The research study covers the present scenario and growth prospects of the global automatic tray loading system market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
The global automatic tray loading system market is experiencing stable growth over the years as end-users look to implement automation solutions in material handling to facilitate easy and swift movement of goods and products within the organization. Conveyors and automated storage and retrieval systems can transport and move materials ranging from small loads to bulky products, which is not feasible in case of manual material handling.
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Technavio industrial automation analysts highlight the following three factors that are contributing to the growth of the global automatic tray loading system market:
Cost savings for end-users
The implementation of tray loading system for automated storage and retrieval of industrial and consumer goods helps end-users in achieving significant cost savings in operations. These systems facilitate a reduction in storage and transportation costs while eliminating the waste disposal costs and labor handling charges. In addition to minimizing the mentioned cost factors, tray loading systems also help to cut down on the number of personnel required for manual movement of goods or products in industries.
Bharath Palada, a lead automation research analyst at Technavio, says, “By implementing this automated system, end-users and business owners can prevent instances of product damage that remains a possibility in case of manual movement. Reduction in product damage during movement can lower the overall unit cost of production and increase the profit margin for companies.”
Growth of automation in industries
The manufacturing sector in APAC is constantly expanding in terms of existing capacity and new production capacity. The manufacturing sector in APAC excluding Japan is expected to witness high growth across major discrete industries during the forecast period. Countries like India and China are currently undergoing major development initiatives by the government to bolster the domestic manufacturing sector.
“Automation is a key aspect of any manufacturing process in ensuring that all activities and sub-processes are streamlined, efficient, and faster. The emerging trends in automation are expected to shape the competitive landscape of the global industrial sector. Manufacturers are allocating a reasonable share of their annual budget to technologies that can modernize the manufacturing setup resulting in faster and better returns in future,” adds Bharath.
Enhanced inventory management
In order to enhance the logistics and inventory management in business, automated handling of materials is essential. Automatic tray loading systems facilitate the movement, placement, storage, and retrieval of industrial goods within the warehouse or storage facility of an industry. In order to ensure that the logistics system of a business adds profitability, efficient control of materials from receiving to dispatch is important.
An automatic tray loading system provides real-time control by recording and displaying information regarding inventory level of an industry. Another important aspect of an automatic tray loading system is that the materials can be accurately tracked and physically controlled, thereby streamlining inventory management.
- Forte Automation Systems
- Gleason Automation Systems
- Schaefer Systems International
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