Overhead Conveyor Systems Market Covid-19 Analysis Recent Study Segments, Future Growth, Business Prospects

The global overhead conveyor systems are growing rapidly. Market growth attributes to the demand for time and cost-saving manufacturing techniques. Besides, the rising adoption of automated systems in manufacturing and productivity-increasing overhead conveyor systems drives the market demand. Moreover, developing automation sector and rising adoption of automatic conveyor systems in manufacturing plants worldwide escalate the growth of the market.

According to Market Research Future (MRFR), the global overhead conveyor systems market is forecasted to grow at 5.18% CAGR during the assessment period (2019 – 2025). The spurting rise in the manufacturing sector and advances in production techniques act as major driving forces. Besides, the rising penetration of automation, smart & connected devices, and technologies such as IIoT and IoT increase the overhead conveyor systems market size. Augmenting demand for efficient power management systems fosters market growth.

Additionally, advancements in automation and Internet of Things (IoT) technologies and devices propel the growth of the market. Rising demand for higher energy saving and the low operational cost influence the market growth. On the other hand, the high initial and maintenance costs of these conveyer systems act as significant growth impeding factors for the market. Nevertheless, rising economic growth would support market growth throughout the review period.

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Global Overhead Conveyor Systems Market – Segmentation

The report is segmented into eight dynamics;

By Function : Process Link, Process Decoupling, Buffering/Storage, Sorting, and Sequencing, and others.

By Technology : Pouch Sorter, Power & Free System, and others.

By Weight : 0–3 kg, 3–5 kg, 5–10 g, 10–20 kg, and 20–50 kg.

By Capacity : Up to 1000 items/h, 1000–10,000 items/h, and >10,000 items/h.

By Sales Channel : Direct and Via Main Contractors.

By Automation Grade: Manual, Semi-Automatic, and Automatic.

By Application : E-Commerce/Retail, Logistics, Production Processes, and others.

By Regions : Americas, Europe, APAC, and Rest-of-the-World.

Overhead Conveyor Systems Market – Geographical Analysis

Europe dominates the global overhead conveyor systems market. The region witnesses an increase in conveyor systems sales, especially in the retail, rubber, plastic, food & beverage, and automotive industries. The largest market share attributes to the demand for higher productivity with energy-efficient technologies to reduce manufacturing costs. Besides, increasing adoption of smart manufacturing methods and SCADA based automation processes in the region drive the market growth.

Moreover, the presence of many notable conveyor system manufacturers and integration system start-ups fuel the growth of the regional market. Italy and the UK are the major markets in the region witnessing high demand for manufacturing process automation and security & efficiency in industrial processes and increasing adoption of automatic conveyor systems. In France, the demand for energy-efficient production technologies and embedded systems in manufacturing plants boosts market growth.

North America is another lucrative market for overhead conveyor systems globally. The market is driven by the increasing adoption of automation, advanced conveyor systems, and high-quality manufacturing processes. Moreover, increasing uptake of smart & connected devices and the proliferation of communication technologies such as IIoT across the industrial sector substantiate the regional market demand.

Also, government initiatives to improve production in the automotive, retail, food, and pharmaceutical industries, developments in cloud computing, mechatronics, automotive, and smart devices sector act as key driving forces for the regional market. The North American overhead conveyor systems market is poised to witness s substantial growth over the assessment period.

The overhead conveyor systems market in the Asia Pacific region witnesses rapid expansion. Factors such as the wide adoption of advanced autorotation techniques and overhead conveyor systems drive the growth of the regional market. Moreover, increasing advances in technologies and increased adoption of automation across industries create substantial market demand.

Besides, the rising adoption of overhead conveyor systems and the spurting growth in the manufacturing sector boost the regional market growth. The APAC overhead conveyor systems market is expected to grow at an impressive CAGR over the review period.

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Global Overhead Conveyor Systems Market – Competitive Analysis

Highly competitive, the overhead conveyor systems market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players adopt strategies such as mergers & acquisitions, collaborations, and product/technology development. Substantial investments are transpired to develop products and expand global footprints. Most players adopt organic business strategies, whereas tier I & II companies accentuate the inorganic business strategies to achieve their goals.

Major Players:

Players leading the overhead conveyor systems market are Dematic, SSI Schaefer AG, TGW Logistics Group, Dürkopp Fördertechnik GmbH, Vanderlande Industries, Daifuku Co., Ltd., PSB Intralogistics GmbH, Ferag AG, Jiangsu Huazhang Logistics Technology Co., Ltd., Rapid Industries, Inc., Pacline Overhead Conveyors, Bastian Solutions, Inc., Schönenberger Systeme GmbH, Allied Conveyor Systems, Herbert Kannegiesser GmbH, Caldan Conveyor A/S, OCS Overhead Conveyor System Ltd., Kewesta GmbH, and Jensen-Group, among others.

Industry/ Innovation/ Related News

October 18, 2019 —– The Chittagong Port Authority (CPA – Bangladesh), announced its plans to implement an automated overhead conveyor system for short-haul container moves to improve flow and ease truck congestion at the country’s main port. The CPA has also signed a contract with US-based EagleRail to deploy an all-electric ‘overhead container transportation solution’.

About 5,000 vehicles carrying containers enter the Chittagong port area daily, creating massive congestion in the port yard. The port frequently faces container congestion in its yard and vessel queues offshore despite recent capacity enhancements. The new overhead system would improve situations in the port area. The overhead conveyors would carry containers from the port yard to the overflow yard and nearby inland container depots (ICDs).

The Eagle-i logistics software system is effective and can move containers without affecting normal city traffic, synchronizing with the existing Container Terminal Management System of Chittagong port.

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