At 8.6% CAGR, North America ASRS for Garments on Hangers Market is Projected to be Worth US$ 1,020.81 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America ASRS for garments on hangers market was valued at US$ 529.46 million in 2022 and is expected to reach US$ 1,020.81 million by 2030, registering a CAGR of 8.6% from 2022 to 2030. Rise in e-commerce growth, surge in demand due to labor shortage and growth in urbanization are among the critical factors attributed to drive the North America ASRS for garments on hangers market growth.

E-commerce has significantly impacted the garment industry, leading to an increased need for efficient storage and retrieval systems to handle the growing volume of orders. Automated storage and retrieval systems (ASRS) offer a solution by automating the storage and retrieval of garments, enabling faster order processing and fulfillment. ASRS utilizes advanced technologies such as robotics, conveyors, and computer control systems to store and retrieve garments efficiently. These systems can handle large inventory volumes, optimize space utilization, and improve inventory management. By automating the storage and retrieval process, ASRS eliminates the need for manual handling, thereby reducing the risk of errors and enhancing overall efficiency. The integration of ASRS in the garment industry offers several benefits. It enables faster order processing, allowing companies to meet the demand for quick and efficient delivery. ASRS can retrieve garments from storage locations in seconds, reducing the time required for order fulfillment. Furthermore, ASRS improves inventory accuracy and control. With automated tracking and monitoring capabilities, companies can have real-time inventory visibility, reducing the risk of stockouts or overstocking. This helps maintain optimal inventory levels and minimize costs associated with inventory management. Moreover, traditional warehousing methods often struggle to handle the increased volume of orders generated by e-commerce platforms. ASRS for GOH systems leverages automation and robotics to maximize warehouse efficiency. These systems can handle many garments on hangers, storing and retrieving them quickly and accurately. ASRS for GOH enables retailers to optimize space utilization, reduce labor costs, minimize errors in order picking, and enhance overall warehouse productivity. The scalability and flexibility of ASRS for GOH systems make them an ideal choice for e-commerce businesses. With the ability to handle large volumes of garments on hangers, these systems can adapt to the ever-changing demands of online retail. ASRS for GOH allows retailers to expand their product range, accommodate seasonal fluctuations, and easily integrate with existing warehouse management systems.

On the contrary, high initial investment and limited flexibility hamper the growth of North America ASRS for garments on hangers market.

Based on type, the North America ASRS for garments on hangers market is segmented into garment rail system, garment conveyor, garment property storage, and others. The garment rail system segment held 43.1% market share in 2022, amassing US$ 228.44 million. It is projected to garner US$ 465.14 million by 2030 to register 9.3% CAGR during 2022-2030.

In terms of application, the North America ASRS for garments on hangers market is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held 44.6% share of North America ASRS for garments on hangers market in 2022, amassing US$ 236.08 million. It is anticipated to garner US$ 470.04 million by 2030 to expand at 9.0% CAGR during 2022-2030. Furthermore, the warehousing & logistics segment is subcategorized into garment on hanger and flat or folded inventory. Additionally, the retail 3PL segment is bifurcated into garment on hanger and flat or folded inventory.

Based on country, the North America ASRS for garments on hangers market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 76.5% share of North America ASRS for garments on hangers market in 2022. It was assessed at US$ 405.09 million in 2022 and is likely to hit US$ 796.84 million by 2030, registering a CAGR of 8.8% during 2022-2030.

Key players operating in the North America ASRS for garments on hangers market are 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, and Vanderlande Industries BV, among others.

• 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.
  
  
• In June 2021, BEUMER Group - a leading global supplier of automated material handling systems - launched its new BG Pouch System in response to the rapid growth of interest from omnichannel and D2C operators.
  
  

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