Assembly Trays Market

Assembly Trays Market Outlook

The assembly trays market is likely to record a strong CAGR of 23% during the forecast period. The assembly trays market is currently valued at US$ 2.2 Bn in 2022 and is likely to reach US$ 21.45 Bn by 2032.

Sales of assembly trays have risen due to a low-profile design that can readily accommodate conveyor transport.

Increased dimensional stability and light weight of assembly trays ensuring ease of handling are also projected to contribute to the growth of the assembly trays market share.

The report sheds light on the factors improving the sales of assembly trays, and, in turn, the opportunities for market players. However, the assembly trays market also faces some challenges, which might limit the assembly trays market share from reaching its potential.

Some of the key assembly trays market trends promoting the demand for assembly trays include features such as grease resistant and high melting point creates opportunity for end users from electronics and automotive industries.

What are the Key Dynamics to the Assembly Trays Market Share

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 sales of the assembly trays.

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 ESD-prone electrical and electronics components.

Generally, countries import electronic components such as semiconductors and PCBs for the production of these electronic devices. Companies in the emerging regions are currently focusing on the domestic production of these electronic components in order to reduce the final cost of the product.

Ismail Sutaria

Principal Consultant

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Which Region holds the Highest Growth Potential 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 represent tremendous growth in the assembly trays market due to various factors like 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 market due to the rising penetration of electrical & electronics which tends to drive the sales of 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.

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.

How is the Competitive Landscape in the Assembly Trays Market

The key players of the assembly trays market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of assembly trays  

Some of the key participating players indulged in the sales of assembly trays are:

• Molded Fiber Glass Tray Company
• K. Goodwin Co.
• Impala Plastics
• W. Grainger, Inc.
• Conductive Containers, Inc.
• Desco Industries Inc.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

These market players are anticipated to drive the assembly trays market by introducing new products and expanding geographically.

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