The Latin America, Middle East and Africa Stacker Crane Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
Stacker cranes are automated equipment that store and retrieve cargo while operating within a racking system. In addition, stacker Cranes are designed to provide enterprises with complete control over their warehouse operations, assuring error-free, smooth, rapid, and safe storage, and retrieval. Many companies are creating innovative solutions in order to cater to the most recent market demands for flexibility, energy efficiency, reliability, and performance. Moreover, special operating conditions, such as cold, high humidity, and clean or hostile surroundings, can be designed into this equipment.
The stacker crane has advantages such as consistent capacity at all heights with no reduction in capacity. It also improves safety when moving weights, especially those that are heavier and more voluminous. Because of the compact design, the narrow aisle width is attained, allowing for improved space utilization for a given storage area.
The Middle East and Africa market is characterized by the increased urban populations and private sector expenditures in the construction of new commercial structures. Moreover, the growing number of skyscrapers in the United Arab Emirates would require a higher number of such machines in the future. Similarly, the regional market is witnessing a gradual increase in government attempts to encourage private sector participation in infrastructure development.
Moreover, many regional enterprises find stacker cranes more effective when the weight and product dimensions are non-standard and cannot be handled by ordinary material handling equipment such as forklifts. Due to its automation, this increases a store's storage density, reduces aisle width, and makes the business more efficient. Furthermore, no downtime is necessary for battery charging. The system's design, which includes a crane installed on the racks, is intrinsically safe, with no risk of toppling over. Hence, these factors are anticipated to create lucrative growth opportunities for the players operating in the regional Stacker Crane Market over the forecasting years.
The Brazil market dominated the LAMEA Stacker Crane Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $25.6 million by 2027. The Argentina market is exhibiting a CAGR of 9% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 8.1% during (2021 - 2027).
Based on Type, the market is segmented into Single Column and Double Column. Based on Operation, the market is segmented into Semi-Automatic and Automatic. Based on Industry, the market is segmented into Consumer Goods, E-commerce/Retail & Wholesale, Pharmaceutical, Automotive and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Stacker Crane Market is Predict to reach $1.3 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toyota Industries Corporation, SSI Schaefer Group, Daifuku Co., Limited, Kion Group, Knapp AG, Kuka AG, Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Mitsubishi Logisnext Co., Ltd., and Murata Machinery Ltd.
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