Market Overview:

The Global Straddle Carriers Market Estimated At 9.9 Thousands Units In The Year 2022, Is Projected To Reach A Revised Size Of 14.18 Thousand Units By 2030, And Is Growing At A CAGR Of 4.6% Over The Period 2022-2030.

Straddle carriers, which are also called straddle trucks, are used to move and store freight. The equipment's job is to carry the load of freight on top of it and also under it using a straddling process. Straddle carriers are useful freight-carrying machines because they can unload and load cargo without the use of forklifts or cranes. There are different kinds of straddle carriers, including manual, automatic, and semi-automatic ones that can carry different amounts of weight. Fuel is used to power hydraulic straddle carriers. Straddle carriers that are good for the environment run on electricity. Up to one-fifth of the fuel used by hydraulic straddle carriers can be saved with hybrid straddle carriers. The drive parts of a hybrid straddle carrier are safe because the diesel generator set is not in charge of the peak power load. The energy that is stored in short-term electric storage systems (ECOCaps) and fed back into the system as needed.

COVID-19 Impact:

Due to the lockdown in countries around the world, the COVID-19 pandemic has stopped the production of different products in the straddle carrier industry. Since the last few months, this has slowed the growth of the straddle carrier market, and it's likely to keep doing so until 2021. COVID-19 has already hurt sales of straddle carriers in the first quarter of 2021, and it is likely to slow market growth for the rest of the year.

Before, big manufacturing countries like the U.S., Germany, Italy, the UK, and China were the main sources of demand for straddle carriers. However, the spread of the coronavirus has hurt these countries, which has led to a drop in demand for straddle carriers.

Also, it's hard to tell what the lockdown will do right now, and companies' financial recovery depends entirely on how much cash they have on hand. Manufacturers of straddle carriers can only afford a full lockdown for a few months. After that, they have to change their investment plans. For example, several market players stopped making things for a few weeks in order to save money. Few players also laid off workers to stay in business during the COVID-19 health crisis.

Market Dynamics:

Market Trends:

Manufacturers and developers of straddle carriers are putting most of their money into research and development to make modern alternatives that use Artificial Intelligence. This is mostly because of the theory of automation. For example, ZPMC, a Chinese company that makes straddle carriers, has thought of an AI-powered straddle carrier. This has cut down on the number of terminal workers who can do other jobs at the same time. It has also increased the efficiency of horizontal transportation at port terminals by almost 50 percent. The company also said that the autonomous AI straddle carrier is almost 100 percent accurate, which makes it easier to be more productive and efficient.

With Internet of Things (IoT) growing in every market, manufacturers have made it possible for AI to advance with much less manpower. For example, Kalmar, a global company, is looking into how 5G technology could be used in terminals and ports in the near future. During the forecast period, it is expected that benefits like high bandwidth and low-latency connectivity will open up new opportunities for system providers and terminal operators. With the introduction of private 4G LTE (Long Term Evolution) networks, mobile technology has become a game-changer. Because of this, Kalmar's research team has decided to open up a new research path by working with Nokia and VTT, Finland's national research institution, to study and test 5G technology and its wide range of uses in terminal activities.

Driving Factors:

• Increasing Deployment of Automated Terminals

Automation is quickly becoming one of the most common trends in shipping and other industrial applications. With more attention being paid to high productivity and efficiency, automated terminals have become very popular.

Also, automated solutions have been added to container terminals to help deal with the problems that larger ships have when it comes to loading containers efficiently.

With automated terminals, ships wait less and turn around faster, which makes them more popular in major ports around the world. In the coming years, this is likely to lead to growth opportunities for straddle carriers.

• Advent of AI Straddle Carriers

Manufacturers of straddle carriers are putting most of their money into research and development to make new models with artificial intelligence. This is because the idea of automation is very important to them. As the Internet of Things (IoT) has spread to all industries, companies have taken advantage of its potential to make straddle carriers with artificial intelligence.

Restraints/Challenges:

• Large Fleet Size and Slow Global Trade

Bulk trading has grown because the manufacturing, mining, and energy industries are becoming more and more dependent on the shipping industry. This is because they need more raw materials and finished goods. Bulk commodity trading, which makes up a big part of all sea-based trade, is expected to offer opportunities for the use of straddle carriers to grow. Large fleet sizes and relatively slow global trade have led to situations where ships are overloaded and freight rates are going down. For example, China's economy grew slowly in 2016 because the BDI fell to 290. Overcapacity and low freight rates have also led to an increase in bulk trade. This factor is likely to hurt the shipping container industry, which will hurt the growth of the straddle carrier market.

Strategic Development:

• In December 2017- PT Pelabhutan Indonesia 3, which is in Indonesia, gave Konecranes an order for mobile harbor cranes. Three Model 4 and two Model 5 mobile harbor cranes with rubber tires will be sent to the Tanjung Perak Port as part of the order.
• In July 2017- Liebherr fulfilled an order from the Doyle Shipping Group in Ireland for a new LRS 545 reach stacker at the Dublin Port.
• In January 2018 - Trac-Wheels gave Kalmar an order to supply 10 of its TL2 terminal tractors. (Malaysia). The tractors will be rented out to the Miri Port and Tanjung Manis Port terminals in East Malaysia so that they can handle cargo in a more integrated way.

Key Vendors:

• Combilift

Combilift makes the most multi-directional forklifts and Straddle Carriers of any company in the world. We are known as the leader in solutions for moving long loads, and we offer a free design service for optimizing warehouses and sites. Combilift does what it does because it wants to bring new ideas to the field of material handling. Every part of the business has to be able to meet the ever-changing needs of the customer.

• Kalmar

Kalmar offers ports, terminals, distribution centers, and heavy industry a wide range of services and solutions for handling cargo. Kalmar is the leader in the industry when it comes to automating terminals and handling containers in a way that saves energy. One in four container moves around the world are handled by a Kalmar solution. Kalmar makes every move more efficient with its wide range of products, global service network, and ability to make it easy for different terminal processes to work together.

• Liebherr Container Cranes Ltd.

Liebherr Container Cranes makes ship-to-shore container cranes, rubber-tyred gantry cranes, rail-mounted gantry cranes, and straddle carriers, all of which are used to move containers. At our facility in Killarney, all cranes are designed, made, and put together.

• Konecranes

Konecranes is a world-leading group of Lifting Businesses that serves a wide range of customers, such as manufacturing and process industries, shipyards, ports, and terminals. Konecranes offers lifting solutions that improve productivity as well as services for all kinds of lifting equipment. The Group has 18,000 workers in 600 locations in 50 countries. Class A shares of Konecranes are traded on the Nasdaq Helsinki.

• Kress Corporation

Edward S. Kress began the Kress Corporation in October of 1965. Kress made its first contribution to the mobile equipment business two months after it was founded. A slag pot carrier was sent to the Edward C. Levy Company. The carrier picked up, moved, poured, and shook the slag pots from the 300-ton BOF furnaces on the Great Lakes. It was a success right away, and ten more carriers were ordered within a few months.

• CVS Ferrari

CVS FERRARI was started in 1974 and has been making heavy-duty liftrucks and reach stackers for container handling and industrial applications for more than 20 years.

• Mobicon Systems

Mobicon Mini Straddle Carriers are a safer and more productive way to move containers. Our machines are less expensive than a forklift or a reach stacker. They are also safer, require less maintenance, and save money. The Mobicon Top Frame model is a reliable straddle carrier that can stack two containers high and is made with speed, efficiency, and space in mind.

• Isoloader Australia Pty Ltd.

Isoloader makes gantries with rubber tires and straddle carriers to move containers or heavy loads. We started doing business in 1978, and since then, we're proud to have machines running in shipping terminals, intermodal facilities, warehouses, and manufacturing sites all over the world.

Segmentation Analysis:

The market is segmented on the basis of type, application and region.

By Type Outlook:

On the basis of type, the market is segmented into three types namely 30-35T, 35-40T, 40-50T.

Straddle Carrier 30-35T is a type of shipping and transportation vehicle used in the market. It was made so that it can carry heavy loads safely and easily over long distances. The carrier can be loaded on either two or four wheels, but most of the time it is loaded on two wheels so that it is easy to steer. Depending on how many wheels they have, 30-35T carriers are also called trikes or tricycles. The 35-40T Straddle Carrier is a device that is used to move and distribute power cables in commercial buildings. With the help of four bolts, it can be attached to the wall or ceiling. The carrier is made of two metal plates connected by flexible steel wires that protect the electrical cables. Straddle Carrier size 40-50T can carry up to 50 tons of goods. It has a high capacity, is light, and is easy to use, among other things. It is better than other kinds of carriers because it can carry heavier loads and move faster. It can be used in port terminals, intermodal yards, and other transportation hubs because of this.

• 30-35T
• 35-40T
• 40-50T

By Application Outlook:

By where they are used, the global straddle carrier market is divided into port terminals, intermodal yards, and other places. In 2019, the intermodal yards segment had the biggest share of the market's revenue. This is because the demand for container handling services on trucks, trains, and ships is rising. Over the forecast period, growth is also expected to be helped by the fact that governments are investing more in infrastructure development in order to boost trade.

Due to rising demand for container handling services, the port terminals segment is expected to grow at the fastest rate over the next five years. This is similar to what's happening with trucks, trains, and ships, where investments are being made to increase capacity and improve efficiency. The growth of e-commerce is also a factor in the growth of the market.

• Port Terminals
• Intermodal Yards

Regional Insights:

The global Straddle Carrier market has been looked at in different parts of the world, like North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be dominated by the global Straddle Carrier region.

North America is a big market for straddle carriers around the world. As the second largest market for cars in the world, the U.S. is the most important market in this area. Other big markets in this area are Canada and Mexico. Europe is also a very important market for straddle carriers. Germany is a big market in this area because it has the most cars of any country in Europe. Other big markets in Europe include the U.K., France, Spain, Italy, Belgium, Sweden, and the Netherlands. Asia-Pacific is one of the world's biggest markets for straddle carriers. China is the biggest market in this part of the world, and it is also the biggest market for cars. The other big markets in this area are Japan, South Korea, Australia, and India. Middle East and Africa are also important markets for straddle carriers. In this area, Turkey, Iran, and South Africa are all important markets. Latin America is also a big market for straddle carriers. Brazil and Argentina are two of the biggest economies in this area.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• This study gives an in-depth analysis of the straddle carrier market industry, including current trends and predictions for the future. This helps investors find good places to put their money.
• The report gives information about the key drivers, barriers, and opportunities, as well as a detailed analysis of the market share of the straddle carrier market.
• The current market is looked at quantitatively from 2023 to 2030 to show the growth scenario of the straddle carrier market industry.
• The report gives a detailed industry analysis of the straddle carrier market based on how competitive it is and how it will change in the coming years.