The global stacker crane market size is estimated to reach USD 1.1 billion in the year 2023. Overall, sales of stacker cranes are projected to expand at a CAGR of 7.9%, totaling around USD 2.4 billion by 2033.
Market growth is fueled by the following drivers:
| Attributes | Details |
|---|---|
| Stacker Crane Market Value (2023) | USD 1.1 billion |
| Stacker Crane Market Forecast Value (2033) | USD 2.4 billion |
| Stacker Crane Market CAGR (2023 to 2033) | 7.9% |
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The stacker crane market is anticipated to reach USD 1.1 billion in the year 2023. Previously, the market registered a CAGR of 11.9% in the historical period. The Stacker crane industry is projected to witness a CAGR of 7.9% in the next 10 years.
The market growth can be attributed to the rapid expansion of end-use verticals and the rising need for advanced bulk material handling systems. Moreover, the integration of remote user connectivity and interface in stacker cranes is further predicted to encourage their adoption during the forecast period.
Stacker cranes have become essential material handling solutions, used across diverse manufacturing verticals like warehouses or manufacturing plants, for storage and retrieval of materials. Robust expansion of manufacturing industries the world over, along with the surge of logistics 4.0, is boosting the stacker crane industry. The logistics sector and manufacturing industries are utilizing stacker cranes for easy and rapid completion of work.
Leading players are focused on expanding their stacker crane production capacity and sales, by launching new manufacturing units across attractive markets.
| Attribute | Valuation |
|---|---|
| 2025 | USD 1.28 billion |
| 2028 | USD 1.61 billion |
| 2032 | USD 2.18 billion |
The market, over the next decade, is predicted to rise at a CAGR of 7.9%. By 2033, the market is estimated to reach USD 2.4 billion.
As technological advancements continue penetrating industries, stakeholders are embracing various automation techniques, including the deployment of industrial robotics. Manufacturing facilities are deploying robots and robotics in every aspect of operations, from hardcore production to assembly. This has not only helped make operations efficient, but also streamlined the overall supply chain.
The application of robotics is overtly visible in the logistics industry. Companies have invested in automated storage and retrieval systems (ASRS) to automate movements as well as various regions in the facility, due to the growing complexity of warehousing and the necessity for flexible and efficient operations.
The industry has been deploying storage robots, which are a category of stacker cranes, renowned for conducting multiple storage and removal operations. Single-mast, twin-mast, and automatic trilateral stacker cranes are only a few of the several varieties of stacker cranes. These storage lanes' horizontal and vertical moving logistics robots automatically insert and remove pallets from racks.
Another highly popular automated option that may be used by companies with a lot of items coming in and going out is the automated pallet shuttle. An electric shuttle that moves through the storage channels of this small storage system speeds up pallet loading and unloading.
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According to Future Market Insights, the stacker crane market is expected to flourish significantly across the United States. Growth is expected to thrive amid a significantly automated logistics sector. The industry is highly competitive, prompting heavy investments by various service providers in this domain.
To stay relevant, logistics providers are therefore investing funds in automating their supply chain and manufacturing operations. This has eventually paved the way for key stacker crane manufacturers to establish a base in the country. For instance, the American Crane & Equipment Corporation (ACECO) is a premier designer and manufacturer of stacker cranes. The manufacturer is capable of handling material loads up to 4,000 lbs., comprising a 4-bar insulated conductor system for an uninterrupted power supply. The manufacturing units of the company are compliant with OSHA, NEC, and CMAA standards and regulations.
The supply chain has undergone tremendous change over the last few decades. Due to the advancement in technology and rising initiatives to propel automation, machines have begun replacing human labor. As a result, various types of material handling equipment, like stacker cranes, are being used across manufacturing industries for the storage of goods.
Stacker cranes have become ideal storage and retrieval systems used in warehousing operations for enhancing productivity, reducing manual labor, and minimizing errors. They allow users to execute loading and unloading operations quietly and steadily.
Robust expansion of manufacturing industries, such as automotive and consumer goods, due to rapid urbanization, increasing population, infrastructural development, etc., is expected to boost the growth of the stacker cranes market during the forecast period. Besides this, the growing expansion of the mobile cranes market and increasing demand for automated warehouses are the factors likely to bode well for market growth.
Some significant factors limiting the growth of the stacker crane market include the huge cost of installing stacker crane systems and frequent technical errors. Additionally, the unavailability of sufficient infrastructure and space for the use of stacker cranes across emerging economies may also pose a hindrance to market development.
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| Taxonomy | Type |
|---|---|
| Top Segment | Single column |
| Forecast CAGR | 7.4% |
| Taxonomy | End-use Industry |
|---|---|
| Top Segment | Consumer Goods |
| Forecast CAGR | 7.1% |
The semi-autonomic segment is witnessing significant growth owing to the rapid adoption by small businesses. However, the automatic segment is set to outpace the semi-autonomous one during the forecast period. This can be attributed to the initiation of logistics 4.0, rising penetration of automation, and rapid expansion of the robot stacker crane market.
Automatic stacker cranes have inbuilt sensors that make it easy to store and retrieve goods with fewer commands. They are fast, accurate, and significantly minimize the chance of errors. Increasing awareness about the benefits of automatic cranes is further projected to expand the segment growth during the forecast period.
As per FMI’s latest stacker crane market analysis, the consumer goods segment dominates the global stacker crane market, owing to the rising consumption of finished products across the world. The segment is projected to expand at a CAGR of 7.1% over the forecast period.
Stacker cranes are being increasingly employed across consumer goods industries and supply chains, including storage facilities or warehouses, to increase productivity and reduce human intervention. The pharmaceutical sector, on the other hand, is emerging as a significant end-use industry for mini-load stacker cranes.
| Historical CAGR (2017 to 2022) | 11.4% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.1% |
The stacker crane market, based on type, has been segmented into a single column and a double column. Among these, the single-column stacker crane segment dominated the global stacker crane market, and the trend is likely to continue during the forthcoming years. The rising adoption of single-column stacker cranes in heavy industries is due to their better precision and swiftness in picking orders and storing them.
| Historical CAGR (2017 to 2022) | 11.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.4% |
| Country | The United States |
|---|---|
| CAGR (2023 to 2033) | 7.7% |
| Market Size (2033) | USD 850.3 million |
| Country | The United Kingdom |
|---|---|
| CAGR (2023 to 2033) | 7% |
| Market Size (2033) | USD 101 million |
| Country | China |
|---|---|
| CAGR (2023 to 2033) | 7.3% |
| Market Size (2033) | USD 172.2 million |
| Country | Japan |
|---|---|
| CAGR (2023 to 2033) | 6.4% |
| Market Size (2033) | USD 140.8 million |
| Country | South Korea |
|---|---|
| CAGR (2023 to 2033) | 5.7% |
| Market Size (2033) | USD 82.8 million |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 850.3 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 445.7 million |
The United States stacker crane market is projected to attain USD 850.3 million by 2033. The market is estimated to register a CAGR of 7.7% in the forecast period. The expanding end-use industries, rising penetration of automation, presence of leading stacker crane manufacturers, and advancements in crane motors, are spurring the market growth.
Over the years, there has been a sharp increase in warehouses and other storage facilities across the United States. This rise in the number of warehouses and other storage facilities is creating a huge demand for material-handling equipment like stacker cranes in the country. The expansion of the robot stacker crane industry and rising labor costs is further expected to boost the sales of stacker cranes in the country.
| Historical CAGR (2017 to 2022) | 11.5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.7% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 172.2 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 87.2 million |
The China stacker crane market is assessed to reach USD 172.2 million by 2033. The market is predicted to expand at a CAGR of 7.3% over the forecast period. With the heavy presence of manufacturing industries, flourishing export business, and increasing adoption of automation, China is emerging as a dominant market for stacker cranes. FMI predicts the China stacker crane market to witness a healthy CAGR during the forecast period.
China is a significant exporter of goods in the world. The rise in goods export is creating immense demand for stacker cranes in the country. Similarly, advancement in industrial robotic motors, the booming automotive sector, and the growing popularity of automated stacker cranes is projected to further expand the market size in China during the forthcoming years.
| Historical CAGR (2017 to 2022) | 11.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7.3% |
| Market Size (2033) | USD 101 million |
|---|---|
| Market Absolute Dollar Growth (USD million/billion) | USD 49.6 million |
The United Kingdom stacker crane market is projected to attain USD 101 million by 2033. The market is expected to expand at a CAGR of 7% from 2023 to 2033. The surging demand for stacker cranes in pallet warehouses due to their optimized throughput performance is propelling regional growth. Due to the great load-bearing capacity of high-speed stacker cranes, the stacker cranes get around precisely and quickly, as a result, they offer maximum energy efficiency.
The growing adoption of stacker cranes in mini-load warehouses is fueling the market expansion. Additionally, the growing investments in innovative technologies to supply high performance in throughput, energy efficiency, and space utilization are augmenting the market growth.
| Historical CAGR (2017 to 2022) | 10.5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 7% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 140.8 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 65.3 million |
Japan's stacker crane market is predicted to attain USD 140.8 million by 2033. From 2023 to 2033, the market is anticipated to exhibit a CAGR of 6.4%. The development of highly dynamic stacker cranes by key players is providing impetus to market growth. The new lightweight structure and integrated energy recovery make modern stacker cranes energy-efficient.
The powerful braking systems and lifting speed control of the advanced stacker cranes offer a high level of safety. This is boosting its demand in the end-use industries, where supply chains are already strained, and the adoption of safety-enabling systems is preferred.
| Historical CAGR (From 2017 to 2022) | 10% |
|---|---|
| Forecast CAGR (From 2023 to 2033) | 6.4% |
| Attributes | Details |
|---|---|
| Market Size (2033) | USD 82.8 million |
| Market Absolute Dollar Growth (USD million/billion) | USD 35.1 million |
The South Korea stacker crane market is expected to attain USD 82.8 million by 2033. The market is predicted to expand at a CAGR of 5.7% over the forecast period. The compact design of advanced stacker cranes ensures efficient use of space in an automated mini-load system and a high-bay warehouse. The growing demand for high-quality stacker cranes due to their excellent performance in warehouse logistics is propelling market development.
Key manufacturers operating in the market are offering quality products and services to invigorate market growth. Additionally, the increasing marketing and management of autonomous logistics robots in the country are propelling market expansion.
| Historical CAGR (2017 to 2022) | 8.6% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.7% |
Leading stacker crane manufacturers are constantly focusing on introducing advanced products, such as KBK stacker cranes and automated stacker cranes with better and more advanced features. Furthermore, they have adopted strategies such as partnerships, mergers, agreements, collaborations, etc. to expand their global presence.
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historic Data Available for | 2017 to 2022 |
| Market Analysis | USD billion/million for Value |
| Report Coverage | Market forecast, company share analysis, competition intelligence, analysis of drivers, restraints, opportunities, and threats, market dynamics and challenges, and strategic growth initiatives |
| Key Segments Covered | Operation Type, End-use Industry, Application, Type, Region |
| Key regions covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Argentina, Mexico, Germany, The United Kingdom, France, Russia, Spain, China, India, Japan, Malaysia, Thailand, Indonesia, South Korea, GCC Countries, Türkiye, Israel, Oceania, Africa, South America |
| End-use Industry | Consumer Goods, E-commerce/Retail and Wholesale, Pharmaceutical, Automotive, Others |
| Key companies profiled | KION GROUP AG; Doosan Corporation.; Ssi Schaefer; Swisslog Holding AG; Murata Machinery, Ltd.; Hyster-Yale Materials Handling, Inc.; Jungheinrich AG; MITSUBISHI LOGISNEXT CO., LTD.; TOYOTA INDUSTRIES CORPORATION; Vanderlande Industries B.V. |
| Customization & pricing | Available upon request |
The market in 2023 is valued at USD 1.1 billion.
The Japan market will expand at a CAGR of 14.3% through 2033.
The United Kingdom market will register a 7% CAGR through 2033.
The market will reach USD 2.4 billion by 2033.
The United States emerged as the leading country in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Operation Type 5.1. Semi-automatic 5.2. Automatic 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End-use Industry 6.1. Consumer Goods 6.2. E-commerce/Retail and Wholesale 6.3. Pharmaceutical 6.4. Automotive 6.5. Others 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 7.1. Autostart 7.2. Early Baggage Storage 7.3. Sortation System 7.4. Robotized Order Preparation 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Type 8.1. Single Column 8.2. Double Column 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. KION Group AG 17.2. Doosan Corporation 17.3. Ssi Schaefer 17.4. Swisslog AG 17.5. Murata Machinery Ltd. 17.6. Hyster-Yale Materials Handling 17.7. Jungheinrich AG 17.8. Mitsubishi Logisnext Co. Ltd. 17.9. Toyota Industries Corporation 17.10. Vanderlande Corporation 18. Assumptions & Acronyms Used 19. Research Methodology
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Stacker Crane Market
