Asia Pacific ASRS for Garments on Hangers Market Forecast to 2030
Asia Pacific ASRS for Garments on Hangers Market Forecast to 2030 – Regional Analysis – by Type (Garment Rail System, Garment Conveyor, Garment Property Storage, and Others) and Application (Warehousing & Logistics, Retail 3PL, Hotels, Hospitals & Institutes, and Others)
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Description
Surge in Demand due to Labor Shortage Boosts Asia Pacific ASRS for Garments on Hangers Market
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. 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. 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 improved operational efficiency, businesses can allocate resources to R&D or marketing initiatives and other critical areas. Thus, a surge in demand for ASRS for garments on hangers due to labor shortage drives the market growth.
Asia Pacific ASRS for Garments on Hangers Market Overview
The ASRS for garments on hangers market in APAC is segmented into India, Japan, China, Australia, South Korea, and the Rest of APAC. Also, Japan, India, Australia, China, Taiwan, Singapore, and Indonesia, among others, have a multitude of manufacturing industries, including textile, apparel, electronics, food & beverages, chemicals, automobiles, and healthcare. The manufacturing sector in countries in Asia Pacific has experienced a massive shift over the years; it can quickly adopt innovation accelerators such as robotics and emerging cloud and mobility technologies. The evolution of the garment industry has led to the trend of personalization, rapid fashion, new business models, and new supply chain service systems. Inform Storage, a leading firm in logistics equipment, closely follows the industry’s development trend and has successfully given Anta Shoes and Daqian Textile solutions in line with the customer’s supply chain system. As of February 2021, Inform Storage has signed a deal with Anta Group’s integrated industrial park logistics project. Inform supplies intelligent automated warehousing solutions for the Anta logistics park project, which aims to optimize the Anta footwear and apparel logistics supply chain. Moreover, several retailers in Japan are implementing automated systems for the warehousing of clothing. For example, as of January 2022, Uniquelo has rebuilt the existing warehouse with an automated system developed in collaboration with Daifuku, a material handling system provider. Uniqlo has reduced warehouse staff by 90% after the integration of technology. The Uniqlo Tokyo warehouse is open 24 hours a day. Thus, all these factors create demand for ASRS for garments on hangers in the region.
Asia Pacific ASRS for Garments on Hangers Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific ASRS for Garments on Hangers Market Segmentation
The Asia Pacific ASRS for garments on hangers market is categorized into type, application, and country.
Based on type, the Asia Pacific 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 the largest market share in 2022.
In terms of application, the Asia Pacific ASRS for garments on hangers market is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held the largest share of Asia Pacific ASRS for garments on hangers market in 2022. 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.
By country, the Asia Pacific ASRS for garments on hangers market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific ASRS for garments on hangers market share in 2022.
Schonenberger Systeme GmbH, BEUMER Group GmbH & Co KG, Dematic Corp, KNAPP AG, Daifuku Co Ltd, and Vanderlande Industries BV are some of the leading companies operating in the Asia Pacific ASRS for Garments on Hangers market.
Summary Info
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According to the Research Team’ research, the Asia Pacific ASRS for garments on hangers market was valued at US$ 435.12 million in 2022 and is expected to reach US$ 780.50 million by 2030, registering a CAGR of 7.6% from 2022 to 2030. Integration with other technologies, surge in demand due to labor shortage and growth in urbanization are among the critical factors attributed to drive the Asia Pacific ASRS for garments on hangers market growth.
Manufacturers of automated storage and retrieval systems (ASRS) for garments on hangers offer immense potential for integration with other cutting-edge technologies, presenting a valuable opportunity for businesses operating in the garment industry. By combining the capabilities of ASRS with complementary technologies, companies can achieve new levels of efficiency, productivity, and operational excellence. Furthermore, integrating ASRS with robotics and automation technologies offers significant opportunities for streamlining and enhancing warehouse operations. Collaborative robots, also known as cobots, can work alongside ASRS systems to perform additional tasks such as picking, sorting, and packing. This integration allows for a seamless flow of garments from the ASRS to the cobots, minimizing manual intervention and increasing overall efficiency. By automating repetitive and labor-intensive tasks, businesses can free up human resources to focus on more value-added activities, reduce the risk of human error, and achieve higher productivity levels. Thus, the integration of ASRS with other technologies is likely to create numerous opportunities for the market players during the forecast period.
On the contrary, high initial investment and limited flexibility hamper the growth of Asia Pacific ASRS for garments on hangers market.
Based on type, the Asia Pacific 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 42.7% market share in 2022, amassing US$ 185.88 million. It is projected to garner US$ 350.93 million by 2030 to register 8.3% CAGR during 2022-2030.
In terms of application, the Asia Pacific ASRS for garments on hangers market is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held 43.7% share of Asia Pacific ASRS for garments on hangers market in 2022, amassing US$ 190.33 million. It is anticipated to garner US$ 352.27 million by 2030 to expand at 8.0% 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 Asia Pacific ASRS for garments on hangers market is categorized into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 32.7% share of Asia Pacific ASRS for garments on hangers market in 2022. It was assessed at US$ 142.15 million in 2022 and is likely to hit US$ 284.33 million by 2030, registering a CAGR of 9.1% during 2022-2030.
Key players operating in the Asia Pacific ASRS for garments on hangers market are Schonenberger Systeme GmbH, 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.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific ASRS for garments on hangers market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific ASRS for garments on hangers market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. ASRS for Garments on Hangers Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain:
4.3.2 Main Points of Use:
4.3.3 Points of Use:
5. Asia Pacific ASRS for Garments on Hangers Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Rise in E-Commerce Growth
5.1.2 Surge in Demand due to Labor Shortage
5.1.3 Growth in Urbanization
5.2 Restraints
5.2.1 High Initial Investment
5.2.2 Limited Flexibility
5.3 Opportunities
5.3.1 Improvement in Order Fulfilment
5.3.2 Integration with Other Technologies
5.4 Trends
5.4.1 Advancements in AI and ML
5.5 Impact of Drivers and Restraints:
6. ASRS for Garments on Hangers Market – Asia Pacific Market Analysis
6.1 ASRS for Garments on Hangers Market Revenue (US$ Million), 2020 – 2030
6.2 ASRS for Garments on Hangers Market Forecast and Analysis
7. Asia Pacific ASRS for Garments on Hangers Market Analysis – Type
7.1 Garment Rail System
7.1.1 Overview
7.1.2 Garment Rail System Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Garment Conveyor
7.2.1 Overview
7.2.2 Garment Conveyor Market Revenue and Forecasts to 2030 (US$ Million)
7.3 Garment Property Storage
7.3.1 Overview
7.3.2 Garment Property Storage Market Revenue and Forecasts to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
8. Asia Pacific ASRS for Garments on Hangers Market Analysis – Application
8.1 Warehousing and Logistics
8.1.1 Overview
8.1.2 Warehousing and Logistics Market Revenue and Forecasts to 2030 (US$ Million)
8.1.3 Garment on Hanger
8.1.3.1 Overview
8.1.3.2 Garment on Hanger Market Revenue and Forecasts to 2030 (US$ Million)
8.1.4 Flat or Folded Inventory
8.1.4.1 Overview
8.1.4.2 Flat or Folded Inventory Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Retail 3PL
8.2.1 Overview
8.2.2 Retail 3PL Market Revenue and Forecasts to 2030 (US$ Million)
8.2.3 Garment on Hanger
8.2.3.1 Overview
8.2.3.2 Garment on Hanger Market Revenue and Forecasts to 2030 (US$ Million)
8.2.4 Flat or Folded Inventory
8.2.4.1 Overview
8.2.4.2 Flat or Folded Inventory Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Hotels
8.3.1 Overview
8.3.2 Hotels Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Hospitals and Institutes
8.4.1 Overview
8.4.2 Hospitals and Institutes Market Revenue and Forecasts to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. Asia Pacific ASRS for Garments on Hangers Market – Country Analysis
9.1 Asia Pacific Overview
9.1.1 Asia Pacific: ASRS for Garments on Hangers Market, By Key Country – Revenue 2022 (US$ Million)
9.1.2 ASRS for Garments on Hangers Market Breakdown by Countries
9.1.2.1 China: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 China: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.1.2 China: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.1.2.1 China: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.1.2.2 China: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.2 Japan: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Japan: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.2.2 Japan: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.2.2.1 Japan: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.2.2.2 Japan: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.3 South Korea: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 South Korea: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.3.2 South Korea: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.3.2.1 South Korea: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.3.2.2 South Korea: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.4 India: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 India: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.4.2 India: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.4.2.1 India: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.4.2.2 India: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.5 Australia: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Australia: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.5.2 Australia: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.5.2.1 Australia: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.5.2.2 Australia: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.6 Rest of Asia Pacific: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Rest of Asia Pacific: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.6.2 Rest of Asia Pacific: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.6.2.1 Rest of Asia Pacific: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.6.2.2 Rest of Asia Pacific: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.2 New Product Development
10.3 Merger and Acquisition
11. Company Profile
11.1 Schonenberger Systeme GmbH
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BEUMER Group GmbH & Co KG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Dematic Corp
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 KNAPP AG
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Daifuku Co Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Vanderlande Industries BV
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 Word Index
Table 1. ASRS for Garments on Hangers Market Segmentation
Table 2. ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Million) – Type
Table 4. ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Million) – Warehousing and Logistics
Table 6. ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Million) – Retail 3PL
Table 7. Asia Pacific: ASRS for Garments on Hangers Market by Country – Revenue and Forecast to 2030 (USD Million)
Table 8. China: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. China: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. China: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 11. China: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 12. Japan: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Japan: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 14. Japan: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 15. Japan: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 16. South Korea: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. South Korea: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 18. South Korea: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 19. South Korea: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 20. India: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 21. India: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 22. India: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 23. India: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 24. Australia: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 25. Australia: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 26. Australia: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 27. Australia: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 28. Rest of Asia Pacific: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 29. Rest of Asia Pacific: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 30. Rest of Asia Pacific: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 31. Rest of Asia Pacific: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 32. List of Abbreviation
Figure 1. ASRS for Garments on Hangers Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: ASRS for Garments on Hangers Market
Figure 4. ASRS for Garments on Hangers Market – Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. ASRS for Garments on Hangers Market Revenue (US$ Million), 2020 & 2030
Figure 7. ASRS for Garments on Hangers Market Share (%) – Type, 2022 and 2030
Figure 8. Garment Rail System Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Garment Conveyor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Garment Property Storage Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. ASRS for Garments on Hangers Market Share (%) – Application, 2022 and 2030
Figure 13. Warehousing and Logistics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. ASRS for Garments on Hangers Market Share (%) – Warehousing and Logistics, 2022 and 2030
Figure 15. Garment on Hanger Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Flat or Folded Inventory Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Retail 3PL Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. ASRS for Garments on Hangers Market Share (%) – Retail 3PL, 2022 and 2030
Figure 19. Garment on Hanger Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Flat or Folded Inventory Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Hotels Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Hospitals and Institutes Market Revenue and Forecasts to 2030 (US$ Million)
Figure 23. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 24. Asia Pacific: ASRS for Garments on Hangers Market, By Key Country – Revenue 2022 (US$ Million)
Figure 25. Asia Pacific: ASRS for Garments on Hangers Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 26. China: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Japan: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. South Korea: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. India: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 30. Australia: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 31. Rest of Asia Pacific: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Asia Pacific ASRS for Garments on Hangers Market
1. Schonenberger Systeme GmbH
2. BEUMER Group GmbH & Co KG
3. Dematic Corp
4. KNAPP AG
5. Daifuku Co Ltd
6. Vanderlande Industries BV
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