Automatic Tray Loading System Market - Drivers and Forecasts by Technavio

Technavio has published a new report on the global automatic tray loading system market from 2017-2021. (Photo: Business Wire)

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LONDON--()--Technavio analysts forecast the global automatic tray loading system market to grow at a CAGR of almost 5% during the forecast period, according to their latest report.

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.

Top vendors:

  • Daifuku
  • Dematic
  • Forte Automation Systems
  • Gleason Automation Systems
  • Schaefer Systems International

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global automatic tray loading system market to grow at a CAGR of almost 5% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com