The automated container terminal market is projected to grow at a CAGR of 3.30% over the forecast period of 2017-2023. Automated container terminal refers to a situation where the tasks performed by manual labour are replaced by a set of pre-defined operations which result in an improvement in operational safety and organization. The use of automation at container terminals increases the level of customer satisfaction by reducing the overall downtime and maximizing operational efficiency. In addition, the overall operational cost of the port is reduced owing to lower labour cost. Hence, cost-effectiveness and customer satisfaction are the major factors driving the demand for automated container terminal solutions. However, the high cost associated with the implementation of these solutions will restrict the growing demand for these solutions throughout the forecast period.
By component, the automated container terminal market has been segmented into hardware, software and services. Hardware accounted for a considerable market share owing to the adoption of port automation for brownfield projects. Set up of new terminals will result in increasing demand for various services including maintenance, consultancy, and integration among others, boosting the demand for port automation services. Renewal and upgradation of software will drive its demand over the forecast period.
By geography, the automated container terminal market has been segmented as North America, South America, Europe, Middle East and Africa and the Asia Pacific. Each region has been further segmented into major countries of their respective regions. The Asia Pacific region held a significant market share and is projected to grow at a considerable rate owing to the presence of major marine ports, increasing expenditure on port automation by market players and increasing raw materials demand to boost manufacturing activities in the coming years.
Major industry players profiled as part of the report are CERTUS Port Automation, ABB, Automated Port Solutions, Cargotec, Identec Solutions, and Konecranes among others.
The automated container terminal market has been analyzed through the following segments:
• By Project Type
o Brownfield Project
o Greenfield Project
• By Component
• By Solutions
o Gate Operations
o Crane Operations
o Inspection Services
o System Integration
• By Geography
• North America
• South America
o The Netherlands
• Middle East and Africa
o South Africa
• Asia Pacific
o South Korea
Key insights offered
What will be the automated container terminal market size from 2017 to 2023?
How are the major drivers and restraints affecting the Automated container terminal market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
All our studies come with 2 months of analyst support.
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