DUBLIN--(BUSINESS WIRE)--The "Automated Container Terminal Market by Degree of Automation (Semi-Automated and Fully Automated), Project Type (Brownfield and Greenfield), Offering (Equipment, Software, and Services), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The overall automated container terminal market is estimated to grow from USD 9.09 Billion in 2018 to USD 10.89 Billion by 2023, at a CAGR of 3.7% between 2018 and 2023.
In existing as well as new terminals, services are important for the proper functioning of equipment. In automated terminals, even a minor defect in any equipment can cause a serious productivity loss. Leading players in the automated container terminal market are focused on expanding their service network to increase the service revenue. Thus, the service contracts are increasing in number, thereby driving the growth of the market for the same. However, the requirement of high initial cost for the implementation of automated container terminals is the major restraining factor for the growth of the automated container terminal market.
The revenue contributed by the brownfield projects is expected to hold a significant share of the automated container terminal market during the forecast period. Increasing number of stringent government regulations in developed regions, such as North America and Europe, for the construction of new terminals is expected to encourage the growth of the market for brownfield terminals. Further, the need to increase productivity is encouraging the developed countries to invest in brownfield projects.
Moreover, the report profiles the key players in the automated container terminal market and analyzes their market ranking. The prominent players profiled in this report are Cargotec (Finland), Konecranes (Finland), ZPMC (China), Liebherr (Switzerland), ABB (Switzerland), Knz (Austria), CyberLogitec (South Korea), IDENTEC SOLUTIONS (Austria), Camco Technologies (Belgium), and ORBCOMM (US).
- Growing Demand for Large Container Ships
- Increasing Labor Cost in Developed Countries
- Growing Competition Among Container Terminals
- The Requirement of High Initial Cost for the Implementation of Automated Container Terminals
- Integration of IoT in Terminal Automation
- The Complexity Involved in Terminal Automation
- Lack of Support From Trade Unions
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Tracking Solutions Market for Ports and Terminals
7 Automated Container Terminal Market, By Degree of Automation
8 Automated Container Terminal Market, By Project Type
9 Automated Container Terminal Market, By Offering
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Camco Technologies
- Identec Solutions
- Inform Software
- Infyz Solutions
- Orbita Ports&Terminals
- Starcomm Systems
- Tidework Technology
- Total Soft Bank (TSB)
- World Crane Services
For more information about this report visit https://www.researchandmarkets.com/research/hvsmdt/global_automated?w=4