Automated Container Terminal Market - Forecasts from 2018 to 2023

The automated container terminal market is projected to grow at a CAGR of 3.30% over the forecast period of 2017-2023. Automated container terminal refers to a situation where the tasks performed by manual labour are replaced by a set of pre-defined operations which result in an improvement in operational safety and organization. The use of automation at container terminals increases the level of customer satisfaction by reducing the overall downtime and maximizing operational efficiency. In addition, the overall operational cost of the port is reduced owing to lower labour cost. Hence, cost-effectiveness and customer satisfaction are the major factors driving the demand for automated container terminal solutions. However, the high cost associated with the implementation of these solutions will restrict the growing demand for these solutions throughout the forecast period.

By component, the automated container terminal market has been segmented into hardware, software and services. Hardware accounted for a considerable market share owing to the adoption of port automation for brownfield projects. Set up of new terminals will result in increasing demand for various services including maintenance, consultancy, and integration among others, boosting the demand for port automation services. Renewal and upgradation of software will drive its demand over the forecast period.

By geography, the automated container terminal market has been segmented as North America, South America, Europe, Middle East and Africa and the Asia Pacific. Each region has been further segmented into major countries of their respective regions. The Asia Pacific region held a significant market share and is projected to grow at a considerable rate owing to the presence of major marine ports, increasing expenditure on port automation by market players and increasing raw materials demand to boost manufacturing activities in the coming years.

Major industry players profiled as part of the report are CERTUS Port Automation, ABB, Automated Port Solutions, Cargotec, Identec Solutions, and Konecranes among others.

Segmentation

The automated container terminal market has been analyzed through the following segments:

By Project Type

Brownfield Project
Greenfield Project

By Component

Hardware
Software
Services

By Solutions

Gate Operations
Crane Operations
Inspection Services
System Integration
Others

By Geography

North America

US
Canada
Mexico
Others

South America
Brazil
Others

Europe
The Netherlands
Belgium
Germany
Spain
Others

Middle East and Africa
UAE
Turkey
South Africa
Others

Asia Pacific
China
India
Japan
South Korea
Others