Automated Container Terminal Market is expected to rise from its initial estimated value of USD 9.26 billion in 2018 to an estimated value of USD 12.50 billion by 2026 registering a CAGR of 3.82% in the forecast period of 2019-2026. The growth in this market is getting increased as the demand for large container ships is increasing. The Global Automated Container Terminal Market: By Degree of Automation (Semi-Automated Container Terminal, Fully Automated Container Terminal), Project Type (Brownfield Projects, Greenfield Projects), Offering (Equipment, Software & Services) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Market Competitors: Global Automated Container Terminal Market
Few of the major market competitors currently working in the global automated container terminal market are
- Cargotec Corporation,
- Shanghai Zhenhua Heavy Industries Co., Ltd.,
- Künz GmbH,
- IDENTEC SOLUTIONS,
- Among others.
Key Developments in the Market:
- In March, 2019, ORBOCOMM unveiled next-generation tracking solution, solar-powered GT 1200 series of devices, in order to increase container visibility.
- In October, 2018, Konecranes has been selected for the supply of Automated Stacking Crane (ASC) system for the Khalifa Port Container Terminal (KPCT)’s container terminal in Khalifa Port.
- In September, 2017, Cargotec’s parts Kalmar and Navis delivered and deployed the world’s first fully automated container terminal, OneTerminal automation solution, to the International Container Terminal Services in Melbourne, Australia.
- Increasing demand for large container ships
- Increasing automation in developed countries due to increased labor cost
- High competition among container terminals
- Budget constraint for initial investment
Objective of the Report
- To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the Global Automated Container Terminal Market
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Global Automated Container Terminal Market.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Automated Container Terminal Market
- The key findings and recommendations highlight crucial progressive industry trends in the Automated Container Terminal Market, thereby allowing players to develop effective long term strategies
- To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
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Market Definition: Global Automated Container Terminal Market
An automated container terminal runs as an automated process of discharging of transports, ships and yard equipment operations of ships. It is composed of automation of equipment for hardware and terminal operating system (TOS) for software. Automation which is limited to software is called manned automation, while automation which needs hardware as well, is called unmanned automation.
Segmentation: Global Automated Container Terminal Market
By Degree of Automation
- Semi-Automated Container Terminal
- Fully Automated Container Terminal
By Project Type
- Brownfield Projects
- Greenfield Projects
- North America
- South America
- Middle East and Africa
Competitive Analysis: Global Automated Container Terminal Market
The global automated container terminal market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of automated container terminal market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Data Bridge Market Research