[Research Report] 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

ASRS for Garments on Hangers Market

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  CAGR (2022 - 2030)

  8.3%
• Market Size 2022
  US$ 1.69 Billion
• Market Size 2030
  US$ 3.21 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• 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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Garment Rail System
• Garment Conveyor
• Garment Property Storage
• Others

Application

• Warehousing and Logistics
• Retail 3PL
• Hotels
• Hospitals and Institutes
• Others

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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.

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.

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.

ASRS for Garments on Hangers Market Report Scope

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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.