Automated Container Terminal Market: Introduction
- Automated container terminals use container handling equipment that facilitate the transshipment of loaded containers between different transport vehicles via automated machinery.
- Automated container terminal extemporizes its capability by utilizing advanced software and real-time data procurement to empower further transportation of stocks. On account of maritime container ports, transshipments occur between holder ships and land vehicles
- It is operated by using hardware, software, and terminal operating systems.
- Integration of IoT in terminal automation offers huge growth opportunity for the market.
- The operation of automated container terminal involves minimum human intervention. Thus, it reduces the chances of human errors such as lack of skill, lack of attention and inconsistent perform.
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Automated Container Terminal Market: Segmentation Analysis
- Based on automation degree, the global automated container terminal market can be bifurcated into semi-automated and fully automated.
- Semi-automated segment is expected to hold major share of the automated container terminal market during the forecast period. The growing use of semi-automated container terminals can be attributed to the low level of human skills, lesser capital investment, and low upgrade variations related to semi-automation.
Asia Pacific to Lead the Global Market for Automated Container Terminal
- In terms of region, the global automated container terminal market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- Asia Pacific is likely to witness the maximum demand for automated container terminals from 2019 to 2027 followed by Europe and North America. Additionally, the market in this region is expected to expand at a rapid pace in the upcoming years.
- Growth of various industries such as processed food, steel, electronic gadgets, electrical machinery, textiles, and industrial goods have enhanced the automated container terminal market in Asia Pacific.