Stacker Crane Market Size - By Type (Single Column, Double Column), By Operation Type (Semi-automatic, Automatic), By End Use, Global Forecast 2023 - 2032

Stacker Crane Market Size

Stacker Crane Market size was valued at USD 1.1 billion in 2022 and is projected to register a CAGR of over 6% till 2032 Due to the increasing demand for stacker cranes from shipping & logistics facilities. As these facilities handle high volumes of goods with varying storage needs, stacker cranes provide efficient vertical storage solutions. Their ability to maximize space utilization, improve order picking speed, and streamline supply chain operations aligns well with the demands of the shipping & logistics industry.

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The emphasis on safety and precision in stacker cranes is driving industry gains. Automated stacker cranes offer enhanced safety features that reduce the risks of accidents & injuries in material handling operations. Their precise movements ensure accurate load positioning and retrieval, making them suitable for industries where reliability is paramount. This focus on safety & precision reassures operational efficiency and employee well-being.

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The high initial investments required for stacker crane systems pose significant challenges to industry progression. Procuring the machinery, implementing automation technology, and adapting warehouse infrastructure can lead to substantial upfront costs. This financial barrier may deter smaller businesses or those with limited capital from adopting stacker cranes despite the potential long-term benefits. The challenge lies in finding ways to make these systems more accessible and cost-effective for a broader range of businesses.

COVID-19 Impact

The COVID-19 pandemic had significant impacts on the stacker crane market. With the disruption in global supply chains and the temporary shutdown of manufacturing facilities, there has been a significant drop in the demand for stacker cranes. The pandemic caused downtime in the massive port facilities and overall projects that require stacker cranes. It also impacted the installation & maintenance processes of stacker cranes.

Stacker Crane Market Trends

The growing demand for warehouse automation is driving industry expansion. Businesses seeking to optimize their supply chain operations, enhance efficiency, and reduce labor costs have increasingly turned to stacker cranes. These automated machines offer precise & efficient material handling within high-bay storage systems, maximizing storage capacity while minimizing the need for manual labor. The trend is particularly pronounced in the e-commerce sector, where rapid fulfillment and space utilization are crucial for success.

Stacker Crane Market Analysis

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Based on type, the stacker crane market is divided into single column and double column. The single column segment held a industry revenue of over USD 500 million in 2022 and will grow at a CAGR of over 6% by 2032. The rising demand for single column stacker cranes can be attributed to their space-efficient design and cost-effectiveness. These cranes are particularly favored by businesses operating in mid-sized warehouses or industries with specialized storage needs. Their compact nature allows for easier integration into the existing layouts while their versatility and scalability make them adaptable for optimizing material handling processes.

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Based on end use, the stacker crane market is categorized into consumer goods, e-commerce & retail, pharmaceutical, automotive, and others. The Consumer goods segment held a indystry share of 30.10% in 2022. In the consumer goods business, the demand for stacker cranes is driven by the need for high throughput efficiency and organized storage of various goods. The continued progress of e-commerce and online retail has driven increased demand for stacker crane systems. Stacker cranes are essential for automating the storage and retrieval of consumer goods in e-commerce fulfillment centers, ensuring efficient order processing and fast delivery. Consumer goods warehouses typically handle a wide variety of products, each with different sizes and characteristics. Stacker cranes can be customized to handle multiple SKUs efficiently, reducing the need for manual sorting and handling.

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Asia Pacific dominated the stacker crane market with a major share of over 30% in 2022 due to the increasing port activities in the region. As ports handle greater volumes of goods, the demand for efficient storage & retrieval systems intensifies. For instance, according to Port Technology, during the first half of 2022, ports across China handled a combined 142.3 million TEU, reflecting a 3% growth compared to 2021. Notably, the port of Shanghai recorded the highest volume of activity, with 3.79 million TEU moved in June 2022. However, this number indicates a decline of 9.5% when compared to the figures from 2021. Stacker cranes, with their ability to maximize vertical storage space and streamline material handling processes, help meet the heightened requirements of bustling ports.

Stacker Crane Market Share

The major players operating in the stacker crane market are

• Scania, Daimler Cars
• TuSimple, Inc.
• Hino Carss
• Waymo (Alphabet Inc.)
• Tesla
• AB Volvo
• PACCAR Inc.
• Navistar, Inc.
• Embark Carss, Inc.
• PlusAI, Inc.
• Kodiak Robotics

Stacker Crane Industry News

• In August 2023, Victoria International Container Terminal (VICT), Australia's inaugural fully-automated container terminal situated at the Port of Melbourne, announced to bolster its equipment inventory by acquiring six fresh Automated Stacking Cranes (ASC). Procured as a part of VICT's expansion initiative, the new ASCs are set to function across three novel yard sections, resulting in a notable 30% increase in yard capacity and a substantial 43% enhancement in reefer capacity within the terminal.
• In December 2022, PSA Antwerp (PSAA), a Belgium-based terminal operator, partnered with Kuenz (Austrian crane manufacturer) and ABB, a worldwide leader in electrification & automation technology. The collaboration involved the procurement of 14 new ASCs intended for the enhancement of PSAA's Europa Terminal.

The Stacker Crane Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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By Type, 2018 – 2032

• Single Column
• Double Column

By Operation Type, 2018 – 2032

• Semi-Automatic
• Automatic

By End-Use, 2018 – 2032

• Consumer Goods
• E-commerce & Retail
• Pharmaceutical
• Automotive
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • Saudi Arabia
  • UAE
  • South Africa