Asphalt Shingles Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The ASRS for garments on hangers market size has grown strongly in recent years. It will grow from $1.9 billion in 2024 to $2.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rise of retail and e-commerce, growing environmental awareness, demand for tailored storage solutions, increasing emphasis on efficient space utilization and organization within warehouses, rising labor costs.

The ASRS for garments on hangers market size is expected to see strong growth in the next few years. It will grow to $2.83 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth in the forecast period can be attributed to rapid growth of fast fashion necessitates agile and efficient storage solutions, increasing demand for just-in-time inventory management, the rise of smart cities necessitates smart logistics solutions, increasing consumer demand for faster order fulfillment. Major trends in the forecast period include integration of AI and machine learning, customization options, robotics integration, adoption of modular designs, cloud connectivity, advancement in technology.

The burgeoning e-commerce industry is poised to drive the growth of the ASRS for garments-on-hangers market in the foreseeable future. E-commerce, representing the online exchange of goods and services facilitated through the Internet, is propelled by factors such as increased internet penetration, consumer convenience, and evolving preferences favoring online shopping. ASRS for garments on hangers plays a pivotal role in enhancing inventory management and operational efficiency within e-commerce warehouses by facilitating swift and accurate processing of clothing orders. For instance, according to the International Trade Administration, the global B2C e-commerce revenue is projected to reach $5.5 trillion by 2027, with a steady compound annual growth rate of 14.4%. Additionally, the gross merchandise value (GMV) in 2023 surged to $24.45 trillion from $21.01 trillion in 2022. Hence, the surging e-commerce industry is a key driver propelling the ASRS for garments-on-hangers market.

Leading companies in the Automated Storage and Retrieval Systems (ASRS) for garments on hangers market are concentrating on innovative solutions, such as automated hangers, to boost efficiency and cut costs. They are also emphasizing sustainable practices and the integration of IoT technology to optimize operations and enhance inventory management. An automated hanger is a technological system designed for the efficient storage and retrieval of garments, often utilizing conveyors or robotics. This system enhances organization and lowers labor costs in environments such as dry cleaning and laundry services. For example, in November 2023, RT Knits Ltd., a textile company based in Mauritius, introduced an Automated Hanger System (AHS). This system improves efficiency and decreases labor expenses by automating the handling of garments throughout the production process. It enhances workflow, quality control, and sustainability, ultimately streamlining operations within the garment manufacturing sector.

In March 2022, Element Logic, a Norway-based company specializing in material-handling equipment, successfully acquired SDI Industries for an undisclosed sum. This strategic acquisition is aimed at consolidating Element Logic's position as a leading global integrator of automated warehouse solutions. The incorporation of SDI Industries into Element Logic's portfolio will facilitate an expanded presence in North and South America. SDI Industries, headquartered in the United States, is recognized for its expertise in material handling equipment and industrial automation, with a specific focus on providing Automated Storage and Retrieval Systems (ASRS) for garments on hangers (GOH).

Major companies operating in the ASRS for garments on hangers market are Dematic Corporation, Daifuku Co. Ltd., Vanderlande Industries Holding B.V., KNAPP AG, Mainetti, Mecalux S.A., TGW Logistics Group GmbH, Bastian Solutions Inc., Vecna Robotics Inc., Kardex AG, J.S. Hanger, Whitmor, SSI SCHAEFER Systems International Holding AG, Interroll Group, M&B Hangers, Conveyco Technologies Inc., Henry Hanger, Bend & Hook, Swisslog Holding AG, Noega Systems S.L., Westfalia Technologies Inc., Geek+ Robotics (Beijing) Co. Ltd., Bend & Hook.

North America was the largest region in the ASRS for garments on hangers market in 2024. The regions covered in the asrs for garments on hangers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the asrs for garments on hangers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The ASRS for garments on hangers market consists of sales of automated garment sorting systems and robotic garment picking systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

An automated storage and retrieval system (ASRS) tailored for garments on hangers represents a sophisticated storage solution leveraging automated technology to efficiently manage the storage and retrieval of hanging garments within warehouse or distribution center settings. Engineered to optimize space utilization and streamline the handling of clothing items on hangers, this system significantly enhances overall operational efficiency across the supply chain.

Key types of ASRS for garments on hangers include the garment rail system, garment conveyor, and garment property storage solutions. The garment rail system, for instance, serves as a storage and transportation solution specifically designed for hanging and displaying clothing items, seamlessly integrated into ASRS setups to facilitate efficient storage and retrieval processes. Various load types such as unit load, mid load, vertical lift module (VLM), carousel, and mini load are utilized across warehousing and logistics, retail third-party logistics (3PL), hospitality, healthcare, educational institutions, and other sectors.

The ASRS for garments on hangers research report is one of a series of new reports that provides ASRS for garments on hangers market statistics, including the ASRS for garments on hangers industry's global market size, regional shares, competitors with an ASRS for garments on hangers market share, detailed ASRS for garments on hangers market segments, market trends and opportunities, and any further data you may need to thrive in the ASRS for garments on hangers industry. This ASRS for garments on hangers’ market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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