Steady Sales Foreseen for Straddle Carrier with Resurging Demand for Containerization in Sea-Borne Trade, Observes Fact.MR
Fact.MR has come up with a new research study on straddle carrier market with focus on the global scenario reflecting adoption and sales of straddle carriers. The research report on straddle carrier includes inherent insights on various market facets that govern the growth in adoption of various straddle carriers.
Fact.MR foresees that the demand for straddle carrier is projected to expand at a steady pace reflecting a CAGR of 4.5% in terms of value during the period of forecast, 2021-2028. More than 700 units of straddle carriers are likely to be sold by end of 2028.
The report covers in-depth analysis on various market participants. The study includes a separate section on competition analysis that reveals various facets of the competition intelligence including product portfolio assessment, developments and initiatives, go-to-market strategies, key growth strategies, mergers and acquisitions, and key financials of key companies.
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Key Takeaways from Straddle Carrier Market Survey Report:
- The COVID-19 pandemic has halted production of a variety of products in the straddle carrier business, owing to the worldwide shutdown. This has slowed the growth of the straddle carrier industry in recent months, and it is expected to continue in 2021.
- COVID-19 has already had an impact on straddle carrier sales in the first quarter of 2021, and it is expected to have a negative influence on market growth for the remainder of the year.
- The significant need for straddle carrier was previously observed in giant industrial countries such as the United States, Germany, Italy, the United Kingdom, and China, which are badly affected by the development of the coronavirus, resulting in a decline in straddle carrier demand.
- Furthermore, the lockdown’s potential impact is now unknown, and organisations’ financial recovery is entirely dependent on their cash reserves. Straddle carrier producers can only afford a full lockdown for a few months before having to change their investment plans. For example, a number of market players have ceased manufacturing for many weeks in order to cut costs. During the COVID-19 health crisis, a few participants used employee layoffs to stay afloat.
- Straddle Carrier manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as straddle
In-depth Coverage on Straddle Carrier Market – Highlighting Factors Impacting Revenue Growth
The report on straddle carrier market includes detailed coverage on several underlying facets that can potentially impact the growth in adoption of straddle carriers across key regions.
The report includes historical data analysis and current scenario along with future market projections for a period of 10 years, from 2018 till 2028. Several dynamics such as key drivers, trends, opportunities and restraints impacting the growth of the straddle carrier market have been covered in the report.
A thorough analysis on straddle carrier market along with PEST analysis and Porter’s five forces model offers a thorough scrutiny to the reader.
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Straddle Carrier Market Survey Report: Competitive Landscape
The straddle carrier market illuminates an in-depth competitive landscape section covering several facets of major players involved in the manufacturing and distribution of straddle carriers.
Various competitive intelligence aspects such as SWOT analysis, market shares, product portfolio analysis, innovations and strategies, to name a few, have been covered in the competitive landscape section of the report.
In addition, key developments of major companies in the straddle carrier market have also been included.
For instance, TPT (Transnet Port Terminals) has unveiled a new diesel-electric straddle carrier that features high productivity and performance along with reduced operating and maintenance costs.
The report on straddle carrier market also profiled other players such as
- Kalmar Inc.
- Konecrane Oyj.
- Liebherr International AG
- Mobicon Systems Pty Ltd.
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Straddle Carrier Market Survey Report: Market Segmentation
The straddle carrier market includes historical data, current market scenario as well as forecasts on every market segment.
Analysis on straddle carrier market covers a detailed scrutiny on straddle carrier loading capacity as well as stacking of containers on straddle carrier.
It also includes an in-depth analysis on lift type, drive type, operation type, application type and region.
The loading capacities include insights on the use of straddle carrier with less than 40T, 40T, 50T and more than 50T. Stacking of containers includes analysis on mini straddle carrier, 1-over-1, 1-over-2 and 1-over-3 straddle carriers.
*Full Segmentation Available in Report*
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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 Million by end of 2028, according to FACT.MR study.
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