Overhead Conveyor Market Size, Share, Trends, Demand, Growth and Competitive Outlook
Overhead Conveyor Market By Product Type (I-Beam Trolley Conveyors, Enclosed Track Conveyors and Others), Application (Construction, Industrial, Oil and Gas, Transportation and Others), Function (Process Link, Process Decoupling, Buffering/ Storage, Sorting and Sequencing), Technology (Pouch Sorter and Power and Free System), Capacity (Up to 1000 items/H, 1000-10000 items/H and >10000 items/H), Weight (0-3 kg, 3-5 kg, 5-10 kg, 10-20 kg and 20-50 kg), Sales Channel (Direct and Via Main Contractors), Automation Grade (Manual, Semi-Automatic and Automatic), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Growing focus on the technological advancements by the major manufacturers, rising up gradation of existing infrastructure with advanced systems, increasing need and demand for handling larger volumes of goods and growing focus on enhancing the productivity are the major factors attributable to the growth of overhead conveyor market. Data Bridge Market Research analyses that the overhead conveyor market will exhibit a CAGR of 5.10% for the forecast period of 2021-2028. Therefore, the overhead conveyor market value, which was USD 812,452.10 million in 2020, would rocket up to USD 1,209,537.93 million by 2028.
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Overhead Conveyor Market Data Summary
Segments
- By Product Type: Monorail Overhead Conveyors, Twin Track Overhead Conveyors, Enclosed Track Overhead Conveyors, and others.
- By Load Capacity: Up to 50 Kg, 50-100 Kg, 100-200 Kg, and more than 200 Kg.
- By Application: Automotive, Retail, Food & Beverage, Aerospace, and others.
- By Distribution Channel: Direct Sales, Indirect Sales.
The global overhead conveyor market is segmented based on various factors such as product type, load capacity, application, and distribution channel. Monorail overhead conveyors are expected to witness significant growth due to their efficiency in moving a wide range of products. Twin track overhead conveyors are also gaining traction in industries where a heavy load capacity is required. Enclosed track overhead conveyors are preferred in industries where products need protection during transportation. In terms of load capacity, the segment of 50-100 Kg is projected to expand at a rapid pace owing to its suitability for various industrial applications. The automotive sector is the major application segment for overhead conveyors due to the need for efficient material handling in assembly lines. The retail and food & beverage sectors are also likely to contribute to market growth as these industries adopt automated solutions for smoother operations. Direct sales are the dominant distribution channel for overhead conveyors as it allows manufacturers to have better control over pricing and customer relationships.
Market Players
- Daifuku Co., Ltd.
- Invata Intralogistics
- SSI SCHAEFER
- Fives
- Dürr AG
- Murata Machinery, Ltd.
- Eisenmann SE
- TGW Logistics Group
- Viastore Systems GmbH
Key players in the global overhead conveyor market include Daifuku Co., Ltd., Invata Intralogistics, SSI SCHAEFER, Fives, Dürr AG, Murata Machinery, Ltd., Eisenmann SE, TGW Logistics Group, and Viastore Systems GmbH. These companies are actively involved in product development, strategic partnerships, and mergers & acquisitions to strengthen their market presence. Daifuku Co., Ltd. is a prominent player known for offering a wide range of material handling solutions, including overhead conveyors, to cater to the evolving needs of various industries. Invata Intralogistics specializes in designing and implementing automated systems, including overhead conveyors, to enhance operational efficiency for its clients. SSI SCHAEFER is a leading provider of warehouse automation solutions, including overhead conveyors, to streamline logistics processes for businesses worldwide. Collaborations and investments in research and development activities are expected to drive the market growth for these key players in the overhead conveyor industry.
The global overhead conveyor market is experiencing significant growth driven by factors such as the increasing need for efficient material handling solutions across various industries. With the rise in automation and the demand for streamlined processes, overhead conveyors are becoming crucial in enhancing operational efficiency and productivity. The market segmentation based on product type, load capacity, application, and distribution channel provides a comprehensive view of the industry landscape, catering to diverse needs and requirements.
In terms of product type, the demand for monorail overhead conveyors is witnessing an upward trend due to their versatility in transporting a wide range of products efficiently. Twin track overhead conveyors are also gaining popularity, especially in industries requiring heavy load capacities. Enclosed track overhead conveyors are preferred for applications where product protection during transportation is essential, driving their adoption in various sectors.
The segmentation based on load capacity highlights the growth potential of the 50-100 Kg segment, as it meets the needs of multiple industrial applications. The automotive industry remains a significant application segment for overhead conveyors, given the emphasis on efficient material handling in assembly lines. Additionally, the retail and food & beverage sectors are expected to contribute to market growth as they increasingly adopt automated solutions for improved operational efficiency.
Direct sales continue to dominate the distribution channel for overhead conveyors, enabling manufacturers to maintain control over pricing strategies and customer relationships. This direct approach allows for better customization and service options, further enhancing the overall customer experience.
Key market players such as Daifuku Co., Ltd., Invata Intralogistics, SSI SCHAEFER, and others are actively engaged in product innovation, strategic partnerships, and expansion strategies to solidify their market presence. Collaborations and investments in research and development activities are anticipated to drive innovation and propel market growth for these leading companies in the overhead conveyor industry.
Overall, the global overhead conveyor market is poised for continued expansion as industries across various sectors recognize the benefits of automated material handling solutions in improving efficiency, productivity, and overall operational performance. The evolving market dynamics present opportunities for innovation and growth, making it a pivotal time for stakeholders to capitalize on the burgeoning demand for overhead conveyor systems.The global overhead conveyor market is witnessing steady growth driven by the increasing need for efficient material handling solutions across a wide range of industries. As industries continue to embrace automation and seek streamlined processes for enhanced operational efficiency and productivity, the demand for overhead conveyors is on the rise. This trend is expected to propel the market forward, creating opportunities for market players to capitalize on the growing demand for such solutions.
One key trend in the market is the shifting preference towards monorail overhead conveyors, which offer versatility in transporting various products efficiently. While monorail overhead conveyors continue to be popular, twin track overhead conveyors are also gaining traction, especially in industries with heavy load requirements. Additionally, enclosed track overhead conveyors are being increasingly adopted in sectors where product protection during transportation is essential, further driving their market growth.
The automotive sector remains a significant application segment for overhead conveyors, given the industry's focus on efficient material handling within assembly lines. Furthermore, the retail and food & beverage industries are expected to contribute to the market growth as they increasingly adopt automated solutions to enhance operational efficiency and meet consumer demands.
Direct sales remain the dominant distribution channel for overhead conveyors, enabling manufacturers to maintain control over pricing strategies and build strong customer relationships. Furthermore, the direct sales approach allows for better customization and service options, enhancing the overall customer experience and satisfaction.
Key market players such as Daifuku Co., Ltd., Invata Intralogistics, and SSI SCHAEFER are actively driving market growth through product innovation, strategic partnerships, and expansion strategies. By investing in research and development activities and collaborating with industry partners, these companies are well-positioned to lead the market and meet the evolving needs of customers across various sectors.
Overall, the global overhead conveyor market presents significant growth opportunities for stakeholders as industries recognize the benefits of automated material handling solutions in improving efficiency, productivity, and operational performance. With ongoing technological advancements and changing market dynamics, the overhead conveyor market is poised for continued expansion, making it a crucial time for market players to innovate and capitalize on the increasing demand for overhead conveyor systems.
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Overhead Conveyor Market Overview: Strategic Questions for Analysis
- What is the size of the global Overhead Conveyor Market industry this year?
- What rate of growth is forecasted for the next decade for Overhead Conveyor Market?
- What are the key divisions of the Overhead Conveyor Market?
- Which organizations have the strongest presence in Overhead Conveyor Market?
- Which markets are the focus of the geographic analysis for Overhead Conveyor Market ?
- What companies are featured in the competitive landscape for Overhead Conveyor Market?
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