Automated Container Terminal Market: Growth, Trend, Forecast To 2027

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 performance.

Automated Container Terminal Market Dynamics

The increasing adoption of automation in equipment handling systems is considered a key factor fueling the growth of the automated container terminal market
Moreover, increasing number of new terminals coupled with wide scope of growth for brownfield and greenfield container terminal projects has significantly contributed to the growth of the automated container terminal market.
Globally, manufacturers from varied industry sectors increasingly demand large container ships which are expected to bolster the growth of the automated container terminal market in the coming years.
The growing demand for numerous commodities across the globe, especially from emerging economies, has created the need for large container ships.
Additionally, expensive labor cost at terminals has created the need for automated container terminals.
Moreover, high cost associated with implementation of automated container terminals is another key factor likely to restrain the growth of the market.

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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.

Key Manufacturers Operating in the Market

The global automated container terminal market was moderately concentrated in 2018. Key manufacturers operating in the global market are:

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