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Automated Container Terminal Market Size & Share, by Automation (Semi-Automation, Fully Automation, Quay Crane); Product (Software, Equipment, Services); Project (Greenfield Projects, Brownfield Projects) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5281
  • Published Date: Sep 28, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024 - 2036

Automated Container Terminal Market size is projected to surpass USD 21 billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of automated container terminal was around USD 11 billion. The growth of the market is set to be influenced by growth in maritime trade. More than 80% of products traded internationally are transported by sea, and this proportion is significantly higher for the majority of developing nations. Hence, the marker revenue is set to expand since it makes it easy to transfer large goods into the ships.

However, owing to the growing people’s consumer demand the size of ships is expanding in order to satisfy their demand. Hence, automation would lessen demurrage and detention, minimize port storage fees, and assist prevent port congestion. Therefore, owing to this the market is predicted to develop even more further over coming years.

Automated Container Terminal Market
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Automated Container Terminal Sector: Growth Drivers and Challenges

Growth Drivers

  • Urge to Reduce Labor Forces: Since automation essentially eliminates the requirement for manual labor in manual procedures, container ports that have started automating see a reduction in labor costs. These procedures, that once required a large number of men to execute, are currently able to be carried out by a single person in a control tower. Automation aids in accomplishing goals such as decreasing the risk of human error and cutting down on the labor. Automated work processes are quicker and more reliable, which makes them less error-prone.
  • Surge in Need to Reduce Carbon Emission: Shipping is crucial to global trade, however regrettably, it uses fossil fuels, which release dangerous greenhouse gases (GHG). About 939 MtCO2 of the global CO2 emissions, or approximately 3%, are caused by the process of shipping every year. Hence, owing to the growing climate change concern the need to reduce emission wherever its possible is growing. Automated container terminals maximize efficiency, preventing empty runs by AGVs as an instance of how this reduces the carbon footprint of the shipping industry.
  • Growing Government Initiatives: Many governments across the world are funding port modernization and infrastructure development projects. These projects seek to make each of the ports more competitive and meet the increasing need for container handling. Hence, this could further influence the market expansion.

Challenges

  • High Investment Cost Needed for Automated Container Terminal - Many terminal operators, particularly in developing countries, face a considerable obstacle due to the large initial expenditure necessary to deploy automated systems. Hence, organization prefer sticking to the traditional method of handling container. Therefore, this factor is projected to restrain the market expansion.
  • Lack of Availability of Skilled Labor in Automated Field
  • Complex Handling System of Automated Container Terminal

Automated Container Terminal Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~8%

Base Year Market Size (2023)

~ USD 11 Billion

Forecast Year Market Size (2036)

~ USD 21 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Automated Container Terminal Segmentation

Automation (Semi-Automation, Fully Automation, Quay Crane)

The fully automation segment in the automated container terminal market is projected to garner the highest share of about 60% over the forecast period. There has been surge in adoption of technology such AI and ML (machine learning) which is further converting the process fully automated hence reducing the labor need. Moreover, labor working in this industry are prone to accidents owing to which fully automated solution is gaining more preference. 

Product (Software, Equipment, Services)

The equipment segment is expected to generate the largest share of about 50% over the forecast period. This encompasses a range of automated equipment and infrastructure needed to properly handle containers, including automated guided vehicles (AGV), automated stacking cranes, and terminal operating systems (TOS).

Our in-depth analysis of the global market includes the following segments:

                       Automation
  • Semi-Automation
  • Fully Automation
  • Quay Crane

                      Product
  • Software
  • Equipment
  • Services

                     Project
  • Greenfield Projects
  • Brownfield Projects

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Automated Container Terminal Industry- Regional Synopsis

North American Marker Forecast

The North America automated container terminal market is poised to hold the largest revenue share of about 30% over the forecast period. The major element influencing market growth in this region is growing adoption of robots. North American installations was predicted to expand by about 16% to over 42,000 units in 2021. Hence, the deployment of robots in shipping industry is also growing. Consequently, the market for automated container terminal is set to grow in this region.

APAC Market Analysis

The automated container terminal market in Asia Pacific is also set to have notable growth over the coming years. The demand for essential products is largely met by imports in the developing nations of Asia Pacific. Food, gasoline, medicine, and useful resources including industrial machinery and appliances are among the major imports that are transported mostly by sea. As a result, the market is slated to rise in this region.

Research Nester
Automated Container Terminal Market size
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Companies Dominating the Automated Container Terminal Landscape

top-features-companies
    • APM Terminals 
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • DP World Limited
    • Port of Hamburg Marketing
    • Port of Los Angeles
    • Port of Long Beach
    • Port of Barcelona
    • Busan Port Authority
    • Cargotec Corporation
    • Konecranes
    • Liebherr-International Deutschland GmbH

In the News

  • ZPMC provided two more automated straddle carriers to APM Terminals as part of a groundbreaking pilot project in a real terminal setting at the yard in Aarhus. In this situation, they will work with the basic prototype, which was already unveiled at the start of 2022.
  • The premier smart trade enabler, DP World Limited, UAE Region, has announced that ZODIAC, a terminal operating system (TOS), has been fully implemented in Jebel Ali Port's Container Terminal 3 (CT3). The action is a further step towards achieving the goal of DP World, UAE Region, which is to be a leader in smart transformation in its ports and logistics hub. The fully automated system has cutting-edge methods for remote management of the port's assets.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5281
  • Published Date: Sep 28, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are urge to reduce labor forces, surge in need to reduce carbon emission, and growing government initiatives.

The market size of automated container terminal is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024 – 2036.

The major players in the market are APM Terminals, DP World Limited, Port of Hamburg Marketing, Port of Los Angeles, and others.

The fully automation segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Automated Container Terminal Market Report Scope

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