NEW YORK, May 12, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the Global Automated Truck Loading System (ATLS) Industry Report – The global Automated Truck Loading System (ATLS) market will reach $2.9 billion by 2026.
Currently, the growing demand from logistics companies for automated operations and facilitated flow of goods is a key force driving the market. As an important part of the global logistics industry, International logistics service platform in China has continuously increasing demand for supply chains, which is driving enterprises to develop and optimize warehousing logistics and supply chains.
Globalization of supply chains in various industries and associated trends of fragmentation and outsourcing have had a significant impact on the growth of the market. Increasing application fields is another positive factor for the market.
The global automated truck loading systems (ATLS) market was estimated at USD 2.1 billion in 2022 during the COVID-19 crisis and is expected to reach a revised size of USD 2.9 billion by 2026, growing at a CAGR of 7% during the analysis period The growth rate increases during the growth period. One of the segments analyzed in the report, slat conveyor systems, is expected to grow at a CAGR of 7.1% to reach $899.1 million by the end of the analysis period.
Growth in the Belt Conveyor Systems segment was rescaled to a revised CAGR of 7.8% due to a comprehensive analysis of the business impact over the next seven years due to the pandemic and its resulting economic crisis. This segment currently accounts for 21.3% of the global automated truck loading systems (ATLS) market. The U.S. market is expected to be worth $539.2 million by 2022, while China, the world’s second-largest economy, is expected to be worth $411 million by 2026.
Post time: May-13-2022
