Middle East & Africa ASRS for Garments on Hangers Market
No. of Pages: 78 | Report Code: BMIRE00030443 | Category: Electronics and Semiconductor
No. of Pages: 78 | Report Code: BMIRE00030443 | Category: Electronics and Semiconductor
The Middle East & Africa ASRS for garments on hangers market was valued at US$ 68.09 million in 2022 and is expected to reach US$ 117.30 million by 2030; it is estimated to register a CAGR of 7.0% from 2022 to 2030. Growth in Urbanization Bolster Middle East & Africa ASRS for Garments on Hangers Market
Urbanization has been rapidly transforming the landscape of cities worldwide. With the rise in population and migration to urban areas, there has been a significant impact on various industries, including the garment industry. As more people choose to live in urban areas, the demand for clothing and fashion products has witnessed a considerable surge. Urban dwellers are more inclined toward stylish and trendy garments, increasing the need for efficient storage and handling solutions in the garment industry. ASRS technology provides an innovative solution to meet these demands and challenges of urbanization. Furthermore, by 2030, the global population is projected to grow from 8 billion to 8.6 billion, with 60% of individuals living in urban settings. As this population expansion and urbanization trend continues, the expenses associated with catering to customers are anticipated to escalate. Urbanization leads to increased consumer expectations for faster and more accurate order fulfillment. ASRS for GOH plays a vital role in meeting these expectations by automating the order-picking process. These systems ensure accurate and efficient retrieval of garments on hangers, minimizing errors and improving overall customer satisfaction. With urban areas characterized by higher population densities and competitive markets, businesses need reliable and efficient order fulfillment processes to stay competitive. As urbanization continues to shape the global landscape, the demand for ASRS for GOH is also growing. This factor is contributing to the ASRS for garments on hangers market growth.Middle East & Africa ASRS for Garments on Hangers Market Overview
The ASRS for garments on hangers market in the MEA is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of MEA. The apparel industries in the MEA seek modern solutions that can optimize their inventories and help them deliver products on time to consumers. This eventually helps them maintain a perfect balance between supply and demand as well as save costs and achieve better operational efficiencies. In the MEA, large-scale retail outlet chains and e-commerce generate a high demand for ASRS. The rising number of high-income people and growing tourist visits are among the significant factors contributing to the expansion of the retail industry, which signifies the need for effective material-handling solutions. Many companies, such as Amazon, eBay, and Alibaba, are investing in the MEA to expand their businesses. According to Arab News, in November 2022, Amazon established a new office in Riyadh, Saudi Arabia, to boost its e-commerce and logistics operations across the country. This expansion is predicted to support the country's digital economy in line with its Saudi Vision 2030. Thus, with the expansion of e-commerce giants in the MEA, the market for ASRS for garments for hangers is also expected to grow significantly in the future. Moreover, various retailers in the region are implementing ASRS for garments on hangers. For example, as of February 2021, Dematic constructed a new 265,000-square-meter automated distribution center in Dubai, UAE, for the Landmark Group-which is a multinational conglomerate. Dematic allows the global retailer to streamline logistical activities for a portion of its five current manual distribution facilities. Thus, such instances create the demand for the ASRS for garments on hangers in the region.
Middle East & Africa ASRS for Garments on Hangers Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa ASRS for Garments on Hangers Strategic Insights
Get more information on this report Middle East & Africa ASRS for Garments on Hangers Report Scope
Report Attribute
Details
Market size in 2022
US$ 68.09 Million
Market Size by 2030
US$ 117.30 Million
Global CAGR (2022 - 2030)
7.0%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By Application
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Get more information on this report Middle East & Africa ASRS for Garments on Hangers Regional Insights
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Middle East & Africa Segmentation
The Middle East & Africa ASRS for garments on hangers market is categorized into type, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa is segmented into warehousing & logistics, retail 3PL, hotels, hospitals & institutes, and others. The warehousing & logistics segment held the largest share of Middle East & Africa 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 Middle East & Africa is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East and Africa. The UAE dominated the Middle East & Africa share in 2022.
Schonenberger Systeme GmbH, BEUMER Group GmbH & Co KG, Dematic Corp, and KNAPP AG are among the leading companies operating in the Middle East & Africa .
1. Schonenberger Systeme GmbH
2. BEUMER Group GmbH & Co KG
3. Dematic Corp
4. KNAPP AG
The Middle East & Africa ASRS for Garments on Hangers Market is valued at US$ 68.09 Million in 2022, it is projected to reach US$ 117.30 Million by 2030.
As per our report Middle East & Africa ASRS for Garments on Hangers Market, the market size is valued at US$ 68.09 Million in 2022, projecting it to reach US$ 117.30 Million by 2030. This translates to a CAGR of approximately 7.0% during the forecast period.
The Middle East & Africa 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 Middle East & Africa ASRS for Garments on Hangers Market report:
The Middle East & Africa 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 Middle East & Africa ASRS for Garments on Hangers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa ASRS for Garments on Hangers Market value chain can benefit from the information contained in a comprehensive market report.
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