Automated Container Terminal Market Size

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.