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Key Influencer in the ASRS For Garments On Hangers Market 2025: E-Commerce Boom Fuels Growth In ASRS For Garments On Hangers Market Driver
ASRS For Garments On Hangers Market Share
The ASRS for garments on hangers market has experienced strong growth in recent years. It is expected to expand from $1.9 billion in 2024 to $2.08 billion in 2025, at a compound annual growth rate (CAGR) of 9.5%. The historical growth can be attributed to the rise of retail and e-commerce, increasing environmental awareness, the demand for customized storage solutions, a greater focus on efficient space utilization in warehouses, and rising labor costs.
The ASRS for garments on hangers market is expected to grow to $2.83 billion by 2029, at a CAGR of 8.0%. Growth drivers include the rise of fast fashion, smart city logistics, and the demand for agile storage solutions. Major trends include AI and machine learning integration, robotics, and cloud connectivity.
What Factors Are Propelling the Expansion of the ASRS For Garments On Hangers Market?
The growing e-commerce industry is expected to propel the growth of the ASRS for garments-on-hangers market. The e-commerce industry involves the online exchange of goods and services via the internet, driven by increased internet access, convenience, and changing consumer preferences for online shopping. ASRS for garments-on-hangers improves inventory management and enhances efficiency in e-commerce warehouses by speeding up and streamlining clothing order processing. For example, a November 2023 report by the International Trade Administration, a US-based Department of Commerce agency, forecasted that global B2C e-commerce revenue would reach $5.5 trillion by 2027, with a steady 14.4% annual growth rate. The gross merchandise value (GMV) was $24,453 billion in 2023, up from $21,019 billion in 2022. As such, the growth of the e-commerce industry is driving the ASRS for garments-on-hangers market.
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Which Businesses Are at the Forefront of ASRS For Garments On Hangers Market Development?
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 Latest Innovations in the ASRS For Garments On Hangers Market?
In the ASRS for garments on hangers market, companies are focusing on technologically advanced solutions like automated hangers to improve efficiency and reduce costs. In November 2023, RT Knits Ltd., a textile company from Mauritius, launched an Automated Hanger System (AHS) to streamline garment handling, improving workflow and sustainability in the garment manufacturing industry.
How Is the ASRS For Garments On Hangers Market Segmented?
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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Where Is the ASRS For Garments On Hangers Market Growth Most Prominent?
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.
What Is Covered In The ASRS For Garments On Hangers Global Market Report?
- Market Size Analysis: Analyze the ASRS For Garments On Hangers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the ASRS For Garments On Hangers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall ASRS For Garments On Hangers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the ASRS For Garments On Hangers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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