The automated container terminal market is expected to grow at a CAGR of 3.7% between 2017 and 2023, to reach USD 10.89 billion by 2023 from USD 9.09 billion in 2018. In existing as well as new terminals, services are important for proper functioning of equipment. Leading players in automated container terminal market are focused on expanding their service network to increase service revenue.
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The revenue contributed by the brown field projects is expected to hold a significant share of the automated container terminal market during the forecast period. Increasing number of stringent government regulations in developed regions, such as North America and Europe, for the construction of new terminals is expected to encourage the growth of the market for brown field terminals.
Key Target Audience:
- Manufacturing associations and industrial bodies
- Component suppliers and distributors
- End users of automated container terminal equipment and solutions
- Government bodies such as regulatory authorities and policymakers
- Industrial automation equipment providers
- Market research and consulting firms
- Original equipment manufacturers (OEMs)
The automated container terminal market in APAC is expected to grow at the highest CAGR between 2018 and 2023.
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The developing nations in APAC are significantly investing in automation. The terminal operators in APAC are switching to fully automated and semi-automated container terminals from traditional container terminals due to the increasing maritime transportation and trade in APAC.
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Increasing investments by port operators for adoption of advanced port equipment and solutions is another factor driving the market growth. increasing investment in greenfield projects in region further encourages the growth of market in APAC.
In process of determining and verifying the size of market for several segments and sub segments estimated through secondary research, extensive primary interviews have been conducted with key officials in automated container terminal market.
Following is the break-up of the primary participants for the report:
- By Company Type: Tier 1 =50 %, Tier 2 = 30%, and Tier 3 = 20%
- By Designation: C-Level Executives =70%, Directors = 20%, and Others = 10%
- By Region: North America=40%, Europe =35%, APAC =15%, and RoW = 10%
The prominent players profiled in this report are Cargotec (Finland) , Konecranes (Finland), ZPMC (China), Liebherr (Switzerland), ABB (Switzerland), Künz (Austria), CyberLogitec (South Korea), IDENTEC SOLUTIONS (Austria), Camco Technologies (Belgium), and ORBCOMM (US).
This research report categorizes the automated container terminal market on the basis of the degree of automation, project type, offering, and geography. Moreover, the report provides a description of the major drivers, restraints, challenges, and opportunities pertaining to this market as well as the value chain analysis and market ranking analysis.
The research methodology used to estimate and forecast the automated container terminal market begins with obtaining data on key vendor revenues through secondary research. Some secondary sources used in this research include journals and databases such as IEEE journals, Port Technology International (PTI) journal and magazines, Factiva, Hoovers, and OneSource.
Moreover, vendor offerings have been taken into consideration to determine the market segmentation.
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