pharmaceutical Industry and Metalworking Industry are other key segments that are expected to drive the growth of the Stacker Crane Market in the coming years.
Stacker Crane Market Regional Insights
The Stacker Crane Market size is projected to reach USD 11.6 billion by 2027, exhibiting a CAGR of 7.5% during the forecast period. Regionally, North America holds the largest market share due to the presence of a large number of manufacturing facilities and warehouses in the region. Europe is another major market for stacker cranes, owing to the growing adoption of automation in the logistics and manufacturing industries. The APAC region is expected to witness the fastest growth over the forecast period, driven by the rapid growth of the manufacturing sector in countries such as China, India, and Vietnam. South America and MEA are relatively smaller markets for stacker cranes, but they are expected to grow at a steady pace due to the increasing adoption of automation in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Stacker Crane Market Key Players And Competitive Insights:
Every company in Stacker Crane Market constantly invests in research development of such systems, as it is necessary for the competitive ability of a company. Key vendors in the market are focused on developing systems that meet the needs of the consumer. In 2023, for example, Toyota Material Handling announced the release of a new model of stacker cranes. These cranes are more automated and safer than the previous models, which shows the company’s substantial input in the development of such systems. Therefore for any company, it is vital to stay competitive and recognizable and consider the use of this, on the first view, old type of material handling system.
The rapid development of the market implies the growth in the number of Stacker Crane Market players, as well as the expansion of initiative companies on a global scale. At the same time, the concentration of the market carries the formation of large corporations and transnational corporations, with a large part of the market falling on them. Frequent in the Stacker Crane Market is also a phenomenon of associations and associations of companies. For example, in 2023, Dematic, one of the world’s leaders in integrated automated material handling solutions, announced the union with Knapp AG to develop and produce automated storage and retrieval systems.
Collaborations let companies use their synergies in product development, as well as to increase buyer interest, as the operational efficiency of servo systems in the Stacker Crane Market has been constantly increasing due to the implementation of such systems. The increasing competitiveness of the market requires companies to continuously improve their products and offer end buyers more comprehensive services. Other companies, such as Kion Group, use their power in the industrial trucks market for the effective sale of stacker cranes equipped with advanced digital technologies. Moreover, the development of digital technologies is available in the Stacker Crane Market every year. Japanese company Aspect is planning to release in the middle of 2023 new automated forklifts and stacker cranes, which are equipped with AI systems in order to carry the inventory and are expected to invent in the future many improvements.
Key Companies in the Stacker Crane Market Include:
- TGW Group
- Daifuku Co.
- MHI Group
- SSI Schaefer
- Kion Group
- Constructor Group
- Dematic
- Toyota Material Handling
- Mecalux
- Mitsubishi Logisnext Co.
- Kardex
- Murata Machinery
- Viastore
- Jungheinrich
- Konecranes
Stacker Crane Market Industry Developments
The Stacker Crane Market is projected to reach USD 12.3 billion by 2032, exhibiting a CAGR of 6.85% during the forecast period (2024-2032). The rising demand for automated material handling solutions in various industries, including manufacturing, warehousing, and logistics, is driving market growth. The increasing adoption of Industry 4.0 technologies, such as IoT and robotics, is further fueling the demand for stacker cranes. Recent developments include the launch of advanced stacker cranes with improved load capacities, faster speeds, and enhanced energy efficiency. Additionally, the growing emphasis on supply chain efficiency and the need for space optimization in warehouses are contributing to the market's expansion.
Stacker Crane Market Segmentation Insights
Stacker Crane Market Stacking Type Outlook
- Single-mast stacker cranes
- Double-mast stacker cranes
- Tri-mast stacker cranes
Stacker Crane Market Operation Mode Outlook
- Automated Guided Vehicle (AGV) Stacker Cranes
- Manually Operated Stacker Cranes
Stacker Crane Market Load Capacity Outlook
- Light-duty Stacker Cranes
- Medium-duty Stacker Cranes
- Heavy-duty Stacker Cranes
Stacker Crane Market Lifting Height Outlook
- Low-lift Stacker Cranes
- Medium-lift Stacker Cranes
- High-lift Stacker Cranes
Stacker Crane Market Application Outlook
- Automotive Industry
- Food and Beverage Industry
- Pharmaceutical Industry
- Logistics and Warehousing
- Metalworking Industry
Stacker Crane Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
6.34 (USD Billion) |
| Market Size 2023 |
6.78 (USD Billion) |
| Market Size 2032 |
12.3 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.85% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
TGW Logistics Group, Daifuku Co., MHI Group, SSI Schaefer, Kion Group, Constructor Group, Dematic, Toyota Material Handling, Mecalux, Mitsubishi Logisnext Co., Kardex, Murata Machinery, Viastore, Jungheinrich, Konecranes |
| Segments Covered |
Stacking Type, Operation Mode, Load Capacity, Lifting Height, Application, Regional |
| Key Market Opportunities |
1 Ecommerce growth2 Warehouse automation3 Logistics efficiency4 Industrial automation5 Smart manufacturing |
| Key Market Dynamics |
1 Increasing demand for automation in warehousing and logistics2 Growth in ecommerce and retail sectors3 Advancements in technology and IoT integration4 Government regulations and industry standards5 Rising labor costs and labor shortage |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Stacker Crane Market is estimated to be valued at USD 6.78 billion in 2023.
The Stacker Crane Market is projected to grow at a CAGR of 6.85% from 2024 to 2032.
Asia Pacific is expected to hold the largest market share in the Stacker Crane Market in 2023, accounting for over 40% of the global market.
Stacker Cranes are primarily used in warehousing and distribution centers, manufacturing facilities, and ports and terminals to store and retrieve materials and goods.
Some of the key competitors in the Stacker Crane Market include Kion Group, SSI Schaefer, Daifuku, Toyota Industries, and Jungheinrich.
The growth of the Stacker Crane Market is primarily driven by the increasing demand for automation and efficiency in warehousing and logistics operations, as well as the growing adoption of e-commerce and the need to optimize supply chain management.
Some of the challenges faced by the Stacker Crane Market include the high cost of implementation and maintenance, the need for skilled labor to operate and maintain the equipment, and the potential for downtime due to technical issues.
Some of the key trends in the Stacker Crane Market include the increasing adoption of automated and robotic systems, the integration of the Internet of Things (IoT) and artificial intelligence (AI) technologies, and the growing demand for customized and flexible solutions.
The growth opportunities for the Stacker Crane Market include the increasing adoption of e-commerce and the need to optimize supply chain management, the rising demand for automation and efficiency in warehousing and logistics operations, and the growing popularity of Industry 4.0 concepts.
When selecting a Stacker Crane, key factors to consider include the type of materials to be handled, the required load capacity, the operating height and speed, the available floor space, and the level of automation required.
