Global Overhead Conveyor System Market 2024-2028
The overhead conveyor system market is forecasted to grow by USD 528.98 million during 2023-2028, accelerating at a CAGR of 5.51% during the forecast period. The report on the overhead conveyor system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for lean manufacturing practices, rise in e-commerce and warehouse automation solutions, and growing demand for modular overhead conveyor solutions.
Technavio's overhead conveyor system market is segmented as below:
By End-user
- Automotive
- Logistics and e-commerce
- Food and beverage
- Others
By Capacity
- 0 Kg-50 Kg
- 51 Kg-500 Kg
- Above 501 Kg
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the integration of Industry 4.0 technologies with overhead conveyor systems as one of the prime reasons driving the overhead conveyor system market growth during the next few years. Also, emergence of hybrid conveyor systems and innovations in materials and components used in overhead conveyor systems will lead to sizable demand in the market.
The report on the overhead conveyor system market covers the following areas:
- Overhead conveyor system market sizing
- Overhead conveyor system market forecast
- Overhead conveyor system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading overhead conveyor system market vendors that include Aravali Engineers , ArSai Conve Systems , Bridgeveyor, Caldan Conveyor A S, Certina Holding, Chass Eng.Pvt Ltd., Daifuku Co. Ltd, Durr AG, Dynamic Conveyor Corp., FIVES SAS, KNAPP AG, MIDEA Group Co. Ltd., NIKO HELM HELLAS SA, OCS Overhead Conveyor System Ltd, OMH Group, Pacline Conveyors Inc., psb intralogistics GmbH, Railtechniek B.V., Rapid Industries, Schonenberger Systeme GmbH, Siemens AG, SSI Schafer IT Solutions GmbH, and United Engineering Industries. Also, the overhead conveyor system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.