Asia Pacific ASRS for Garments on Hangers Market
No. of Pages: 91 | Report Code: BMIRE00030350 | Category: Electronics and Semiconductor
No. of Pages: 91 | Report Code: BMIRE00030350 | Category: Electronics and Semiconductor
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; it is estimated to register a CAGR of 7.6% from 2022 to 2030. 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)
Strategic insights for the Asia Pacific ASRS for Garments on Hangers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Asia Pacific ASRS for Garments on Hangers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Asia Pacific ASRS for Garments on Hangers Strategic Insights
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Report Attribute
Details
Market size in 2022
US$ 435.12 Million
Market Size by 2030
US$ 780.50 Million
Global CAGR (2022 - 2030)
7.6%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By Application
Regions and Countries Covered
Asia-Pacific
Market leaders and key company profiles
Get more information on this report Asia Pacific ASRS for Garments on Hangers Regional Insights
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Asia Pacific Segmentation
The Asia Pacific ASRS for garments on hangers market is categorized into type, application, and country.
Based on type, the Asia Pacific 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 is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held the largest share of Asia Pacific 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 is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. China dominated the Asia Pacific 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 .
1. Schonenberger Systeme GmbH
2. BEUMER Group GmbH & Co KG
3. Dematic Corp
4. KNAPP AG
5. Daifuku Co Ltd
6. Vanderlande Industries BV
The Asia Pacific ASRS for Garments on Hangers Market is valued at US$ 435.12 Million in 2022, it is projected to reach US$ 780.50 Million by 2030.
As per our report Asia Pacific ASRS for Garments on Hangers Market, the market size is valued at US$ 435.12 Million in 2022, projecting it to reach US$ 780.50 Million by 2030. This translates to a CAGR of approximately 7.6% during the forecast period.
The Asia Pacific ASRS for Garments on Hangers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific ASRS for Garments on Hangers Market report:
The Asia Pacific ASRS for Garments on Hangers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific ASRS for Garments on Hangers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific ASRS for Garments on Hangers Market value chain can benefit from the information contained in a comprehensive market report.
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