Overhead Conveyor Systems Market Global Research Report 2020 Analysis & Forecast to 2025

Market Research Future (MRFR) Announces the Publication of its Cooked Research Report — Global Overhead conveyor systems Market 2019–2025.
The global market for overhead conveyor systems is expected to be valued at USD 812.2 million metric tons by 2025, at a CAGR of 5.18% during the forecast period (2019–2025). 
The report covers segmentation and drivers for a better glimpse of the market in the coming years. An overhead conveyor system is installed in various manufacturing plants for the movement of goods with high productivity, enhanced performance, minimum errors, less risk of damage to goods, and reduced wastage of resources. They use the unutilized vertical space of the ceiling for the movement of goods. The overhead conveyor system can be classified into manual and automatic. Manual overhead conveyor systems are used in warehouse facilities while automatic overhead conveyor systems are used in distribution and manufacturing facilities. They enable automated movement of goods, higher accuracy, and reliability, and provide maximized floor space.
Competitive Analysis
Some of the key industry participants of the global overhead conveyor systems market 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, Schönenberger Systeme GmbH, Herbert Kannegiesser GmbH, OCS Overhead Conveyor System Ltd, CALDAN Conveyor A/S, KEWESTA GmbH, and JENSEN-GROUP.
TGW LOGISTICS GROUP revealed its innovative OmniPick pocket sorter at LogiMAT 2019 in Stuttgart, Germany. The new sorter system is based on zero-touch or fully automated technology. 
Ferag developed the Skyfall pouch sorter to meet the demand for automatic loading and unloading stations. The company aims to automate the Skyfall pouch sorter, mainly for the packaging industry.  
Ferag revealed the electronics and software specifications for its Skyfall systems product line. The innovation was aimed at allowing great agility in incorporating the technology across “Industry 4.0” and “Logistics 4.0” applications.
Segmental Analysis
The global market for overhead conveyor systems is segmented based on by function, technology, weight, capacity, sales channel, automation grade, application  The global overhead conveyor systems market has been segmented, on the basis of function, into process link, process decoupling, buffering/storage, sorting, commissioning, and sequencing. The Buffering/Storage segment held the largest market share in 2018. Buffering overhead conveyor systems are a series of conveyors that provide a degree of accumulation capability above and beyond their normal transport function. These systems offer a combination of speed, rate, and backpressure control to allow for minor stoppages in downstream equipment without having to stop upstream equipment immediately. 
The global overhead conveyor systems market has been segmented, on the basis of technology, into pouch sorter, power & free systems. The power & free systems segment is leading the global overhead conveyor systems market with a share of 63.90%.
The global overhead conveyor systems market has been segmented, on the basis of weight, into 10–20 kg, 5–10 kg, 20–50 kg, 3–5 kg, and 0–3 kg. 
The global overhead conveyor systems market has been segmented, on the basis of application, into e-commerce/retail, logistics, and production processes. 
The global overhead conveyor systems market has been segmented, on the basis of capacity, into up to 1000 items/h, 1000–10,000 items/h, and >10,000 items/h. The 1000–10,000 items/h segment is leading the global overhead conveyor systems market with a share of 56.59%.  
The global overhead conveyor systems market has been divided, on the basis of sales channel, into direct and via main contractors. The via main contractors segment held a 65.72% share of the market in 2018, primarily due to the strong distribution reach of such contractors.
The global overhead conveyor systems market has been segmented, on the basis of automation grade, into manual, semi-automatic, and automatic. The automatic segment held the largest share of 43.87% in 2018, as this type of overhead conveyor system ensures high accuracy and precision during operations.
Regional Analysis
Geographic analysis of the global overhead conveyor systems market spans across North America, Asia-Pacific, Europe, and the Rest of the World.
In 2018, Europe accounted for the largest market share of 35.45% in 2018, with a market value of USD 203.7 million; the market is expected to register a CAGR of 4.11% during the forecast period. Asia-Pacific was the second-largest market in 2018, valued at USD 178.2 million; it is projected to grow at the highest CAGR of 6.30%. Europe accounted for the largest market share of 35.45% in 2018, with a market value of USD 203.7 million; the market is expected to register a CAGR of 4.11% during the forecast period. Asia-Pacific was the second-largest market in 2018, valued at USD 178.2 million; it is projected to grow at the highest CAGR of 6.30%.
Asia-Pacific is an emerging and leading market for overhead conveyor systems due to an increase in foreign direct investments in manufacturing industries, growing manufacturing base, and rising end-use industries, such as automotive, food & beverage, and retail. 
In China, the increase in innovation and development in automatic conveying systems, growing industrial automation market, adoption of automation in electronics and automotive industries, strong support from government to boost the manufacturing sector, and presence of major conveyor system manufacturers are expected to witness a rise in demand for overhead conveyor systems in the country.

Comments

Post a Comment

Popular posts from this blog

New Tools and Technology Development will drive Industrial safety market share in coming years

The growing concern for safety towards labors is expected to surge the global industrial safety market, states Market Research Future (MRFR). MRFR reveals that the global  industrial safety market share  is poised to expand with a CAGR of 8.2% over the forecast period (2019–2024). In 2019, the market valued USD 3,345.3 million. MRFR mentions that the global industrial safety market can touch a valuation of USD 5,290.1 million by 2024. Market Insights The robust execution of stringent government norms regarding workers safety, across the world, is expected to impel the industrial safety market growth. The mining, the chemical, the oil and gas, and the pharmaceutical industries are some of the high end-users of the industrial safety solutions. The increase in research and developmental activities in these industries is expected to gain momentum for the global industrial safety market. Technical advancements such as Internet of Things (IoT) and Artificial Intelligence (AI) ...
Read more

Solid State Transformer Market 2020 World Analysis and Forecast to 2023

The global  solid state transformer market  is projected to witness a rapid growth during the forecast period owing to increasing demand for solid-state transformer solutions. Moreover, increasing demand for solid-state transformers due to the overstated use of renewable energy as a preferred source of electricity generation and distribution is one major factor driving the growth of solid state transformer market. The global solid state transformer market by geography is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to witness significant growth and hold the largest share of the global market during the forecast period. Germany and U.K are anticipated to drive the growth of the solid state transformer market in Europe region owing to the presence of a large number of established key players such as ABB Ltd., Alstom SA, Siemens AG, Schneider Electric SE, and Amantys Limited among others in this region. Due to su...
Read more

Impact of Corona Virus on the Global Tire Curing Press Market

Metal embossing machine is based on the principle of metal stamping technology. The machine is primarily carried out by passing sheet or metal strip between the rolls of desired pattern in the machine. The main metals used for the process are aluminum (all alloys), brass, card stock, copper, galvanized steel, hot rolled steel, steel (all alloys), and zinc. Increase in the need for product tagging and growth in demand for three-dimensional patterns on metal are the main driving factors for the global  Covid-19 Analysis on Metal Embossing Machine market . Moreover, increase investment towards the research and development to minimize the high cost of the automated machines are expected to enhance the demand for automated metal embossing machine in the market during the forecast period. The change in consumer purchasing behavior through shifting preference for automated metal embossing machine compared to manual automated metal embossing machine further create opportunities in the ...
Read more