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Automated Container Terminal Market by Automation (Semi-Automation, Fully Automation, Quay Crane)
The Global Automated Container Terminal Market reached US$ 10 billion in 2022. Between 2022 and 2032, global automated container terminals demand will soar at 7.3% CAGR. By 2032, the worldwide automated container terminal market value will cross US$ 20.3 billion.
Semi-automation category is forecast to generate lucrative revenues over the next ten years. The target segment will progress at 7.2% CAGR from 2022 to 2032. This is inexpensive nature of semi-automated container terminal technologies compared to fully automated ones.
Key Factors Propelling Automated Container Terminal Demand:
Automation has become a potential technology to increase productivity and enhance operational efficiency. It also improves workplace safety and reduces overall costs. Hence, several businesses are embracing it and container ports are no exception.
Automated container terminals are terminals or ports that use computerized systems and other automatic equipment to manage container terminal operations. They integrate various automated container terminal technologies in their facilities.
Container terminal automation (CTA) refers to the usage of advanced automation systems to manage the movement of containers within a terminal or port. Today, various ports are embracing novel automated container terminal technology by using various automation equipment and information systems.
Adoption of automation helps ports to facilitate transshipment of loaded containers between different transport vehicles. It makes use of real time data and advanced software to perform various operations in terminals.
Automation systems enable remote operations. Hence, it significantly reduces human intervention. Solutions such as intelligent automatic stacking cranes (ASC) are gaining traction. Similarly, STS crane automation and remote control of STC cranes are key trends observed in the market.
Growing usage of automation in equipment handling systems and other equipment across ports will boost sales. Similarly, rising number of container terminals is set to generate growth prospects for the market.
Key advantages of automation in container terminals:
Adoption of automation also helps ports to meet the challenge of bigger ships and taller cranes. Thanks to these above-mentioned advantages of automation, more and more terminals are incorporating a new generation of automated container terminal technologies.
For instance, in July 2022, the Port of Nanhsa unveiled its fully automated terminal. Its new automated container terminal features self-driving trucks and fully automated gantry cranes.
Asia Pacific currently dominates the worldwide automated container industry. Over the next ten years, Asia Pacific market will register a robust growth rate. It will hold a prominent share of the global market by the end of 2032.
Growing adoption of automation across ports and rise in import/export business are driving Asia Pacific market. Further, rising government initiatives and investments in developing and upgrading port infrastructure will bode well for the market.
| Attributes | Key Insights |
|---|---|
| Automated Container Terminal Market Size (2023) | US$ 10 billion |
| Projected Market Value (2032) | US$ 20.3 billion |
| Value-based CAGR (2022 to 2032) | 7.3% |
| USA Market Growth Rate (2022 to 2032) | 6.1% |
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Global automated container terminal demand grew at around 8.3% CAGR from 2017 to 2021. For the next ten years, the global market is set to progress at 7.3% CAGR. As per Persistence Market Research, the worldwide market will generate an absolute $ opportunity of US$ 10.3 billion.
The global market will be driven by increasing demand for large cargo ships worldwide. Demand for automated container terminals will also increase as a result of the need to work more efficiently and without wasting time.
Emerging nations are embracing automation with open arms as they focus to upgrade their capital-intensive technologies. Subsequently, rising import and export activities will elevate demand for automated container terminals.
Another key factor that will boost sales is the expansion of seaports or maritime container terminals. Besides this, introduction of new smart technologies for ports and terminals is likely to create growth prospects for the market.
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Get a Customized VersionKey factors that are increasing demand for automated container terminals are technological advancements and improved customer service. Automated container terminals are more cost-effective than traditional container terminals. This is because they can run continuously and with minimal worker input.
Automated container terminals reduce the chance of accidents and human mistakes by using cutting-edge technologies. This includes cameras, sensors, and artificial intelligence.
Adoption of these technologies helps them to assure safe and dependable operations. They perform most of the terminal container operations.
Rise in global trade will increase automated container terminal demand. This is because they can handle more containers and have a higher throughput capacity.
The factors restraining the market of automated container terminals are the high initial costs and technical challenges. Construction and operation of an automated container port are quite expensive.
Smaller businesses find this to be a considerable barrier to entry, and even bigger businesses may be wary of making such a sizable investment. This in turn limits market expansion.
Automated container terminal deployment is still comparatively limited due to worries about possible dangers and uncertainties. Various businesses are reluctant to adopt new technology.
Automated container terminals need extensive administration and operations. More maintenance expenditures and education needs may result from this. These terminals rely on cutting-edge technologies such as machine learning and artificial intelligence. High level of technological complexity of these systems makes them difficult to construct and operate.
Significant infrastructural improvements and alterations are needed to construct an automated container terminal. Certain ports and terminals find this difficult since they lack the funding for such renovations. This acts as an impediment to market development.
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How is the United States of America Automated Container Terminal Market Shaping?
The United States automated container terminal market is projected to reach US$ 3 billion in 2032. It will create an absolute $ growth of US$ 1.3 billion over the next decade. From 2017 to 2021, the United States of America market exhibited a CAGR of 5.2%. For the projection period, automated container demand in the United States of America will rise at 6.1% CAGR.
The market for automated container terminals has been expanding substantially in the United States of America during the past few years. Several causes are causing this increase. This includes the necessity to maintain competition in the worldwide market and rising need for effective and economical container handling.
Rising investments in upgrading port infrastructure and high adoption of automation will further boost sales in the country.
Advancements in automation technology will also support expansion of the United States of America market. Various United States of America-based companies are introducing novel solutions for container terminals. For instance, in November 2022, Orbcomm introduced a ground-breaking dry container solution. This container will help to supply chains more efficiently and transparently.
What Makes China a Dominant Automated Container Terminal Market?
As per Persistence Market Research, China will remain the most dominant market for automated container terminals. China automated container terminal market is forecast to reach US$ 5.4 billion in 2032.
China will generate an absolute $ opportunity of US$ 3 billion during the assessment period. Overall demand for automated container terminals in China grew at 10.4% CAGR from 2017 to 2021. For the next decade, China market will exhibit a CAGR of 8.8%
Increasing number of container ports and subsequent adoption of automation in these ports is driving China market. Automation has become essential to boost container terminal productivity and efficiency. Hence, container terminals across China are embracing automation.
Similarly, development of advanced solutions will support market expansion. New innovative solutions are being introduced by China-based companies. For instance, in January 2023, the Deepwater Heavy-lift Pipelay vessel was launched by ZPMC.
Which is Demand for Semi-automatic Terminal Rising Globally?
As per Persistence Market Research, demand will remain high for semi-automatic container terminals. The semi-automation segment grew at a CAGR of 8.1% from 2017 to 2021. Over the next ten years, it is likely to rise at around 7.2% CAGR.
Depending on the level of automation, semi-automated terminals account for a prominent share of the market. Semi-automated terminal adoption is accelerating in comparison to fully automated terminal adoption. This is because a semi-automated terminal is built for less money than a fully automated terminal.
The market for these terminals is expanding in emerging nations such as Asia Pacific, South America, and Africa as investment needed for building them is lower than fully automated ones.
Which Product Will Generate Most Revenues for the Automated Container Terminal Industry?
Based on product, the global market is segmented into software, services, and equipment. Services segment is likely to generate lucrative revenues in the market through 2032. This is because services are crucial for the proper functioning of equipment.
From 2017 to 2021, revenues in services segment grew at around 7.9% CAGR. For the projection period, the target segment will thrive at 7.1% CAGR.
Cargo terminal uses the most equipment possible. The correct operation of equipment depends on services. Any equipment flaw, no matter how little, can seriously reduce productivity at automated terminals. As a result, there are more service contracts available, which is causing the market for them to expand.
Rising demand for container terminal services worldwide will generate lucrative revenues over the next ten years.
Leading players are introducing new automatic solutions for container terminals. They are also adopting strategies such as mergers, alliances, collaborations, partnerships, and acquisitions to stay ahead of the competition.
Recent Developments:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 20.3 billion |
| Projected Market Size (2032) | US$ 10.0 billion |
| Anticipated Growth Rate (2022 to 2032) | 7.3% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
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By Automation:
By Product:
By Project:
By Region:
The automated container terminal market size reached US$ 9.3 billion in 2021.
The global market is currently valued at US$ 10.0 billion.
The global automated container terminal industry is set to reach a valuation of US$ 20.3 billion by 2032.
The global market for automated container terminals expanded at 8.3% CAGR over the last 4 years.
Global automated container terminal demand will surge at 7.3% CAGR from 2022 to 2032.
The services segment is likely to garner a significant value share by 2022.
The United Kingdom market is set to reach a valuation of US$ 502.6 million by 2032.
Automated container terminal demand in Korea and Japan will rise at 7.8% and 7.5% CAGRs respectively.
