The Global Overhead Conveyor Market size was valued at US $2.14 Billion in 2022 and is expected to grow at a CAGR of 5.22% from 2023 to 2029, reaching nearly US $3.06 Billion. The Overhead Conveyor is the equipment used to bulk load at a time from one location to another either manually or power driven. Overhead Conveyor Market has observed immense need of equipment from the different industries, retail, food and beverages, automotive, logistics and manufacturing, for the process automation. Conveyors are also customized to meet the industry demand.Overhead Conveyor Market Research Methodology
Both primary and secondary research have been used to conduct market surveys, assessments, and projections. Analyzing the problem in order to set the parameters for the research study is the initial phase in the research process. The research technique has been developed with enough adaptability to accommodate the constantly changing nature of products and markets while preserving key components to guarantee the reliability and accuracy of research findings. Macroeconomic and microeconomic issues have been thoroughly analyzed in order to evaluate and forecast various market categories. Data was gathered from a variety of secondary sources, including annual reports, investor presentations, SEC filings, and other business periodicals. Trade magazines, technical journals, paid databases like Factiva and Bloomberg, industry trade journals, scientific journals, and social media data have all been made available to better understand market dynamics and industry trends. Primary research has also been done to understand the market's drivers, restraints, opportunities, challenges, and competitive environment in order to generate the study.To know about the Research Methodology :- Request Free Sample ReportOverhead Conveyor Market Dynamics
The Overhead Conveyor industry has observed enormous growth in recent years. The market growth is rising with increased use of automated manufacturing technologies and high productivity. Additionally, factors like systems with high productivity, flexibility throughout the manufacturing plant process, return on investments, and rising use of automated manufacturing anticipates to have a positive impact on the market's performance in the upcoming years. Maximize analysis that the market development is fueled by improvements in automation and Internet of Things (IoT) technology. Growing consumer demand for greater energy efficiency and reduced operating costs have an impact on market expansion. However, these conveyer systems' high initial and ongoing expenses serve as substantial market growth inhibitors. But throughout the review period, rising economic growth would encourage market expansion. The Overhead Conveyor industry confronts challenges from competitor equipment, expensive installation and maintenance costs, labor shortages, safety and regulatory concerns, and lack of customization options which is a threat for new entrants. In the emerging markets, the Overhead Conveyor Market offers opportunity into new markets, customization, integration with Industry 4.0 technologies, sustainability, and chances for partnerships and collaboration. Market trends for the Overhead Conveyor Market is adoption of Industry 4.0 technologies, energy-efficient solutions, customized solution, safety and compliance with regulations and integration in automation. Further analysis on whether the market is attractive for investment and new entrants is captured in the full report.Overhead Conveyor Market Segment Analysis
Overhead Conveyor Market segmentation is done on the basis of type, on the basis of Automation grade, on the basis of Sales channel, on the basis of Capacity, on the basis of Weight, on the basis of Technology, on the basis of Application, on the basis of Geography. Further details of it is cited in scope table below. Based on Type, the Overhead Conveyor Market is segmented as I-Beam trolley conveyors and Enclosed Track conveyors. I-Beam trolley conveyors are in high demand than enclosed track conveyors. Based on Automation Grade, the Overhead Conveyor Market is segmented as manual, semi-automatic, and automatic overhead conveyor. Automatic overhead conveyor system is leading in the market. Based on Sales Channel, the market is segmented as direct sales and main contractor sales. Sales through main contractor is more than direct sales.Based on Capacity, the Overhead Conveyor Market is segmented as up to 1000 items/h, 1000-10000 items/h, and more than 10000 items/h. Based on Weight of the system, the Overhead Conveyor Market is segmented as 0-3 kg, 3-5 kg, 5-10 kg, 10-20 kg, 20-50 kg. These system installations on basis of weight depends on the usage in the industry. Based on Technology, the Overhead Conveyor Market is segmented as Pouch Sorter and Power & Free system. Power & Free system is leading the market than pouch sorter. Based on Application, the Overhead Conveyor Market is segmented as E-Commerce, Logistics, and Commercial. Logistics is leading the market followed by e-commerce and then commercial. Based on the region, the Overhead Conveyor Market is studied in 5 regions, North America, Europe, Asia Pacific, Middle East and Africa, and South America.Overhead Conveyor Market Regional Insights
Maximize has analyzed 5 major regions where there is opportunity in market - Europe, North America, Asia-Pacific, Latin America, and the Middle East & Africa. European economy is leading the current Overhead Conveyor Market with sales majorly in Food & Beverages, manufacturing, plastic and retail industries. Higher market sales growth is in view of smart manufacturing methods and SCADA based automation processes. North America is another worthwhile market for Overhead Conveyor systems and driver for it is the automation processes, advanced conveyor systems and use of Internet of Things (IoT) across industrial sectors. Overhead Conveyor Market sales are expected to grow at the swift rate in the Asia-Pacific economy in the forecasted period from 2023-2029. The growth of regional businesses and the demand for effective material handling system products are factors that have contributed to market growth.Overhead Conveyor Market Scope: Inquire before buying
Overhead Conveyor Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 2.14 Bn. Forecast Period 2023 to 2029 CAGR: 5.22% Market Size in 2029: US $ 3.06 Bn. Segments Covered: by Type I-Beam Trolley Conveyors Enclosed Track Conveyors by Automation Grade Manual Semi-Automatic Automatic by Sales Channel Direct Main Contractors by Capacity Up to 1000 items/h 1000-10,000 items/h >10,000 items/h by Weight 0-3 kg 3-5 kg 5-10 kg 10-20 kg 20-50 kg by Technology Pouch Sorter Power & Free System by Application E-Commerce/Retail Logistics Commercial Overhead Conveyor Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key players in the Global Overhead Conveyor Market
1. Daifuku 2. Dematic 3. SSI Schaefer 4. Dürr Group 5. Sanfeng Zhineng 6. Fives Group 7. Tianqi Automation 8. Sunrise 9. Zhejiang INA 10.AFT-Group 11.CALDAN Conveyor 12.OMH Science 13.KNAPP 14.Railtechniek 15.Psb Intralogistics 16.Niko 17.Pacline Overhead Conveyors 18.SchÃnenberger System 19.OCS (Axel Johnson) 20.Richards-Wilcox Conveyor 21.Kardex Remstar 22.Rapid Industries 23.FlexLink 24.Caterpillar 25.Ultimation Industries FAQs 1) What is the estimated value of the Global Overhead Conveyor Market in 2022? Ans. The Global market was estimated to be valued at $2.14 Bn in 2022. 2) What is the growth rate of the Global Overhead Conveyor Market? Ans. The growth rate of the Global market is 5.22% CAGR, with a forecasted value of $3.06 Bn by 2029. 3) Which region has the highest growing potential across the globe? Ans. Asia Pacific region is showing the highest growth rate among all regions. 4) How many market segments are there based on application? Ans. There are 3 market segments based on application – E-Commerce / Retail, Logistics, Production Processes. 5) What are the types of technology cited in report? Ans. In this report, there are 2 main types of technology based on cited – Pouch Sorter, Power & Free system.
1. Overhead Conveyor Market: Research Methodology 2. Overhead Conveyor Market: Executive Summary 3. Overhead Conveyor Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Overhead Conveyor Market: Dynamics 4.1. Market Trends by region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Overhead Conveyor Market: Segmentation (by Value USD and Volume Units) 5.1. Overhead Conveyor Market, by Application (2022-2029) 5.1.1. E-Commerce/Retail 5.1.2. Logistics 5.1.3. Commercial 5.2. Overhead Conveyor Market, by Type (2022-2029) 5.2.1. I-Beam Trolley Conveyors 5.2.2. Enclosed Track Conveyors 5.3. Overhead Conveyor Market, by Sales Channel (2022-2029) 5.3.1. Direct 5.3.2. Main Contractors 5.4. Overhead Conveyor Market, by Capacity (2022-2029) 5.4.1. Up to 1000 Items/h 5.4.2. 1000-10000 Items/h 5.4.3. > 10000 Items/h 5.5. Overhead Conveyor Market, by Weight (2022-2029) 5.5.1. 0-5 kg 5.5.2. 3-5 kg 5.5.3. 5-10 kg 5.5.4. 10-20 kg 5.5.5. 20-50kg 5.6. Overhead Conveyor Market, by Technology (2022-2029) 5.6.1. Pouch Sorter 5.6.2. Power & Free System 5.7. Overhead Conveyor Market, by Region (2022-2029) 5.7.1. North America 5.7.2. Europe 5.7.3. Asia Pacific 5.7.4. Middle East and Africa 5.7.5. South America 6. North America Overhead Conveyor Market (by Value USD and Volume Units) 6.1. North America Overhead Conveyor Market, by Application (2022-2029) 6.2. North America Overhead Conveyor Market, by Type (2022-2029) 6.3. North America Overhead Conveyor Market, by Sales Channel (2022-2029) 6.4. North America Overhead Conveyor Market, by Capacity (2022-2029) 6.5. North America Overhead Conveyor Market, by Weight (2022-2029) 6.6. North America Overhead Conveyor Market, by Technology (2022-2029) 6.7. North America Overhead Conveyor Market, by Country (2022-2029) 6.7.1. United States 6.7.2. Canada 6.7.3. Mexico 7. Europe Overhead Conveyor Market (by Value USD and Volume Units) 7.1. Europe Overhead Conveyor Market, by Application (2022-2029) 7.2. Europe Overhead Conveyor Market, by Type (2022-2029) 7.3. Europe Overhead Conveyor Market, by Sales Channel (2022-2029) 7.4. Europe Overhead Conveyor Market, by Capacity (2022-2029) 7.5. Europe Overhead Conveyor Market, by Weight (2022-2029) 7.6. Europe Overhead Conveyor Market, by Technology (2022-2029) 7.7. Europe Overhead Conveyor Market, by Country (2022-2029) 7.7.1. UK 7.7.2. France 7.7.3. Germany 7.7.4. Italy 7.7.5. Spain 7.7.6. Russia 7.7.7. Rest of Europe 8. Asia Pacific Overhead Conveyor Market (by Value USD and Volume Units) 8.1. Asia Pacific Overhead Conveyor Market, by Application (2022-2029) 8.2. Asia Pacific Overhead Conveyor Market, by Type (2022-2029) 8.3. Asia Pacific Overhead Conveyor Market, by Sales Channel (2022-2029) 8.4. Asia Pacific Overhead Conveyor Market, by Capacity (2022-2029) 8.5. Asia Pacific Overhead Conveyor Market, by Weight (2022-2029) 8.6. Asia Pacific Overhead Conveyor Market, by Technology (2022-2029) 8.7. Asia Pacific Overhead Conveyor Market, by Country (2022-2029) 8.7.1. China 8.7.2. S Korea 8.7.3. Japan 8.7.4. India 8.7.5. Indonesia 8.7.6. Rest of Asia Pacific 9. Middle East and Africa Overhead Conveyor Market (by Value USD and Volume Units) 9.1. Middle East and Africa Overhead Conveyor Market, by Application (2022-2029) 9.2. Middle East and Africa Overhead Conveyor Market, by Type (2022-2029) 9.3. Middle East and Africa Overhead Conveyor Market, by Sales Channel (2022-2029) 9.4. Middle East and Africa Overhead Conveyor Market, by Capacity (2022-2029) 9.5. Middle East and Africa Overhead Conveyor Market, by Weight (2022-2029) 9.6. Middle East and Africa Overhead Conveyor Market, by Technology (2022-2029) 9.7. Middle East and Africa Overhead Conveyor Market, by Country (2022-2029) 9.7.1. South Africa 9.7.2. Saudi Arabia 9.7.3. UAE 9.7.4. Rest of ME&A 10. South America Overhead Conveyor Market (by Value USD and Volume Units) 10.1. South America Overhead Conveyor Market, by Application (2022-2029) 10.2. South America Overhead Conveyor Market, by Type (2022-2029) 10.3. South America Overhead Conveyor Market, by Sales Channel (2022-2029) 10.4. South America Overhead Conveyor Market, by Capacity (2022-2029) 10.5. South America Overhead Conveyor Market, by Weight (2022-2029) 10.6. South America Overhead Conveyor Market, by Technology (2022-2029) 10.7. South America Overhead Conveyor Market, by Country (2022-2029) 10.7.1. Brazil 10.7.2. Argentina 10.7.3. Columbia 10.7.4. Rest of South America 11. Company Profile: Key players 11.1. Daifuku 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. Dematic 11.3. SSI Schaefer 11.4. Dürr Group 11.5. Sanfeng Zhineng 11.6. Fives Group 11.7. Tianqi Automation 11.8. Sunrise 11.9. Zhejiang INA 11.10. AFT-Group 11.11. CALDAN Conveyor 11.12. OMH Science 11.13. KNAPP 11.14. Railtechniek 11.15. Psb Intralogistics 11.16. Niko 11.17. Pacline Overhead Conveyors 11.18. SchÃnenberger System 11.19. OCS (Axel Johnson) 11.20. Richards-Wilcox Conveyor 11.21. Kardex Remstar 11.22. Rapid Industries 11.23. FlexLink 11.24. Caterpillar 11.25. Ultimation Industries 11.26. SpanTech LLC 11.27. Lewco Conveyors 11.28. Intelligrated 11.29. Itoh Denki USA IncHB Fuller 12. Key Findings 13. Industry Recommendation