Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.56 Billion | USD 13.78 Billion | 3% | 2023 |
The global automated container terminal market size was worth around USD 10.56 billion in 2023 and is predicted to grow to around USD 13.78 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.0% between 2024 and 2032.
In order to offer the users of this report, a comprehensive view of the global automated container terminal market, we have included a detailed value chain analysis. To understand the competitive landscape within the market, an analysis of Porter’s Five Forces model for the global automated container terminal market has been included in the study. The study includes a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
An automated container terminal is an infrastructural type that facilitates the transshipment of cargo containers between different types of transport vehicle via automated machinery. It improvises its effectiveness by using advanced software and real-time data procurement to enable further transportation of merchandises. In the case of maritime container ports, transshipments take place between container ships and land vehicles. On the other hand, transshipment of merchandise between two same or different land vehicles happens at inland container terminals. Automation of these container terminals has gained attention in recent times, as it has various competitive advantages, such as remote control of the ship to store and loading of cranes, remote monitoring of automatic gates of the terminal, and mass handling of merchandises. It also helps in performing its functions with superior accuracy in a short timeframe.
Research report exemplifies various key factors that are bolstering the automated container terminal market globally. The predominant growth factor is the increasing demand for large container ships by global manufacturers. The rising demand for innumerable commodities across the globe, especially from emerging economies, has created the need for large container ships. Additionally, the growing awareness about the need for automated container terminals is due to expensive labor costs at terminals. Automation of container terminals requires huge capital cost but eventually helps in reducing labor and operational costs. Furthermore, intense market competition has led the manufacturers to focus on competitive value offerings, such as time-efficient and safer transshipment of merchandise.
Moreover, the automation of container terminal can also provide a competitive edge to companies. However, some restraining factors of the automated container terminal market are huge capital investments, lack of skilled workforce to monitor the automation of terminals, and isolation of operations at container terminals resulting in discontinued and poor data quality.
The study also includes the market share of the key participant’s operating in the global automated container terminal market across the globe. Moreover, the report covers the strategic development in the market along with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a global basis.
The study provides a crucial view of global automated container terminal market by segmenting it based on automation degree, project type, offering, and region.
On the basis of automation degree, the market is bifurcated into semi-automated and fully automated. The semi-automated segment accounts for a major automated container terminal market share and is expected to show a significant CAGR over the forecast time period.
By project type, the market is segmented into brownfield and greenfield.
Based on offering, the market includes software, equipment, and services.
Report Attributes | Report Details |
---|---|
Report Name | Automated Container Terminal Market |
Market Size in 2023 | USD 10.56 Billion |
Market Forecast in 2032 | USD 13.78 Billion |
Growth Rate | CAGR of 3% |
Number of Pages | 110 |
Key Companies Covered | Cargotec, Konecranes, ZPMC, Liebherr, ABB, Künz, CyberLogitec, Identec Solutions, Camco Technologies, and Orbcomm |
Segments Covered | By automation degree, By project type, By offering and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
The Asia Pacific region held the largest share in the automated container terminal market in 2018 globally. This region is also expected to dominate globally as well as register the highest CAGR in the future.
The global automated container terminal market is led by players like:
Automated Container Terminal Market: Automation Degree Analysis
Automated Container Terminal Market: Project Type Analysis
Automated Container Terminal Market: Offering Analysis
Automated Container Terminal Market: Regional Analysis
FrequentlyAsked Questions
An automated container terminal is a port facility that employs advanced technologies and automated systems to manage container handling processes with minimal human intervention. In contrast to conventional manual container handling methods, the objective of this type of terminal is to enhance safety, reduce operational costs, and enhance efficiency.
The demand for more efficient container handling solutions is driven by the increasing volume of international trade and cargo, which in turn increases the adoption of automated terminals. The capabilities and appeal of automated container terminals are improved by advancements in automation technologies, such as artificial intelligence, autonomous systems, and Internet of Things (IoT) applications.
The global automated container terminal market size was worth around USD 10.56 billion in 2023 and is predicted to grow to around USD 13.78 billion by 2032.
The global automated container terminal market a compound annual growth rate (CAGR) of roughly 3.0% between 2024 and 2032.
The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
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