Automated Container Terminal Market Trends

Growth Drivers

• Urge to Reduce Labor Forces: Since automation essentially eliminates the requirement for manual labor in manual procedures, container ports that have started automating see a reduction in labor costs. These procedures, that once required a large number of men to execute, are currently able to be carried out by a single person in a control tower. Automation aids in accomplishing goals such as decreasing the risk of human error and cutting down on the labor. Automated work processes are quicker and more reliable, which makes them less error-prone.
• Surge in Need to Reduce Carbon Emission: Shipping is crucial to global trade, however regrettably, it uses fossil fuels, which release dangerous greenhouse gases (GHG). About 939 MtCO2 of the global CO2 emissions, or approximately 3%, are caused by the process of shipping every year. Hence, owing to the growing climate change concern the need to reduce emission wherever its possible is growing. Automated container terminals maximize efficiency, preventing empty runs by AGVs as an instance of how this reduces the carbon footprint of the shipping industry.
• Growing Government Initiatives: Many governments across the world are funding port modernization and infrastructure development projects. These projects seek to make each of the ports more competitive and meet the increasing need for container handling. Hence, this could further influence the market expansion.

Challenges

• High Investment Cost Needed for Automated Container Terminal - Many terminal operators, particularly in developing countries, face a considerable obstacle due to the large initial expenditure necessary to deploy automated systems. Hence, organization prefer sticking to the traditional method of handling container. Therefore, this factor is projected to restrain the market expansion.
• Lack of Availability of Skilled Labor in Automated Field
• Complex Handling System of Automated Container Terminal