ASRS for Garments on Hangers Market
Growth on Urbanization to Fuel Global ASRS for Garments on Hangers Market Growth During Forecast Period
Urbanization has been rapidly transforming the landscape of cities worldwide. With the rise in population and migration to urban areas, there has been a significant impact on various industries, including the garment industry. As more people choose to live in urban areas, the demand for clothing and fashion products has witnessed a considerable surge. Urban dwellers are more inclined toward stylish and trendy garments, increasing the need for efficient storage and handling solutions in the garment industry. ASRS technology provides an innovative solution to meet these demands and challenges of urbanization. Furthermore, by 2030, the global population is projected to grow up to 8.6 billion, with 60% of individuals living in urban settings. The ASRS for garments on hangers market analysis suggest, as this population expansion and urbanization trend continues, the expenses associated with catering to customers are anticipated to grow.
Urbanization leads to increased consumer expectations for faster and more accurate order fulfillment. ASRS for GOH plays a vital role in meeting these expectations by automating the order-picking process. These systems ensure accurate and efficient retrieval of garments on hangers, minimizing errors and improving overall customer satisfaction. With urban areas characterized by higher population densities and competitive markets, businesses need reliable and efficient order fulfillment processes to stay competitive. As urbanization continues to shape the global landscape, the demand for ASRS in garment industry is also growing thus driving the ASRS for garments of hangers market size.
ASRS for Garments on Hangers Market: Industry Overview
The global ASRS for garments on hangers market forecast involves the segmentation of the market based on type, application, and geography. Based on type, the ASRS for garments on hangers market is segmented into garment rail system, garment conveyor, garment property storage, and others. By application, the ASRS for garments on hangers market is segmented into warehousing and logistics, retail 3PL, hotels, hospitals and institutes, and others. The ASRS for garments on hangers market, based on geography, is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
The ASRS for garments on hangers market in Europe is segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Western European countries are more advanced than the NORDIC and other East European countries. Therefore, Western Europe has experienced more developments and advancements in the field of automation. The NORDIC countries consist of many small and medium-sized enterprises (SMEs) that have minimal demand for automated storage warehouses. Concerns and uncertainties about the return on investment (ROI) after the implementation of automated storage solutions restrict the growth of the ASRS for garments on hangers market share in NORDIC countries. However, the need to have space-efficient warehouses to save up on capital expenditure (CAPEX) on product storage activities is a key factor driving the implementation of the system in Europe. Several players across the region are providing ASRS for garments on hangers. For example, SDI Element logic provides a garment on hanger (GOH) sorter. SDI’s GOH sorter is the industry standard for high-speed hanging garment unit distribution. Its design allows for equal and successful installation in multi-level or single-level operations. The ASRS for garments on hangers market analysis predicts new efficiencies in the ASRS systems to be unlocked with AI integration.
The need to have space-efficient warehouses to save up on capital expenditure (CAPEX) on product storage activities has been the major reason for the rapid increase of ASRS for garments on hangers market share in Europe. Germany, Italy, and Spain are the potential growth markets with major ASRS for garments on hangers market share. The textile and manufacturing industries in Italy and Spain, respectively, have been using ASRS to achieve accuracy and efficiency in operations. Also, the development of automation technologies has led to increased implementation of ASRS in Western Europe. Such instances create demand for ASRS for garments on hangers in the region. And as the demands in the region increase, there are number of ASRS for garments on hangers market players emerging.
The robust e-commerce sector and rising industrial automation are a few factors that drive the ASRS for garments on hanger market growth in the UK. The growth in the e-commerce sector triggers the need for warehouses, which leads to the adoption of ASRS. In addition, the UK government focuses on advancing businesses by investing in infrastructure; for which they are engaging in investment initiatives, such as the Digital Infrastructure Investment Fund. Moreover, the focus on large-scale investments to enhance warehouse management systems to serve numerous UK-based end users propels the demand for ASRS. In addition, the rise in government initiatives to boost digital infrastructure contributes to the growing demand for ASRS in the UK. Thus, the presence of a robust e-commerce sector and above-mentioned government initiatives create favorable conditions for the ASRS for garments on hangers market growth.
ASRS for Garments on Hangers Market: Competitive Landscape and Key Developments
Ferag, SDI element logic, Schonenberger, Beumer Group, Vanderlande, Dematic, KNAPP, Daifuku, ABCO, Railex, Conveyco, and White Conveyor are among the leading ASRS for Garments on Hangers Market players profiled in the ASRS for garments on hangers market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their market growth. The ASRS for garments on hangers market forecast can help stakeholders in this marketplace plan their growth strategies. Few of the developments analyzed while evaluating the ASRS for garments on hangers market size are mentioned below:
- In May 2022, Vanderlande unveiled its latest innovative warehousing solutions at LogiMAT 2022, including the new energy-efficient version of its QUICKSTORE MINILOAD and an immersive 360-degree experience room.
- In December 2023, Daifuku Co., Ltd. announced that it had started operational testing of its newest high-speed, high-rise automated storage and retrieval system, stacker cranes, in its new high-rise testing facility at its core production base—Shiga Works.
