Automated Truck/Trailer Loading System Market is expected to reach USD 1,168 Million by 2030

15-Jul-2024

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The global expansion of the warehousing and logistics industry, the increasing labor costs globally, and the booming e-commerce industry are significantly boosting the growth of the global automated truck/trailer loading system market

According to a new research report by Next Move Strategy Consulting, the global Automated Truck/Trailer Loading System Market was valued at USD 554 million in 2022, and is expected to reach USD 1,168 million by 2030, with a CAGR of 8.9% during the forecast period, 2023–2030. 

The retail and logistics sectors are undergoing a significant transformation, driven by the rapid and exponential growth of e-commerce. This surge in online shopping, fueled by its convenience and diverse product offerings, creates compelling opportunities for automated truck/trailer loading system (ATLS). ATLS is crucial in optimizing the last-mile delivery process, elevating the customer experience, and streamlining overall logistics operations.

According to Morgan Stanley, the global e-commerce's share of total retail sales increased from 15% in 2019 to 21% in 2021. The e-commerce market is still in its early stages of the growth, and has the potential to reach USD 5.4 trillion by 2026, increasing from USD 3.3 trillion in 2022. 

Moreover, the widespread implementation of automated solutions in warehouses and the global logistics sector is acting as a catalyst for the growth and advancement of the ATLS industry. This adoption aligns seamlessly with ATLS technology as companies seek comprehensive automation within their logistics and supply chain activities.

The integration of ATLS with existing automation infrastructure, such as conveyor systems and robotic material handling, significantly enhances operational efficiency. According to data from the McKinsey Global Institute, countries with high levels of automation adoption include Japan (55.7%), the Czech Republic (52.1%), Kenya (51.9%), and Mexico (51.8%).

This underscores a favorable environment for the implementation of robotics and automation, including ATLS, in the coming years. Also, in November 2022, Joloda Hydraroll partnered with Sai Raj, a provider of cargo handling solutions, to enhance air cargo loading and unloading operations.

This collaboration aims to improve efficiency and automation in the air cargo industry. Joloda Hydraroll is known for its innovative automated truck/trailer loading systems, and this partnership signifies a step towards streamlining cargo logistics in the aviation sector.

Moreover, in May 2022, The Beumer acquired FAM GmbH, a supplier specializing in conveying systems and loading technology. This strategic acquisition is poised to significantly advance the ATLS market by combining BEUMER Group's expertise with FAM GmbH's capabilities in conveying and loading technology.

However, the high initial investment of ATLS is restraining the market growth as it involves expenses related to purchasing the necessary technology and equipment, customizing and integrating the system into existing operations, training the workforce to use it effectively, and addressing any scalability requirements.

The initial expenses related to adopting ATLS can be substantial, encompassing the cost of the technology and additional charges such as adapting existing infrastructure and consulting services. These combined upfront costs can be a significant financial hurdle for businesses considering ATLS implementation.

On the contrary, the implementation of artificial intelligence (AI), the Internet of Things (IoT), and predictive maintenance in ATLS is expected to create ample growth opportunities for the market in the future. 

These technologies extract valuable insights from data, empowering organizations to make well-informed decisions, refine their operational processes, and plan for the future in a more effective manner. This data-driven approach enhances the overall competitiveness of businesses and positions them to adapt and thrive in an increasingly dynamic and competitive market landscape.

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According to the report, leading players operating in the automated truck/trailer loading system market include FLSmidth & Co. A/S, Beumer Group GmbH, Mecalux, S.A., Gebhardt Fördertechnik GmbH, Secon Components S.L., Joloda Hydraroll Limited, Actiw Oy, Cargo Floor B.V., Ancra Systems B.V., Europa Systems, and others. 

Key Insights from the Automated Truck/Trailer Loading System Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the automated truck/trailer loading system market is provided in the report.

  • The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

  • The market share of the players in the global automated truck/trailer loading system market along with their competitive analysis are provided in the report.

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