Overhead Conveyor Systems Market Share

Global Overhead Conveyor Systems Market Overview:

Overhead Conveyor Systems Market Size was valued at USD 0.63 Billion in 2023. The Overhead Conveyor Systems market industry is projected to grow from USD 0.66 Billion in 2024 to USD 1.0 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.28% during the forecast period (2024 - 2032). Higher usage of automated manufacturing technology, higher productivity, and an increasing trend towards automation in several industries, are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Overhead Conveyor Systems Market Trends

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  The rising adoption of automated systems in manufacturing and high productivity is driving the market growth

  
  

The market for overhead conveyor systems will expand quickly in the next years as well. There was an increase in demand in the market as a result of the increased use of automated manufacturing methods and high productivity. High system productivity is a major force behind market expansion. The Machine Both Upstream and Downstream The Overhead Conveyor Systems manage and have an impact on productivity. It is also helpful to continuously transfer the hanging load to a chain that travels with limited flexibility during the production plant process. Different sectors employ different kinds of systems in different ways. The manual one is utilised in warehousing facilities because it reduces handling expenses and eliminates the potential of damage, whereas the automatic one is employed in the production and distribution sectors. The final consumer accounts for the cost of upkeep, energy consumption, total investments, return on investments, replacement of worn-out parts, and insurances. Because of the system's high initial and ongoing expenditures, many small firms would not utilise it, which limits the growth of the market for overhead conveyor systems. A system of overhead conveyors is a piece of industrial machinery.

The primary driver of the conveyor systems market is the expanding trend of automation in various sectors. The automated conveyors can handle any volume of product, and by reducing delivery times, they also streamline industrial activities. Automated solutions are consequently gaining popularity throughout industries. Businesses can increase productivity by reducing waste in the manufacturing process, which reduces production time, lowers costs, and raises the quality of services or products. Conveyor systems boost productivity by handling higher volumes while saving money on labour costs and time. This promotes the conveyor system's sectoral expansion.

The demand for intelligent mechanical handling equipment is driven by the need to automate the whole manufacturing process. Conveyor belt demand will increase as a result worldwide. The market is also growing significantly as a result of increased demand for handling more freight and increasing productivity, growing worldwide mining operations, and increasing passenger & freight handling capacity at airports. Thus, driving the Overhead Conveyor Systems Industry revenue.

Overhead Conveyor Systems Market Segment Insights:

Overhead Conveyor Systems Function Insights

The Overhead Conveyor Systems market segmentation, based on function, includes process link, process decoupling, buffering/storage, sorting, and sequencing. Process link segment dominated the market in 2022. This is a result of the rising demand for the functionality of process links.

Overhead Conveyor Systems Technology Insights

The Overhead Conveyor Systems market segmentation, based on technology, includes pouch sorter and power & free system. Pouch sorter segment dominated the overhead conveyor systems Industry in 2022. This can be attributed to the pouch sorter technology's rising acceptance as a result of its benefits.

Overhead Conveyor Systems Weight Insights

The Overhead Conveyor Systems market segmentation, based on weight, includes 0-3 kg, 3-5 kg, 5-10 g, 10-20 kg, and 20-50 kg. 3-5 kg segment dominated the Overhead conveyor systems market in 2022. The majority of sales were made up of medium-weight conveyor belts, which are a reliable means to transport goods during testing, sorting, packaging, and assembly processes.

Overhead Conveyor Systems Capacity Insights

The Overhead Conveyor Systems market segmentation, based on capacity, includes upto 1000 items/h, 1000-10,000 items/h, and >10,000 items/h. The 1000-10,000 items/h segment dominated the Overhead Conveyor Systems market in 2022. This is because demand for overhead conveyer systems has increased across a wide range of industrial industries.

Overhead Conveyor Systems Sales Channel Insights

The Overhead Conveyor Systems market segmentation, based on sales channel, includes direct and via main contractors. Via main contractors segment dominated the Overhead Conveyor Systems market in 2022. Main contractors handle the independent supply and marketing of the producers' components and goods.

Overhead Conveyor Systems Automation Grade Insights

The Overhead Conveyor Systems market segmentation, based on automation grade, includes manual, semi-automatic, and automatic. Semi-automatic segment dominated the Overhead Conveyor Systems market in 2022. The growth of supermarket/hypermarket chains and distribution hubs has fueled the need for new semi-automatic automation grade overhead conveyer systems due to increased spending power, changing lifestyles, an expanding working class, and the easing of government regulations like FDI.

Overhead Conveyor Systems Application Insights

The Overhead Conveyor Systems market segmentation, based on application, includes E-commerce/retail, logistics, and production processes. E-commerce/retail segment dominated the market in 2022. The rationale for the rising demand for the e-commerce sector is one of the major factors boosting the growth of the Overhead Conveyor System Market for the E-Commerce/Retail industry.

Figure 1: Overhead Conveyor Systems Market, by Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Overhead Conveyor Systems Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Overhead Conveyor Systems market dominated this market in 2022 (45.80%). The rapidly growing populations in countries like China and India have raised consumer demand for firms in the food and beverage, e-commerce, and automotive sectors. This has also increased demand for overhead conveyor systems in these regional industries. Moreover, China’s Overhead Conveyor Systems market held the largest market share, and the Indian Overhead Conveyor Systems market was the fastest growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Overhead Conveyor Systems Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Overhead Conveyor Systems Market is expected to register significant growth from 2023 to 2032. The manufacturer is getting more and more anxious about the rising consumer demand. Due to this, production was increased through the use of automation and an integrated manufacturing process, which in turn sped up the local market's growth. Further, the U.S. Overhead Conveyor Systems market held the largest market share, and the Canada Overhead Conveyor Systems market was the fastest growing market in the North America region.

Europe Overhead Conveyor Systems market accounted for the healthy market share in 2022. This is a result of both industrial facilities automating their processes and a rise in the adoption of cutting-edge technology like the Internet of Things (IoT), RFIDs, and Artificial Intelligence (AI). Further, the German Overhead Conveyor Systems market held the largest market share, and the U.K Overhead Conveyor Systems market was the fastest growing market in the European region

Overhead Conveyor Systems Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Overhead Conveyor Systems Industry, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Overhead Conveyor Systems Industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Overhead Conveyor Systems Industry to benefit clients and increase the market sector. In recent years, the Overhead Conveyor Systems Industry has offered some of the most significant advantages to medicine. Major players in the Overhead Conveyor Systems Industry, including SSI SCHAEFER AG, Dematic, TGW LOGISTICS GROUP, Vanderlande Industries, Dürkopp Fördertechnik GmbH, Daifuku Co. Ltd, Ferag AG, psb intralogistics GmbH, Jiangsu Huazhang Logistics Technology Co. Ltd, PACLINE OVERHEAD CONVEYORS, Rapid Industries Inc., Bastian Solutions Inc., Allied Conveyor Systems Ltd, Schönenberger Systeme GmbH, Herbert Kannegiesser GmbH, OCS Overhead Conveyor System, CALDAN Conveyor A/S, KEWESTA GmbH, and JENSEN-GROUP, are attempting to increase market demand by investing in research and development operations.

Daifuku Co Ltd. (Daifuku) offers engineering, production, installation, and after-sales services for logistics systems and material handling equipment through its subsidiaries. The company's products include manufacturing and distribution systems, vehicle production lines, semiconductor production lines, flat-panel display production lines, airport technology, and car wash equipment.In February 2021, Daifuku Co., Ltd. and the German business AFT Industries AG resolved to work together on commercial issues in order to benefit from each other's expertise in automotive material handling.

The company DuPont de Nemours Inc (DuPont), formerly known as DowDuPont Inc., provides technology-based products and solutions. It addresses both the front and back ends of the manufacturing process by offering materials and printing systems to the advanced printing industry as well as materials and solutions for the fabrication of integrated circuits and semiconductors. In May 2021, DuPont and Regina will introduce groundbreaking innovations.

Key Companies in the Overhead Conveyor Systems market include

• SSI SCHAEFER AG


• Dematic


• TGW LOGISTICS GROUP


• Vanderlande Industries


• Dürkopp Fördertechnik GmbH


• Daifuku Co. Ltd


• Ferag AG


• psb intralogistics GmbH


• Jiangsu Huazhang Logistics Technology Co. Ltd


• PACLINE OVERHEAD CONVEYORS


• Rapid Industries Inc.


• Bastian Solutions Inc.


• Allied Conveyor Systems Ltd


• Schönenberger Systeme GmbH


• Herbert Kannegiesser GmbH


• OCS Overhead Conveyor System


• CALDAN Conveyor A/S


• KEWESTA GmbH


• JENSEN-GROUP

Overhead Conveyor Systems Industry Developments

January 2021:A supplier of material handling and automation systems, software, engineering, and equipment, MHS Holdings, Inc., has purchased TGW Systems, Inc.'s U.S. conveyor business division.

Overhead Conveyor Systems Market Segmentation:

Overhead Conveyor Systems Function Outlook

• Process Link


• Process Decoupling


• Buffering/Storage


• Sorting


• Sequencing

Overhead Conveyor Systems Technology Outlook

• Pouch Sorter


• Power & Free System

Overhead Conveyor Systems Weight Outlook

• 0-3 kg


• 3-5 kg


• 5-10 g


• 10-20 kg


• 20-50 kg

Overhead Conveyor Systems Capacity Outlook

• Upto 1000 items/h


• 1000-10,000 items/h


• >10,000 items/h

Overhead Conveyor Systems Sales Channel Outlook

• Direct


• Via Main Contractors

Overhead Conveyor Systems Automation Grade Outlook

• Manual


• Semi-Automatic


• Automatic

Overhead Conveyor Systems Application Outlook

• E-Commerce/Retail


• Logistics


• Production Processes

Overhead Conveyor Systems Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America