Straddle Carrier Market: Electric Straddle Carriers are Likely to Witness Increased Adoption

Rockville, USA, 2019-Jun-18 — /EPR Network/ — 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. 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. The competitive dashboard provided by the report offers the readers with key insights that can be
actioned to gain significant hold over the market for planning future expansions or establishing a global footprint in the coming years.

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.

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Advances technologies such as Control Area Network bus system and Automatic spreader position system (ASPS) allow straddle carrier drivers to gauge from 360 degree viewpoint. Additionally, besides conventional hydraulic straddle carriers, emergence of electric straddle to augment de-carbonization on the back of stringent government mandates are poised to further diversify growth possibilities in straddle carrier market. Key participants are integrating resources to offer superlative offerings in terms of energy storage solutions for hybrid straddle carriers. New variants in hybrid straddle carriers are designed with Li-ion batteries in addition to compact diesel power unit to ensure fuel efficiency, besides substantially offsetting noise, as well as maintenance charges.

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.

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Straddle Carrier Market: Overview

The straddle carrier market has been analyzed in detail to offer definitive forecast insights on the market for the period 2018-28. This report is an exhaustive compilation of a detailed overview of straddle carrier market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

Straddle Carrier Market: Competition 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, and Mobicon Systems Pty Ltd.

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