Global Automated Port Terminals Market was valued US$ xx Bn in 2019 and the total revenue is expected to grow at CAGR of 3.8 % from 2019 to 2027, reaching US$ xx Bn.
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Global Automated Port Terminals Market Definition:
Automated port terminal consists of data analytics, interactive networks, decision-making tools, operating systems for ports, integrated interface with customer and port community. As it reduces the possibility of injuries and makes the job more predictive, automated port terminals are usually safer than traditional port terminals. Initial capital spending on integrated port terminal projects is very high, but operating productivity is high in terms of long-term sustainability.
Global Automated Port Terminals Market – Dynamics
The growing demand for automated port terminal is due to the adoption of digitization in the maritime industry and increasing rapidly. Maritime industry is one of the biggest industries across the globe which helps government to produce more effective tax revenue. Also with the increased emphasis on digitization by governments, the demand has been increased of automated port terminals. Increased efficiency, value added and minimizing the risk of human errors as well as accidents is the major reason of adoption. The benefits of adopting automation in port terminals with reduced cost is driving the market.
The initial investment cost for the installation & deployment of automated port terminals is reasonably high. The high cost also covers the cost of the port’s downtime, where the port’s output is decreased for a brief period of time due to the integration of the new operating system. The high cost of initial investment in this system may hinder the growth of the demand for automated port terminals.
Global Automated Port Terminals Market Segment Analysis
Based on Automation Type, Semi Automated Terminal Segment has led the Automated Port Terminals Market in 2019 and is estimated to generate more than US$ xx Bn market revenue by 2027 at a CAGR of xx%. Compared to fully automated terminals, the use of semi-automated terminals is growing exponentially, as the cost needed for the installation of semi-automated terminals is lesser than for fully automated terminals.
Global Automated Port Terminals Market Regional Analysis
Global Automated Port Terminals Market has been segmented into North America, South America, Asia Pacific, and the Middle East and Africa. Europe is projected to lead the market share of xx% in 2019 and is expected to reach US$ xx Bn by the end of 2027 with a CAGR of xx%. It is the most dominating region in the logistics industry and adoption of automation is comparatively high. With the extensive implementation of Industry 4.0, automation inside port terminals has the potential to create more profit for clients as well as for the port community.
Global Automated Port Terminals Market Recent developments
Cargotec’s division, Macgregor designed the cargo system for the world’s largest container ship, MSC Gulsun in Sept 2019. Cargotec Corporation operates in more than 100 countries. Konecarnes has received order from Klaipeda container for two ship-to-shore cranes in July 2019.
The objective of the report is to present a comprehensive analysis of the Global Automated Port Terminals Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automated Port Terminals Market dynamics, structure by analyzing the market segments and project of the Global Automated Port Terminals Market size. Clear representation of competitive analysis of key players By Component, Price, Financial position, Product portfolio, Growth strategies, and Regional Presence in the Global Automated Port Terminals Market make the report investor’s guide.
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Global Automated Port Terminals Market, By Component
Global Automated Port Terminals Market, By Automation Type
• Semi-Automated Terminal
• Fully Automated Terminal
Global Automated Port Terminals Market, By Region
• North America
• MEA & Africa
• Latin America
Global Automated Port Terminals Market Key Players
• Cargotec (Finland)
• Konecranes (Finland)
• ZPMC (China)
• Liebherr (Switzerland)
• ABB (Switzerland)
• Künz (Austria)
• CyberLogitec (South Korea)
• IDENTEC SOLUTIONS (Austria)
• Camco Technologies (Belgium)
• ORBCOMM (US)
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