According to Technavio’s latest market research study, the global automatic tray loading system market is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global automatic tray loading system market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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The top three revenue contributing end-user segments are discussed below:
Global automatic tray loading system market in automotive and auto component industry: The demand for automatic tray loading systems from the automotive and auto component segment is fueled primarily by the rapid growth of the global automotive industry. OEMs in the automotive and auto component industries are increasingly deploying automated material handling system like conveyors, automated storage, and retrieval systems help them gain an advantage in terms of productivity and delivery time.
“Manufacturers need to implement automation for material movement to replenish the inventory periodically as the demand for automobiles and automotive components increase. The installation of automatic tray loading systems enable manufacturers and businesses to track and monitor the levels of inventory and refill it within a shorter time interval,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global automatic tray loading system market in electronics and electrical industry: In the electronics and electrical industry, tray loading systems facilitate streamlined operations. Automatic tray loading systems also allow manufacturers to incorporate frequent modifications in the assembly line as per the design requirements of the final product. During the forecast period, the adoption of automatic tray loading systems in the electronics and electrical industry is likely to be fueled by the need to reduce product delivery time.
Global automatic tray loading system market in e-commerce industry: The e-commerce industry operates on an omnichannel platform that requires a massive amount of space and labor for managing the distribution center. Automation in the e-commerce industry helps reduce several facets of operational expenditure. Technavio industry analysts anticipate factors such as ease of access it provides and growth of technology to drive the adoption of automatic tray loading systems in the e-commerce industry.
The top vendors operating in the global automatic tray loading system market are:
- Daifuku
- Dematic
- Forte Automation Systems
- Gleason Automation Systems
- Schaefer Systems International
Other prominent vendors in the market include APT Automation, Attec Danmark, ATS Automation Tooling Systems, BEUMER, Brillopak, Cimcorp, Direct Conveyors, FlexLink, Foth, Groupe Legris Industries, Intelligrated, Kardex Remstar, MK, RNA Automation, TGW Logistics, Tong Engineering, viastore SYSTEMS, WITRON, and Wrabacon.
A more detailed analysis is available in the Technavio report titled, ‘Global Automatic Tray Loading System Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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