Market Leaders - Stacker Crane Market
The stacker crane market size is projected to reach USD 1,442 million by 2027 from an estimated USD 976 million in 2021, at a CAGR of 6.7% from 2021 to 2027. The base year for the report is 2018, and the forecast period is from 2021 to 2027.
The market is expected to witness growth due to increased demand for automated storage and retrieval systems (ASRS), rising popularity of automated material handling equipment and warehouses, industrial growth in emerging economies, and increasing demand for third-party logistic services.
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The stacker crane market is dominated by major players such as Daifuku Co. Ltd (Japan), Kion Group AG (Germany), SSI Schäfer AG (Germany), Murata machinery ltd. (Japan), Swisslog AG (Switzerland), These companies have adopted expansion strategies; and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in the growing stacker crane market.
Daifuku Co. Ltd is mapped to be the top player in the market due to its strong focus on expansion and growth strategies. In February 2021, Daifuku Co. Ltd signed a partnership agreement with AFT industries to work on a project-by-project basis. AFT industries have agreed to leverage its European automotive customer base and utilize Daifuku’s automated material handling solutions to grow their market penetration. Further, in April 2019, Daifuku India acquired Vega Conveyors and automation private limited to consolidate their position in the Indian material handling market.
Kion Group AG’s Dematic is another leading player in the stacker crane market. The company recently held a groundbreaking ceremony of a manufacturing hub in Shandong Province of China. The manufacturing hub will be built with an area of 1,50,000 sq . meters and is expecting about RMB 300 million in investments. This will improve the sales and distribution network of Kion AG in Asia-pacific. Moreover, the company operates through manufacturing facilities in North America, Europe, China, and Australia employing more than 7,000 employees.
SSI Schäfer AG is one of the leading providers of modular warehousing and logistics solutions for industry-specific applications. The company relies on symbiotic growth with its customers. For instance, the company recently partnered with Coca-Cola Euro pacific Partners, one of the largest bottlers and distributors of beverages in the Asia Pacific region, to supply an intralogistics system. The deal is expected to increase its footprint in the Asia-pacific region.
Murata Machinery Ltd continues to maintain its focus on product improvements. For instance, it has more than 27000 global patent applications. The company leads technological developments through its dedicated research team that is led by prominent academicians and inventors like Tanimoto Yoshizumi, Kuwabara Tetsuya, and others.
Swisslog AG is another major player in the stacker crane market. The company follows an inorganic growth strategy. In 2014 Swisslog AG was acquired by Kuka group. In 2016, Swisslog acquired PAS a leading manufacturer of pallet shuttle automated storage and retrieval system. In May 2017, Swisslog acquired Dutch conveyor, Easy Conveyors. The series of mergers and acquisitions has allowed Swisslog AG to diversify its product offerings and improve its sales and distribution network.
Related Reports:
Stacker Crane Market by Type (Single-Column, Double-Column), Operation Type, End-Use Industry (Automotive, Consumer Goods, E-Commerce/Retail & Wholesale, Pharmaceuticals), Robotic Stacker Crane Market & Region - Forecast to 2027
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