Global Automated Container Terminal Market Forecasts 2018-2023: Increasing Labor Cost in Developed Countries is Driving Demand
Summary
The automated container terminal market for the brownfield projects is expected to grow at a higher CAGR during the forecast period.Companies are working on various projects to automate the existing terminals partially or wholly to help with cost saving and maximum utilization of resources.Further, favorable government policies and initiatives in countries such as Germany, Spain, and Italy have encouraged the growth of the automated container terminal market in this region.In addition, some of the leading automated container terminal manufacturers such as Cargotec, Konecranes, Liebherr, and ABB are present in the region.Cargotec (Finland), Konecranes (Finland), ZPMC (China), Liebherr (Switzerland), ABB (Switzerland), Knz (Austria), CyberLogitec (South Korea), IDENTEC SOLUTIONS (Austria), Camco Technologies (Belgium), and ORBCOMM (US) are some major companies operating in the automated container terminal market.