Reachstacker market expected to grow 7% in 2019

The reachstacker market, which witnessed sales of 1,364 units in 2018, is estimated to grow by 7% this year, according to research from Fact.MR.

Increased traction for port material handling equipment, coupled with rapid expansion of a growing number of sea ports, in line with the proliferating sea borne trading is continues to augment market growth, noted the report.

Rapid expansion of intermodal barge shipping to the smaller as well as canalised waterways has been creating a considerable demand for a water reach stacker with tri-modal handling functionality – road, rail and water, found the study.