Clothes Hanger Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global clothes hanger market size was worth around USD 27.00 billion in 2019 and is predicted to grow to around USD 34.00 billion by 2026 with a compound annual growth rate (CAGR) of roughly 4% between 2020 and 2026. The report analyzes the global clothes hanger market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the clothes hanger market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Clothes Hanger industry. The report analyzes and declares the historical and current trends analysis of the Clothes Hanger industry and subsequently recommends the projected trends anticipated to be observed in the Clothes Hanger market during the upcoming years.

The clothes hanger market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Clothes Hanger market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Billion Units) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• Equally major respondents, the market for clothes hanger is set to grow annually at a rate of around 4%.
• In terms of Value, the global clothes hanger Market at 24.00 Billion in 2016 and is expected to reach 34.00 Billion by 2026.
• In terms of Volume, global clothes hanger Market at 56.00 Billion Units in 2016 and is expected to reach 69.00 Billion Units by 2026
• Based on type segmentation, the “Plastic hanger” category accounting for around 49%, share in 2019.
• Based on type segmentation, the “Residential” category accounting for around 47%, share in 2019

Key Recommendations from Analysts

• As per our analysis, the Europe market is estimated to grow at an of 31% share during 2019-2026
• Asia Pacific cloth hanger market accounted for a 29% revenue share in 2016. China, Japan, and India are the leading countries in the Asia Pacific cloth hanger market.
• China is the leading manufacturer of cloth hangers and exports the products in the U.S., Europe, and Southeast Asian countries.
• The Raw Material costs contain that is attached to materials that are purchased by its raw materials, business, manufacturing supplies parts, and components.
• The major raw material for the cloth hanger market includes aluminum, stainless steel, plastic, wood, etc.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Clothes Hanger industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Clothes Hanger industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Clothes Hanger market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Clothes Hanger industry. The Clothes Hanger market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Clothes Hanger sector. Key strategic developments in the Clothes Hanger market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Clothes Hanger market are appropriately highlighted in the report.

A cloth hanger is a curved piece of plastic, wood, or any other metal. It is also referred to as a coat hanger and used for hanging clothes. There are three common types of cloth hangers such as wooden hangers, plastic hangers, and wire hangers. Other types of hangers include padded hanger, velvet hanger, clip hanger, flocked hangers, and hangers with a locking bar. A wire hanger the typical old type of hanger, which has a simple loop of wire in a compressed triangle shape that extends into a hook at the top. Wire hangers are widely used by dry cleaners. Plastic hangers are made of plastic. Wooden hangers are made with wood and are usually wider than plastic and wire hangers. Wooden hangers are available in many different types of designs.

The Clothes Hanger market research report delivers an acute valuation and taxonomy of the Clothes Hanger industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Clothes Hanger industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Clothes Hanger industry is provided for the leading economies of the world.

The Clothes Hanger market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into Wire hanger, Wooden hanger, and Plastic hanger. In terms of Application segmentation, the market is bifurcated into Household and Commercial.

Some of the essential players operating in the Clothes Hanger market, but not restricted to include

•  Mainetti
•  MAWA
•  Whitmor
•  Guilin Iango Home Collection Co.Ltd.
•  M & B Hangers

The taxonomy of the Clothes Hanger industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Wire hanger
• Wooden hanger
• Plastic hanger

By Application Segmentation Analysis

• Household
• Commercial

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa