The asrs for garments on hangers global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
ASRS For Garments On Hangers Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The ASRS for garments on hangers market size has grown strongly in recent years. It will grow from $1.73 billion in 2023 to $1.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to rise of retail and e-commerce, growing environmental awareness, demand for tailored storage solutions, increasing emphasis on efficient space utilization and organization within warehouses, rising labor costs.
The ASRS for garments on hangers market size is expected to see strong growth in the next few years. It will grow to $2.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to rapid growth of fast fashion necessitates agile and efficient storage solutions, increasing demand for just-in-time inventory management, the rise of smart cities necessitates smart logistics solutions, increasing consumer demand for faster order fulfillment. Major trends in the forecast period include integration of AI and machine learning, customization options, robotics integration, adoption of modular designs, cloud connectivity, advancement in technology.
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Scope Of ASRS For Garments On Hangers Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
ASRS For Garments On Hangers Market Overview
Market Drivers –
The rising e-commerce industry is expected to propel the growth of the ASRS for the garments-on-hangers market going forward. The e-commerce sector refers to the online exchange of goods and services through the Internet. The E-commerce industry is driven by increased internet penetration, convenience, and changing consumer preferences favoring online shopping. ASRS for garments on hangers streamlines inventory management and boosts efficiency in e-commerce warehouses by enabling faster and more accurate processing of clothing orders. For instance, in November 2023, according to the International Trade Administration, a US-based Department of Commerce, the global B2C e-commerce revenue is expected to grow to $5.5 trillion by 2027 at a steady 14.4% compound annual growth rate. Additionally, the gross merchandise value (GMV) in 2023 was $24,453 billion up from $21,019 billion from 2022. Therefore, the rising e-commerce industry is driving ASRS for the garments-on-hangers market.
Market Trends –
Major companies operating in the ASRS for garments on hangers market are focusing on introducing intelligent and advanced solutions, such as automated single-pick storage and retrieval systems, to enhance its market offering and product options within the market. It is utilized for efficient and precise warehouse inventory handling and streamlining operations through automated picking and storage processes. For instance, in April 2021, Planiform, a US-based automated garments-on-hanger solutions provider company, launched GOH Hivea. This innovative system is powered by smart robots, enhancing the efficiency of storing and retrieving garments on hangers. The GOH HivEA solution aims to optimize storage space, improve retrieval processes, and enhance operational efficiency in handling garments on hangers. This launch signifies a significant advancement in automated solutions for the garment industry, offering improved time management, space utilization, labor efficiency, and customer satisfaction.
The ASRS for garments on hangers market covered in this report is segmented –
1) By Type: Garment Rail System, Garment Conveyor, Garment Property Storage, Other Types
2) By Load: Unit Load, Mid Load, Vertical Lift Module (VLM), Carousel, Mini Load
3) By Application: Warehousing And Logistics, Retail Third-Party Logistic (3PL), Hotels, Hospitals And Institutes, Other Applications
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Regional Insights –
North America was the largest region in the ASRS for garments on hangers market in 2023. The regions covered in the ASRS for garments on hangers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the ASRS for garments on hangers market are Dematic Corporation, Daifuku Co. Ltd., Vanderlande Industries Holding B.V., KNAPP AG, Mainetti, Mecalux S.A., TGW Logistics Group GmbH, Bastian Solutions Inc., Vecna Robotics Inc., Kardex AG, J.S. Hanger, Whitmor, SSI SCHAEFER Systems International Holding AG, Interroll Group, M&B Hangers, Conveyco Technologies Inc., Henry Hanger, Bend & Hook, Swisslog Holding AG, Noega Systems S.L., Westfalia Technologies Inc., Geek+ Robotics (Beijing) Co. Ltd., Bend & Hook
Table of Contents
1. Executive Summary
2. ASRS For Garments On Hangers Market Report Structure
3. ASRS For Garments On Hangers Market Trends And Strategies
4. ASRS For Garments On Hangers Market – Macro Economic Scenario
5. ASRS For Garments On Hangers Market Size And Growth
…..
27. ASRS For Garments On Hangers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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