The global automated container terminal is currently valued at more than USD 2 billion and is expected to surpass USD 6 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global automated container terminal market, under its automation portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like ABB, CARGOTEC, Konecranes, and ZPMC.
According to Bharath Kanniappan, a lead analyst for automation research at Technavio, “The introduction of navigation software, radio frequency identification sensors, and other technicalities in remotely-operated cranes have made navigation and cargo handling operations much easier and more efficient.”
Port operators are buying technologies that boost productivity by automating operations. Automation technology can bring a minimum of 30%-35% improvement in productivity. To stay ahead in the market, leading port operators should continually update their use of automation to raise the bar on productivity improvements further.
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Increasing adoption of automation in equipment handling systems
Automated equipment handling is becoming increasingly popular in the global market. Navis, a part of CARGOTEC, provides the global technology standard for handling the movement of containers through terminals. Navis N4 terminal operating system (TOS) is operated at more than 120 sites, in more than 50 countries around the world. It has developed as a platform that provides scalability and flexibility to support a terminal’s growth and to enhance features, functionality, and be easy to plug third-party solutions in it.
Widened scope for greenfield and brownfield container terminal projects
According to Technavio’s market research report, greenfield projects are getting wider in the developing nations, while developed countries have invested in expansions and updating projects. The greenfield project in Morocco by APM Terminals is scheduled to open in 2019, and the cost of the project is an estimated USD 900 million. Both greenfield and brownfield projects for/in terminals operations can be executed methodically, and thus can conserve both time and energy and increases productivity.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Automated Container Terminal Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
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