The automated truck loading systems market is projected to grow at a CAGR of 8.72% over the forecast period of 2017 - 2023. The realization of the benefits of automation in different fields of the industry is leading to the growing acceptance and adoption of the automated system. The growing competitive environment is resulting in companies focusing on avenues to reduce cost while simultaneously increasing their revenues and profitability. According to the United Nation, the global population is projected to increase to 8.5 billion by 2030, which will result in an increase in the demand for various products. Moreover, the environment among the companies engaged in the production of products is expected to get more competitive. As such, the companies are striving hard to reduce the development time of a product and the time taken for the product to reach the market. This is resulting in businesses replacing man power with the automated technology such as automated truck loading systems, thus, allowing the companies to attain higher efficiency in their operations while simultaneously improving the speed of the operations. Furthermore, the automated truck loading systems tend to significantly reduce the product damage rate, resulting in an expanding the scope of the profitability of the companies. However, automated truck loading system requires high initial capital to be invested which is beyond the capacity of the majority of the small and medium scale firms.
The recovery of the global economy from the financial crisis of 2008 and efforts by the government to improve the job quality, more specially in the developing and emerging nations, is driving the demand for the FMCG product, which in turn, is driving the production and is supporting the growth of the automated truck loading system market. Similarly, improving focus on reducing the development time by the automotive manufacturers is further expanding the scope of the market.
The Europe automated truck loading systems market is estimated to grow rapidly on account of the growing pressure to reduce the cost of production while simultaneous anticipated improvement in the economic environment of the region. The efforts taken by the government of the United State to promote to support the domestic manufacturers is expected to supplement the growth of the market in the region while growing consumer good production is rapidly driving the Asia Pacific automated truck loading system market during the course of the forecast period.
Major industry players profiled as part of the report are Ancra Systems B.V, Beumer Group, and Joloda International Ltd among others.
The automated truck loading systems market has been analyzed through following segments:
Conveyor Chain System
Conveyor Slat System
Conveyor Carpet System
Conveyor Belt System
Conveyor Rollertrack System
By Industry Vertical
Middle East and Africa