The ASRS for garments on hangers market size is valued at US$ 1.69 billion in 2022 and is expected to reach US$ 3.21 billion by 2030; it is estimated to record a CAGR of 8.3% from 2022 to 2030.
Analyst Perspective:
Automated Storage and Retrieval Systems (also referred to as ASRS systems) are widely used in manufacturing and distribution facilities. They typically replace large areas of shelving to save floor space, improve safety, and increase productivity. These systems are gaining momentum in the growing e-commerce & retail industry owing to the optimization of item storage and delivery time. Also, distribution and logistics centers across the globe are leading the market in the adoption of these systems to automate the process of storage and retrieval. Emerging new ASRS for garments on hangers market players are further generating new opportunities in the market by technological innovations. ASRS for garments on hangers market forecast is based on the secondary data obtained from Factiva, company profiles, annual reports, various associations, and so on.
ASRS for Garments on Hangers Market Overview:
Based on global ASRS for garments on hangers market analysis the automated storage and retrieval systems are designed with a single/double mast, telescopic forks/uniquely designed direct roll forks exclusive for the storage and retrieval of fabric rolls, and custom-designed racks, making this solution highly adaptable, smooth, and safe for a wide range of high-speed applications. All the above components and applications are taken under analysis for evaluating the ASRS for garments on hangers market size in the report.
Automatic storage and retrieval systems (ASRS) can improve material flow and production performance in any textile facility for weaving, knitting, and processing of garments. An ideal material handling system lowers material transportation time while ensuring that the essential materials are safely moved to the point of application without error or damage. For example, a material handling system in a sewing department, might be adjusted based on the line architecture to ensure seamless transportation of fabric rolls from one workstation to another or for storing or cutting. ASRS has several benefits in the textile industry. ASRA can control smart inventory with ERP integration, save manpower in material movement and logistics, and provide efficient utilization of warehouse floor space. It also provides absolute control of material movements from storage to production, as well as safe handling of materials, quick material flow, and FIFO. The market is driven by a few key factors such as rising e-commerce growth, growing demand for ASRS due to labor shortage, and increasing global urbanization. The market is also expected to experience several opportunities to propel growth in the coming years, including enhanced order fulfillment integration with other technologies, thus, driving the ASRS for garments on hangers market share in the global market.
The ASRS for garments on hangers market analysis is 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.
Ferag, SDI element logic, Schonenberger, Beumer Group, Vanderlande, Dematic, KNAPP, Daifuku, ABCO, Railex, Conveyco, and White Conveyor are among the key players that are profiled during this market study. In addition to these players, several other essential market players were also studied and analyzed to get a holistic view of the global ASRS for garments on hangers market share and its ecosystem.
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ASRS for Garments on Hangers Market: Strategic Insights
Market Size Value in US$ 1.69 billion in 2022 Market Size Value by US$ 3.21 billion by 2030 Growth rate CAGR of 8.3% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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ASRS for Garments on Hangers Market: Strategic Insights
| Market Size Value in | US$ 1.69 billion in 2022 |
| Market Size Value by | US$ 3.21 billion by 2030 |
| Growth rate | CAGR of 8.3% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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ASRS for Garments on Hangers Market Driver:
Surge in Demand Due to Labor Shortage Drives ASRS for Garments on Hangers Market Growth
In recent years, the garment industry has experienced a significant shift toward automation to overcome challenges posed by labor shortages. As the demand for efficient order fulfillment and storage solutions increases, businesses are adopting automated storage and retrieval systems (ASRS) as a viable solution. For instance, in February 2022, according to a survey conducted by Instawork, 73% of warehouse operators are facing challenges in hiring labor to meet their business needs. This labor shortage has become a significant concern in the garment industry, leading to a growing demand for ASRS as a solution.
Despite strong retail sales and business inventory levels, the warehouse industry's labor market has been lagging. According to data from the Bureau of Labor Statistics, there was an increase of 13,400 warehouse jobs in January 2023, accounting for 1,728,200 jobs in the country. However, there is still a persistent issue of understaffing in the industry. ASRS offers a labor-saving solution by automating the garment industry's storage, retrieval, and sorting processes. By implementing ASRS systems, businesses can reduce their reliance on manual, labor-intensive tasks and overcome the challenges posed by labor shortages.
In addition, labor shortages often lead to increased labor costs as employers must compete for available workers. By implementing ASRS for GOH, businesses can reduce their reliance on manual labor and associated costs. These systems provide a long-term return on investment (ROI) by minimizing labor expenses, optimizing space utilization, and reducing errors in order fulfillment. With reduced labor costs and enhanced operational efficiency, businesses can allocate resources to R&D or marketing initiatives and other critical areas. Thus, a surge in demand due to labor shortage drives the ASRS for garments on hangers market growth.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
ASRS for Garments on Hangers Market Segmental Analysis:
Based on type, the ASRS for garments on hangers market is segmented into garment rail system, garment conveyor, garment property storage, and others. Garment rail systems are used by garment manufacturers, distribution centers, laundries, and retail industries. It either incorporates a manual rail system or a fully automated retrieval system, which helps maximize productivity. These garment distribution conveyors feature automatic loading and unloading of garments. In many ASRS setups, garment rail systems are designed to operate across multiple levels or tiers to maximize vertical storage space. When an order is placed, the ASRS system identifies the location of the requested garment and automatically retrieves it from the rail system. The rail system can include sorting mechanisms to streamline the retrieval process based on order requirements. The garment rail system within an ASRS for garments on hangers market is essential to automated garment storage and retrieval systems' efficiency, accuracy, and overall performance. It addresses the unique requirements of the garment industry, where preserving the integrity of hanging garments is essential for order fulfillment.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
ASRS for Garments on Hangers Market Regional Analysis:
The US, Canada, and Mexico are among the key countries in North America, which is considered a hub of technological development. With the increasing popularity of IoT, companies in the US are implementing the technology with automated storage solutions, which can save time and costs. IoT-integrated automated storage solutions enable remote monitoring, timely report status generation, quicker recovery in case of any errors, and enhanced efficiency. Montreal is the fashion capital of North America. It has been a center of innovation in textile design, manufacturing, and handling for more than a century. Hence, several players in North America are focusing on developing the solutions in ASRS for garments on hangers market. For example, as of April 2021, Planiform launched its revolutionary automated system for the storage and retrieval of garments on hangers (GOH). In July 2021, the GOH Hive was launched, which is expected to receive accolades from various garment-handling businesses, including warehouses, distribution centers, and e-commerce businesses, among others. The GOH Hive is a cutting-edge system powered by intelligent robots that read unique SKUs and then determine the way each garment should be handled. The system is designed on several levels, and robots utilize elevators to access rows of ship-ready clothing. Moreover, several players across the region are providing solutions in ASRS for garments on hangers market. For example, Dematic provides a wide range of storage options designed to reduce and mobilize inventory. The company can assist with organizing and controlling goods on pallets, cartons (totes), and garments-on-hangers. Thus, such instances propel the growth of the ASRS for garments on hangers market in North America.
ASRS for Garments on Hangers Market Key Player Analysis:
Ferag, SDI element logic, Schonenberger, Beumer Group, Vanderlande, Dematic, KNAPP, Daifuku, ABCO, Railex, Conveyco, and White Conveyor are market players are among the prominent players profiled in the ASRS for garments on hangersmarket report. The ASRS for garments on hangers market forecast can help stakeholders in this marketplace plan their growth strategies.
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the ASRS for garments on hangers market. A few recent key ASRS for garments on hangers market developments are listed below:
- In May 2023, Ferag strengthened its commitment to the Asian market. With the support of the system integrator ASETEC, Ferag's complete intralogistics solutions will be increasingly used in South Korea. The two companies have agreed on a partnership to this effect.
- In March 2022, Element Logic, a specialized integrator for automated warehouse solutions centered around the AutoStore system, announced the acquisition of SDI Industries, a US provider of leading turnkey automation solutions and sortation systems.
- In May 2022, The BEUMER Group acquired FAM GmbH, Magdeburg, a supplier of conveying systems and loading technology. The contracts were signed to complete the transaction by the end of May. This also significantly strengthened the BEUMER Group's market position in the large equipment sector.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Rise in e-commerce growth and surge in demand due to labour shortage are driving factors of ASRS for garments on hangers market.
The ASRS for garments on hangers market was estimated to be valued at US$ 1.69 billion in 2022 and is projected to reach US$ 3.21 billion by 2030; it is expected to grow at a CAGR of 8.3% during the forecast period.
The advancements in AI and ML is expected to drive the growth of the ASRS for garments on hangers market in the coming years.
The key players holding majority shares in the ASRS for garments on hangers market include KNAPP, Dematic, Daifuku Co., Ltd., and Vanderlande Industries B.V.
The garment rail system segment led the ASRS for garments on hangers market with a significant share in 2022 and garment conveyor segment is expected to grow with the highest CAGR.
The ASRS for garments on hangers market are expected to reach US$ 3.21 billion by 2030.
Europe is anticipated to grow with the highest CAGR over the forecast period.
The List of Companies - ASRS for Garments on Hangers Market
- Ferag AG
- Element Logic US Bidco Inc
- ABCO Systems LLC
- Schonenberger Systeme GmbH
- BEUMER Group GmbH & Co KG
- Dematic Corp
- KNAPP AG
- Daifuku Co Ltd
- Railex Conveyor Systems Inc
- Conveyco Technologies Inc
- White Conveyors Inc
- Vanderlande Industries BV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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