Automobile & Transportation / Straddle Carrier Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Kalmar USD (KALM-USD), Konecranes Plc (KCR.HE)
Straddle Carrier Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Kalmar USD (KALM-USD), Konecranes Plc (KCR.HE)
Acknowledging the kind of traction gained by this market, industrydataanalytics recently published a study report that asserts the global Straddle Carrier Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.00% during the review period (2022 to 2027).
Straddle Carrier Market Overview:
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.
The advances in container handling equipment are one of the primary growth factors for this market. Efficient container handling equipment is needed by the terminal operators to stay in business. Investments are expected to continue to increase in new fleets that can handle the growing demands of the container industry along with advances in equipment technologies that focus on the importance of straddle carriers that help in moving containers and to handle the issue of port congestion.
Recent Development:
Kalmar invests in expansion to its Ottawa plant to address the growing demand for electrically powered terminal tractors
Kalmar, part of Cargotec, has announced that it is to upgrade and expand its manufacturing plant in Ottawa, Kansas, home to the company’s terminal tractor manufacturing operations in North America. The investment, worth close to EUR 20 million, will eventually enable the plant’s annual production capacity to be doubled, making it the largest terminal tractor manufacturing facility in North America. The investment is driven by the growing demand from the logistics industry for eco-efficient equipment solutions that do not rely on fossil fuels to operate.
What are the major Applications, Types, and Regions of the Straddle Carrier Market?
By Type, it is segmented into
30-35T
35-40T
40-50T
Others
By Applications, it is segmented into
Port Terminals
Intermodal Yards
Others
Straddle Carrier Market Regional Analysis
By geography the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is a major global straddle carrier market. The U.S is the dominant market in this region as it is the second largest automotive market in the world. Canada and Mexico are other major markets in this region. Europe is another major straddle carrier market. Germany is a major market in this region as it is the largest automotive market in Europe. The U.K, France, Spain, Italy, Belgium, Sweden and the Netherlands are other major markets in Europe. Asia Pacific is one of the largest straddle carrier market globally. China is the largest market in this region as it is the largest automotive market in the world. Japan, South Korea, Australia and India are other major markets in this region. Middle East & Africa are also significant straddle carrier markets. Turkey, Iran and South Africa are major markets in this region. Latin America is also a major straddle carrier market in the world. Brazil and Argentina are major markets in this region.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Straddle Carrier market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Straddle Carrier market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Straddle Carrier positively.
Straddle Carrier Market Report Scope:
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 4.00% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Straddle Carrier Report
Evaluate Straddle Carrier market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Questions
What is the study period of this market?
The Straddle Carrier Market is studied from 2017 - 2027.
Who are the key players in Straddle Carrier Market?
What are the significant types of Straddle Carrier Market?
30-35T, 35-40T, 40-50T, Others, Others.
What are the major end-use applications of the Straddle Carrier Market?
Port Terminals, Intermodal Yards, Others, Others.
What segments are covered in the Straddle Carrier Market report?
The Global Straddle Carrier Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Straddle Carrier Market?
The sample report for the Straddle Carrier Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
