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Global Automated Container Terminal Market

Global Automated Container Terminal Market

Submitted by • March 11, 2019 www.maximizemarketresearch.com

is expected to reach USD 10.87 Billion by 2024 from USD 8.12 Billion in 2017 at a CAGR of 3.9% (Detailed analysis of the market CAGR is provided in the report).

Global Automated Container Terminal Market

Service is important for the proper functioning of equipment and even a minor defect in any equipment can cause a serious productivity loss. Automated Container Terminal is focused on expanding their service network to increase the service revenue. Thus, the service contracts are increasing in number, thereby driving the growth of the market for the same. However, the requirement of the high initial cost for the implementation of automated container terminals is the major restraining factor for the growth of the automated container terminal market.

Global Automated Container Terminal Market is majorly segmented by degree of automation, project type, and offering. By degree of automation, the market is segmented as Semi-Automated Terminals, and Fully Automated Terminals.

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