Electrification, Autonomous Vehicles, and Smart Port Solutions Hold Long-Term Potential
Straddle carriers are used for intermodal operations in ports and terminals for stacking containers and transporting between quay crane and container exchange area. They are valued for their flexibility. The industry has grown significantly in recent years, with a global market size of $1.1 billion in 2022, and will likely record a 7.0% compound annual growth rate (CAGR) to reach $1.9 billion in 2030. Factors driving the industry include globalization, environmental regulations, and automation and connectivity.
The publisher forecasts the United States and Europe to register resilient CAGRs of 6.0% and 6.2%, respectively, between 2022 and 2030. India and China will likely record strong CAGRs of 11.4% and 7.3%, respectively, for the same period because of expansion of port and logistics operations.
Cargotec, Konecranes, ZPMC, Mobicon, and Liebherr are major companies with a strong presence in multiple markets and a range of products. A pivot toward more sustainable and efficient vehicles with a focus on reducing emissions and improving fuel efficiency characterizes the industry. This drives innovation, with manufacturers developing electrification and autonomous technologies.
Table of Contents
1 Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Straddle Carrier Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
- Main Findings
- Scope of Analysis
2 Global Economic Outlook
- Gross Domestic Product (GDP) Growth
- GDP Growth by Region
3 Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Port Activity
- Container Capacity at Ports
- Major Ports in the World
- Straddle Carrier Technical Description
- Straddle Carrier Performance Analysis
- Port Requirement Specification Log
- Regulatory Impact - The United States
- Regulatory Impact - Europe
4 Trend Analysis
- Top Trends Driving the Straddle Carrier Market
- Trend 1 - Electrification
- Charging-as-a-Service (CaaS) Business Model
- Trend 2 - Autonomous Straddle Carrier
- Trend 3 - Smart Port Technology
- Smart Port Architecture
- The Future of Smart Ports
- Major Smart Ports and Technology
5 Competitive Landscape
- Major Players and Product Launches
- Partners in the Port Terminal Industry
- Competitive Environment
- Key Competitors
- Market Share
6 Market Forecast
- Growth Metrics
- Forecast Considerations
- Unit Sales Forecast
- Unit Sales Forecast by Region
- Revenue Forecast
- Revenue Forecast by Region
- EIO Forecast
- EIO Forecast by Region
7 Growth Opportunity Universe
- Growth Opportunity 1 - Electrification and Emission Reduction Solutions
- Growth Opportunity 2 - Autonomous Straddle Carriers
- Growth Opportunity 3 - Smart Port Systems
- List of Exhibits
- Legal Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargotec
- Konecranes
- Liebherr
- Mobicon
- ZPMC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 70 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 1.1 Billion |
| Forecasted Market Value ( USD | $ 1.9 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
