New York, Aug. 26, 2022 (GLOBE NEWSWIRE) -- Research Nester has published a detailed market report on ‘Global Stacker Truck Market' for the forecast period, i.e. 2022 – 2031 which includes the following factors:

Global Stacker Truck Market Size:

The global stacker truck market is estimated to grow at a notable CAGR over the forecast period, 2022-2031. Rise in number of warehouses and manufacturing units is likely to propel the market growth. During the course of pandemic, the operation of warehouse facilities has increased as demand of goods and services from E-commerce platforms has risen sharply. Between 2020 and 2022, E- commerce sales were boosted by approximately 59%.

Furthermore, the idea of 3PL (third-party logistics) is opening windows for more warehouses. 3PL sector obtained the highest space in warehousing. On the account of increased Foreign Direct Investments and mellow reforms in policy, manufacture and agriculture sectors' demand for 3PL is expected to incessantly increase. In 2021, demand of warehouses by 3PL logistics sector was increased by around 35% and by e-commerce it was nearly 30% in India.

Get a Sample PDF Brochure: https://www.researchnester.com/sample-request-4071

Global Stacker Truck Market: Key Takeaways

Investment Influx in EV Truck Sector to Augment the Stacker Truck Market Growth

Road shipment is a primary source of road emissions, in Europe, trucks hold over 3% share of total road vehicles. Trucks are responsible for the major portion of carbon emission, despite of stringent rules for lower emission, trucks cannot be held behind as they are crucial part of logistics. According to American Trucking Association, nearly 12 billion tons of domestic goods is moved by truck. Therefore, to balance the need of trucks for freight and need for curbing the carbon emissions, companies are investing in E-trucks and migrating towards the greener transportation. According to World Economic Forum, in Europe approximately 210,000 battery powered heavy duty vehicles is expected to set off by 2030.

Global Stacker Truck Market: Regional Overview

The global stacker truck market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa region.

For more information in the analysis of this report, visit: https://www.researchnester.com/reports/stacker-truck-market/4071

Increased E-commerce is Expected to Elevate the Market Growth in North America

Number of warehouses has been increasing by a significant rate every year and the total count reached to around 19000 in 2020. The primary factor for the driven number of warehouses is the overall improvement in manufacturing unit and surge in online retail. Out of total retail in United States, online e-commerce held a share of approximately 14% in the first quarter of 2022. Apart from increased E-commerce, lack of labor in the warehouses is anticipated to fuel the market trends. Most of the work of labors is substituted by machines and vehicles. Around 75% of operator of warehouse is unable to find enough labors to suffice the needs of warehouse. Owing to all these driving elements, North America is projected to show the highest growth in the global stacker truck market.

Asia-Pacific Region to See Notable Growth Owing to Rising Number of Warehouses

Presence of unorganized sector is the prime element for the growth in number of warehouses. According to recent statistics, India's warehouse segment is highly divided and around 95% of warehoused segment is governed by unorganized players. China has over 1800 warehouses overseas for providing adequate services to their customers

In India, the count of manufacturing units and warehouses has also boosted on account of "Make in India" Vocal for Local", "Atmanirbhar Bharat" programs. In addition, as per the Ministry of Transport and Highways, project named Bharatmala is proposed to set up 35 multimodal logistics park all over the country, under the public-private-partnership.

The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in:

Global Stacker Truck Market, Segmentation by Technology

Market is mostly driven by low cost of hydraulic lifts, increased proclivity for low and mid-rise buildings. It has much lower maintenance cost than traction elevators. In addition, the evolution of hydraulic linear actuator (HILA) system is one of the crucial reasons for the growing adoption of hydraulic lifts. They work much more efficiently while carrying heavy loads. Their best speed is between 140-150 feet per minute (fpm) which makes it best for low or medium rise buildings. Owing to all the factors hydraulic lift is projected to garner the highest share in the market revenue.

Get a Sample PDF of Stacker Truck Market Report@ https://www.researchnester.com/sample-request-4071

Global Stacker Truck Market, Segmentation by Distribution Channel

The online distribution channel is to garner modest growth. After the onset of Covid-19, online shopping rapidly grew, it became more of a habit among people, since then it is growing at a significant rate. The engagement of user in E-commerce is expected to reach from around 55% in 2022 to approximately 63% by 2025.  The share of consumers who purchased at least one product or service online grew to nearly 75% in the United States, around 80% of population in the United Kingdom and about 70% in China. Furthermore, digital transformation increased the online retail during pandemic, for instance, by August 2020, in one year online retail sale of China rose to nearly 25% from 20%.

Global Stacker Truck Market is also classified based on end-user and power source

Global Stacker Truck Market, Segmentation by End User

Global Stacker Truck Market, Segmentation by Power Source

For more insights on the market share of various regions: https://www.researchnester.com/sample-request-4071

Few of the well-known market leaders in the global ear and nasal packing market that are profiled by Research Nester are,  Lifting Equipment Store Inc., Toyota Industries Corporation, Crown Equipment Corporation, Mitsubishi Nichiyu Co., Ltd., UniCarriers Americas Corporation, Anhui Heli Co., Ltd., Clark Material Handling Company, Hangcha Group Co., Ltd., JBT Corporation, Komatsu Ltd. and other key market players.

Recent Developments in the Global Stacker Truck Market

　Do You Have Any Query Or Specific Requirement? Ask to Our Expert: https://www.researchnester.com/ask-the-analyst/rep-id-4071

Explore Our Recent Related Reports:

Content Management Software Market Segmented By Deployment (On-premise and Cloud); By Solution (Document Management, Imaging & Capturing, Case Management, Records Management, Web Content Management, Digital Asset Management, Mobile Content Management and Others); By Organization (Small Enterprises, Medium Enterprises, Large Enterprises); By End-User – Global Demand Analysis & Opportunity Outlook 2019-2027 Hospital Visitor Management Market Segmentation By Deployment Type (On-Premise VMS and Cloud based VMS); By Hospital Size (Small, Medium and Large Hospitals) – Global Demand Analysis & Opportunity Outlook 2027 Digital Vault Market Segmentation By Solution (Account Management, Identity & Access Management, Data Loss Prevention, Digital Asset Management and Others); By Service (Professional Services and Managed Services); By Organization (Small, Medium Sized and Large Enterprises); By End User (BFSI, Telecom & IT, Government and Others) – Global Demand Analysis & Opportunity Outlook 2027 Digital Badges Market Segmentation By Badge (Participation, Recognition, Achievement, Contribution and Certification Badges); By Offerings (Platforms and Services); By End-User (Education, Corporate, and Others) – Global Demand Analysis & Opportunity Outlook 2027 Cyber Security Insurance Market Segmentation By Company Revenue (Very Small Companies ($2.5 Million to $99 Million), Small Companies ($100 Million to $299 Million), Medium Sized Companies ($300 Million to $1 Billion) and Large Companies ($1.1 Billion and Above); By Industry Vertical (Healthcare, Retail, BFSI and Others) – Global Demand Analysis & Opportunity Outlook 2027

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919

For More Update Follow: - LinkedIn | Twitter | Facebook | Xing

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.