Straddle carriers are also known as straddle trucks that are used as freight handling machines. The function of the equipment is to carry the freight load and also underneath it with the help of a straddling process. This cargo handling structure has the capacity to unload and load without the use of forklifts or cranes, making straddle carriers a useful freight carrying machine. There are various types of straddle carriers, these are as follows, manual, automatic, and semi-automatic that have different loading volumes. Hydraulic straddle carriers work on conventional fuel. Electric straddle carriers are environmentally friendly run-on electricity. Hybrid straddle carriers save up to one-fifth of fuel consumed by hydraulic straddle carriers. The drive constituents of a hybrid straddle carrier are protected as peak power load is not under the control of the diesel generator set. The energy is stored in short-term electric storage systems and is given into the system as and when required.
MARKET DYNAMICS
Increasing automation on the port, growing focus toward high productivity, and efficient operations are driving the growth of the straddle carrier market. However, high maintenance and operational cost associated with the straddle carriers may restrain the growth of the straddle carrier market. Furthermore, the growth in international trade, particularly using sea routes, along with the increasing investments in port handling equipment to enhance production are anticipated to create a market opportunity for the straddle carrier market during the forecast period.
MARKET SCOPE
The "Global Straddle Carrier Market Analysis To 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The straddle carrier market report aims to provide an overview of the straddle carrier market with detailed market segmentation by operation type, loading capacity, drive type, application, and geography. The global straddle carrier market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading straddle carrier market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global straddle carrier market is segmented on the basis of operation type, loading capacity, drive type, and application. Based on operation type, the straddle carrier market is segmented into: manual, semi-automatic, and automatic. On the basis of loading capacity, the straddle carrier market is segmented into: below 40 ton, 40
- 50 ton, and above 50 ton. Based on drive type, the straddle carrier market is segmented into: hydraulic drive, electric drive, and hybrid drive. On the basis of application, the straddle carrier market is segmented into: port terminals, intermodal yards, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global straddle carrier market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The straddle carrier market by each region is later sub-segmented by respective countries and segments. The straddle carrier market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the straddle carrier market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the straddle carrier market in these regions.
IMPACT OF COVID-19 ON STRADDLE CARRIER MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic has a negative impact on the straddle carrier market in 2020. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human's movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. However, in 2021, with the uplifting of lockdown and vaccination processes, the manufacturing & construction companies have started working again. So, the demand for straddle carrier has started rising.
MARKET PLAYERS
The reports cover key developments in the straddle carrier market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from straddle carrier market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the straddle carrier market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the straddle carrier market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CVS Ferrari SrL
- BIA Group
- Comtec TCS Srl
- Cranes and Machinery
- Easy Street JDandS
- Gerlinger Carrier
- GL POWER
- LASE Industrielle Lasertechnik GmbH
- S.B. Ballard Construction Company
- SICK AG