Top 3 Emerging Trends Impacting the Global Straddle Carrier Market From 2017-2021: Technavio

Technavio’s latest report on the global straddle carrier market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170602005438/en/

The research study by Technavio on the global straddle carrier market for 2017-2021 provides a detailed industry analysis based on the geography, including APAC, EMEA, and the Americas.

A straddle carrier is a non-road vehicle used in port terminals to transport and stack ISO standard containers. Shuttle carriers help improve the terminal operational efficiency by decoupling ship-to-shore and yard operations. Technavio analysts forecast the global straddle carrier market to reach 12,193 units by 2021, growing at a CAGR of more than 4% over the forecast period.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

The top three emerging trends driving the global straddle carrier market according to Technavio automotive research analysts are:

• Growing adoption of automated terminals
• Rising needs of automation in port handling systems
• Increase in the number of new terminals with advanced features

Growing adoption of automated terminals

Innovations and technological developments have brought about numerous changes in the maritime industry. For instance, the introduction of navigation software, radio frequency identification (RFID) sensors, and other technicalities in the remotely operated cranes marks significant developments in the automated handling equipment at ports. The real-time control has reduced the complexity and improved the operational efficiency of maritime processes.

“Ports in Indonesia, Vietnam, and Malaysia are using automation to quickly boost the productivity in ways that were not possible for traditional port operators,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive manufacturing research.

Rising needs of automation in port handling systems

Container terminals have become more efficient and require lesser revenue while providing better performance. Terminal operators are adopting innovative methods to perform terminal functions to lower their costs and direct it towards the automation of their processes. The automation of ports not only reduces the turnaround and waiting times for ships but also cuts the cargo holding duration. The highly-automated ports in Hong Kong, Singapore, and Taiwan have proven to be significantly more efficient than other ports across the globe in terms of ship turnaround times and crane movements.

Increase in the number of new terminals with advanced features

Major drivers for the global straddle carrier market include the improved consistency and predictability, the safety of operations, and the reduced environmental impact. The deployment of automated stacking cranes (ASCs) results in better space utilization since coastal land is very expensive.

“New terminals equipped with automated container terminals are cleaner, safer, and quieter than the conventional terminals, and they deliver containers much faster to truckers than the fully manned terminals,” says Siddharth.

Browse Related Reports:

• Global Three-Wheel Passenger Carrier Market 2017-2021
• Global Microcars Market 2017-2021
• Global Compressed Natural Gas (CNG) Vehicles Market 2017-2021

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like wheels and tires, powertrain, and automotive components. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170602005438/en/