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How are market drivers shaping the future growth trajectory of the asrs for garments on hangers industry?
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.
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What is the estimated market size of the asrs for garments on hangers sector by 2029, based on current forecasts?
The ASRS for garments on hangers market size has grown strongly in recent years. It will grow from $1.9 billion in 2024 to $2.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. 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 $2.83 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. 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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Who are the top players in the asrs for garments on hangers market?
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
What are the major trends in the asrs for garments on hangers market?
Major companies operating in the ASRS for garments on hangers’ market are focusing on technologically advanced solutions, such as automated hangers to enhance efficiency and reduce costs. They are also prioritizing sustainable practices and IoT integration to optimize operations and improve inventory management. An automated hanger is a system that uses technology to efficiently store and retrieve garments, often employing conveyors or robotics. It enhances organization and reduces labour costs in settings like dry cleaning and laundry services. For instance, in November 2023, RT Knits Ltd., a Mauritius-based textile company, launched an Automated Hanger System (AHS). The Automated Hanger System (AHS) enhances efficiency and reduces labour costs by automating garment handling throughout the production process. It improves workflow, quality control, and sustainability, ultimately streamlining operations in the garment manufacturing industry.
Which geography holds the highest asrs for garments on hangers market share?
North America was the largest region in the ASRS for garments on hangers market in 2024. 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.
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How do different segments contribute to the overall expansion of the asrs for garments on hangers market?
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
Subsegments:
1) By Garment Rail System: Overhead Rail Systems, Vertical Rail Systems
2) By Garment Conveyor: Automated Conveyor Belts, Shuttle Conveyors
3) By Garment Property Storage: Hanging Storage Systems, Modular Storage Units
4) By Other Types: Mobile Racking Systems, Vertical Lift Modules (VLM), Custom Automated Solutions
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What defines the structure and scope of the asrs for garments on hangers market?
Automated storage and retrieval system (ASRS) for garments on hangers refers to a sophisticated storage solution that utilizes automated technology to efficiently store and retrieve hanging garments in a warehouse or distribution center. This system is designed to maximize space utilization and streamline the handling of clothing items on hangers, enhancing overall efficiency in the supply chain.
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