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Emerging Trends to Reshape the ASRS For Garments On Hangers Market: Innovative Automated Hanger Systems Revolutionize Efficiency and Sustainability in Garment Storage and Handling as a Key Influencer
ASRS For Garments On Hangers Market Size
ASRS For Garments On Hangers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the ASRS for garments on hangers has experienced substantial growth in past years. It is projected to increase from $1.9 billion in 2024 to $2.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. The historical period's growth is a result of the expansion of retail and e-commerce, heightened environmental consciousness, the necessity for customized storage solutions, a greater focus on effective space use and organization in warehouses, and escalating labor expenses.
ASRS For Garments On Hangers Market Size Forecast: What's the Projected Valuation by 2029?
There is an anticipation for substantial expansion in the ASRS for garments on hangers market in the upcoming years, with predictions suggesting a rise to $2.83 billion by 2029 at a compound annual growth rate (CAGR) of 8.0%. The projected growth within this period can be related to the swift expansion of fast fashion which requires nimble and effective storage solutions and an escalating request for just-in-time inventory management. The emergence of smart cities demanding intelligent logistics solutions and increased customer demand for quicker order completion also contribute to this growth. During the forecast period, main trends include the implementation of AI and machine learning, customization features, inclusion of robotics, adoption of modular blueprints, connection to the cloud, and technological enhancements.
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What Are the Drivers Transforming the ASRS For Garments On Hangers Market?
The escalating e-commerce sector is anticipated to fuel the expansion of the ASRS for the garments-on-hangers market in the future. The term e-commerce pertains to digital transactions of goods and services conducted over the internet. Enhanced internet access, the convenience of online shopping, and evolving consumer preferences are driving the growth of the e-commerce industry. The application of ASRS for garments-on-hangers significantly improves inventory management and enhances operational efficiency in e-commerce storage facilities by allowing quicker and more precise handling of clothing orders. As per the International Trade Administration's records in November 2023, the US-based Department of Commerce predicts global B2C e-commerce revenue to reach $5.5 trillion by 2027, with a stable compound annual growth rate of 14.4%. Furthermore, the gross merchandise value (GMV) in 2023 elevated to $24,453 billion, an increase from $21,019 billion in 2022. Hence, the booming e-commerce industry is propelling the growth of the ASRS for the garments-on-hangers market.
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What Long-Term Trends Will Define the Future of the ASRS For Garments On Hangers Market?
Leading companies in the Automated Storage and Retrieval System (ASRS) market for garments on hangers are shifting their focus towards technological innovations such as automated hangers to boost efficiency and cut expenses. This includes implementing sustainable actions and integrating the Internet of Things (IoT) to better manage operations and inventory. Automated hangers, which utilize technology for the effective storage and retrieval of garments, often involve the use of conveyors or robotics. These systems increase organization and reduce workforce expenses in environments like laundry and dry-cleaning services. For instance, in November 2023, RT Knits Ltd., a textile company located in Mauritius, introduced an Automated Hanger System (AHS). The AHS provides increased efficiency and lower labour costs by mechanizing the handling of garments throughout the manufacturing process. This leads to improved workflow, more stringent quality control, and increased sustainability, thereby trimming operations in the garment manufacturing sector.
Which Segments in the ASRS For Garments On Hangers Market Offer the Most Profit Potential?
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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Which Firms Dominate the ASRS For Garments On Hangers Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the ASRS For Garments On Hangers Market?
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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