The global automated truck loading system market growth is attributed to various factors, including the rise in rapid industrialization, and an increased safety of the work environment.
WILMINGTON, Del., Oct. 23, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automated Truck Loading System Market by Loading Dock Type (Flush Dock, Enclosed Dock, Sawtooth Dock, Climate Controlled Dock, Others), by Truck Type (Non-Modified Truck, Modified Truck), by System Type (Chain Conveyer System, Slat Conveyer System, Belt Conveyer System, Skate Conveyer System, Roller Track System, Automated Guided Vehicle, Loading Plate System), by Industry (Automotive and Transportation, Aviation, Construction and Manufacturing, FMCG, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global automated truck loading system market was valued at $2.8 billion in 2022, and is projected to reach $6.6 billion by 2032, registering a CAGR of 9.0% from 2023 to 2032.
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An automated truck loading system (ATLS) is a mechanized solution designed to automate the process of loading and discharging goods onto trailers or trucks. It utilizes various technologies, such as robotics, conveyors, and sensors, to efficiently and safely handle the loading and unloading tasks. ATLS typically consists of a combination of robotic arms, conveyors, or other automated equipment that can load and unload pallets or containers, as well as individual items. Systems are programmed to precisely place and secure the load onto the truck. This optimizes space usage and reduces the risk of transport damage.
Leading Market Players in Automated Truck Loading System Industry: –
Cargo Floor B.V. ACTIW LTD. Euroimpianti S.p.A HAVER And BOECKER OHG Secon Components S.L. Asbreuk Service B.V. Ancra Systems B.V. BEUMER Group Joloda Hydraroll Limited GEBHARDT Fordertechnik GmbH. The report provides a detailed analysis of these key players in the global automated truck loading system market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Prime Determinants of Growth:
The global automated truck loading system market growth is attributed to various factors, including the rise in rapid industrialization, and an increased safety of the work environment. However, high installation charges and the availability of inexpensive labor are the factors expected to hamper the growth of the automated truck loading system market. Moreover, the integration of an automated truck loading system with other systems and the use of advanced robotics creates market opportunities for the key players operating in the automated truck loading system market.
Report Coverage & Details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
Loading Dock Type, Truck Type, System Type, Industry and Region
Rise in rapid industrialization
Increased safety of the work environment
Integration with other systems
Use of advanced robotics
High installation charges
Availability of inexpensive labor
The COVID-19 pandemic had a significant impact on the global automated truck loading system market. There was a decrease in demand for goods and logistics due to lockdowns, travel restrictions, and disruptions in global supply chains during the early phases of the pandemic. This led to a reduced need for automated truck loading systems as the overall transportation and logistics industry was impacted. On the other hand, e-commerce and online shopping witnessed a surge, leading to increased demand for goods transportation as the pandemic progressed. The flush dock segment to maintain its leadership status throughout the forecast period-
Based on loading dock type, the flush dock segment held the highest market share in 2022, accounting for nearly one-third of the global automated truck loading system market revenue, and is estimated to maintain its leadership status throughout the forecast period. The sawtooth dock plays a vital role due to its angle parking formation, it provides increase docking capability, and space optimization to cater the fleet of trucks to load and unload. The easy process of loading and unloading in the docks can be enhanced with the implementation of the automated loading systems. On the other hand, the others segment would showcase the fastest CAGR of 15.2% from 2023 to 2032.
The non-modified truck segment to maintain its leadership status throughout the forecast period-
Based on truck type, the non-modified truck segment held the highest market share in 2022, accounting for more than three-fourths of the global automated truck loading system market revenue, and is estimated to maintain its leadership status throughout the forecast period. However, the modified trucks would display the fastest CAGR of 11.2% during the forecast period. Modified trucks play a vital role because these trucks can reduce downtime, improve overall operating throughput, and improve the transportation of specific types of cargo, such as metal, wood, or complex items, by adopting these improvements. Logistics firms can cut labor costs and enhance operational efficiency by automating the loading and unloading procedures, thereby saving money in the long term. The operational efficiency and the enhancement in the loading and unloading process achieved with the modified trucks is expected to create market growth during the forecast period.
The belt conveyer system segment to maintain its leadership status throughout the forecast period-
Based on system type, the belt conveyer system segment held the highest market share in 2022, accounting for more than one-fifth of the global automated truck loading system market revenue and is estimated to maintain its leadership status throughout the forecast period. The same segment would also portray the fastest CAGR of 10.9% during the forecast period. This is because a belt conveyor automated loading system typically consists of a belt conveyor, sensors, and control systems. A belt conveyor carries a parcel or package in a continuous loop, which means that the parcel or the package travels along a system of rollers or pulleys. The goods that need to be loaded are placed on the belt conveyor, which transfers them to the required destination, such as a truck bed or a storage space. Sensors are strategically placed along the conveyor to detect the presence of commodities and control the loading process. The sensors and systems include radio frequency identification (RFID), weight sensor, and camera systems. These sensors and systems detect the position, weight, and other properties of the materials, allowing the system to alter the loading procedure as needed. The use of technology with various sensors makes it accurate and safe to work in the warehouses, thus increasing its demand in the automated truck loading system market.
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North America to maintain its dominance by 2032-
Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global automated truck loading system market revenue and is projected to maintain its dominance throughout the forecast period. On the other hand, the Asia-Pacific region is expected to witness the fastest CAGR of 10.5% during the forecast period. Asia-Pacific is known to be the home of industrial development due to which the market is expected to grow at a suitable growth rate during the forecast period.
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Automated Truck Market Research Report 2023-2032
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Boom Truck Market Research Report 2023-2032
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Zetrix and Beitou Launch Digital ID & Driver’s Licence Services on Blockchain
Service is the first global W3C-compliant Verifiable Credential implementation and will be initially used by China domestic users travelling abroad
KUALA LUMPUR, Malaysia, Dec. 10, 2023 /PRNewswire/ — Zetrix, a layer 1 public blockchain platform, today announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification. This innovative solution addresses the challenges of traditional paper-based credentials, offering a range of benefits that will transform the way individuals, organisations, and governments interact in the digital realm.
The launch marks the commercialisation of the collaboration announced on 18th September 2023 between Malaysia’s MY E.G. Services Berhad and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co Ltd (“Beitou”), the IT arm of Guangxi Beibu Gulf Investment Group listed as one of China’s Top 500 enterprises.
The launch was held on 9th December 2023 at Ritz-Carlton Hotel Kuala Lumpur and officiated by Malaysia’s Deputy Prime Minister, Datuk Seri Dr Ahmad Zahid Hamidi.
The service initially will be offered to domestic China nationals who can choose to digitise their National ID or driving licence as a Verifiable Credential (“VC”) on Xinghuo International, the international gateway for China’s national Public Blockchain. Through Zetrix, which is integrated with Xinghuo, the National ID or driving licence VC can then be presented abroad to be authenticated by any verifier wishing to verify the relevant identity or driving licence data according to their needs.
Beitou IT’s integration to China’s nationwide police and transport department databases ensures seamless authentication and digitisation of the documents into VCs.
Furthermore, in view of the immutability of blockchain, verifiers will have the assurance of knowing that the VCs and all data contained in the document are true and genuine.
It is foreseen that besides IDs and driving licences, other important credential documents held by individuals or businesses would also be digitised as VCs in the near future.
Enhancing Security and Combating Breach of Data
The use of digital credentials, with the initial pilot of driving licences based on blockchain technology will significantly enhance security and combat counterfeiting of electronic licences. By leveraging on the Self Sovereign Identity (“SSI”) framework, Zetrix’s Digital Credentials platform enables the real time verification of documents digitised as Verifiable Credentials, providing a robust defence against fraud and forgery.
“In addition to ensuring authenticity, documents digitised as Verifiable Credentials offer the ability for selective disclosure or confirmation of data. For instance, document holders can have their age or their home location verified without actually having to provide their date of birth or full address. This is extremely useful as it protects raw user data from being shared unless absolutely necessary, thus reducing the possibilities of cyber attacks,” explained TS Wong, founder of Zetrix.
Lai Shuiping, Chairman of the Board of Guangxi Beitou IT Innovation Investment Group Co.,Ltd, Lai Shuiping, said: “The China-ASEAN digital driving license cross-border verification platform is jointly developed by Beitou IT and MYEG. The platform will continue to expand into providing more convenient services for communication between citizens of China and ASEAN countries, and promote economic development across the entire region.”
“In future, Beitou IT will further strengthen cooperation with Malaysian enterprises in the field of transportation digitalisation, and promote continuous improvement of intelligent transportation in ASEAN countries,” Lai added.
Multi-Chain e-Wallet for International Travelers
Zetrix’s Digital Credentials platform also leverages a multi-chain e-wallet that is able to store Zetrix’s native tokens as well as VCs from Xinghuo International and Ethereum. This feature facilitates seamless cross chain transactions and simplifies identity and document verification across multiple scenarios, enhancing the experience for travelling individuals.
The digital credentials service exemplifies the World Wide Web Consortium (W3C) standards of Verifiable Credentials and Decentralised Identifiers as Self-Sovereign Identity. This will be a key catalyst to enable a greater interoperability across blockchains and decentralised applications.
Zetrix is a layer-1 public blockchain that facilitates smart contracts and delivers privacy, security and scalability. Zetrix’s cryptographic infrastructure can be introduced to multiple industries to connect governments, businesses and their citizens to a global blockchain-based economy. Developed by MY E.G. Services Bhd, the cross-border and cross-chain integration with China enables Zetrix to serve as a blockchain gateway that facilitates global trade by deploying critical building blocks for Web3 services such as Blockchain-based Identifiers (BID) and Verifiable Credentials (VC).
About Guangxi Beitou IT Innovation Technology Investment Group Co Ltd
Guangxi Beitou IT Innovation Investment Group Co. (Beitou IT) stands as a wholly owned subsidiary of Beibu Gulf Investment Group (Beitou Group), boasting total assets exceeding 300 billion RMB. Established in October 2020 with a registered capital of 1 billion RMB, Beitou IT has emerged as the foremost digital company in Southwest China. Beitou IT strategically concentrates on four primary business domains: ITAI project implementation and operation, IT product R&D, integration and sales, and the development of New Infrastructure. Over the past three years, Beitou IT has successfully undertaken numerous government and enterprise-level projects encompassing digital government, digital transportation, digital port, smart court, and enterprise digitalization.
With a workforce exceeding 400 employees, Beitou IT houses a team of hardware and software engineers, where over 50% hold master’s degrees from esteemed universities. The team includes 2 State Council-subsidized experts, numerous district industrial authorized experts, and a Fin-Tech expert from the ‘Hong Kong, Macao, and Taiwan Talent Project.’ This robust talent pool positions Beitou IT as one of the rare state-owned digital companies capable of independent R&D.
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Sustainability Empowerment, Brand Upgrade VIVOTEK among Taiwan’s Best Global Brands
TAIPEI, Dec. 10, 2023 /PRNewswire/ — VIVOTEK (3454TW), the global leading IP surveillance solution provider, has been selected to the Best Taiwan Global Brands, and consistently earned market recognition. The three development engines of operational excellence, comprehensive brand management, and active promotion of sustainable actions, have elevated the brand above competition to display outstanding brand value.
Best Taiwan Global Brands is organized by the Industrial Development Bureau, MOEA, and valuation is carried out by Interbrand, a global authority on brand valuation; this year, ESG was also included as key standards of valuation. In 2022, VIVOTEK set a record high in revenue with annual consolidated revenue reaching USD $332 million, achieving a growth rate of 82% compared to the same period in 2021. In addition to displaying operational strengths, VIVOTEK also advocated several sustainable actions, while also encouraging its employees to practice environmental protection both at work and in daily life, further earning the approval of the organizer.
“Being selected to Taiwan’s Best Global Brands is a recognition of the company’s strengths,” pointed out Allen Hsieh, VIVOTEK Spokesperson and Director of Global Marketing Division. “Brand power is not just manifested through the technical aspect of products, but also through the CSR aspect. By embedding ESG into our brand’s DNA, we not only adopt sustainable thinking, but also create a differentiated brand image. In the future, VIVOTEK will continue to empower our brand through ESG, while also constantly promoting smart and green innovations of security and protection technology, steering the brand towards greater value of sustainable development.”
Evolution of the brand is the firm starting point of VIVOTEK’s brand management. Through redefining identity and slogan, “We Get The Picture,” VIVOTEK breaks the limitations of the industry to redefine its brand value, establishing its unique status within the security and protection industry. By grasping the opportunity of technical innovation, VIVOTEK combines its hardware advantage and software capability to expand its deployment of security and protection solutions, becoming a leading solution provider, while also actively exploring the market of AI security and protection, such as: successfully launching innovative VORTEX smart cloud surveillance service that focuses on customer needs and accumulating many successful cases around the world. Recently, VIVOTEK was ranked number 12 among a&s Security 50, reaching the highest spot ever, and this is the very manifestation of the brand’s continued improvement of brand competitiveness.
VIVOTEK is a leading surveillance brand that strives for sustainability and began deploying ESG strategy many years ago. Key measures include voluntary publication of sustainability report for six consecutive years, participation in the RE100 global corporate renewable energy initiative, and promotion of renewable energy applications. More recently, VIVOTEK has incorporated the principle of sustainability into its product box design, reutilizing packaging of its products to create eco-friendly smartphone holders. This marks the first time the brand’s innovative sustainability principle has been extended through its products. VIVOTEK also plans to launch a product carbon footprint project in 2024 to facilitate formulation of comprehensive carbon reduction strategy, further strengthening brand development and upgrading sustainable operations.
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Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research
BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.
Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.”
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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