Electric Stacker Market Growth: 7.4% CAGR Driving Future Prospects

The global electric stacker market is expected to expand significantly, reaching a value of US$ 4,307.6 million by 2033. This represents a substantial increase from its 2023 value of US$ 2,103.1 million. The growth is expected to be steady, with a Compound Annual Growth Rate (CAGR) of 7.4% driving this upward trend throughout the forecast period.

Several important factors are driving these changes, with two key drivers being the increasing demand for logistics services and the ongoing commitment to reducing carbon emissions to achieve a more sustainable future.

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According to estimates, the global market share will increase due to the rising demand for electric stackers in warehouses for material handling applications. The demand for these stackers may be reduced, however, as Third Party Logistics (3PL) Services become more prevalent, which will restrain the market’s future expansion.

In contrast, the market for electric stackers is anticipated to expand as economic growth and rising environmental protection consciousness take hold.

The electric stacker market refers to the market for electric-powered lifting equipment that is used for material handling and stacking tasks in warehouses, distribution centers, and manufacturing facilities. Electric stackers are designed to lift and move heavy loads, pallets, and other materials with ease, making them an essential tool for many industries.

The growth of the electric stacker market is being driven by the increasing demand for efficient and automated material handling solutions in various industries. The use of electric stackers helps to reduce manual labor, improve efficiency, and increase productivity in material handling operations.

The electric stacker market is expected to continue growing in the coming years, driven by the increasing adoption of automation in material handling operations and the growing demand for electric-powered equipment that is more environmentally friendly and cost-efficient compared to traditional fossil fuel-powered equipment. In addition, the increasing demand for e-commerce and logistics services is expected to boost the demand for electric stackers as more warehouses and distribution centers are built to meet the growing demand for online shopping.

Market Participants Of Electric Stacker Market:

The electric stacker market is dominated by key players such as EP Equipment Co. Ltd., CLARK Material Handling Company GmbH, CROWN Equipment Corporation, MAINI Materials Movement Pvt. Ltd., Linde Material Handling GmbH, Presto Lifts, PROLIFT Handling Ltd., Godrej Material Handling, KION Group AG, Mitsubishi Logisnext Co. Ltd., Toyota Industries Corporation, Doosan Corporation, Boyce Manufacturing Company Limited, Hangcha Group Co. Ltd., and Hyster-Yale Materials Handling Inc.

Recent Developments in the Electric Stacker Market:

In April 2023, Toyota Material Handling introduced a fresh electric Walkie stacker through its Tora-Max label, contributing to the company’s expanding collection of material handling solutions. The Tora-Max Walkie Stacker presents exceptional adaptability, ease of use, and load security.

In March 2023, Kivnon revealed the introduction of its recent inclusion in the AGV lineup, the K55 Pallet Stacker. This fresh addition to their selection offers customers an automated vehicle designed for the transportation and stacking of pallets.

In January 2023, Baoli, a forklift manufacturer affiliated with the KION Group, introduced a freshly engineered series of electric forklifts spanning Europe, the Middle East, and Africa. These newly debuted trucks encompass economic models meticulously crafted for operational efficiency, boasting lifting capacities ranging from 2.5 tons to 3.5 tons.

In April 2022, Godrej & Boyce, the flagship entity within the Godrej Group, unveiled its strategic objective through its business arm, Godrej Material Handling. The objective entails capturing a substantial 30 percent slice of the counterbalance electric forklift market by 2024, commencing with the launch of the innovative Uno Electric Forklift Truck.