Power Stacker Market

Power Stacker Market Snapshot (2022 to 2032)

The overall sales in the power stacker market are projected to increase at 5.5% CAGR between 2022 and 2032. Demand in the market is anticipated to surge on the back of rising application of power stacker in distributing units, general material handling, and warehousing. As per the study, the power stacker market is expected to exceed a valuation of USD 2 Billion by 2022.

Report Attribute	Details
Power Stacker Market Estimated Growth Rate (2022 to 2032)	5.5% CAGR
Power Stacker Market Estimated Size (2022)	USD 2 Billions
Power stacker Market Projected Size (2032)	USD 3.3 Billions

Power stackers are extensively used as a lifting equipment to lift and lower heavy objects with safety and ease. Hence, adoption of power stacker is surging across industrial and construction sectors to improve the productivity and efficiency of warehouse or any inventory.

According to Future Market Insights (FMI), power stacker with driver platform and rider-seated power stackers are expected to gain traction over the forecast period (2022 to 2032). Hence, to capitalize on the growing demand, manufacturers are introducing automatic and advanced technology power stacker.

Further, as power stackers improve the productivity and efficiency of any warehouse and inventory, demand for these is expected to surge in industrial sector. These power stackers also reduce the lead time and operating cost, hence, end users are using these stackers to place, lift, and transport the load with lifting capacity of more than 2 tons.

Backed by these aforementioned factors, the power stacker market is expected to surpass a valuation of USD 3.3 Billion by the end of 2032.

Which are the Factors Facilitating the Growth in Power Stacker Market?

Over the past few years, adoption of material handling equipment has burgeoned across the globe. Due to its low-cost maintenance, easy material handling capacity, and increased efficiency, the demand for power stackers is expected to rise across retail, food & beverage, and industrial sectors.

As power stackers are easy to operate and does not need certified operators, the demand for these low-cost power stacker for warehouse and inventory purposes is improving. This is predicted to propel the sales of power stacker over the assessment period.

Moreover, advent of automation in diverse industries such as food & beverage, retail, industrial, and others is expected to push the demand for material handling equipment across emerging economies. Besides this, implementation of safety regulations by government and reduced labor costs across India and China will drive the demand for power stacker.

What are the Factors Impeding the Growth in Power Stacker Market?

Some of the factors limiting the sales in power stacker market include availability of alternate equipment and high raw material cost. Availability of forklifts through online sales channel in developing regions might limit the demand for power stacker.

Further, high raw-material prices for the production of power stacker is anticipated to limit the growth in power stacker market, especially in low-and-middle income economies. Hence, sales in Latin America market of power stacker might take a nosedive over the upcoming decade.

How Big is the Opportunity in Asia Pacific Power Stacker Market?

According to Future Market Insights, Asia Pacific power stacker market is poised to exhibit positive growth during the forecast period between 2022 and 2032. Growth in Asia Pacific power stacker market is underpinned by rising demand for automated and compact material handling equipment.

Rapid expansion of construction industry in India is another factor improving the demand for power stacker in the Asia Pacific market. Development of residential and commercial infrastructure in India and China will provide impetus to the demand in the market.

According to India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction industry by 2022. The government in India is set to make an investment of around USD 777.73 Billion for the development of sustainable infrastructure by the end of 2022.

With growing construction activities in the country, the demand for power stacker is expected to increase over the forthcoming decade. Spurred by these factors, key players are eyeing the Asia Pacific market to increase their revenue, thereby, propelling the demand in Asia Pacific.

Why is Demand for Power Stackers Rising Across North America?

Demand for power stackers is expected to grow at a considerable pace across North America during the forecast period. This is owing to the rapid expansion of construction industry, rising adoption of automated technologies, and introduction of stringent regulations pertaining to safety during material handling.

The power stacker market in North America is mainly dominated by the USA due to growing development of commercial infrastructure in the country. Also, as power stacker are cost-effective and improves the efficiency in warehousing and inventory, the demand for power stacker in the USA is anticipated to surge over the upcoming decade.

Market Competition

Some of the leading manufacturers of power stacker include Toyota Industries Corporation, Godrej Material Handling, CROWN, Presto Lifts, Linde Material Handling GmbH, Reliable Storage Systems, and PROLIFT Handling Ltd. among others.

Leading players in the power stacker market are focusing on developing advanced technology equipment and are adopting strategies such as acquisitions, mergers, collaborations, and partnerships to strengthen their global footprint in the market.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.5% from 2022 to 2032
Projected Market Size (2032)	~USD 3.3 Billions
Estimated Market Size (2022)	~USD 2 Billions
Base Year for Estimation	2021
Historical Data	2015 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Billion and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Type, Load Capacity, Lifting Height, Application, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Toyota Industries Corporation; Godrej Material Handling; MAINI Materials Movement Pvt. Ltd.; Gloline Equipment Pvt. Ltd.; Jungheinrich AG; CROWN; EP Equipment Co. Ltd.; CLARK EUROPE GmbH; Jost’s Engineering Company Limited; Presto Lifts; Linde Material Handling GmbH; Vestil Manufacturing Corporation; Reliable Storage System; PROLIFT Handling Ltd.
Customization	Available Upon Request

Key Segments Profiled in the Power Stacker Industry Survey

By Type:

• Pedestrian-operated Power Stacker
• Stackers with Driver Platform
• Stand-In Power Stackers Stacker
• Rider-Seated Power Stackers

By Application:

• Lifting equipment’s
• Placing equipment’s
• Transporting loads
• Shifting equipment’s

By Load Capacity:

• Less than 1 tons
• 1 – 1.5 tons
• 1.5 – 2.0 tons
• More than 2.0 tons

By Lifting Height:

• Less than 1.5 meters
• 1.5 – 3 meters
• 3 – 4.5 meters
• 4.5 – 6 meters
• More than 6 meters

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the demand outlook for power stacker market?

As per FMI, the global power stacker market is poised to expand at a 5.5% CAGR during the forecast period.

Which region is considered to be the most lucrative power stacker market?

Asia Pacific is expected to dominate the global power stacker market over the assessment period (2022 to 2032).

What will be the global power stacker market worth in 2032?

Overall sales in the power stacker market are expected to exceed USD 3.3 Billion by the end of 2032.