What Has Been the Growth of the ASRS For Garments On Hangers Market So Far?
The asrs for garments on hangers market has seen considerable growth due to a variety of factors.
• The market size for ASRS for garments on hangers has seen significant expansion in the past few years. The market is expected to increase from $1.9 billion in 2024 to $2.08 billion in 2025 with a compound annual growth rate (CAGR) of 9.5%.
Factors contributing to this growth in the historic period include the surge of retail and e-commerce, amplified environmental consciousness, need for customized storage solutions, an increased focus on optimizing space use and management inside warehouses, and escalating labor expenses.
How Will the ASRS For Garments On Hangers Market?
The asrs for garments on hangers market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions suggest that the market size for ASRS for garments on hangers is set to experience substantial growth in the forthcoming years. The market is projected to reach $2.83 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.0%.
This upward trend during the forecast period is attributed to the swift expansion of fast fashion that demands swift and effective storage methods, growing needs for just-in-time inventory management, the emergence of smart cities requiring intelligent logistics solutions, and increasing consumer expectations for quicker order delivery. Key trends for the forecast period include the incorporation of AI and machine learning, customization alternatives, integration of robotics, the adoption of modular design, cloud connectivity and technological advancements.
Which Factors Are Boosting Growth In The ASRS For Garments On Hangers Market?
The anticipated growth of the ASRS for the garments-on-hangers market is hugely influenced by the burgeoning e-commerce sector. In essence, e-commerce is the trading of goods and services through the internet. Factors relating to growing internet usage, convenience, and shifts towards consumer preferences for online shopping are all driving forces for the e-commerce industry. When it comes to managing inventory and increasing efficiency in e-commerce warehouses, ASRS for garments-on-hangers plays a critical role through enabling swift and precise order processing. As reported by the US Department of Commerce's International Trade Administration in November 2023, the worldwide B2C e-commerce revenue is set to reach $5.5 trillion by 2027, following a steady compound annual growth rate of 14.4%. Furthermore, 2023 saw the gross merchandise value (GMV) rise to $24,453 billion, a significant increase from the previous year's $21,019 billion. Thus, the flourishing e-commerce sector is unquestionably contributing to the expansion of the ASRS for garments-on-hangers market.
What Key Areas Define The Segmentation Of The Global 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 Trends Are Reshaping The Future Of The ASRS For Garments On Hangers Market?
The key players in the market for Automated Storage and Retrieval Systems (ASRS) for garments on hangers are shifting their focus towards technologically advanced solutions like automated hangers to boost efficiency and curtail expenses. Sustainability measures and integration of Internet of Things (IoT) are also high on their agenda, aiming to refine operations and overhaul inventory management. Automated hangers, a system that leverages technology for storing and retrieving garments effectively and often employs conveyors or robotics, have the potential to enhance organisation while simultaneously cutting down labour costs, particularly in sectors like dry cleaning and laundry services. To cite an example, in November 2023, RT Knits Ltd., a Mauritius-based textile firm, introduced an Automated Hanger System (AHS). This system aids in enhancing efficiency and slashing labour costs by automating garment handling throughout the production process. Plus, it enhances workflow, quality control and sustainability, and in the larger scheme of things, it fine-tunes operations in the garment manufacturing industry.
Who Are the Key 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 Is The Most Dominant Region 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.
