openPR Logo
Press release

Straddle Carrier Market Poised to Garner Maximum Revenues By 2026

09-12-2018 09:52 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Straddle Carrier Market Poised to Garner Maximum Revenues

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. 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, 2018-2028. More than 700 units of straddle carriers are likely to be sold by end of 2028, says Fact.MR study.

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.

Report Analysis @ https://www.factmr.com/report/1585/straddle-carrier-market

Demand for straddle carriers in port terminal applications is estimated to grow at a significant pace during the period of assessment. Fact.MR envisages that the straddle carrier sales in port terminal applications are likely to cross US$ 65 Mn by end of the year of assessment against the backdrop of rising port terminals worldwide. Furthermore, growth of the straddle carrier market is also expected to remain influenced by their increasing use in intermodal yards in the coming years, says the report.

Straddle carrier with a loading capacity of 50T are likely to witness an increased adoption on the back of their increasing demand to stack and move ISO size containers that typically weigh about 35T. Moreover, increasing ship size coupled with rising container traffic has driven the demand for effective cargo handling equipment such a straddle carriers. PEMA (Port Equipment Manufacturer’s Association) reveals that the sales of straddle carrier are largely fuelled by their increasing demand from larger and medium ports across various countries worldwide. In addition, the increasing number of containers has necessitated demand for stacking. This has pushed the adoption of straddle carrier that can handle 1-over-2 and 1-over-3 stacking systems.

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.

Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1585

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.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Web: https://www.factmr.com/
Follow us in Linkedin: https://www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Straddle Carrier Market Poised to Garner Maximum Revenues By 2026 here

News-ID: 1235212 • Views: 162

More Releases from Fact.MR

01-15-2021 | Sports
Fact.MR
Fishing Rods Market to Expand 1.6X by 2030; Decline in Sales Predicted Throughou …
The fishing rods market is poised to expand at a value CAGR of 4.5%, and is expected to create an absolute dollar opportunity of US$ 1.5 Bn during the forecast duration of 2020-2030. The outbreak of COVID-19 will have a short-term impact on the fishing rods market. However, rising participation in fishing activities and increasing fishing boat sales will drive the growth the fishing rods market over the coming years.
01-15-2021 | Sports
Fact.MR
Fishing Reels Market Pegged for Robust Expansion by 2030
Rising number of recreational and sports fishing anglers, especially in North America and East Asia, is set to drive demand for fishing reels and other fishing associated accessories. Growth rate with respect to number of recreational anglers at a global level is expected to be 2.3% over the next ten years. Further, social media has silently elevated demand across several industries, including sports fishing equipment. Anglers post about their catch
01-15-2021 | Sports
Fact.MR
Fishing Lure Market to Witness a Pronounce Growth by 2030
The spread of COVID-19 is resulting in declining sales as most anglers are staying indoors. To overcome this situation, manufacturers are utilizing digital technologies and engaging customers via online portals. As such, the outbreak of this pandemic has shifted consumer focus to e-Commerce platforms. This, in turn, will strengthen demand for fishing lures over the forecast period. Request a report sample to gain comprehensive market insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=5293 There has been significant
Denture Disinfectants Market Surges on the Back of Growing Edentulous Population …
A significant rise in edentulous population has been observed over the last few years. As per data from the American college of Prosthodontists, around 14% of edentulous population in North America orders customized dentures every year. More than 35% of U.S. adults are edentulous, and if only one percent of edentulous population seek treatment every year, the U.S. market volume for denture implants will be doubled in the next two

All 5 Releases


More Releases for Straddle

Global Universal Straddle Carrier Market Analysis (2020-2025)
Global Info Research offers a latest published report on Universal Straddle Carrier Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Universal Straddle Carrier Concentrate players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. Click to view the full report TOC, figure
Straddle Carrier Market Key Players, Growth, Analysis, 2018 to 2028
About the Report “Straddle Carrier Market Forecast, Trend Analysis and Competition Tracking – Global Review 2018-2028” is a comprehensive compilation of various data and key insights that key stakeholders can use and apply in their routine business setting. The extensive research study on straddle carrier market is a detailed report covering 17 chapters along with tables and figures representing key metrics of the market. The report on straddle carrier market includes
Straddle Carrier Market to Witness Widespread Expansion During 2028
XploreMR 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. The report covers in-depth analysis on various market participants. The study includes a separate section on competition analysis that reveals various
Straddle Carrier Market Analysis, Trends, Forecast, 2017 - 2025
A straddle carrier or straddle truck is a vehicle that carries its load underneath unlike conventional carriers which carry their load on top.The driver’s cabin is situated on top and all-round glass is glazed so that the driver can get a 360-degree view. It has stairways for the driver to move inside and descend from the cabin. Straddle carriers have eight wheels that can be individually steered. The wheel-hub motor
Latest Report on Straddle Carrier Sales Market Report 2017
Straddle Carrier Sales Market Straddle Carrier market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. For Full Report click on @ https://www.reportsandmarkets.com/reports/global-straddle-carrier-sales-market-report-2017-1697761 Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Straddle Carrier for these regions,
Straddle Carrier Market Revenue, Opportunity, Segment and Key Trends -2025
A straddle carrier or straddle truck is a vehicle that carries its load underneath unlike conventional carriers which carry their load on top.The driver’s cabin is situated on top and all-round glass is glazed so that the driver can get a 360-degree view. It has stairways for the driver to move inside and descend from the cabin. Straddle carriers have eight wheels that can be individually steered. The wheel-hub motor