Global Reach Stacker Market 2017-2021

Overview of the global reach stacker market

Market research analysts at Technavio predict that the global reach stacker market will grow steadily at a CAGR of around 5% by 2021. This market research analysis identifies the modernization of equipment fleet to cater to the growing container trade as one of the primary growth factors for this market. Large container ships invariably depend on the availability of ship-to-shore container cranes in terminals which influences the demand for efficient container handling equipment. Owing to the need to meet the growing demands of the container industry and advancements in equipment technologies, there will be a significant increase in investments towards new fleets. This will especially be witnessed in the smaller seaports in developing countries where the lack of efficient container handling equipment will compel terminal operators to increase investments to cater to the growing container trade.

The incorporation of automated systems in port equipment systems will be one of the key trends behind the growth of the reach stacker market. Coordination among the various processes and systems on a real-time basis is steadily increasing with the aid of technologies like IoT, machine-to-machine coordination, and communication. In addition to workflow optimization, increased operational efficiency, and real-time data related to operations to detect and rectification of any malfunction, the implementation of these technologies also results in increased synchronization between different material handling systems.

Competitive landscape and key vendors

The market is highly competitive and fragmented due to the presence of established key players who dominate the market. The key players have strong geographical presence and a wide product portfolio and the vendors implement measures to offer innovative and differentiated products to gain a competitive advantage and to cater to the widespread demand. R&D investments and product innovations in software and hardware enable the established vendors to further expand their presence and increase their market share.

The leading vendors in the market are -

• CVS Ferrari
• Kalmar
• Konecranes
• LIEBHERR
• SANY GROUP

The other prominent vendors in the market are HYSTER, SMV, Terex, and Toyota.

Geographical segmentation and analysis of the reach stacker market

• Americas
• APAC
• EMEA

The market's growth in APAC is influenced by factors such as the growth of port infrastructure, increase in seaborne trade, growth of the container shipping industry, and the modernization of equipment. APAC has large ports for container handling. The increasing demand from various industries such as steel, construction, agriculture, chemicals, and electrical utilities will drive the growth and demand for container handling equipment, which will in turn, fuel market growth. This market study estimates that APAC will be the major revenue contributor to the reach stacker market throughout the forecast period.

Growth drivers, challenges, and upcoming trends: Rise in seaborne trade

The increase in seaborne trade due to higher fuel price influenced by greater economic integration and internationalization of production process will trigger the growth of the reach stacker market. The depletion of fuel resources will result in the increase in fuel prices and this will increase the preference towards waterways due to their fuel-efficiency. This will consequently increase the demand for water transport for the transportation of equipment, which in turn, will drive the demand for reach stackers.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the reach stacker market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global reach stacker market?
• What are the key market trends impacting the growth of the global reach stacker market?
• What are the challenges to market growth?
• Who are the key vendors in the global reach stacker market?
• What are the market opportunities and threats faced by the vendors in the global reach stacker market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global reach stacker market?

Technavio also offers customization on reports based on specific client requirement.

A reach stacker is a vehicle that is primarily used for the handling of intermodal cargo containers in small- and medium-sized terminal ports.  This upcoming industry research report from Technavio on the reach stacker market for the forecast period of 2017 to 2021 will help businesses develop sustainable and effective strategies to gain higher market shares. Also, to provide actionable intelligence alongside the market size of various segments, our industry research experts identify and analyze factors that are crucial for the growth of the automotive industry.

By considering multiple data collection methodologies and covering various factors including the increasing demand for an array of products across the globe, research analysts at Technavio diagnose the growth prospects of automotive sectors such as automotive services and automotive accessories, which will support clients deliver effective business strategies. According to our market research analyst, there has been an upsurge in the seaborne trade over the last decade. Also, this trend is expected to grow steadily due to a rise in fuel prices across the globe. This impending research report on reach stacker also considers the growth of the similar markets such as air cargo market and marine insurance market, which are predicted to grow at a CAGR of around 5% and 3%, respectively until 2021. Moreover, with an extensive analysis of the various parameters, Technavio provides customized reports that support businesses in identifying new growth prospects.

The upcoming report for reach stacker market also identifies the drivers, forthcoming trends, along with the challenges currently experienced by the automotive component sector. Also, this market research report offers insights into the dynamically changing competitive landscape along with the products offered by prominent vendors and their presence across various geographical regions.