Press release
Global ASRS For Garments On Hangers Market Expansion at 7.6% CAGR, Valued at $2.74 Billion by 2029
ASRS For Garments On Hangers
What Are the ASRS For Garments On Hangers Market Size Forecast for 2025?
The market for hanger garments' Automated Storage and Retrieval Systems (asrs) has seen significant growth over recent years. The market's projection indicates a surge from $1.9 billion in 2024 to $2.05 billion in 2025, with a compound annual growth rate (CAGR) of 7.9%. The upwards trend during the historic period is largely due to the expansion of retail and e-commerce sectors, heightened environmental consciousness, a growing demand for customized storage options, an increased focus on optimal space management and organization in warehouses, and an influx in labor expenses.
What Is the Market Size Outlook for ASRS For Garments On Hangers Until 2029?
Expectations are high for robust expansion in the asrs for garments on hangers market over the upcoming years. It's forecasted to reach $2.74 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.6%. Factors contributing to this growth within the forecast period range from the burgeoning fast fashion industry requiring agile and efficient storage solutions, to evolving consumer demands for prompt order completion, the need for smart logistics solutions with the emergence of smart cities, and an increased need for just-in-time inventory management. The forecast period is also likely to witness key trends such as AI and machine learning integration, customization opportunities, robotics incorporation, the adoption of modular designs, cloud connectivity, and technological advancements.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/asrs-for-garments-on-hangers-global-market-report
What Are the Major Factors Driving Demand in the ASRS For Garments On Hangers Market?
The escalating e-commerce sector is anticipated to stimulate the expansion of the ASRS for the garments-on-hangers market in the future. E-commerce refers to the digital trade of products and services via the internet. The growth of this sector derives from increasing online accessibility, ease of shopping, and a shift in consumer behavior towards online shopping. ASRS for garments on hangers enhances inventory management and increases efficiency in e-commerce warehouses by allowing quicker and more precise handling of clothing orders. For instance, data from the International Trade Administration, a branch of the US Department of Commerce, in November 2023 predicts that global B2C e-commerce revenue will hit $5.5 trillion by 2027, showing a consistent compound growth rate of 14.4%. Furthermore, the gross merchandise value (GMV) in 2023 climbed to $24,453 billion, a jump from $21,019 billion in 2022. Hence, the burgeoning e-commerce sector is fuelling the ASRS for the garments-on-hangers market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14256&type=smp
How Are End-Use Segments Shaping the ASRS For Garments On Hangers Market Outlook?
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
What Are the Strategic Trends Transforming the ASRS For Garments On Hangers Market Landscape?
Major firms in the 'ASRS for garments on hangers' market are shifting their focus towards more technologically innovative solutions, such as automated hangers, with the goal of improving efficiency and cutting costs. In addition, these companies are keeping sustainable practices and Internet of Things (IoT) integration at the forefront to optimise their operations and enhance the handling of inventory. An automated hanger system, which often incorporates conveyors or robotics, utilizes technology to efficiently manage storage and retrieval of clothes, thereby saving on labour costs in areas like laundry and dry cleaning services. To illustrate this, RT Knits Ltd., a Mauritius-based textile firm, introduced an Automated Hanger System (AHS) in November of 2023. The AHS is designed to save on labour costs and increase efficiency by automating the handling of garments throughout the manufacturing process, improving workflow, quality control, and sustainability and bringing about better operational efficiency in the clothing production industry.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=14256&type=smp
Who Are the Prominent Companies in the ASRS For Garments On Hangers Market by ?
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 Region Is Expected to See the Highest CAGR 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.
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global ASRS For Garments On Hangers Market Expansion at 7.6% CAGR, Valued at $2.74 Billion by 2029 here
News-ID: 4174948 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
More Releases for ASRS
Key Influencer in the ASRS For Garments On Hangers Market 2025: E-Commerce Boom …
"What Is the Forecasted Market Size and Growth Rate for the ASRS For Garments On Hangers Market?
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,…
Germany ASRS Market 2023 Driving Factors Forecast Research 2029
The German automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of over 10.0% during the forecast period. This Germany ASRS Market research report focuses more on a number of distinctive as well as foremost market sectors. It further focuses market segmentation. Industry-specific interviews are carried out with market players to foresee future business growth. Various facets of the industry are also depicted here under…
US ASRS Market 2023 Driving Factors Forecast Research 2029
The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. US ASRS Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory…
Indian ASRS Market 2023 Driving Factors Forecast Research 2029
The Indian automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 12.7% during the forecast period. Indian ASRS Market report provides us with a complete outlook on thorough assessment of thorough data about vital feature of the global industry related to market size, revenue, development and market sales. This study report captures regulatory concerns and entry barriers that greatly affect the market growth. This…
China ASRS Market to Witness Robust Expansion by 2029
China automated storage and retrieval system (ASRS) market is estimated to grow at a CAGR of 11.3% during the forecast period. The major factors that are driving the China ASRS market include the rising focus of the warehousing companies towards automation and the significant growth of e-commerce and retail industries in the country. China has rapidly positioned itself as a global leader in terms of automation. According to the International…
US ASRS Market 2023 Driving Factors Forecast Research 2029
The US automated storage and retrieval system (ASRS) market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 10.2% during the forecast period. The growth of the market is majorly driven by the increasing application of these systems in end-user industries such as retail, e-commerce, automobile, and healthcare industry among others. In addition, the well-established ICT infrastructure of the country…
