Straddle Carrier Market

Straddle carriers are also known as straddle trucks that are used as freight handling machine. 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 carrier, these are as follows, manual, automatic and semi-automatic that have different loading volumes. Hydraulic straddle carriers work on conventional fuel. Electric straddle carriers which are environment friendly run on electricity. Hybrid straddle carriers saves 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 diesel generator set. The energy which is stored in short-term electric storage systems (ECOCaps) and is given into the system as and when required.

Market Scope and Structure Analysis

Description

Automation has not left any market unaffected and is increasing at a noteworthy speed as one of the most noticeable developments across industrial uses, including shipping. Automated terminals have been taking generous grip with increasing attention toward high efficiency and productive operation. With terminals made automatic, waiting and reversal times for ships has decreased, which is pouring their acceptance across major ports globally. Increasing demand for terminals is expected to increase the demand for straddle carriers as well. The cost-effective way of transporting cargo is sea transport, which is predicted to rise demand for straddle carriers in terminals. A major limitation of the straddle carrier market is the high operation and maintenance cost of the same. The major opportunity is the growing automation and Internet of Things (IoT) introduction in fleet management systems which is estimated to increase the demand for the concerned products. Automatic spreader position system (ASPS) and controller area network (CAN) bus control system help the drivers in the Straddle carrier system. Fleet management system software can also help the driver extensively with operating data.

COVID-19 Impact Analysis

• COVID-19 pandemic has shut-down the production of various products in the straddle carrier industry attributed to the lockdown in countries worldwide. This has hampered the growth of straddle carrier market from the last few months and is likely to continue during 2021.
•  COVID-19 has already affected the sales of straddle carrier in the first quarter of 2021 and is anticipated to cause a negative impact on the market growth throughout the year.
• The major demand for straddle carrier was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for straddle carrier.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Straddle carrier manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis
• Straddle Carrier manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as straddle
• well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.

Top Impacting Factors

One of the primary growth reasons for the straddle carrier market is upsurge in the international trade, particularly using sea routes that gives profitable openings for port handling equipment, which also includes straddle carriers. However, high initial investments related to port handling equipment which also requires with heavy manpower is predicted to effect the dealing conditions. hence, to ensure smooth trade and commerce progress, numerous countries are implementing private-public partnerships, wherein private companies are responsible for management and operational tasks with possessions and land deputized to the government. probably that this drift will lower down the heavy initial investment pressure for terminal development at ports. this factor merging with high focus on the development of production has considerably accelerated the growth and development of intermodal container leasing field, thus encouraging the growth and demand for straddle carrier market.  transportation and logistics are the two driving forces of the present world economies. almost 90 percent of the total freight industry is contributed by the shipping industry and is still rising. when the vessel reaches any port, there must be some equipment or machine present at the port which will be capable enough to unload and reload the container ships within a short span of time. thus the need for time management and ensure a proper functioning of ports have led the demand for straddle carriers to rise. therefore, the economies of scale that has been achieved by the container industry is one of the major driving factors behind the growing demand of the global straddle carrier market.

Market Trends

• Mostly influenced by the automation theory, manufacturers and developers of straddle carriers are concentrating on making investments in research and development in order to introduce modern alternatives that are armed with Artificial Intelligence. For instance, ZPMC a Chinese Company, which manufactures straddle carrier has come up with an idea of AI straddle carrier. This has thereby reduced the number of terminal staff who can be involved in some other tasks, along with horizontal transportation efficiency enhancement of port terminals by almost more than 50 percent. Moreover, the company stated that the accuracy quotient of autonomous AI straddle carrier is almost 100 percent, which facilitates higher productivity and also efficiency.
• With Internet of Things (IoT) booming in every market, manufacturers have influenced its possibility to advance in Artificial Intelligence straddle carriers with significantly less manpower. For instance, Kalmar, a global based company is into active research for the forthcoming possibilities of 5G technology in terminals and ports as well. It has been expected that advantages like high bandwidth and low-latency connectivity will show a new path of possibilities for system providers and terminal operators during the forecast period. As mobile technology has emerged as game changing equipment with the introduction of private 4G LTE (Long Term Evolution) networks, thus Kalmar’s research team has decided to open up a new research avenue by collaborating with Nokia and VTT, Finland’s national research institution to make research and test 5G technology and its extensive application on the activities that are carried out in terminals.
• The rising dependence of manufacturing, mining and energy industries on the shipping industry on the back of rising requirement of raw material supply and end products has resulted in growth of bulk trading. Bulk commodity trading, accounting for a significant percentage in overall sea-borne trade, is expected to present potential growth prospects for use of straddle carriers. Large fleet size merged with comparatively slow global trade has decoded into overloading situations with falling freight rates. For instance, in 2016, BDI fell to 290 that consecutively led to slow economic growth in China. Moreover, low freight rates and overcapacity have resulted in increase in bulk trade. This factor is likely to mark a negative effect on the shipping container sector, in turn adversely impacting the growth of straddle carrier market.
• The straddle carrier market lightens up a competitive landscape field covering numerous facets of key players involved in the manufacturing and distribution of straddle carriers. To name a few, various competitive intelligence features such as SWOT analysis, market shares, product portfolio analysis, innovations and strategies have been covered in the competitive landscape section of the report. Moreover, key developments of main companies in the straddle carrier market have also been taken into account. For instance, TPT (Transnet Port Terminals) has introduced a new diesel-electric straddle carrier with features like high productivity and performance and also it reduces operations and maintenance costs.

Key Segments Covered

Drive System

• Hydraulic
• Electric
• Hybrid

Loading Capacity

• Less than 40t
• 40T
• 50T
• More than 50T

Stacking of Container

• Mini Straddle Carrier
• 1-over-1
• 1-over-2
• 1-over-3

Lift

• Single Lift
• Twin Lift

Operation

• Manual
• Semi-automatic
• Automatic

Application

• Port Terminal
• Intermodal Yards
• Others

Region

• North America 
  • Mexico
  • U.S.
  • Canada 
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe 
• Asia-Pacific 
  • China
  • Japan
  • India
  • Rest of Asia Pacific 
• CIS & Russia
• LAMEA 
  • Latin America
  • Middle East
  • Africa

Key Benefits of the Report

• This study presents the analytical depiction of the straddle carrier market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the straddle carrier market industry share.
• The current market is quantitatively analysed from 2020 to 2030 to highlight the straddle carrier market industry growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed straddle carrier market industry analysis based on competitive intensity and how the competition will take shape in coming years.

 Straddle Carrier Market Report Highlights