The projected size of the stacker crane market is expected to reach USD 1,442 million by 2027, showing a compound annual growth rate (CAGR) of 6.7% from 2021 to 2027. The market size in 2021 is estimated to be USD 976 million.
The growth of the stacker crane market is driven by various factors, including the increasing complexity of products, the need for smart logistics, high return on investment, efficient space utilization, and the rise of online consumerism. These factors contribute to the significant growth expected in the stacker crane market in the coming years.
During the forecast period, the single-column segment is anticipated to hold the largest market share. This is primarily due to its application in the fast-moving goods industry, particularly in e-commerce. Single-column stacker cranes enable quick and precise order picking and storage, allowing for efficient customization of orders. They optimize goods flow and storage, improving warehouse capacity. Leading manufacturers in the industry are also focusing on enhancing the load capacity of single-column stacker cranes to cater to heavy industries.
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The automatic stacker crane segment is projected to be the fastest-growing segment from 2021 to 2027. Automatic stacker cranes are pre-programmed with algorithms and equipped with sensors for goods detection. They require fewer commands compared to semi-automatic stacker cranes and operate without the need for operator guidance. These cranes are energy-efficient and capable of storing and retrieving goods in a single cycle.
Europe is expected to become the second-largest market for stacker cranes by 2027. The region has been an early adopter of stacker crane integrated warehouse automation systems. Factors such as stringent worker safety regulations, high wages, and rising real estate prices contribute to the growth of the market in Europe. Brexit has also increased the demand for localized distribution centers, as warehouses become more crucial. The need for swift order fulfillment driven by increased e-commerce sales further fuels the stacker crane market in the region.
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Major players dominating the stacker crane market include Daifuku Co. Ltd (Japan), Murata Machinery Ltd. (Japan), Kion Group AG (Germany), Swisslog AG (Switzerland), MIAS Material Handling Co., Ltd (Germany), Godrej Koerber (India), ElectroMech (India), Jungerheinrich AG (Germany), and Doosan Corporation (Japan).
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