Straddle Carrier Market Report Based on Company Shares and global Competition Landscape: 2018-2028

FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global straddle carrier market. The straddle carrier report presents detailed information regarding the drivers, restraints, opportunities and trends affecting straddle carrier market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the straddle carrier report elaborates the market behavior of each vendor operating in the straddle carrier market.

Key findings of the straddle carrier market study:

• Regional breakdown of the straddle carrier market based on predefined taxonomy.
• Innovative manufacturing processes implemented by straddle carrier vendors in detail.
• Region-wise and country-wise fragmentation of the straddle carrier market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global straddle carrier market.

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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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.

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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.

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