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Europe ASRS for Garments on Hangers Market Forecast to 2030
Europe 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
Improvement in Order Fulfilment Drives Europe ASRS for Garments on Hangers Market
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.
Europe ASRS for Garments on Hangers Market Overview
The ASRS for garments on hangers market in Europe is segmented into France, Germany, Russia, Italy, the UK, and the Rest of Europe. Western European countries are more advanced than the NORDIC and other East European countries. Therefore, Western Europe has experienced more developments and advancements in the field of automation. The NORDIC countries consist of many small and medium-sized enterprises (SMEs) that have minimal demand for automated storage warehouses. Concerns and uncertainties about the return on investment (ROI) after the implementation of automated storage solutions restrict the growth of the ASRS for garments on hangers market in NORDIC countries. However, the need to have space-efficient warehouses to save up on capital expenditure (CAPEX) on product storage activities has been the major reason for the growing implementation of the system in Europe. Several players across Europe are providing ASRS for garments on hangers. For example, SDI Element logic provides a garment on hanger (GOH) sorter. SDI’s GOH sorter is the industry standard for high-speed hanging garment unit distribution. Its design allows for equal and successful installation in multi-level or single-level operations. The need to have space-efficient warehouses to save up on capital expenditure (CAPEX) on product storage activities has been the major reason for the rapid implementation of the system in Europe. Germany, Italy, and Spain are the potential growth markets for the deployment of ASRS. The textile and manufacturing industries in Italy and Spain, respectively, have been using ASRS for accuracy and efficiency in operations. Also, the progress of automation technologies has enabled more ASRS implementations in Western Europe. Such instances create demand for ASRS for garments on hangers in the region.
Europe ASRS for Garments on Hangers Market Revenue and Forecast to 2030 (US$ Million)
Europe ASRS for Garments on Hangers Market Segmentation
The Europe ASRS for garments on hangers market is categorized into type, application, and country.
Based on type, the Europe 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 Europe 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 Europe 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 Europe ASRS for garments on hangers market is segmented into the UK, Germany, France, Italy, and the Rest of Europe. The UK dominated the Europe ASRS for garments on hangers market share in 2022.
Ferag AG, 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 Europe ASRS for Garments on Hangers market.
Summary Info
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According to the Research Team’ research, the Europe ASRS for garments on hangers market was valued at US$ 608.39 million in 2022 and is expected to reach US$ 1,207.31 million by 2030, registering a CAGR of 8.9% 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 Europe 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. 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 Logistics UK’s September 2021 Performance Tracker, 13% of merchants in the industry reported having a serious shortage of warehouse workers. According to the Office for National Statistics data, there are twice as many online job advertisements for jobs in transportation, logistics, and warehousing as there were during the same time last year. 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.
On the contrary, high initial investment and limited flexibility hamper the growth of Europe ASRS for garments on hangers market.
Based on type, the Europe 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 45.3% market share in 2022, amassing US$ 275.81 million. It is projected to garner US$ 575.21 million by 2030 to register 9.6% CAGR during 2022-2030.
In terms of application, the Europe ASRS for garments on hangers market is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held 40.2% share of Europe ASRS for garments on hangers market in 2022, amassing US$ 244.27 million. It is anticipated to garner US$ 507.88 million by 2030 to expand at 9.6% 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 Europe ASRS for garments on hangers market is categorized into the UK, Germany, France, Italy, and the Rest of Europe. Our regional analysis states that the UK captured 38.8% share of Europe ASRS for garments on hangers market in 2022. It was assessed at US$ 236.05 million in 2022 and is likely to hit US$ 500.58 million by 2030, registering a CAGR of 9.9% during 2022-2030.
Key players operating in the Europe ASRS for garments on hangers market are Ferag AG, 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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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 VendoSrs in Value Chain:
4.3.2 Main Points of Use:
4.3.3 Points of Use:
5. Europe 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 – Europe 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. Europe 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. Europe 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. Europe ASRS for Garments on Hangers Market – Country Analysis
9.1 Europe Market Overview
9.1.1 Europe: ASRS for Garments on Hangers Market, By Key Country – Revenue 2022 (US$ Mn)
9.1.2 Europe: ASRS for Garments on Hangers Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 United Kingdom: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 United Kingdom: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.1.2 United Kingdom: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.1.2.1 United Kingdom: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.1.2.2 United Kingdom: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.2 Germany: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 Germany: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.2.2 Germany: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.2.2.1 Germany ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.2.2.2 Germany ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.3 France: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 France: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.3.2 France: ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.3.2.1 France: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.3.2.2 France: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.4 Italy: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Italy: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.4.2 Italy ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.4.2.1 Italy: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.4.2.2 Italy: ASRS for Garments on Hangers Market Breakdown by Retail 3PL
9.1.2.5 Rest of Europe: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 Rest of Europe: ASRS for Garments on Hangers Market Breakdown by Type
9.1.2.5.2 Rest of Europe ASRS for Garments on Hangers Market Breakdown by Application
9.1.2.5.2.1 Rest of Europe: ASRS for Garments on Hangers Market Breakdown by Warehousing and Logistics
9.1.2.5.2.2 Rest of Europe: 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 Ferag AG
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 Schonenberger Systeme GmbH
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 BEUMER Group GmbH & Co KG
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 Dematic Corp
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 KNAPP AG
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 Daifuku Co Ltd
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
11.7 Vanderlande Industries BV
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 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. Europe: ASRS for Garments on Hangers Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 8. United Kingdom: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 9. United Kingdom: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. United Kingdom: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 11. United Kingdom: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 12. Germany: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 13. Germany: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 14. Germany: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 15. Germany: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 16. France: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 17. France: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 18. France: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 19. France: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 20. Italy :ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 21. Italy :ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 22. Italy: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 23. Italy :ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 24. Rest of Europe: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Type
Table 25. Rest of Europe: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 26. Rest of Europe :ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Warehousing and Logistics
Table 27. Rest of Europe: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn) – By Retail 3PL
Table 28. 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. ASRS for Garments on Hangers Market, By Key Country – Revenue 2022 (US$ Mn)
Figure 25. ASRS for Garments on Hangers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 26. United Kingdom: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 27. Germany: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 28. France :ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 29. Italy: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 30. Rest of Europe: ASRS for Garments on Hangers Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Europe ASRS for Garments on Hangers Market
1. Ferag AG
2. Schonenberger Systeme GmbH
3. BEUMER Group GmbH & Co KG
4. Dematic Corp
5. KNAPP AG
6. Daifuku Co Ltd
7. Vanderlande Industries BV
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