The Automated Container Terminal Global Market Report 2024 Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automated Container Terminal Global Market Report 2024 Global Market Report 2024, The automated container terminal market size has grown strongly in recent years. It will grow from $12.35 billion in 2023 to $13.01 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to operational efficiency, labor optimization and cost reduction, growing container traffic, safety and security concerns, competitive pressure.
The automated container terminal market size is expected to see steady growth in the next few years. It will grow to $15.33 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to advancements in artificial intelligence (AI), 5g connectivity and iot integration, autonomous vehicles and drones, global trade expansion, data analytics for predictive maintenance. Major trends in the forecast period include integration with smart port technologies, technological advancements in robotics, blockchain for supply chain visibility, digital twin technology, environmental sustainability.
The increasing number of container ports is expected to propel the growth of the automated container terminal market going forward. A container port, also known as a container terminal, transports cargo containers between different transport vehicles for onward transportation. Automated container terminals provide increased efficiency and throughput compared to conventional manual terminals. These automated systems can manage containers more rapidly and precisely, resulting in quicker ship turnaround times and expanded terminal capacity. With the ongoing growth of global trade, the demand for container terminals that are both efficient and capable of handling high throughput becomes increasingly imperative. For instance, according to the United Nations Conference on Trade and Development’s Handbook 2023, a Switzerland-based intergovernmental organization, in 2021, global ports managed 851.1 million twenty-foot equivalent units (TEUs) of containers, an increase of 7% from 2020. Therefore, the increasing number of container ports is driving the growth of the automated container terminal market.
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The automated container terminal market covered in this report is segmented –
1) Automated Container Terminal Market By Product: Software, Equipment, Services
2) Automated Container Terminal Market By Project: Greenfield Projects, Brownfield Projects
3) Automated Container Terminal Market By Automation: Semi Automation, Fully Automation, Quary Crane
Top Major Players
Microsoft Corporation
Amazon Web Services Inc.
Microsoft Azure Automated Machine Learning
International Business Machines Co
Major companies operating in the automated container terminal market are developing innovative technological products such as Termina to increase their profitability in the market. Terminal 7 is Taiwan’s first and largest fully automatic container terminal, officially opened for business. For instance, in August 2023, Evergreen Marine Corporation, a UK-based appliance company, launched Terminal 7 at Kaohsiung Port. Terminal 7 has been equipped with cutting-edge technology, including Internet of Things (IoT) information networks throughout the facility, optical fiber connectivity, 5G communication systems, and remote-controlled gantry cranes. The terminal is designed to handle mega container ships, including Evergreen’s 24,000-TEU vessels and future 24 methanol-fueled 16,000-TEU vessels. The development of automated and intelligent container terminals has improved significantly with the installation of Terminal 7, which is expected to boost the region’s shipping-related economy and increase operational effectiveness.
The automated container terminal global market report 2024 market report table of contents includes:
1. Executive Summary
2. Automated Container Terminal Market Characteristics
3. Automated Container Terminal Market Trends And Strategies
4. Automated Container Terminal Market – Macro Economic Scenario
5. Global Automated Container Terminal Market Size and Growth
…..
32. Global Automated Container Terminal Market Competitive Benchmarking
33. Global Automated Container Terminal Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automated Container Terminal Market
35. Automated Container Terminal Market Future Outlook and Potential Analysis
36. Appendix
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