Assembly Trays Market: Overview
Assembly trays are also known as conveyor trays. Assembly trays features a low profile design that can readily accommodates conveyor transport and assembly operations for wide range end use industries. Assembly trays offers dimensional stability and are light weight which ensures ease of handling. Features such as grease resistant and high melting point creates opportunity for end users from electronics and automotive industries.
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Progressive demand in the Electrical & Electronic industries to proliferate the market growth
Most electrical products get spoilt due to the generation of static electricity in them. It is also noticed that around 33% of electrical devices are damaged due to the absence of suitable packaging solutions. Increasing demand for ESD assembly trays in the electrical and electronics industry drives the assembly trays market. Additionally, the semiconductor and PCB industry is witnessing significant expansion which is a prominent application for assembly trays. Assembly trays are the ideal protective packaging solution for the packaging of the ESD-prone electrical and electronics components.
High growth opportunity in the emerging markets for electronics devices is luring the demand for assembly trays
The increase in demand for conveyor trolleys in automotive and electronics industry has boosted the demand for assembly trays in the developing countries such as India, Brazil, etc. These countries, excluding China, have negligible manufacturing facilities for the production of the electronics components. Generally, these countries import electronics components such as semiconductors and PCBs for the production of these electronics devices. Companies in the emerging regions are currently focusing on the domestic production of these electronics components in order to reduce the final cost of the product.
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Companies are investing heavily in backward integration at their PCBs in-house facilities. There has been a substantial rise in the number of manufacturers of these components in recent years. Therefore, the increase in production of these components is anticipated to boost the assembly trays market in APAC regions. This, in turn, is likely to lead to high growth opportunities for the assembly trays market in these emerging markets.
Emerging Countries to Hold Significant Share in the Assembly trays Market
On the basis of geography, the global assembly trays market is segmented into North America, South Asia, Latin America, East Asia, Europe, Middle East & Africa & Oceania. China is anticipated to represents tremendous growth in the assembly trays market due to various factors. Rapid growth in automation & electronics industry. Europe assembly trays market is expected to witness judicious growth due to matured market in Germany, France & Italy. MEA is expected to be the fastest growing markets due to the rising penetration of electrical & electronics which tends to drive assembly trays market.
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Assembly Trays Market: Key Players
Some of the key players in the assembly trays market are mentioned below:
- Molded Fiber Glass Tray Company
- K. Goodwin Co.
- Impala Plastics
- W. Grainger, Inc.
- Conductive Containers, Inc.
- Desco Industries Inc.