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Automated Container Terminal Market Size

  • Report ID: GMI10760
  • Published Date: Aug 2024
  • Report Format: PDF

Automated Container Terminal Market Size

Automated Container Terminal Market size was valued at USD 10.2 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032. Labor cost reduction is a key driver for automated container terminals as automation minimizes the reliance on manual labor, reducing operational costs significantly. Automated systems can operate 24/7 without the need for shifts, breaks, or human intervention, leading to substantial savings over time.

 

Additionally, these systems enhance efficiency by streamlining operations, reducing human error, and optimizing container handling processes. This increased efficiency boosts throughput and reduced turnaround times, making automated terminals more attractive for ports looking to handle higher volumes of cargo while maintaining cost-effective operations. The combination of cost savings and improved productivity is driving the demand for automation in container terminals; thus, ports across the globe are installing automated container terminals to increase container handling capacity and efficiency.
 

For instance, in August 2024, Shanghai International Port Group (SIPG) launched the first phase of the Luojing terminal, adding a design capacity of 2.6 million TEU annually to Shanghai, the world’s largest container port. The new terminal aims to enhance Shanghai port's container throughput, transportation efficiency, and competitiveness, with the second phase of the project already underway to further strengthen the port's status as a major shipping hub. Further, stricter environmental regulations are encouraging the adoption of automated container terminals, which can help reduce emissions and energy consumption through optimized operations.
 

The significant capital required for the implementation of automated systems and technology in container terminals are a major challenge, particularly for smaller or less financially robust port operators. Additionally, integrating advanced automation systems with existing, often outdated, terminal infrastructure can be complex and costly, leading to operational disruptions and longer implementation times.

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automated container terminal reached USD 10.2 billion in 2023 and is set to register over 7% CAGR between 2024 and 2032, owing to government regulations and safety standards.

The hardware segment held 65% share in 2023, as it forms the backbone of automation.

Asia Pacific market accounted for 40% share in 2023, due to its rapid industrialization and large-scale investments in port infrastructure.

Cargotec, Konecranes, Shanghai Zhenhua Heavy Industries Company Limited (ZPMC), Liebherr, ABB, K

Automated Container Terminal Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 341
  • Countries covered: 21
  • Pages: 250
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