What is Overhead Conveyors Market?
Overhead conveyors use a single rail, whether manual or driven, from which the conveying means and load handling takes place over work areas. Overhead conveyors utilize the open space above machines and people, which quite often is idle space. Overhead conveyors can be connected to follow almost any continuous path, changing direction both horizontally and vertically. Overhead conveyors can be delivered in either enclosed track or I-Beam construction based upon weight volume and application.
The market study is being classified by Type (Enclosed Track, I-Beam Trolley and Power & Free), by Application (Automotive, House hold Appliances, Footwear, Food & Beverages, Consumer Goods, Pharmaceuticals and Others) and major geographies with country level break-up.
Emerson Electric (United States), Siemens (Germany), Caterpillar (United States), Dorner Conveyors (United States), Daifuku (Japan), Dematic Group (United States), Eisenmann (Germany), Pacline Overhead Conveyors (Canada), Allied Conveyor Systems, Inc. (United States) and Conveyors & Drives, Inc. (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are IntelliFinishing (United States), NikoTrack (United Kingdom) and Bastian Solutions, Inc. (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Overhead Conveyors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Overhead Conveyors market by Type, Application and Region.
On the basis of geography, the market of Overhead Conveyors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Handling Larger Volumes of Goods and Improving Productivity
- Growing Vehicle Production to Increase the Demand for Conveyor Systems
- Increased Demand for Processed Food to Boost the Demand for Food & Beverage Industry
Market Trend
- Increasing Passenger Handling Capacities of Airports & Freight Worldwide
- Increasing E-Commerce Industry
Restraints
- High Initial Investments
- Concerns over Environmental Impact of Mining Activities
Opportunities
- Increasing Digitization in Material Handling Industry
- Growing Manufacturing Industry in Developing Countries
Challenges
- Dearth of Skilled Workforce for Repair and Maintenance
Market Leaders and some development strategies
On September 9, 2019 - Dematic has announced a partnership agreement with OPEX Corporation that enables Dematic to act as an integrator of Sure Sort, a small-item sorting system. The agreement expands the omnichannel order fulfillment offering of Dematic and provides customers with more options that bring productivity and efficiency to item order consolidation.
OSHA Regulation 1926.555(a) provides the General requirements, under Sec 1926.555(a)(8) states that all conveyors in use shall meet the applicable requirements for design, construction, inspection, testing, maintenance, and operation, as prescribed in the ANSI B20.1-1957, Safety Code for Conveyors, Cableways, and Related Equipment.
Key Target Audience
Manufacturers of Overhead Conveyors, Suppliers of Overhead Conveyors, Wholesalers, Distributors and Retailers of Overhead Conveyors, Food & Beverage Industry, Automobile Industry, Raw Material Providers and Governmental Bodies