Press release
Global Automated Container Terminal Market Growth Prospects, Future Industry Landscape 2033 | Siemens AG, Cyberlogitec, ABB Ltd., Emerson Electric Co., Nidec ASI, Liebherr Group
Automated Container Terminal Global Market Report 2024
The Business Research Company presents an extensive market research report on the Automated Container Terminal Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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.
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Key Market Players:
Major companies operating in the automated container terminal market report are Siemens AG, Cyberlogitec, ABB Ltd., Emerson Electric Co., Nidec ASI, Liebherr Group, DP World Limited, Deutschland GmbH, Konecranes, Port of Hamburg Marketing, COSCO SHIPPING Ports Limited, JBT Corporation, ORBCOMM, Cargotec Corporation, Port Of Los Angeles, Shanghai Zhenhua Heavy Industries Co. Ltd., Port of Barcelona, INFORM GmbH, Port of Long Beach, Camco Technologies, IDENTEC Solutions, TBA Group, APM Terminals, Künz GmbH
Market Drivers:
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.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/automated-container-terminal -global-market-report
The automated container terminal market covered in this report is segmented -
1) By Product: Software, Equipment, Services
2) By Project: Greenfield Projects, Brownfield Projects
3) By Automation: Semi Automation, Fully Automation, Quary Crane
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