Global Automated Container Terminal Market was valued at USD 11.40 billion by 2019 which is expected to reach at USD 15.22 billion by 2027 at a CAGR 3.18%.
Automated container terminal are container handling equipments which facilitate the transshipment of loaded containers between transport vehicles via automated machinery. It is properly automated from each end and caters the need to optimize the operations and tasks assigned.
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For a better understanding of the Automated Container Terminal market, a better grip over the macroeconomic and microeconomic factors are needed as they are impacting the market towards progress. Those factors can ensure a swift helming of the market by rough patches of economic crisis and help in averting plummeting results. With real-time data, the report captures the essence of the market and provides a close reading of demographic changes. Report would assist key players in assessing growth opportunities and optimally use resources provided by growth pockets.
The increase in adoption of automation in equipments handling is the key driving factor which is expected to boost the global automated container terminal market growth. Furthermore, rise in number of new terminals coupled with wide scope for Greenfield and Brownfield container terminal projects. It is considered as driving factor will fuel the market growth during this forecast period. Moreover, growing demand for numerous commodities across the world, especially from emerging economies has created need for large container ships will drive the market growth. In addition to that, expensive labor cost at terminals has created need for automated container terminals has significantly contributed to the market growth.
However, high initial cost for implementation of automated container terminal is the major restraining factor which is expected to hinder the global automated container terminal market growth. Also, lack of support from Trade Union will obstruct the market growth.
Market Key Players
Various key players are discussed in this report such as ABB, Liebherr, ZPMC, Konecranes, Cargotec, Künz, Cyberlogitec, Camco Technologies, and Identec Solutions
By Degree of Automation
- Semi-automated Container Terminal
- Fully Automated Container Terminal
By Project Type
- Brownfield Projects
- Greenfield Projects
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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