Future Outlook of Automated Container Terminal Market Poised to Achieve CAGR of 2.81% by 2026 | Major Key Players (ABB, CARGOTEC, Konecranes and ZPMC)

Market Overview:

According to Market Prognosis, the Global Automated container terminal market is accounted for $8.74 billion in 2017 and is expected to reach $13.08 billion by 2026 growing at a CAGR of 4.6%. Growing demand for large container ships, rising competition among container terminals and increasing labor cost in developed countries are some of the factors fueling the market growth. However, high initial cost for the implementation of automated container terminals and lack of support from trade unions are some of the factor restricting the market growth. Moreover, integration of IOT in terminal automation provides huge opportunity for the market.

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Automated container terminals use container handling equipment that requires no human interaction and can be operated using hardware, software, and terminal operating systems. The primary container terminal with full automation features became operational two decades. The container terminals are built with automated stacking cranes and some terminals use automated guided vehicle.

On the basics of degree of automation, semi-automated terminals segment accounted for the largest market share in the global market. As the investment required for building a semi-automated terminal is small and the performance of semi-automated terminals is increasing more quickly compare to the fully-automated terminals.

By Geography, Asia Pacific held largest market share during the forecast period. The terminal operators in Asia Pacific are switching to fully automated and semi-automated container terminals from traditional container terminals owing to various reasons. The primary motivation lies in terms of time and cost savings for the period of loading and unloading of containers.

Top Industry Players:

Some of the key players in the global automated container terminal market include ABB, CARGOTEC, Konecranes and ZPMC.

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Market Segments:

Degree of Automations Covered:
• Fully Automated Container Terminal
• Semi-Automated Container Terminal
Project Types Covered:
• Greenfield Projects
• Brownfield Projects
Offerings Covered:
• Software
• Services
• Equipment

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This release was published on openPR.