LONDON--(BUSINESS WIRE)--The global automated container terminal market is expected to grow at an impressive CAGR of 25% during the forecast period, according to Technavio’s latest market research.
In this market research report, Technavio covers the market outlook and growth prospects of the global automated container terminal market for 2017-2021. The global automated container terminal market is segmented on the degree of automation into semi-automated and fully-automated systems, of which the fully automated container segment accounted for more than 51%.
“Automated container terminals are cleaner, safer, and quieter than conventional terminals, and they deliver containers much faster than fully manned terminals. Also, harmful diesel emissions are lowered because electricity and batteries power the cargo-handling equipment,” says Bharath Kanniappan, a lead automation research expert from Technavio.
Technavio’s industrial automation research analysts segment the global automated container terminal market into the following regions:
- APAC
- EMEA
- Americas
Automated container terminal market in APAC
The automated container terminal market in APAC is expected to grow steadily during the forecast period because developing nations are investing significantly in automation. Though the slowdown in the Chinese economy has impacted the container terminal market, other developing nations, such as Malaysia, Indonesia, Vietnam, and India, will boost market demand.
The terminal operators in APAC are switching to fully automated and semi-automated container terminals from traditional container terminals due to various reasons. The primary motivation lies in terms of time and cost savings during the loading and unloading of containers. Greenfield and brownfield projects in developing nations like Indonesia and the Philippines will further help to develop the market in APAC.
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Automated container terminal market in EMEA
The automated container terminal market in EMEA is expected to grow steadily during the forecast period because of the increasing investments in African and the Middle East countries. The need to increase productivity is encouraging even developed countries to invest in brownfield projects.
Developing nations such as Morocco, Nigeria, Qatar, and Oman, are investing in automation of future projects, which will boost operations and increase the market demand for automated container terminal market.
Automated container terminal market in Americas
The key countries with growth in this market are the US, followed by Brazil, Argentina, and Canada. The US has automated port terminals in both the western and eastern coasts. Projects in the Los Angeles port, New York port, and in the port of Virginia will support the growth of the market in this region.
“Terminal operators seek time and cost savings during the loading and unloading of containers. Hence, to increase operational efficiency, terminal operators opt for automation of container terminals,” says Bharath.
The top vendors in the global automated container terminal market as highlighted in this market research analysis are:
- ABB
- CARGOTEC
- Konecranes
- ZPMC
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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