The North America Stacker Crane Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
Stacker cranes are the answer for organizing, optimizing, and sequencing your product storage. They are automatic and enhance efficiency by eliminating manual management errors and updating stocks on a regular basis. In addition, stacker cranes enable the construction of large-capacity warehouses with minimal volume. Industrial and commercial facilities can benefit from stacker cranes. They assist in the smooth and efficient functioning of material handling processes by lifting, moving, and positioning objects.
Metal handling procedures frequently entail the storage, transporting, and pouring of molten materials, which can put employees' health and safety in danger if the right equipment isn't used. Stacker cranes and other overhead crane systems are robust, durable, and dependable, making them an excellent choice for material handling. Stacker cranes are used in vehicle manufacturing facilities to lift, transport, and position automobile parts for various processes such as assembly and storage.
One of the key trends of the regional market is the increased government spending in creating new public transportation infrastructure. In addition, the US government is investing in the development of new airports, railway stations, and metro stations. Moreover, expanding urbanization in the United States and Canada is driving demand for new residential buildings.
With the expansion in international trade, the capacity of current ports, as well as the desire for future port construction, remains a big challenge for the region. To meet the demand, governments are making plans and allocating cash for the development of existing and new ports through various projects. Moreover, the region is witnessing high usage of stacker cranes in automated warehouses. The increased popularity of e-commerce platforms and efficient distribution of finished products has resulted in a rise in consumerism across all of the world's economies. It has invariably necessitated greater space use and smart product stacking at various storage facilities. Hence, these factors are estimated to fuel the growth of the regional Stacker Crane Market during the forecast period.
The US market dominated the North America Stacker Crane Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $282.2 million by 2027. The Canada market is estimated to grow at a CAGR of 8.6% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 7.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Stacker Crane Market is Estimated 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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