Global Automated container terminal Market is valued approximately at USD 9.51 Billion in 2019 and is anticipated to grow with a healthy growth rate of more than 3.70% over the forecast period 2020-2027. An automated container terminal can be defined as a terminal that runs as an automated process some or all of discharging of ships, transport, and yard equipment operations. It efficiently increases the level of customer satisfaction by limiting the overall downtime and maximizing operation efficiency. It reduces the overall operational cost of the ports by reducing overall labor costs. The rapid growth in global container port and increase in growth of growth of shipping containers across the globe is the factor stimulating the growth of market over the forecast years. For instance, as per Statista, the year-on-year change in global container port throughput in 2019 was 2.3% which rose to 3.3% in 2020. Also, in 2016, the global shipping containers market was about USD 4.60 billion and is expected to increase with USD 11.00 billion by 2025. In addition, increasing labor cost in developed countries is the factor propelling the growth of market over the forecast years. However, the requirement of high initial cost for the implementation of automated container terminals is the factor hampering the growth of market.
The regional analysis of global Automated container terminal Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing demand for large container ships. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as integration of IoT in terminal automation would create lucrative growth prospects for the Automated container terminal Market across Asia-Pacific region.
Major market player included in this report are:
CyberLogitec Co., Ltd.
Identec Solutions AG
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Automation degree Automation degrees of key players. The detailed segments and sub-segment of the market are explained below:
By Automation degree:
By Project Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Automated container terminal Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers