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North America Container Transshipment Market Trends

  • Report ID: GMI11970
  • Published Date: Oct 2024
  • Report Format: PDF

North America Container Transshipment Market Trends

Automation in port operations is gaining momentum in North America's container transshipment industry. Ports are adopting automated systems for container handling, vessel docking, and cargo inspection to enhance efficiency and reduce human error. Autonomous cranes, automated guided vehicles (AGVs), and AI-powered logistics platforms are becoming integral to port modernization strategies. This trend aims to improve port throughput, lower operational costs, and address labor shortages.
 

Additionally, automation reduces the impact of disruptions caused by human factors, such as labor strikes, making ports more resilient in handling high container volumes. According to a Government Accountability Office, the ten largest ports in the U.S. have implemented various automation technologies to enhance cargo movement. These technologies include automated gates that allow trucks and containers to pass through terminals with minimal human intervention, as well as port community systems, which are digital platforms that streamline logistics and supply chain data automatically. Additionally, these ports utilize IoT systems that employ technologies like RFID, GPS, and cameras for equipment operation and container tracking.
 

Stringent environmental regulations imposed by governments constrain the growth of the container transshipment market. Ports must reduce emissions, manage waste, and minimize their environmental impact, increasing operational costs. Compliance often requires significant investment in cleaner technologies, alternative fuels, and sustainable infrastructure upgrades. While these measures are important for sustainability, they can delay expansion plans and capacity enhancements, limiting market growth in the short to medium term. This regulatory burden may particularly affect smaller ports and operators struggling with compliance.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market for container transshipment in North America reached USD 2 billion in 2023 and is set to grow at a 3.7% CAGR from 2024 to 2032, driven by increasing investments in port modernization and expansion.

The large containers segment was valued at USD 1.3 billion in 2023, led by their efficiency in handling high-volume cargo.

The industrial products segment held a 32% market share in 2023, fueled by the increasing demand for raw materials, machinery, and industrial components in global trade.

The U.S. market accounted for 80% of the revenue share in 2023, supported by its robust port infrastructure, strategic geographical location, and high-volume trade relationships with Asia, Europe, and Latin America.

Major players include APM Terminals, Ceres Global Ag, Construction Navale Bordeaux, Mediterranean Shipping Company, MEYER WERFT GmbH & Co., Ports America, PSA International, Rhenus Group, SSA Marine, and Viking Line.

North America Container Transshipment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 180
  • Countries covered: 2
  • Pages: 160
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