PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1493138
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1493138
US Stacker Market is valued approximately USD 407.33 million in 2023 and is anticipated to grow with a healthy growth rate of more than 5.33% over the forecast period 2024-2032. The US stacker market is a vital segment within the broader material handling equipment industry. The US has a diverse and robust manufacturing sector, spanning industries such as automotive, aerospace, electronics, and consumer goods. Stackers are essential for material handling and logistics within manufacturing facilities, driving demand for stackers across various industries. With the growth of e-commerce and the rising complexity of supply chain logistics, there's a rising demand for stackers in warehouses, distribution centers, and fulfillment facilities across the US. it allows efficient movement, storage, and retrieval of goods, supporting the rapid pace of modern commerce. Furthermore, the integration of IoT technology allows for real-time monitoring, remote diagnostics, and predictive maintenance of stackers, ensuring optimal performance and minimizing downtime. The demand for US stacker market with these technological capabilities is driven by the need for greater operational agility, scalability, and responsiveness in the face of evolving customer demands and market dynamics.
Technological advancements play an important role in driving demand for the US stacker market. Innovations such as automation, robotics, and IoT connectivity are transforming traditional stackers into sophisticated, intelligent machines that offer unparalleled efficiency, safety, and productivity. Automated guided vehicles (AGVs) and autonomous stackers equipped with advanced sensors and navigation systems enable precise and autonomous movement of goods within warehouses and distribution centers, reducing reliance on manual labor and streamlining operations. For instance, in March 2023, Mitsubishi Logisnext Americas group, provider of automated guided vehicles and narrow-aisle in North American region, launched its new 516a Automated High-Rack/ Jungheinrich EKX 516ka Stacker. It is a fully automated, and provides full-pallet storage and very narrow aisle operations, allowing for maximum efficiency and productivity. As businesses across industries seek to leverage the benefits of Industry 4.0 and smart manufacturing principles, the adoption of technologically advanced stackers is expected to continue growing and propel demand for the US Stacker Market. However, skilled labor shortage and an environmental regulations & sustainability, on the other hand, will stifle market growth between 2022 and 2032.