The global automated truck loading system (ATLS) market was valued at US$ 2.7 billion in 2021 and it is anticipated to grow up to US$ 4.4 billion by 2031, at a CAGR of 4.8% during the forecast period.
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The global automated truck loading system (ATLS) market was valued at US$ 2.7 billion in 2021 and it is anticipated to grow up to US$ 4.4 billion by 2031, at a CAGR of 4.8% during the forecast period.
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Automated truck loading systems are used for loading and unloading material in trucks in various industries. This system helps reduce the workforce and minimize accidents, hence growing the adoption of an automated truck loading system. Rising automation in the industries is also augmenting the growth of the automated truck-loading system market. Growing transportation of material is focusing on optimizing the logistics supply chain, accelerating the growth of the automated truck loading system market. This system helps to eliminate product damage and increase the efficiency of loading and unloading material.
Market Drivers and Trends
Autonomous truck loading plays a vital role in automated logistics processes. Companies such as Google and Tesla have made significant advances in logistics technologies. The future of logistics will include a largely automated truck loading system that assists in delivering goods to distribution centers. Autonomous forklifts will be responsible for unloading packages using a network of conveyor belts and robot arms. Tesla, a leading manufacturer of electric vehicles, is undertaking measures to introduce a fully automatic truck loading system. Similarly, companies such as Amazon and United Parcel Service invest in developing automated delivery processes. Thus, adopting autonomous vehicles will help grow the global automated truck loading system (ATLS) market.
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Global Automated Truck Loading System (ATLS) Market by Application
Based on application, it is segmented into logistics and transportation industry, food & beverage industry, paper industry, automotive industry, air freight industry, and cement industry. The automotive industry segment is expected to be the largest segment in the automated truck loading system (ATLS) market in 2021. The automotive industry is one of the front runners in the field of automation and mechanization of the logistics chain. The major reasons for this growth include the widespread deployment of ATLS in this industry. The loading system plays a very important role as the components have to be delivered at the correct place, at the correct time, and in the correct sequence. Thus, the automotive industry segment will likely hold a major market share in 2021.
Major Players in the Global Automated Truck Loading System (ATLS) Market
The key players studied in the global automated truck loading system (ATLS) market are Actiw Oy (Finland), Ancra Systems B.V. (The Netherlands), Ari (US), BEUMER Group GmbH & Co. KG (Germany), Blue Star Limited (India), Europa Systems Sp. z o.o (Poland), Joloda Hydraroll Limited (UK), Secon Components S.L (Spain), SMCore Inc. (South Korea), and Technica International SAL (Lebanon).
COVID-19 Impact
In 2020, the outbreak of the COVID-19 pandemic led to the unavailability of the workforce. In addition, the industry witnessed disruptions in manufacturing operations and supply chain management. This has significantly impacted the automated truck loading system (ATLS) market. The COVID-19 crisis creates uncertainty in the market by slowing down the supply chains, hampering business growth, and increasing panic among the customer segments. Fleet operators are expected to focus on working capital management, with fewer chances for heavy investment in advanced technology. However, there are most probable chances of sales momentum for the smart fleet management technology, owing to its operational feasibility to attain safety measures and the operations’ cost-effectiveness. In the COVID-19 health crisis scenario, key players enter into contracts and agreements to hold long-term business opportunities. These long-term contracts benefit smart fleet management technology providers and end users or fleet operators. However, as the trend of contactless and effective logistics infrastructure is increasing, the market is anticipated to exhibit a remarkable growth rate in the future.
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