Automated Truck Loading System Market Expected to Reach $6.6 Billion by 2032

According to a new report published by Allied Market Research, titled, “Automated Truck Loading System Market," The automated truck loading system market size was valued at $2.8 billion in 2022, and is estimated to reach $6.6 billion by 2032, growing at a CAGR of 9% from 2023 to 2032.

Automated truck loading system used across different industries is a specially designed system which uses automated technology to load the cargo from the warehouse to the transports through the means of different conveyor system. This is a specially designed technology which is supported by the industrial revolution and is intended to reduce human efforts to a much larger extent. With the inclination towards increasing the capacity of the production plants along with the increased demand for goods to be supplied on a regular basis, the need for an automated truck loading system aroused which enabled the key manufacturers to develop such automated system for loading the goods to trucks which required least human effort. This increased demand followed by continuous support from industries created an increased demand for the product thus leading to the growth of the market across the globe. 

The automated truck loading system with its potential has helped industries by enhancing safety and reducing accidents in the warehouse. The system has potential to do more, as it can be integrated with various other technologies. For instance, it can be integrated with the warehouse management system which is expected to facilitate load planning, inventory management, and efficient fulfilment of the order. Similarly, Internet of things (IoT) can be integrated with the automated loading system which helps it to communicate with internal components as well as external components of the surrounding in the warehouse or a store unit. Connectivity with different systems is anticipated to help in the predictive maintenance, data sharing, and remote monitoring of the system.

The automated loading system needs infrastructure which can match its operating conditions.  Advanced robotics is projected to be a game changer as it can do the job by itself and can assist the systems in the loading and unloading operations of the trucks, as it does not require any infrastructure modification. The robots possess enhanced dexterity, and intelligence which helps them to move a wide range of goods of various shapes and sizes. They are able to adapt to the varying load and make changes in its movement for the safer handling of the goods. The use of advanced robotics has the potential to revolutionize the automated truck loading system and is expected provide growth opportunities for the market during the forecast period.

In addition, the automated truck loading market has witnessed significant growth in recent years, owing to rise in the rapid industrialization. Governments across the globe are investing in the industrial sectors to boost the sectors such as manufacturing, agriculture and logistics. Furthermore, companies operating in the market have adopted partnerships, and acquisition to increase their market share and expand their geographical presence. For instance, in June 2022, The FAM Group, a supplier of conveyor systems and loading technologies, was bought by the BEUMER Group. The acquisition is anticipated to help the company improve its offering by using FAM Group technologies.

Rise in rapid industrialization, and increased safety of the work environment supplement the growth of the automated truck loading system market. However, high installation charges and availability of inexpensive labors are expected to hamper the growth of the market. In addition, integration of automated truck loading system with other systems and use of advanced robotics are expected to create ample opportunities for the key players operating in the market.

COVID-19 Impact Analysis:

The COVID-19 had a considerable impact on the market for automated truck loading systems (ATLS). Due to lockdowns, travel restrictions, and interruptions in global supply chains, there was a reduction in demand for commodities and logistics during the early stages of the pandemic. As a result, the demand for transportation and logistics business decreases, and impacted the demand of automated truck loading systems.

KEY FINDINGS OF THE STUDY

• By loading dock type, the sawtooth dock segment dominated the global automated truck loading system market in 2022, in terms of growth rate.
• On the basis of truck type, the modified truck segment is anticipated to exhibit a remarkable growth during the forecast period.
• By system type, the belt conveyer system segment is the highest contributor to the automated truck loading system market in terms of growth rate.
• By industry, the construction and manufacturing segment is anticipated to exhibit a remarkable growth during the forecast period.
• By region, Asia-Pacific is anticipated to exhibit a remarkable growth during the forecast period.

The leading players operating in the automated truck loading system market are ACTIW LTD., BEUMER Group, Euroimpianti S.p.A, HAVER & BOECKER OHG, Joloda Hydraroll Limited, Secon Components S.L.,  Asbreuk Service B.V., GEBHARDT Fordertechnik GmbH, Ancra Systems B.V., and Cargo Floor B.V.