Roller Cradle Market to be dominated by Asia-pacific region through 2026
Rising demand for natural gas and crude oil and rapid
industrilziation is driving the demand of the Global Roller Cradle Market for
the forecast period, 2022-2026.
According
to TechSci Research report, “Roller Cradle Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2016-2026 Segmented By Size (6-12inch,12-24inch, 24-36inch,
36-48inch, 48-60 inch), By Type (PU Coating Roller, Cradle Nylon, Cradle with
PU Coating, Choker Belt, Cradle Single String, Roli Cradle), By Application (Onshore,
Offshore), and By Region”,
The Global Roller Cradle
market is anticipated to grow at a rate of significant CAGR for the forecast
period, 2022-2026. In pipeline construction and utility projects, the Roller
Cradle is considered an essential part of providing enhanced control to the
crane and lifter operators. Roller cradles are designed uniquely to lift the
combined pipelines and the machines efficiently. These helps prevent damage to
the coating surface as the Roller Cradle is covered with polyethylene. Roller
cradles are easy to handle and have high load-carrying capacity. To prevent
ovality issues, the Roller Cradle components are evenly distributed to support
the distribution of load. Roller cradles are made up of highly resistive
material to various physical, corrosive, and thermal forces, and they are less
expensive to fabricate and cost-friendly. An increase in the investments by the
leading authorities to upgrade the existing pipeline structure is expected to
create huge potential for the Global Roller Cradle market growth during the
forecast period.
However, the shift towards renewable energy sources
for electricity generation may restrain the Global Roller Cradle market for the
forecast period.
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The
Global Roller Cradle market is segmented into size, type, application, competitional
landscape, and regional distribution.
On the basis of type, the Global Roller
Cradle market is divided into PU coating roller, cradle nylon, cradle with PU
coating, choker belt, cradle single string, and roli cradle. The roli cradle
segment is expected to grow at a steady rate during the forecast period. The
roli cradle is suitable for all types of operation, and it eliminates the
damage caused by the steel wheel cradle. Roli cradle distributes the load
evenly, which makes it ideal for low and heavy load all kinds of applications,
and it can safely handle heavy wall pipe. These can be easily disassembled for
transit or storage purposes.
On the application, the Global Roller
Cradle market is bifurcated into onshore and offshore. The offshore segment is
expected to witness substantial growth in the next five years. Offshore
pipelines are considered ideal for oil and gas transportation due to the lower
risks of spillage and are unaffected by extreme weather conditions. The
offshore segment provides a safe and most economical way of transportation. The
high demand for conventional energy sources and the growing demand from
high-energy consuming countries accelerate the offshore segment growth
On the basis of regional analysis, the
Asia-pacific region is expected to witness the fastest incremental growth for
the next five years. High demand across the major countries such as China,
India, the largest consumer of oil and gas, is fueling the construction of
pipeline networks in the region. China is making huge investments in developing
the local natural gas production fields and importing natural gas to satisfy
domestic demand. Government authorities are making investments and launching
initiatives for the development of the pipeline and transportation infrastructure.
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“An increase in exploration activities
and the growing use of advanced techniques such as deep and ultra-deep-water
offshore oil and gas activities is expected to create lucrative opportunities
for market growth. High demand for oil and gas from the developing economies
and the investments made by the leading authorities to meet the growing energy
demands, along with the implementation of safety regulations during pipeline
construction, is expected to fuel the Global Roller Cradle market growth.
Additionally, the high demand from the prominent end-use sectors such as the
chemical sector, manufacturing sector, gas-fired power plants, the commercial
and residential sector is expected to propel the Global Roller Cradle market
growth till 2026” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Roller Cradle Market -
Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026 Segmented
By Size (6-12inch,12-24inch, 24-36inch, 36-48inch, 48-60 inch), By Type (PU
Coating Roller, Cradle Nylon, Cradle with PU Coating, Choker Belt, Cradle
Single String, Roli Cradle), By Application (Onshore, Offshore), and By Region”, has evaluated the future
growth potential of Global Roller Cradle market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Roller Cradle market.
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