Wilmington, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) -- According to RationalStat’s most recent industry analysis, the Global Thermoformed Trays Market value is estimated at US$ 8.2 billion in 2023 and is expected to rise at a strong CAGR of over 4.9% over the forecast period of 2023-2028.
Market Definition, Market Scope, and Report Overview
An Thermoformed Trays (MLCC) is an electronic component that stores and releases electrical energy in vehicles. MLCCs are passive electronic components comprised of alternating ceramic and metal layers. Because of their small size, high capacitance values, and dependability, they are commonly employed in automobile applications.
The global shift towards electric and hybrid vehicles has significantly increased the demand for MLCCs. These vehicles rely heavily on electronic systems for propulsion, energy management, and overall functionality, driving the need for reliable MLCCs.
According to a deep-dive market assessment by RationalStat, the global Thermoformed Trays market has been analyzed on the basis of market segments, including type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.
- Market intelligence for the global Thermoformed Trays market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Thermoformed Trays market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Thermoformed Trays Market: Segmental and Market Share Analysis
- On the basis of application, consumer electronics segment is anticipated to dominate the global Thermoformed Trays market. It has been the largest user of MLCCs and is expected to hold a significant share in the future.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2028 |
| Base Year Market Size | US$ 8.2 billion |
| Market Size Forecast | US$ 10.4 billion |
| Growth Rate | 4.9% |
| Dominant Segment | Consumer Electronics |
| Dominant Region | Asia Pacific |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global Thermoformed Trays market include.
- In May 2023, Murata Manufacturing Co. Ltd announced the release of its latest multi-layer ceramic capacitor to meet the growing demand for components with high capacitance levels, miniaturized form factors, and improved temperature performance.
- In January 2022, TDK announced the successful completion of an industry-first recycling system for reusing PET films used in the fabrication of multilayer ceramic capacitors.
Some of the prominent players and suppliers operating and contributing significantly to the global Thermoformed Trays market growth include Murata Manufacturing Co. Ltd, Taiyo Yuden Co. Ltd, Kyocera Corporation, Yageo Corporation, Walsin Technology Corporation, Samsung Electro-mechanics Co. Ltd, Eyang Holdings Group Co. Ltd, TDK Corporation, Vishay Intertechnology Inc., and Kemet Corporation, among others.
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RationalStat has segmented the global Thermoformed Trays market based on type, application and region
- Global Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Type
- General Capacitor
- Array
- Serial Construction
- Mega Cap
- Global Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Application
- Consumer Electronics
- Automotive
- Manufacturing
- Healthcare
- Others
- Global Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Region
- North America Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
- US
- Canada
- Latin America Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Thermoformed Trays Market Value (US$ Million), Volume (Units), and Market Share (2019-2028) Analysis by Country
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Key Questions Answered in the Thermoformed Trays Report:
- What will be the market value of the global Thermoformed Trays market by 2028?
- What is the market size of the global Thermoformed Trays market?
- What are the market drivers of the global Thermoformed Trays market?
- What are the key trends in the global Thermoformed Trays market?
- Which is the leading region in the global Thermoformed Trays market?
- What are the major companies operating in the global Thermoformed Trays market?
- What are the market shares by key segments in the global Thermoformed Trays market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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