Global Overhead Conveyor Systems Market Overview

As per Market Research Future (MRFR), The global overhead conveyor systems market is expected to grow from USD 0.63 Billion in 2023 to USD 1.0 Billion by 2032 metric tons with a CAGR of 5.18% from 2023 - 2032 (forecast period).

Conveyor systems, a mechanical handling equipment, have recently gained substantial demand from the industrial sector for process automation. Its ability to carry heavy and bulk materials is used in various sectors, such as retail, food & beverage, and automotive. In addition, conveyor systems are customized according to the industry needs.

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Market Dynamics

The growth of the market for overhead conveyor systems is driven by numerous factors, such as the growing adoption of automated systems in manufacturing and the high productivity and system efficiency of overhead conveyor systems. Nevertheless, market growth is expected to be hampered due to high initial and maintenance costs.

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.

Key Players

Notable players in the global overhead conveyor systems market are

·   SSI SCHAEFER AG

·   Dematic

·   TGW LOGISTICS GROUP

·   Vanderlande Industries

·   Jiangsu Huazhang Logistics Technology Co., Ltd

·   Dürkopp Fördertechnik GmbH

·   Daifuku Co., Ltd

·   Ferag AG

·   psb intralogistics GmbH

·   PACLINE OVERHEAD CONVEYORS

·   Allied Conveyor Systems

·   Rapid Industries, Inc.

·   Bastian Solutions, Inc.

·   Schönenberger Systeme GmbH

·   Herbert Kannegiesser GmbH

·   CALDAN Conveyor A/S

·   OCS Overhead Conveyor System Ltd

·   KEWESTA GmbH

·   JENSEN-GROUP

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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