PUBLISHER: Grand View Research | PRODUCT CODE: 1530154
PUBLISHER: Grand View Research | PRODUCT CODE: 1530154
Automated Container Terminal Market Trends
The global automated container terminal market size was estimated at USD 10.89 billion in 2023 and is expected to grow a CAGR of 7.8% from 2024 to 2030. An automated container terminal is a port facility where container handling processes are managed and operated using advanced automation technologies and robotics, minimizing human intervention to enhance efficiency, safety, and productivity. The market is growing significantly due to factors such as increasing demand for efficient port operations, rising container traffic and trade volumes, advancements in automation and robotics technology, and the need to reduce operational costs and increase productivity.
The global increase in maritime trade has put pressure on ports to operate more efficiently. Efficient port operations are crucial to minimize vessel turnaround times, thus reducing waiting periods and improving overall logistics. Automated container terminals enhance operational efficiency by streamlining container handling processes through advanced technology. This demand is driven by the need to manage larger ships and higher cargo volumes effectively. Efficient port operations also help in mitigating congestion, which can lead to significant cost savings and improved service levels. The automation of port operations reduces human intervention, minimizing errors and increasing throughput. Ports that adopt automation technology can gain a competitive advantage by providing faster, more reliable services to shipping companies and other stakeholders.
Globalization and the expansion of international trade have led to a steady increase in container traffic and trade volumes. As economies grow and consumer demand rises, the volume of goods transported via containers continues to escalate. Automated container terminals are essential to handle the growing number of containers efficiently and effectively. The rise in container traffic necessitates the adoption of advanced technologies to maintain smooth operations and avoid bottlenecks. Automation helps in managing the higher workload by enhancing the speed and accuracy of container handling. The increased container traffic also requires better space utilization within ports, which can be achieved through automated storage and retrieval systems. As trade volumes grow, the investment in automated solutions becomes a strategic priority for ports aiming to maintain high performance and service levels.
Global Automated Container Terminal Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global automated container terminal market report based on type of automation, offering, project, and region:
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
KSA
UAE
South Africa