The terminal automation market has grown significantly, from $7 billion in 2023 to $7.5 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.1%. This growth is attributed to increasing demand for operational efficiency, the adoption of automated equipment, rising regulatory pressures for environmental sustainability, a need for seamless logistics, and the impact of autonomous vehicles reshaping terminal operations. The market is expected to grow further, reaching $9.91 billion by 2028 with a CAGR of 7.2%. This anticipated growth is driven by the need for improved operational efficiency and safety, rising demand for environmentally sustainable solutions, regulatory mandates promoting automation in logistics and transportation, expanding global trade necessitating advanced handling capacities, and increasing investments in smart infrastructure. Major trends in the forecast period include the rising adoption of IoT and cloud-based solutions for real-time monitoring, the integration of artificial intelligence and machine learning for predictive maintenance and optimization, expansion of automated equipment and robotics in cargo handling, and advancements in digitalization and automation in the logistics and transportation sector.
Global Terminal Automation Market Key Driver
The rise in oil and gas production is expected to drive the growth of the terminal automation market. Terminal automation enhances the efficiency and safety of loading, storage, and distribution operations in the oil and gas sector through automated systems. This growth is fueled by advancements in drilling technologies, increased offshore drilling activities, and heightened demand for energy. In July 2023, the Department For Energy Security and Net Zero reported a 16% increase in gas production in 2022, reaching 423 TWH, following a record low in 2021. This increase in production is expected to continue driving the terminal automation market.
Get A Free Sample Of The Terminal Automation Market Report
Global Terminal Automation Market Segments
The terminal automation market covered in this report is segmented –
1) By Offering: Hardware, Software And Services
2) By Project Type: Brownfield Projects, Greenfield Projects
3) By End User: Oil And Gas, Chemical, Other End Users
By Geography:The regions covered in the terminal automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the terminal automation market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period.
Major Terminal Automation Industry Players
Siemens AG, General Electric Company, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Larsen & Toubro Limited, Emerson Electric Co., Rockwell Automation Inc., TechnipFMC plc, INTECH, Petroliam Nasional Berhad (PETRONAS), Zebra Technologies Corporation, General Atomics Aeronautical Systems Inc., Yokogawa Electric Corporation, Endress+Hauser Group Services AG, Royal Vopak N.V., Mofatt & Nichol Inc, Chemtrols Industries Pvt. Ltd., Fabtech Projects & Engineers Ltd., Varec Inc., Advanced Sys-tek Pvt. Ltd., Toptech Systems Inc, Implico GmbH, MHT Technology Ltd
Purchase The Global Terminal Automation Market Report Directly And Get A Swift Delivery
Terminal Automation Market Overview
Terminal automation refers to the integration of advanced technologies and systems to enhance the efficiency and safety of terminal operations. The primary goals of terminal automation are to improve operational efficiency, reduce labor costs, enhance safety, and ensure faster and more reliable throughput of goods or passengers.
Terminal Automation Global Market Report 2023 provides data on the global terminal automation market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The terminal automation market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
