Global Straddle Carrier Market 2017-2021
About Straddle Carrier
A straddle carrier is a non-road vehicle used in port terminals to transport and stack ISO standard containers. Shuttle carriers help improve the terminal operational efficiency by decoupling ship-to-shore and yard operations. Sprinter carriers enable the long-distance transportation of horizontal containers. They carry loads at high speeds between container bridges and stacking cranes. Straddle carriers are large with a load baring capability of over 50 tons. Smaller versions of straddle carriers are also available for users who need to move containers around their yard or depot as a by-product of their main business.
Technavio’s analysts forecast the global straddle carrier market to grow at a CAGR of 4.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global straddle carrier market for 2017-2021. To calculate the market size, the report considers the unit shipment of straddle carriers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Straddle Carrier Market 2017-2021
Technavio recognizes the following companies as the key players in the global straddle carrier market: Cobilift, Kalmar, Liebherr, and Konecranes.
Other Prominent Vendors in the market are: Terex Port Solutions.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing adoption of automated terminals. Innovations and modern developments in technology have steered numerous changes in the maritime industry. The introduction of navigation software, radio frequency identification (RFID) sensors, and other technicalities in the remotely operated cranes marks significant developments in the automated handling equipment at ports. These have made navigation and cargo handling operations much easier and more efficient.”
According to the report, one of the major drivers for this market is sea transport, a cost-effective way of logistic transport. The global seaborne trade has increased with significant growth in the container trade. Since both railways and waterways are efficient modes of transportation, they will get less affected by the increase in oil prices than trucking, especially for long-distance transportation. Moreover, the increase in the demand for railways or trucks as intermodal services will result in the depletion of the capacity and increase in prices. As the use of waterways is increasing, it will also result in the growth of the global straddle carrier market.
Further, the report states that one of the major factors hindering the growth of this market is high maintenance and operational cost. The global sea cargo operation is increasing and is directly associated with the demand of efficient cargo movement in the terminals. There are many equipment available for the movement of cargo such as straddle carriers. However, the cost associated with the maintenance and operation of straddle carriers are quite high. A straddle carrier does a variety of handling operations such as the loading, unloading, stacking, and transportation of containers. A straddle carrier is the main infrastructure between the quayside and the stack area.
Cobilift, Kalmar, Liebherr, Konecranes, Terex Port Solutions.
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