ATLS Market by Loading Dock, System Type, Industry, and Geography - Global Forecast to 2022
The global automated truck loading system (ATLS) market is expected to grow from USD 1.67 Billion in 2015 to USD 2.88 Billion by 2022, at a CAGR of 7.65% during the forecast period. The major factors driving the market include the growing adoption of ATLS systems in various industries as these automation systems helps in significantly reducing the turnaround times. Also, these systems are utilized to increase the safety in the work environment since most of the truck loading and unloading takes place in manufacturing/warehouse environments which comprise racking systems, retrieval systems, forklifts, dispensers, and weighing systems among others.
The ATLS loading docks considered for the study include flush loading docks, enclosed loading docks, and sawtooth loading docks among others. Among these loading docks, the market for flush loading docks is expected to hold the largest size during the forecast period. Some of the major reasons for this growth include the widespread adoption of the flush dock design by various industries such as automotive, warehouse & distribution, pharmaceuticals, FMCG, and paper among others. The flush dock is a closed dock design that shares the same foundation as the wall. Due to this closed system, it protects the goods from harsh temperatures throughout the process of loading and unloading. Therefore, it is one of the most widely adopted dock designs.
Aviation, cement, paper, FMCG, post & parcel, automotive, textile, pharmaceutical, and warehouse & distribution are some of the key industries considered for the study where ATLS is utilized. The automotive industry held the largest share of the market in 2015, followed by FMCG, warehouse & distribution, pharmaceutical, aviation, post & parcel, cement, and textile industries. The major reasons for this growth include the widespread deployment of ATLS in this industry. The automotive industry is one of the front runners in the field of automation and mechanization of the logistics chain. For instance, various components have to be delivered at the correct place, at the correct time, and in the correct sequence. Additionally, safety on the work floor is also of utmost importance.
The automated truck loading system market market in Europe region held the largest market size, in terms of value in 2015; the market in APAC is expected to exhibit the fastest growth rate between 2016 and 2022. The factors contributing to this growth include the growing importance of adopting automation technologies for truck loading and unloading. The European region majorly comprises automotive and large process industries. These industries continuously strive to achieve greater efficiency by delivering goods on time. The adoption of ATLS can help in reduce the turnaround time of trucks, thereby reducing the requirement for manpower and saving cost.
However, the high capital investment required to install ATLS may hinder the growth of the market. For instance, there is a wide range of conveyor systems that can be considered for loading and unloading options. These conveyor systems incur three costs, namely, initial costs (cost of equipment, installation, and controls), operational costs (electrical and pneumatic usage), and maintenance costs (spare parts, replacement parts, and labor costs), which are spread over the utilization life of the conveyors.
BEUMER Group GmbH & Co. KG (Germany) is one of the leading manufacturers of ATLS. The company offers a wide range of loading, conveying, palletizing, packaging, sortation, and distribution systems. It aims to strengthen its market presence with various strategic initiatives such as new product developments and expansions.