New Study from StrategyR Highlights a Global Market of 13,000 Units for Horse Riders by 2026
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Editing: 7; Published: February 2022
Executive Pool: 656
Companies: 46 – Players covered include ASCOM Spa; Cargotec Corp. ; Cimolai Technology SpA; Combilift Ltd. ; Combilift material handling solutions; CVS ferrari spa; Faymonville Group; Isoloader Australia Pty Ltd. ; Kalmar Inc.; Konecrane Oyj; Konecranes Plc; Kress Corp.; Kress Company; Liebherr International AG; Mobicon Systems Pty Ltd. ; Morello Giovanni Srl; Nelson; Terex Port Solutions; Valmet and others.
Blanket: All major geographies and key segments
segments: Segment (straddle carriers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Rider Carrier Market to Reach 13,000 Units by 2026
Straddle carriers, also known as straddle carriers, are specialized mobile equipment used for transporting ISO-standard containers. These highly versatile machines are widely used in port container terminals for stacking, loading and unloading containers. These off-road carriers help improve terminal throughput by decoupling yard and ship-to-shore operations. There is a growing demand for efficient container handling equipment among port terminal operators around the world, leading to increased investment in new fleets that can effectively solve the problem of port congestion. Due to their ability to load and unload containers without the aid of forklifts or cranes, straddle carriers are experiencing increased demand in the container industry for efficient movement of containers over long distances. Growth in maritime traffic, modernization of freight transport equipment and expansion of port infrastructure in North America are some of the key factors that are likely to play a significant role in increasing market growth. Demand is also driven by various macro and industry-specific factors such as increasing investments in Brownfield and Greenfield projects coupled with increasing adoption of automated products, despite the complexity associated with these products for straddle carrier manufacturers .
Amid COVID-19 crisis, the global straddle carrier market estimated at 10.7 thousand units in 2022 is expected to reach a revised size of 13 thousand units by 2026, growing at a CAGR of 4.6% over the analysis period. Straddle carriers are seeing significant adoption in recent years due to the wide range of benefits they offer, including high productivity, greater efficiency in bulk handling, and increased flexibility compared to RTG or RMG material handling systems. .
The US market is estimated at 1.4 Thousand units in 2022, while China is expected to reach 2.7 thousand units by 2026
The Straddle Carriers market in the United States is estimated at 1.4 thousand units in 2022. The country currently represents a 13.65% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of 2.7 thousand units in 2026, growing at a CAGR of 5.6% over the analysis period. Other notable geographic markets include Japan and Canada, each predicting growth of 3.5% and 3.6% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 3.4% while the rest of the European market (as defined in the study) will reach 2.9 thousand units by the end of the analysis period. Asia Pacific is home to half of the largest ports in the world and has therefore become a vital target market for players in the container industry. Besides, Asia Pacific countries, such as Chinaare experiencing a growing need for mining products from the electrical, chemical, agricultural, construction and steel industries, which in turn is propelling increased demand for freight transportation equipment, such as horse riders.
IoT and AI to enhance the capabilities of the Straddle Carrier
Jumper jumper systems are expected to see the proliferation of Internet of Thins (IoT), artificial intelligence (AI) and sensor-enabled components in the wake of the growing emphasis on these concepts in the design and engineering of systems and equipment at all levels. Jumper manufacturers are increasingly emphasizing IoT, AI, and sensor components to induce additional safety, reliability, transparency, and efficiency in operations. The trend reflects the general trend in the shipping and shipping industry where automation and digitalization have become the new areas of focus for industry players. As part of its efforts to prepare for change and prepare for a transformed post-crisis world, the shipping and shipping industry is constantly emphasizing a rapid transition to digital transformation. In this context, renewed attention would be given to IoT, AI, M2M communication and other new and upcoming technologies to improve the efficiency of logistics processes, environmental sustainability, visibility, transparency and the safety and security of shipping operations.
Concepts such as Ports 4.0 and Maritime 4.0, which are part of the broader Industry 4.0 ecosystem, would gain popularity in the post-COVID-19 shipping and shipping industry. The focus on “smart ships”, “smart ports” and digital logistics will rapidly evolve alongside the planned expansion of the Industry 4.0 ecosystem, as an increasing number of ports and transport companies from containers would leverage disruptive technologies to adapt to existing legal frameworks and gain a competitive advantage in the global logistics market. Mainly influenced by automation theory, straddle carrier manufacturers and developers aim to develop modern alternatives equipped with AI and IoT. For example, global equipment supplier Kalmar is focused on identifying opportunities for integrating 5G connectivity into terminals and ports. As 5G is known for its low latency connectivity and high bandwidth, any such integration will gradually open up new possibilities for terminal operators and system providers. Continued
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