The increasing port activities is propelling the growth of the Reach Stackers in the APAC Region!
- Vikas Kumar
- December 23, 2023
- AUTOMOTIVE, NEWS
- Reach Stacker Market Analysis, Reach Stacker Market Forecast, Reach Stacker Market Growth, Reach Stacker Market Outlook, Reach Stacker Market Share, Reach Stacker Market Size, Reach Stacker Market Trends
- 0 Comments
The Reach Stacker market in the Asia Pacific region is anticipated to witness significant growth throughout the forecast period. The major factor driving the market in the APAC region is, out of the ten largest and busiest ports of the world, almost all are located in the APAC region, where Shanghai port, which is located in China is the world’s biggest port with a whopping 37 million TEUs of cargo volume, with an annual cargo traffic handling of around 43 million TEUs, making it the globes biggest container facility. The major reason that is responsible for this heavy volume in the APAC region is, that International transport in the Pacific region relies heavily on maritime shipping (MS). On a tonnage basis, over 80% of all international cargo (both container and non-container) in this region is transported by ship, according to the World Trade Service (WTS) database. For instance, on Nov 2022, as per UNCTAD (United Nations Conference on Trade and Development), Asia remained the world’s leading maritime cargo handling center in 2021, accounting for 42% of exports and 64% of imports. In 2021, Asian container exporters were among the top five, accounting for almost half the traffic, and included China, Viet Nam, the Republic of Korea, and Japan. The APAC automotive side window sunshade market is expected to grow at a strong CAGR of around 19% during the forecast period (2022-2030).
Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=42814
APAC is anticipated to emerge as the fastest-growing reach stacker market primarily owing to the spur in consumer demand all across the globe, further leading to rising trade between the countries and continents, where countries in Asia Pacific are biggest exporters and importers of finished goods as well raw materials, and have some of the busiest ports of the world. Reach stackers play a significant role in the efficient management of the ports, and with the growing ports activity, the demand for reach stackers is also growing along with it.
FIG. 1 APAC Reach Stacker Market Revenue (2020-2030)- USD Mn
“Amongst capacity, the 30-45 ton reach stackers hold a significant share of the market”
Based on capacity type, the market is segmented into below 30 tons, 30-45 tons, and above 45 tons. The 30-45 ton reach stackers hold a significant share of the market owing to the fact that the 45-ton reach stackers are specially designed for 20-foot and 40-foot international standard containers. Moreover, reach stackers of this range are always preferred over forklifts due to their advantages of maneuverability and flexibility, convenient operation, good stability, lower wheel pressure, high stacking layers, and high utilization of the container yards, further boosting the demand for the reach stackers in the ports industry.
Based on the end-user industry, the market is segmented into container ports and terminals, intermodal and barge handling, general manufacturing and bulk handling, and others. Container ports and terminals generate significant demand for reach stackers, which are used for elevating the performance of the port by increasing its efficiency, profitability, and sustainability. Moreover, reach stackers helps ports to break their cycle of low performance, decreases operating cost, increases operational efficiency, and improve environmental sustainability.
For a detailed analysis of the Global Reach Stacker Market browse through – https://univdatos.com/report/reach-stacker-market/
Global Reach Stacker Market Segmentation
Market Insight, by Capacity
- Below 30 ton
- 30-45 ton
- Above 45 ton
Market Insights, by End User
- Container ports and terminals
- Intermodal and barge handling
- General manufacturing and bulk handling
- Others
Market Insights, by Purchasing Option
- Buying
- Renting
- Leasing
Market Insight, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- APAC
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
- Rest of the World
Top Company Profiles
- Toyota Material Handling
- Hyster-Yale Group, Inc.,
- SANY GROUP
- Dana Limited
- Cargotec
- CVS Ferrari S.P.A
- Konecranes
- Liebherr Group
- Terex Cranes
Related Posts
