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ASRS For Garments On Hangers Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
ASRS For Garments On Hangers
What Is the Expected ASRS For Garments On Hangers Market Size During the Forecast Period?
The market for Automated Storage and Retrieval Systems (ASRS) for garments on hangers has seen robust growth recently. The market, which stood at $1.9 billion in 2024, is projected to rise to $2.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. The significant growth during the historic period is likely due to the emergence of retail and e-commerce, escalating environmental consciousness, the need for customized storage solutions, a greater focus on efficient space usage and organization within warehouses, along with increasing labor expenses.
The market for ASRS for garments on hangers is predicted to undergo significant growth in the upcoming years, swelling to a worth of $2.83 billion by 2029, with an 8.0% compound annual growth rate. Factors contributing to the anticipated growth during this period include the quick-paced expansion of fast fashion requiring agile and efficient storage solutions, the increasing need for just-in-time inventory management, the development of smart cities requiring smart logistics solutions, and a growing consumer demand for quicker order fulfillment. Key trends in this period are expected to be the integration of AI and machine learning, customization options, the inclusion of robotics, adoption of modular designs, cloud connectivity, and progress in technology.
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What Are the High-Growth Segments in 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 Key Drivers Are Expected to Influence Future ASRS For Garments On Hangers Market Growth?
The increasing growth of the online commerce industry is predicted to fuel the rise of ASRS for the garments-on-hangers market in the future. The notion of the e-commerce sector encompasses the digital trade of goods and services over the Internet. The advancement in the e-commerce industry can be attributed to the rise in internet accessibility, the convenience factor, and a shift in consumer behavior towards online shopping. ASRS for garments on hangers enhances the effectiveness of inventory control and promotes efficiency in e-commerce warehouses by allowing for swift and precise processing of apparel orders. For example, as per the International Trade Administration which is a branch of the Department of Commerce in the US, in November 2023, the worldwide B2C e-commerce income is anticipated to escalate to $5.5 trillion by 2027 at a consistent compound annual growth rate of 14.4%. Moreover, the gross merchandise value (GMV) in 2023 escalated to $24,453 billion from $21,019 billion in 2022. Hence, the burgeoning e-commerce industry is propelling the ASRS for the garments-on-hangers market.
Which Companies Hold the Largest Share Across Different ASRS For Garments On Hangers Market Segments?
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 Trends Are Driving Growth in The ASRS For Garments On Hangers Market?
Key players in the 'ASRS for garments on hangers' market are concentrating their efforts on the development of technologically advanced solutions such as automated hangers to boost efficiency while lessening expenses. A focus on sustainable operations and IoT integrations to fine-tune tasks and enhance stock management is also evident. Automated hangers are systems that leverage technology to store and recall garments effectively, typically utilizing robotics or conveyors. This technology proves advantageous in improving organization and cutting labour expenses in sectors like laundry and dry cleaning services. For instance, RT Knits Ltd., a textile company based in Mauritius, unveiled its Automated Hanger System (AHS) in November 2023. The AHS augments efficiency and curbs labour costs by automating garment manipulation throughout the manufacturing process. It boosts workflow, improves quality control, and promotes sustainability, eventually smoothing operations in the garment production sector.
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What Are the Emerging Geographies for The ASRS For Garments On Hangers Market Growth?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the ASRS For Garments On Hangers Market?
2. What is the CAGR expected in the ASRS For Garments On Hangers Market?
3. What Are the Key Innovations Transforming the ASRS For Garments On Hangers Industry?
4. Which Region Is Leading the ASRS For Garments On Hangers Market?
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