Global Automated Container Terminal Market
Global Automated Container Terminal Market was valued at USD 11.40 billion by 2023 which is expected to reach at USD 15.22 billion by 2030 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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Market Drivers
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.
Market Restraints
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 Segmentation
Global Automated Container Terminal Market is segmented into Degree of Automation such as Semi-automated Container Terminal, and Fully Automated Container Terminal, by Project Type such as Brownfield Projects, and Greenfield Projects. Further, market is segmented into offering such as Equipment, Software, and Services.
Also, Global Automated Container Terminal Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
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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
Market Taxonomy
By Degree of Automation Semi-automated Container Terminal Fully Automated Container Terminal By Project Type Brownfield Projects Greenfield Projects By Offering Equipment Software Services
By Region
- North America
- Latin America
- Europe Asia
- Pacific Middle
- East Africa
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