Automated Container Terminal Market by Product and Geography - Forecast and Analysis 2021-2025

The automated container terminal market share is expected to increase by USD 626.5 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 1.69%.

This automated container terminal market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automated container terminal market segmentation by product (equipment and software) and geography (APAC, Europe, North America, South America, and MEA). The automated container terminal market report also offers information on several market vendors, including ABB Ltd., Camco Technologies, Cargotec Corp., CyberLogitec Co. Ltd., Identec Group AG, Konecranes Plc, Künz GmbH, LOGSTAR ERP, ORBCOMM Inc., and Shanghai Zhenhua Heavy Industries Co. Ltd. among others.

What will the Automated Container Terminal Market Size be During the Forecast Period?

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Automated Container Terminal Market: Key Drivers, Trends, and Challenges

The growth in automated container terminals in emerging markets is notably driving the automated container terminal market growth, although factors such as high capital investment and maintenance costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automated container terminal industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automated Container Terminal Market Driver

Growth in automated container terminals in emerging markets is one of the key drivers of the automated container terminal market growth. Emerging economies such as Brazil, India, and China have been major contributors to global seaborne trade. The growing prominence of these countries in global trade is reflected in the modernization of their container terminals as well.  For instance, in 2017, the Qingdao New Qianwan Container Terminal in China became Asia's first fully automated port terminal. In the same year, China started trial operations at the Yangshan Deep Water Port in Shanghai, which is the world's largest fully automated terminal. As part of this initiative, China is investing heavily in ports, roads, and other infrastructure across Asia, Europe, and South America. Brazil has also invested heavily in container terminal automation between 2017 and 2019, with major terminals such as Tecon Rio Grande and Tecon Salvador undergoing automation upgrades in equipment and software. Also, investments worth $123 billion were announced in 2017 in greenfield and brownfield ventures involving 415 port projects across the country. The container terminal automation in these rapidly growing economies is expected to drive the growth of the global automated container terminal market during the forecast period.

Key Automated Container Terminal Market Trend

Robotization of container terminals in the US is one of the key trends in the automated container terminal market growth. The adoption of automation in container terminals has been prevalent in European and Asian countries over the last few years; however, the US has been opting for the more traditional approach of manual or semi-automated container terminals. In January 2018, the Port of Los Angeles was among the first US ports to experiment with robotization at its TraPac Terminal. The technology replaces manual crane operations and cargo hauling to cope with the heavy shipping and container traffic at the terminal. The entire automation process of the TraPac terminal, which is spread across an area of 210 acres, is expected to cost over $1 billion. However, this trend of experimenting with automated terminals in the US is expected to continue during the forecast period due to the high container traffic in the western coastal region. The Port of Long Beach and the Port of Los Angeles constitute two of the busiest ports in the US. The challenges to automation of container terminals include high costs and low returns, and protests from labor unions regarding job security. The productivity of these robotized terminals is expected to set a precedent for the automation of container terminals in the country during the forecast period.

Key Automated Container Terminal Market Challenge

High capital investment and maintenance costs are one of the key challenges for the automated container terminal market growth. The initial complexities involved in the automation of container terminal software lead to time delays in its installation as well as in training workers to get accustomed to the different types of machinery and their operation, depending on the nature of the project. In an automated container terminal, each hardware and software component performs a specific function, and thus, it is necessary for the integration of these components to ensure the effectiveness and efficiency of the total output. Also, these components involve periodic maintenance and upgrades, which are expensive. Though the prices of batteries for automated hardware are expected to decline over the forecast period, they are still considerably higher than conventional diesel units. Thus, the overall costs involved in the full automation of container terminals are high and, therefore, are economically feasible only for ports with high vessel traffic and in regions with high labor costs. The cost constraints involved in the adoption of automation in container terminals will pose a challenge to the growth of the global automated container terminal market during the forecast period.

This automated container terminal market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automated container terminal market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automated container terminal market during the forecast period.

Who are the Major Automated Container Terminal Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• ABB Ltd.
• Camco Technologies
• Cargotec Corp.
• CyberLogitec Co. Ltd.
• Identec Group AG
• Konecranes Plc
• Künz GmbH
• LOGSTAR ERP
• ORBCOMM Inc.
• Shanghai Zhenhua Heavy Industries Co. Ltd.

This statistical study of the automated container terminal market encompasses successful business strategies deployed by the key vendors. The automated container terminal market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automated container terminal market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automated Container Terminal Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automated container terminal market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the industrial machinery market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automated Container Terminal Market?

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70% of the market's growth will originate from APAC during the forecast period. China, the US, Singapore, Germany, and Malaysia are the key markets for the automated container terminal market in APAC.

Changing requirements in container terminal operations will facilitate the automated container terminal market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had an adverse impact on the regional economy in 2020. It led to the temporary shutdown of several companies, industries, the transportation and construction sectors, as well ports in the region for several months in 2020. The spread of the disease led to fatalities in China and other APAC countries, which resulted in the imposition of lockdowns in the region. This situation severely affected the demand for automated container terminals in 2020 due to the shutdown of ports for several months. This slowed down the growth of the automated container terminal market in APAC. However, as industrial activities in the region regain their lost strength, lockdown restrictions are lifted, the regional market in focus is expected to grow during the forecast period. 

What are the Revenue-generating Product Segments in the Automated Container Terminal Market?

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The automated container terminal market share growth in the equipment segment will be significant during the forecast period. The rise of automated container terminals in emerging markets such as China, Brazil, and the Middle East countries, which constitute vital transit points in global seaborne trade, will drive the growth of the automated container terminal equipment segment during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automated container terminal market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Automated Container Terminal Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automated container terminal market growth during the next five years
• Precise estimation of the automated container terminal market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automated container terminal industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automated container terminal market vendors

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