At 6.6% CAGR, South & Central America ASRS for Garments on Hangers Market is Projected to be Worth US$ 87.85 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America ASRS for garments on hangers market was valued at US$ 52.68 million in 2022 and is expected to reach US$ 87.85 million by 2030, registering a CAGR of 6.6% from 2022 to 2030. Improvement in order fulfilment, surge in demand due to labor shortage and growth in urbanization are among the critical factors attributed to drive the South & Central America ASRS for garments on hangers market growth.

With its advanced automation capabilities, these systems provide a broad range of benefits that can significantly improve the efficiency and accuracy of order fulfillment operations. One of the key opportunities ASRS presents for garments on hangers is the ability to enhance order accuracy. Traditional manual picking processes in garment warehouses can be prone to errors, leading to incorrect shipments and dissatisfied customers. However, with the implementation of ASRS, the reliance on manual picking has been reduced. The robotic arms and conveyor systems used in ASRS efficiently and accurately retrieve the required garments based on the order specifications, thereby minimizing the risk of human error. This ensures that customers receive the exact product they ordered, which increases customer satisfaction and reduces returns. Another advantage of ASRS for garments on hangers is the significant improvement in order fulfillment speed. These systems are designed to operate at high speeds, enabling rapid retrieval and consolidation of garments. Advanced software and algorithms streamline the picking process, optimizing the retrieval sequence and minimizing the time required to fulfill an order. As a result, businesses can handle larger orders within shorter timeframes, reducing lead times and meeting customer expectations for prompt delivery. Additionally, SDI Element offered its client a unique ASRS solution. In August 2022, SDI delivered an innovative and comprehensive solution to Stage Stores, surpassing their expectations in resolving their operational challenges. The implementation of the advanced Joey Pouch Sorter in their existing 436,000 square feet distribution center required minimal additional space for induction. This utilization of previously unused areas allowed Stage Stores to optimize their limited footprint and maximize efficiency. Thus, improvement in order fulfilment is likely to create immense opportunities for the players operating in the ASRS for garments on hangers market during the forecast period.

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

Based on type, the South & Central 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 48.1% market share in 2022, amassing US$ 25.34 million. It is projected to garner US$ 44.09 million by 2030 to register 7.2% CAGR during 2022-2030.

In terms of application, the South & Central America ASRS for garments on hangers market is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held 45.0% share of South & Central America ASRS for garments on hangers market in 2022, amassing US$ 23.71 million. It is anticipated to garner US$ 40.74 million by 2030 to expand at 7.0% 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 South & Central America ASRS for garments on hangers market is categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that Brazil captured 55.2% share of South & Central America ASRS for garments on hangers market in 2022. It was assessed at US$ 29.08 million in 2022 and is likely to hit US$ 51.08 million by 2030, registering a CAGR of 7.3% during 2022-2030.

Key players operating in the South & Central America ASRS for garments on hangers market are BEUMER Group GmbH & Co KG, Dematic Corp, KNAPP AG, Daifuku Co Ltd, and Vanderlande Industries BV, among others.

• 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.
  
  

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com