Straddle Crane Market

Straddle Crane Market: Introduction

• Straddle crane, or straddle carrier, is a type of gantry crane that can move from one place to other. It is a freight carrying vehicle that carries its load underneath by straddling it rather than carrying it on top like a conventional truck or reach stackers.
• Straddle cranes are used across a wide array of applications such as container handling, manufacturing facilities, and shipyards, which in turn fuels the global straddle carne market.

Key Drivers of Straddle Crane Market

• Rise in globalization has led to an increase in the transportation of containers across the world. Moreover, trade agreements signed between developing nations, such as TPSEP, NAFTA, AFTA, and several others, have helped countries significantly strengthen their trade volumes. Statistics published by the United Nations Conference on Trade and Development stated that globalization has caused a steep increase in maritime trade with more than 11,000 million tons of cargo shipped in 2019. This consistent rise in volume of maritime cargo has propelled the demand for material handling solutions for ports and terminals, number of cargo ships, and operational ports. Around 84 major port construction projects have been initiated, globally, at a total cost of over US$ 39 Bn in 2021. Moreover, the shipbuilding industry has been expanding with new orders for cargo ships as well as other ships. These factors are driving the straddle crane market across the globe.
• The global population and urbanization has been increasing consistently. The United Nations has projected that the global population is expected to reach 8.5 billion by 2030, and more than 60% of this population is expected to live in urban settlements. Rise in population and an increase in their income levels has fueled the consumption of goods, which in turn drives the need for mass production facilities and large warehouses. Furthermore, the requirement of metals and minerals is rising due to this increased consumption capacities of the population. Governments across the world are investing in infrastructure development projects to increase their GDP. The manufacturing, construction, and mining are some of the major application sectors of straddle cranes and expansion of these sectors is driving the global straddle crane market.

Restrains in Straddle Crane Market

• Initial investment and maintenance cost required for straddle cranes is high. This is one of the major factors hindering the global straddle crane market. Moreover, the popularity of alternative material handling solutions, such as deck-based cranes and reach stackers, is another factor restraining the global straddle crane market.

Impact of COVID-19 pandemic on straddle crane market

• The COVID-19 pandemic spread to all corners of the world and various governments in Europe, the Americas, and Rest of the world shut down manufacturing plants along with cross-border transportation of people and goods, in order to reduce the spread of the infection. This restrained the activities in the manufacturing sector, shipyards, and ports and terminals which in turn reduce their revenue inflows and consequently, hampered the sale of new material handling equipment including straddle cranes.

Asia Pacific to hold significant share of global straddle crane market

• Asia Pacific accounted for a significant share of the global straddle crane market. The ports infrastructure sector in the region is prominent and rapidly expanding globally, with burgeoning trade flows and economic development driving the need for larger and more efficient maritime trade facilities including ports & terminals. Besides China, India and ASEAN countries are notable markets for material handling equipment across Asia Pacific. Additionally, rapid increase in number of industries and on-going infrastructure development projects are further boosting the demand for material handling equipment and fuelling the share held by Asia Pacific in the global straddle crane market.

Key Players Operating in Global Straddle Crane Market

The global straddle crane market is highly competitive due to the presence of large players in the market. A few of the key players operating in the global straddle crane market are:

• Aimix Group Co., Ltd.
• ASCOM Spa
• Cargotec (Kalmar)
• Cimolai Technology Spa
• Combilift
• Deal S.r.l.
• Everest Engineering Equipment Pvt Ltd.
• Henan Huada Heavy Industry Technology Co. Ltd.
• Konecranes
• Kress Corp.
• Liebherr
• Mobicon
• Morello Giovanni Srl
• Weihua Group

Global Straddle Crane Market: Research Scope

Global Straddle Crane Market, by Loading Capacity

• Less than 180 ton
• 180 ton to 350 ton
• Above 350 ton

Global Straddle Crane Market, by Type

• Tire Mounted
• Rail Mounted

Global Straddle Crane Market, by Propulsion

• I.C. Engine
• Electric

Global Straddle Crane Market, by Application

• Manufacturing Facilities
• Warehouses
• Shipyards
• Ports & Terminals
• Construction & Mining Sites

Global Straddle Crane Market, by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • South Korea
  • ANZ
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Turkey
  • Rest of Middle East & Africa