Steady Sales Foreseen for Straddle Carrier with Resurging Demand for Containerization in Sea-Borne Trade, Observers Fact.MR
Rising sea-borne activities coupled with significant increase in containerized trade worldwide continue to remain instrumental in driving the growth of the straddle carrier market . The sales of straddle carriers are also being impacted by a number of macroeconomic and industry-specific factors such as rising investments in Greenfield and Brownfield projects along with increasing adoption of automated products albeit its complexities for manufacturers of straddle carriers. Fact.MR foresees that the demand for straddle carrier is projected to expand at a steady pace reflecting a CAGR of 4.5% in terms of value during the period of forecast, 2018-2028. More than 700 units of straddle carriers are likely to be sold by end of 2028, says Fact.MR study . The straddle carrier market includes historical data, current market scenario as well as forecasts on every market segment. Analysis on straddle carrier market covers a detailed scrutiny on straddle carrier loading capacit...