Overhead conveyors help in handling, thus influencing the machine productivity located upstream or downstream, and impacting the work-in-progress and significant capital investment. Overhead conveyors help in carrying the hanged load to a chain moving continuously with a little flexibility through the whole process in the manufacturing plant.
The COVID-19 interrupted markets on a worldwide scale. The material handling sector is facing an uncertain recovery timeline because of lockdown implementations in various parts of the world. Lockdowns & limited operations of manufacturing facilities and distribution centers have delayed new orders for overhead conveyor systems. Nevertheless, the increase in trend in e-commerce is likely to fuel the demand for the market.
The Overhead Conveyor Systems Market in Europe is anticipated to lead the market because of decrease in manufacturing costs, rise in adoption of SCADA based automation, adoption of smart manufacturing methods, and growth in demand for higher productivity with energy-efficient technologies are anticipated to gain attraction in the region. Moreover, Asia-Pacific is expected to witness noteworthy growth primarily because of the rise in the manufacturing segment in the region, awareness among end-use industries to make smooth movement of goods without affecting the plant performance and efficiency.
June 2020, RJT Conveyors are fully operational after the shutdown due to COVID-19 and are spreading across North America and Europe
September 2020, SSI SCHAEFER had partnered with La Costeña, to develop a major logistics solution which aims at increasing storage capacity, picking efficiency as well as dispatch production.
October 2021, Pacline Conveyors, Inc. had announced the opening of its new manufacturing facility in North America, near Cincinnati, Ohio. The new Ohio facility is the 3rd location for Pacline as it expands its North American footprint to meet growing demand.
Some of the key players operating in Global Overhead Conveyor Systems Market are RJT Conveyors International, Niko Ltd, SSI SCHAEFER AG, Daifuku Co., Ltd., Ferag AG, PACLINE OVERHEAD CONVEYORS, Rapid Industries, Inc, Mahindra Tsubaki Conveyor Systems (MTC), OCS Overhead Conveyor System, Allied Conveyor Systems, Inc.
Impact of the COVID-19
The COVID-19 interrupted markets on a worldwide scale. The material handling sector is facing an uncertain recovery timeline because of lockdown implementations in various parts of the world. Lockdowns & limited operations of manufacturing facilities and distribution centers have delayed new orders for overhead conveyor systems. Nevertheless, the increase in trend in e-commerce is likely to fuel the demand for the market.
Regional Analysis
The Overhead Conveyor Systems Market in Europe is anticipated to lead the market because of decrease in manufacturing costs, rise in adoption of SCADA based automation, adoption of smart manufacturing methods, and growth in demand for higher productivity with energy-efficient technologies are anticipated to gain attraction in the region. Moreover, Asia-Pacific is expected to witness noteworthy growth primarily because of the rise in the manufacturing segment in the region, awareness among end-use industries to make smooth movement of goods without affecting the plant performance and efficiency.
Key Development
June 2020, RJT Conveyors are fully operational after the shutdown due to COVID-19 and are spreading across North America and Europe
September 2020, SSI SCHAEFER had partnered with La Costeña, to develop a major logistics solution which aims at increasing storage capacity, picking efficiency as well as dispatch production.
October 2021, Pacline Conveyors, Inc. had announced the opening of its new manufacturing facility in North America, near Cincinnati, Ohio. The new Ohio facility is the 3rd location for Pacline as it expands its North American footprint to meet growing demand.
Key Players
Some of the key players operating in Global Overhead Conveyor Systems Market are RJT Conveyors International, Niko Ltd, SSI SCHAEFER AG, Daifuku Co., Ltd., Ferag AG, PACLINE OVERHEAD CONVEYORS, Rapid Industries, Inc, Mahindra Tsubaki Conveyor Systems (MTC), OCS Overhead Conveyor System, Allied Conveyor Systems, Inc.
Market Taxonomy
By Type
- I-Beam Trolley Conveyors
- Enclosed Track Conveyors
- Others
By Function
- Process Link
- Process Decoupling
- Buffering/Storage, Sorting
- Sequencing
By Technology
- Pouch Sorter
- Power & Free System
By Weight
- 0-3 kg
- 3-5 kg
- 5-10 kg
- 10-20 kg
- 20-50 kg
By Capacity
- Upto 1000 items/h
- 1000-10,000 items/h
- >10,000 items/h
By Sales Channel
- Direct
- Via Main Contractors
By Automation Grade
- Manual
- Semi-Automatic
- Automatic
By Application
- E-Commerce/Retail
- Logistics
- Production Processes
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Frequently Asked Questions about the Global Overhead Conveyor Systems Market
What is the estimated value of the Global Overhead Conveyor Systems Market?
What is the growth rate of the Global Overhead Conveyor Systems Market?
What is the forecasted size of the Global Overhead Conveyor Systems Market?
Who are the key companies in the Global Overhead Conveyor Systems Market?
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | January 2022 |
Forecast Period | 2017 - 2027 |
Estimated Market Value ( USD | $ 285 Mn |
Forecasted Market Value ( USD | $ 1690.3 Mn |
Compound Annual Growth Rate | 19.5% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Overhead Conveyor Systems Market Outlook
5 Global Overhead Conveyor Systems Market, By Type
6 Global Overhead Conveyor Systems Market, By Function
7 Global Overhead Conveyor Systems Market, By Technology
8 Global Overhead Conveyor Systems Market, By Weight
9 Global Overhead Conveyor Systems Market, By Capacity
10 Global Overhead Conveyor Systems Market, By Sales Channel
11 Global Overhead Conveyor Systems Market, By Automation Grade
12 Global Overhead Conveyor Systems Market, By Application
13 Global Overhead Conveyor Systems Market, By Region
11 North America Overhead Conveyor Systems Analysis and Forecast (2021 – 2027)
12 Europe Overhead Conveyor Systems Market Analysis and Forecast (2021 – 2027)
13 Asia Pacific Overhead Conveyor Systems Market Analysis and Forecast (2021 – 2027)
14 Latin America Overhead Conveyor Systems Market Analysis and Forecast (2021 – 2027)
15 Middle East Overhead Conveyor Systems Market Analysis and Forecast (2021 – 2027)
16 Competitive Analysis
17 Company Profiles
Companies Mentioned
- RJT Conveyors International
- Niko Ltd
- SSI SCHAEFER AG
- Daifuku Co. Ltd.
- Ferag AG
- PACLINE OVERHEAD CONVEYORS
- Rapid Industries Inc
- Mahindra Tsubaki Conveyor Systems (MTC)
- OCS Overhead Conveyor System
- Allied Conveyor Systems Inc