Container port

Global Automated Container Terminal Market Forecasts 2018-2023: Increasing Labor Cost in Developed Countries is Driving Demand

Retrieved on: 
Friday, May 4, 2018
Transport, Port operating companies, Container ship, Maritime transport, Container terminals, Automation, Container port, International Container Terminal Services, Abu Dhabi Terminals

The growth of this market is being driven by the growing demand for large container ships, increasing labor cost in developed nations, and growing competition among container terminals.

Key Points: 
  • The growth of this market is being driven by the growing demand for large container ships, increasing labor cost in developed nations, and growing competition among container terminals.
  • The report covers the automated container terminal market segmented on the basis of the degree of automation, project type, offering, and geography.
  • The services segment is expected to hold the largest size of the automated container terminal market, based on offering, by 2023.
  • The major hindrance to the growth of the automated container terminal is the requirement of high initial investment cost for the implementation of automated container terminals.