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Automated Container Terminal Market Trends, Share, Growth, Key Manufacturers, Analysis And Future Outlook 2024-2033
Automated Container Terminal Market Trends
Automated Container Terminal Global Market Report 2024 Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $15.33 billion In 2028 At A CAGR Of 4.2%
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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Automated Container Terminal Global Market Report 2024 Market Major Segments
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
Key Driver - The Role of Increasing Container Ports in the Automated Container Terminal Market
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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Prominent Trend - Innovative Technology in Automated Container Terminals Market with Terminal 7 at Kaohsiung Port
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.
Automated Container Terminal Global Market Report 2024 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, Tere*x Corporation, 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the automated container terminal market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated container terminal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automated Container Terminal Global Market Report 2024 Market Report Structure
3. Automated Container Terminal Global Market Report 2024 Market Trends And Strategies
4. Automated Container Terminal Global Market Report 2024 Market - Macro Economic Scenario
5. Automated Container Terminal Global Market Report 2024 Market Size And Growth
…..
27. Automated Container Terminal Global Market Report 2024 Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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