Increasing Adoption of Automated Terminals to Fuel Straddle Carrier Demand : Fact.MR

Rising sea-borne activities coupled with significant increase in containerized trade worldwide continue to remain instrumental in driving the growth of the straddle carrier market. The sales of straddle carriers are also being impacted by a number of macroeconomic and industry-specific factors such as rising investments in Greenfield and Brownfield projects along with increasing adoption of automated products albeit its complexities for manufacturers of straddle carriers.
Adoption of straddle carrier is expected to witness a significant upswing on the back of various benefits offered by the equipment, such as larger effectiveness in bulk handling, high flexibility as compared to RMG or RTG handling systems and high productivity. Economic stability has resulted in a significant increase in international trade. Industrialization and globalization are the expected to provide an impetus to sea-borne trade, in turn presenting potential growth avenues for straddle carrier manufacturers. According to International Chamber of Shipping (ICS), sea-borne trade accounts for around 90 percent of the overseas trade worldwide. This is likely to translate into a substantial demand for terminals, in turn pushing the demand of straddle carrier, sea transport being an economical mode for cargo shipments.
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Global Straddle Carrier Market: Segmentation

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Following Questions Answers Covered in the Report are:

  • How will the global Straddle Carrier Market perform during the forecast period? What will be the market size in terms of value and volume?
  • Which segment will drive the global Straddle Carrier Market? Which regional market will show extensive growth in the future? What are the reasons?
  • How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
  • What are the key strategies adopted by players to sustain themselves in the global Straddle Carrier Market?
  • How will these strategies influence the market growth and competition?

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
  • Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)

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Weakening oil prices are expected to pave potential pathways of growth for the straddle carrier market. This factor is anticipated to trigger growth in fuel production in the forthcoming years, consequently driving the need for efficient containerization and straddle carriers are no exception. EIA (U.S. Energy Information Administration) projects that the fuel production in the United States is likely to cross 10 million barrels per day, which is poised to have an influence on growth in adoption of straddle carrier. Moreover, emerging countries in the Asia Pacific excluding Japan (APEJ) such as China and India are expected to provide lucrative opportunities for straddle carrier manufacturers. Expanding port infrastructure and the container industry in these countries are fuelling growth of the straddle carrier market in APEJ, says the report. Sales of straddle carrier in APEJ are estimated to cross US$ 25 Mn by end of 2028, according to FACT.MR study.

Electric straddle carriers are likely to witness increased adoption on the back of growing stringent regulations on environment health. Manufacturers of straddle carriers, complying by norms laid against NOx and CO2 levels, developing electric variants of straddle carriers that offer increased operational efficiency and facilitate cost savings. However, hybrid straddle carrier are projected to gain high traction during the forecast period, as they feature a regenerative energy system that is maintenance free with a significant reduction in fuel consumption.

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Company Profiles
Kalmar Inc.
     Konecrane Oyj
     Leibherr International AG
     Mobicon System Pty Ltd
     Isoloader Australia Pty Ltd
     Cimolai Technology S.p.A.
     Combilift Ltd

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