Stacker Truck Market - Regional Analysis
North American Market Insights
North America industry is estimated to hold largest revenue share of 35% by 2035. The growth of the market can be attributed majorly to the increasing number of warehouses. The need for stacker trucks is projected to rise along with the warehouse automation in the region. For instance, larger warehouses would require more materials to be moved, stacked, and transported inside the warehouses. To support the increasing material handling requirements, an increase in the number of warehouses is anticipated to lead to a higher demand for stacker trucks since they are a necessary piece of equipment for these operations. Further, the adoption of cutting-edge technology owing to a workforce shortage in the area, along with, increasing advancements in stacker truck technology is also anticipated to contribute to the market growth in the region. As of 2023, there are more than 4,200,400 transportation and warehousing enterprises in the US.
APAC Market Insights
The Asian Pacific stacker truck market is estimated to be the second largest, registering a share by the end of 2035. The growth of the market can be attributed majorly to the increasing popularity of e-commerce in developing countries, such as India, China, Japan, and others. Storage and warehouse facilities are becoming more and more necessary as e-commerce is expanding in the region. For instance, for moving and arranging goods in a warehouse, stacker trucks are a must. The need for stacker trucks is projected to rise along with the demand for warehouse space to accommodate e-commerce inventory. Also, stacker trucks offer effective and versatile material handling solutions, enabling facilities to quickly satisfy the rising demand for order fulfillment. Further, the rapid urbanization in the region, along with the development of the retail industry, are also anticipated to contribute to the market growth in the region.
Europe Market Insights
Further, the market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing concerns regarding safety. The demand for stacker trucks, may rise in response to growing worker safety concerns in the region. For instance, in order to protect the safety of the operators while working the equipment, stacker trucks are becoming more popular as they are equipped with safety features including operator safety cages, safety sensors, and better visibility features. Further, the surge in the number of warehouses in the region, along with the growing construction industry, is also anticipated to contribute to the market growth in the region.
