Automated Port Terminals Market: A Snapshot
Despite significant strides in automotive, mining, and construction, automation continues to lag behind in ports. However, with the advent of new suitable technology, the automated port terminals market is poised to embed far more technology in the near future. The automated port terminals include five key components. Among these are automation in equipment, equipment-control automation, and terminal tower control.
Automated equipment has become a necessity for port terminals despite high initial investment costs and many a times, low factor costs. The automation is equipment makes way for stable and smooth operations in yard operations, ship to shore, gate automation, and ground transportation. There are several projects around the world where these are implemented successfully and its importance continues to rise as, thanks to the added consistency and efficiency to operations.
The automation in port terminals also includes equipment-control systems. These systems are designed to make operations smoother and gather important information that lead to better decision making. Although there is no easy-fit for equipment of various kinds with a wide range of surfaces, however automation in tasks like gate-operating is making ways for advanced sophistication which is essential. The automatic identification of containers and trucks makes way for a much smoother experience both for suppliers as well as port authorities.
The control tower is in many ways the brain behind the smooth-functioning of ports. Automation in this area can go a long way in coordinating and optimizing workflow management, forecasting, and gaining crucial control over critical objectives. The new fields such as Big Data and Artificial Intelligence are making ways for better forecasting and analytics. This is expected to drive better human-machine interactions and better relationship with the port community as a whole.
The automation in port is gaining momentum for growth for the automated port terminals market as benefits become clearer to port authorities and governments like the US, India, and China invest large sums to upgrade port facilities for a better global commerce.
Automated Port Terminals Market: Introduction
Automated port terminals can be defined as the integrated system for automation in the operation of ports. It consists of advance analytics, digital platforms, decision-making tools, terminal operating systems, and an automated interface with customers and the port community. Automated port terminals are generally safer than the conventional port terminals as it eliminates the risk of accidents and makes the work more predictive.
The initial capital expenditure on automated port terminals systems is rather high; but the operational efficiency for long term sustainability is high. Automation within port terminals have the ability to generate more value to customers as well as to the port community with the extensive adoption of Industry 4.0.
To understand how our report can bring difference to your business strategy, Ask for a brochure
Global Automated Port Terminals Market – Dynamics
Increasing Adoption of Digitally Framed Structures in Maritime Industry for Regular Operations is driving the Automated Port Terminals Market
Adoption of digitization in the maritime industry is increasing rapidly. The major reason for the adoption is increased productivity, value addition, and minimizing the risk of human errors as well as accidents. Operation cost can drastically be reduced in the long run with the adoption of automation in port terminals. The benefits of adopting automation in port terminals with reduced cost is driving the demand for automated port terminals.
Rising Focus on Industry 4.0 by Governments
The government of China and India has increased the focus on digitization within industries which is critically important for economic growth. Maritime industry is one of the largest industries across the globe which helps governments to generate revenue in terms of taxes with higher efficiencies. Demand for automated port terminals is increasing with the increased focus on digitization by governments.
High Initial Cost of Investment
The initial cost of investment for installation & implementation of automated port terminals is comparatively high. The high cost also includes the downtime cost of the port in which the productivity of the port reduces for short periods of time due to integration of the whole operational system. The high cost of initial investment in this system could hamper the growth of the automated port terminals market.
Europe Expected to Dominate the Market in Terms of Size
In terms of region, the global automated port terminals market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is expected to dominate the automated port terminals market, as it is the most dominating region in the logistics industry and the adoption of automation is comparatively high in the maritime sector.
Stuck in a neck-to-neck competition with other brands? Request a custom report on “Automated Port Terminals Market”
Global Automated Port Terminals Market – Competitive Landscape
- In September 2019, Cargotec’s division, MacGregor, designed the cargo system for the world’s largest container ship, MSC Gülsün.
- In July 2019, Konecranes received an order from Klaipeda Container Terminal (KCT) in Lithuania for two Ship-to-Shore (STS) cranes. This is the second order after the Gottwald Model 5 Mobile Harbor Crane of Konecranes which was delivered in June 2019.
Established in 2005, Cargotec Corporation is headquartered in Helsinki, Finland. The company is focused on providing cargo and load handling solutions. The company majorly deals in Kalmar, Hiab, and MacGregor business areas. Cargotec Corporation operates in more than 100 countries.
Orbita Port & Terminals
Established in 2006, Orbita Port & Terminals is based in Valencia, Spain. The company engages in designing and commissioning automation engineering solutions within the ports and terminals sector. The company provides gate automation, crane automation, yard automation, rail automation, and management solutions within its portfolio to cater within automated port terminals market.
Global Automated Port Terminals Market: Segmentation
The global automated port terminals market can be segmented based on:
- Automation Type
Automated Port Terminals Market Segmentation, by Component
Based on component, the global automated port terminals market can be bifurcated into:
Automated Port Terminals Market Segmentation, by Automation Type
In terms of automation type, the global automated port terminals market can be divided into:
- Semi-automated Terminal
- Fully Automated Terminal
The report on the global automated port terminals market is a compilation of firsthand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The automated port terminals market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on the global automated port terminals market segments and geographies.
Regional analysis of the global automated port terminals market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.