In 2023, the global automated container terminal market achieved a significant milestone, reaching a valuation of US$ 10 billion. Demand for automated container terminals is predicted to progress at a CAGR of 7.3% from 2023 to 2033.
The automated container terminal market value is expected to reach US$ 20.3 billion by 2033. This upsurge in demand signals a promising future for the global automated container terminal industry.
The dominant force behind the automated container terminal market’s growth is the rising demand for large container ships. The need for increased efficiency and time-saving measures is facilitating the adoption of automated container terminals. Major developing economies are enhancing their capital-intensive technologies by utilizing automated container terminals.
Intense competition among industry players is spurring continuous advancements in automated terminal manufacturing. This is leading to an array of lucrative opportunities for market expansion. Additionally, increased investments in research and development are expected to play a pivotal role in shaping the automated container terminal market trends.
Attribute | Details |
---|---|
Automated Container Terminal Market Size (2023) | US$ 10 billion |
Projected Automated Container Terminal Market Size (2033) | US$ 20.3 billion |
Value-based Automated Container Terminal Market CAGR (2023 to 2033) | 7.3% |
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Global demand for automated container terminals experienced robust growth with an impressive CAGR of approximately 8.3% from 2018 to 2022.
The automated container terminals market is projected to maintain its momentum, progressing at a CAGR of 7.3% over the forecast period. This positive trajectory is expected to result in a substantial absolute dollar opportunity of US$ 10.3 billion.
The escalating global demand for large cargo ships for enhanced efficiency and time-saving measures is further fueling the adoption of automated container terminals. Emerging economies are eagerly embracing automation to modernize their capital-intensive technologies. The amplifying sales of automated container terminals due to increased import and export activities are contributing to the growth of the market.
The expansion of seaports and maritime container terminals also plays a vital role in propelling product sales. The introduction of innovative smart technologies for ports and terminals is poised to create promising growth prospects for the automated container terminals market.
Technological advancements and improved customer service are key drivers driving the demand for automated container terminals. These terminals are more cost-effective compared to traditional ones and operate continuously with minimal worker input.
Automated container terminals leverage cutting-edge technologies such as cameras, sensors, and AI, which reduce the chances of accidents and human errors. This adoption of advanced technologies ensures safe and dependable operations.
The rise in global trade is a significant catalyst for the increasing demand for automated container terminals. These terminals handle more containers and provide higher throughput capacity. These factors make them highly desirable for efficiently managing the growing volume of international trade.
Automated container terminals are often designed with eco-friendly features and optimized processes, reducing energy consumption and greenhouse gas emissions. As businesses are prioritizing sustainability and environmentally conscious practices, sales for automated terminals are expected to rise.
Many regions are facing challenges with labor shortages in the logistics and shipping industry. Automated container terminals offer a solution by reducing the dependency on manual labor. They optimize workforce efficiency, mitigating the impact of labor fluctuations.
Automated container terminals play a vital role in smart supply chain ecosystems. Integration with other automated processes and technologies such as autonomous trucks, drones, and smart warehousing, creates a seamless and efficient flow of goods. This further drives the demand for automated terminals.
High initial investments are required for implementing automated systems. This poses a significant barrier to the automated container terminal market’s growth in developing regions.
The integration of automated technologies with existing infrastructure and legacy systems is complex. This creates a market-specific challenge that is time-consuming for stakeholders.
The limited availability of skilled labor in operating and maintaining automated terminal systems is a market-specific constraint. This negatively affects the automated container terminal market expansion.
Rising regulatory and compliance issues related to safety standards and environmental regulations are expected to impede the progress of the automated container terminal market.
The table below highlights revenue, growth rates, etc., of prominent markets in the global landscape.
The United States market and the market in China are projected to reach US$ 6.5 billion and US$ 1.6 billion, respectively, by 2033. The China automated container terminal market is expected to grow faster than the market in the United States over the forecast period.
Attribute | Details |
---|---|
United States Market Size (2033) | US$ 6.5 billion |
CAGR % from 2018 to 2022 | 6.8% |
CAGR % from 2023 to 2033 | 6.2% |
Attribute | Details |
---|---|
United Kingdom Market Size (2033) | US$ 1.0 billion |
CAGR % from 2018 to 2022 | 7.1% |
CAGR % from 2023 to 2033 | 6.5% |
Attribute | Details |
---|---|
China Market Size (2033) | US$ 1.6 billion |
CAGR % from 2018 to 2022 | 9.8% |
CAGR % from 2023 to 2033 | 8.2% |
Attribute | Details |
---|---|
Japan Market Size (2033) | US$ 1.3 billion |
CAGR % from 2018 to 2022 | 7.5% |
CAGR % from 2023 to 2033 | 6.7% |
Attribute | Details |
---|---|
South Korea Market Size (2033) | US$ 742.4 million |
CAGR % from 2018 to 2022 | 9.0% |
CAGR % from 2023 to 2033 | 7.7% |
The United States automated container terminal industry is projected to reach US$ 6.5 billion by 2033, moving forward at a CAGR of 6.2% from 2023 to 2033. The market exhibited a CAGR of 6.8% CAGR from 2018 to 2022.
The substantial expansion of the market is driven by various factors, such as the need to maintain competitiveness. The increasing demand for efficient and cost-effective container handling is also driving product sales in the United States. Rising investments in upgrading port infrastructure and high adoption of automation further drive the market.
Advancements in automation technology support the expansion of the United States market. Companies, including Orbcomm, are introducing novel solutions, such as the groundbreaking dry container, to improve supply chain efficiency and transparency.
China is projected to maintain its dominance as the major market for automated container terminals. The market is expected to reach US$ 1.6 billion by 2033.
Demand for automated container terminals in China is expected to witness impressive growth, with a CAGR of 8.2% from 2023 to 2033. The increasing number of container ports and the subsequent adoption of automation systems are driving the market in China.
Automation has become vital for enhancing terminal productivity and efficiency. This leads to increasing demand for container terminals across the country to embrace automation solutions. The development of advanced solutions in China further supports the expansion of the market. Companies based in China are introducing innovative solutions, such as the recent launch of the Deepwater Heavy-lift Pipelay vessel by ZPMC in January 2023.
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The demand for semi-automatic container terminals is rising globally. The semi-automation segment experienced a remarkable growth rate of 8% from 2018 to 2022. The segment is projected to grow at a 7.2% CAGR over the next ten years.
Top Automation | Semi-Automation |
---|---|
CAGR % from 2018 to 2022 | 8.0% |
CAGR % from 2023 to 2033 | 7.2% |
Semi-automated terminals hold a significant market share and are being adopted at an accelerating rate, compared to fully automated terminals. This trend is due to the cost-effectiveness of semi-automation, making it a preferred choice for terminal operators.
The market for semi-automatic terminals is expanding in emerging regions like Asia Pacific, South America, and Africa. The investment required for their construction is lower than that of fully automated ones in these regions.
The services segment witnessed a CAGR of 7.8% CAGR during the historical period. It is projected to grow at a 7.1% CAGR through 2033.
Top Product | Services |
---|---|
CAGR % from 2018 to 2022 | 7.8% |
CAGR % from 2023 to 2033 | 7.1% |
The global market is categorized into software, services, and equipment based on product. The services segment is expected to generate substantial revenues during the forecast period due to its crucial role in equipment functioning.
Cargo terminals heavily rely on equipment, making proper operation contingent on services. Even minor equipment flaws can significantly impact productivity at automated terminals.
The rising global demand for container terminal services is anticipated to drive lucrative revenues over the next decade.
The market for automated container terminals exhibits a highly competitive structure, characterized by numerous players vying for market share.
Major global terminal operators, technology providers, and logistics companies are actively involved in this dynamic market. The competition in the demand fo revolves around technological advancements, efficiency enhancements, and cost-effectiveness of solutions.
Key players in the automated container terminal market are continuously investing in research and development to introduce innovative automation technologies such as AI-driven systems, smart sensors, and autonomous equipment. Additionally, partnerships and collaborations between terminal operators and technology vendors are increasing their market presence.
As the demand for automated container terminals continues to grow, the competition is expected to intensify. This is expected to drive further innovations and advancements in the automated container terminal market.
Recent Developments in the Automated Container Terminal Market:
The automated container terminal market valued at US$ 10 billion in 2023.
The market for automated container terminals secured a CAGR of 8.3% from 2018 to 2022.
China's automated container terminal industry is projected to advance at a CAGR of 8.2% through 2033.
The semi-automation segment is likely to lead the market for automated container terminals.
The expected market size for automated container terminals is US$ 20.3 billion by 2033.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Automation 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Automation, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Automation, 2023 to 2033 5.3.1. Semi-Automation 5.3.2. Fully Automation 5.3.3. Quary Crane 5.4. Y-o-Y Growth Trend Analysis By Automation, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Automation, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Product, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product, 2023 to 2033 6.3.1. Software 6.3.2. Equipment 6.3.3. Services 6.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Project 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Project, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Project, 2023 to 2033 7.3.1. Greenfield Projects 7.3.2. Brownfield Projects 7.4. Y-o-Y Growth Trend Analysis By Project, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Project, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Automation 9.2.3. By Product 9.2.4. By Project 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Automation 9.3.3. By Product 9.3.4. By Project 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Automation 10.2.3. By Product 10.2.4. By Project 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Automation 10.3.3. By Product 10.3.4. By Project 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Automation 11.2.3. By Product 11.2.4. By Project 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Automation 11.3.3. By Product 11.3.4. By Project 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Singapore 12.2.1.5. Thailand 12.2.1.6. Indonesia 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Automation 12.2.3. By Product 12.2.4. By Project 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Automation 12.3.3. By Product 12.3.4. By Project 12.4. Key Takeaways 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Automation 13.2.3. By Product 13.2.4. By Project 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Automation 13.3.3. By Product 13.3.4. By Project 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2022 14.1.2.1. By Automation 14.1.2.2. By Product 14.1.2.3. By Project 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2022 14.2.2.1. By Automation 14.2.2.2. By Product 14.2.2.3. By Project 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2022 14.3.2.1. By Automation 14.3.2.2. By Product 14.3.2.3. By Project 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2022 14.4.2.1. By Automation 14.4.2.2. By Product 14.4.2.3. By Project 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2022 14.5.2.1. By Automation 14.5.2.2. By Product 14.5.2.3. By Project 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2022 14.6.2.1. By Automation 14.6.2.2. By Product 14.6.2.3. By Project 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2022 14.7.2.1. By Automation 14.7.2.2. By Product 14.7.2.3. By Project 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2022 14.8.2.1. By Automation 14.8.2.2. By Product 14.8.2.3. By Project 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2022 14.9.2.1. By Automation 14.9.2.2. By Product 14.9.2.3. By Project 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2022 14.10.2.1. By Automation 14.10.2.2. By Product 14.10.2.3. By Project 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2022 14.11.2.1. By Automation 14.11.2.2. By Product 14.11.2.3. By Project 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2022 14.12.2.1. By Automation 14.12.2.2. By Product 14.12.2.3. By Project 14.13. Singapore 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2022 14.13.2.1. By Automation 14.13.2.2. By Product 14.13.2.3. By Project 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2022 14.14.2.1. By Automation 14.14.2.2. By Product 14.14.2.3. By Project 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2022 14.15.2.1. By Automation 14.15.2.2. By Product 14.15.2.3. By Project 14.16. Australia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2022 14.16.2.1. By Automation 14.16.2.2. By Product 14.16.2.3. By Project 14.17. New Zealand 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2022 14.17.2.1. By Automation 14.17.2.2. By Product 14.17.2.3. By Project 14.18. GCC Countries 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2022 14.18.2.1. By Automation 14.18.2.2. By Product 14.18.2.3. By Project 14.19. South Africa 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2022 14.19.2.1. By Automation 14.19.2.2. By Product 14.19.2.3. By Project 14.20. Israel 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2022 14.20.2.1. By Automation 14.20.2.2. By Product 14.20.2.3. By Project 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Automation 15.3.3. By Product 15.3.4. By Project 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Cargotec 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.2. Konecranes 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.3. ZPMC 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.4. Liebherr 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.5. ABB 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.6. Künz 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.7. Cyberlogitec 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.8. Camco Technologies 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.9. IDENTEC Solutions 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.10. ORBCOMM 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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