PUBLISHER: The Business Research Company | PRODUCT CODE: 1455393
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455393
An automated container terminal (ACT) entails the application of computerized systems to oversee the movement of containers within a port or terminal, with the objective of enhancing efficiency and productivity through the reduction of time and costs associated with manual handling processes.
The primary components of automated container terminals are software, equipment, and services. Software encompasses a set of instructions or programs facilitating a computer or computing device to execute specific tasks. Various projects fall under this category, including greenfield projects and brownfield projects, each equipped with different automation types such as semi-automation, full automation, and quay crane automation.
The automated container terminal market research report is one of a series of new reports from The Business Research Company that provides automated container terminal market statistics, including automated container terminal industry global market size, regional shares, competitors with automated container terminal market share, detailed automated container terminal market segments, market trends, and opportunities, and any further data you may need to thrive in the automated container terminal industry. This automated container terminal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed growth in the historic period can be attributed to factors such as the pursuit of operational efficiency, optimization of labor resources for cost reduction, the rise in container traffic, heightened concerns for safety and security, and competitive pressures within the industry.
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 anticipated growth in the forecast period can be attributed to advancements in artificial intelligence (AI), the integration of 5G connectivity and the Internet of Things (IoT), the adoption of autonomous vehicles and drones, the expansion of global trade, and the utilization of data analytics for predictive maintenance. Noteworthy trends in the forecast period encompass the integration with smart port technologies, technological advancements in robotics, the application of blockchain for enhanced supply chain visibility, the implementation of digital twin technology, and a heightened focus on environmental sustainability.
The anticipated rise in the number of container ports is set to drive the growth of the automated container terminal market in the foreseeable future. A container port, also referred to as a container terminal, facilitates the transfer of cargo containers between different transport vehicles for onward transportation. Automated container terminals, compared to conventional manual terminals, offer heightened efficiency and throughput. These automated systems exhibit the capacity to manage containers with greater speed and precision, resulting in accelerated ship turnaround times and increased terminal capacity. Given the continuous expansion of global trade, there is a growing demand for container terminals that combine efficiency with the ability to handle high throughput. According to the United Nations Conference on Trade and Development's Handbook 2023, global ports managed 851.1 million twenty-foot equivalent units (TEUs) of containers in 2021, marking a 7% increase from 2020. Consequently, the rising number of container ports serves as a driving force behind the growth of the automated container terminal market.
Key players in the automated container terminal market are strategically developing innovative technological products, such as Termina, to enhance their competitiveness and profitability in the market. Terminal 7, Taiwan's premier fully automatic container terminal, was officially inaugurated in August 2023 by Evergreen Marine Corporation, a UK-based appliance company. Terminal 7 incorporates cutting-edge technology, including Internet of Things (IoT) information networks spanning the facility, optical fiber connectivity, 5G communication systems, and remote-controlled gantry cranes. Tailored to handle mega container ships, including Evergreen's 24,000-TEU vessels and future 24 methanol-fueled 16,000-TEU vessels, Terminal 7 signifies a significant advancement in automated and intelligent container terminals. Its installation is expected to have a positive impact on the region's shipping-related economy, enhancing operational effectiveness.
In September 2022, CMA CGM Group, a France-based shipping and logistics company, completed the acquisition of Global Container Terminals (GCT) Bayonne for an undisclosed amount. This strategic move expands CMA CGM's U.S. East Coast footprint, solidifying its position as a global terminal operator. The acquisition includes substantial investment plans to enhance infrastructure at these terminals, with the anticipation of boosting terminal capacity by over 50% in the next decade. Global Container Terminals (GCT) is a US-based container terminal.
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, Terex 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, Kunz GmbH
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 countries covered in the automated container terminal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The automated container terminal market includes revenues earned by entities by providing services such as maintenance and repair, data analytics and control, equipment operation, software support, software support, training, and consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated container terminal market also includes the sales of robotic cranes, automated guided vehicles, computerized control systems, real-time data analytics, sensors, artificial intelligence, artificial intelligence, internet of things, maintenance and repair, software support, training, and consulting. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automated Container Terminal Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automated container terminal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automated container terminal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automated container terminal market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.