Global Hanger Market By Type(Plastic, Wooden, Stainless Steel, Aluminium, Other Types), By Application(Household, Commercial), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Report Overview

Global Hanger Market size is expected to be worth around USD 2.8 Bn by 2032 from USD 1.8 Bn in 2022, growing at a CAGR of 4.6% during the forecast period from 2023 to 2032.

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Since its inception, the Global Hanger Market, a domain of ferocious competition and constant change, has exhibited an astounding growth rate and inventiveness. Its all-encompassing sphere incorporates numerous industries, including the vibrant fashion, garment, and retail sectors. Wooden, plastic, and metal hangers are used to drape clothing, garments, and other accessories. These indispensable devices exemplify the essence of maintaining the pristine condition, impeccable organization, and unrestricted accessibility of garments.

There are no limits to the pursuit of the ideal hanger, which is driven by a voracious appetite for its indispensability in the glamorous world of fashion and textiles. Concurrently, the growing trend of meticulously organizing closets and adorning residences has endowed these versatile objects with newfound significance. Hangers are everywhere, in domestic homes, opulent hotels, bustling clothing stores, and even the venerable confines of laundry and dry cleaning businesses. The meteoric rise in demand for sustainable, eco-friendly hangers, the relentless pursuit of personalized customer experiences, and the seamless integration of automation and cutting-edge technologies will propel the global hanger market to astronomical growth in the near future.

In recent years, the global hanger market has been characterized by constant innovation and paradigm-shifting advancements, as evidenced by its market history. The introduction of smart hangers has unquestionably altered the landscape, as they are equipped with an array of sensors and Radio Frequency Identification (RFID) chips that grant retailers the ability to track inventories, decipher the complexities of consumer behavior, and provide bespoke shopping experiences to discerning customers.

Moreover, the introduction of eco-friendly hangers, painstakingly crafted from recycled plastic, wood, and other eco-friendly materials, has ushered in an era of environmental consciousness that strives to reduce waste production and mitigate environmental damage. These extraordinary innovations, brimming with potential, augur an unprecedented growth trajectory that will leave an indelible mark on the history of the global hanger market.

Diverse industries, cognizant of the multidimensional potential embodied in the global hanger market, have embarked on a frenetic crusade to unveil cutting-edge solutions tailored to the ever-evolving needs of this volatile sector. These industries are dominated by the fashion and apparel industry, a fervent patron that commands the lion's share of the market's lavish revenue.

Driving Factors

Increasing urbanization and population growth

As urbanization continues to increase, there is a growing demand for closets and wardrobes and other organized living spaces. This drives demand for hangers as an indispensable instrument for organizing and maintaining clothing.

Growing fashion and apparel industry

The fashion and apparel industry is expanding globally due to altering fashion trends, rising disposable income, and social media's influence. This expansion translates to an increase in the demand for hangers, as both manufacturers and consumers require effective storage and display solutions for apparel.

The E-Commerce Boom

The retail industry has been transformed by the rapid development of e-commerce. The popularity of online purchasing has increased product shipments and deliveries. Retailers and e-commerce platforms require hangers to ensure that clothing items are packaged, exhibited, and delivered in an organized manner.

Sustainability and eco-friendly initiatives

The environmental consciousness of consumers is growing, as is their preference for sustainable and eco-friendly products. Manufacturers of hangers are responding to this demand by creating hangers from recycled or biodegradable materials, or by selecting reusable hangers. These initiatives contribute to the expansion of the terminal market as a whole.

Hospitality and tourism industry

The hospitality and tourism industry requires numerous hangers for hotels, resorts, and other lodging establishments. As the global tourism industry continues to expand, so does the demand for hangers for closets and wardrobes in guest rooms.

Home improvement and organization trends

In response to the growing emphasis on home improvement and organization, consumers are investing in storage solutions to maximize space and maintain the cleanliness of their residences. Hangers play a crucial role in this process, as they facilitate the storage and organization of apparel.

Innovation and product diversification

Manufacturers of hangers are continually innovating and diversifying their product lines to appeal to various market segments. This includes the creation of hangers for specific categories of clothing, such as pants hangers, suit hangers, and skirt hangers, as well as hangers with additional features, such as clips or hooks.

Restraining Factors

Cost Competition

Price competition is one of the most significant factors restraining the global hanger market. Multiple manufacturers produce hangers, resulting in increased price competition. This competition has resulted in a significant reduction of profit margins in the hanger industry, making it difficult for lesser businesses to survive.

Additionally, many retailers seek cost-effective alternatives to purchasing hangers. This creates difficulties for manufacturers of hangers, as they are expected to provide quality hangers at a lower price. This constraint on price competition must be taken into account by both Hanger manufacturers and retailers.

Environmental Concerns

Environmental concerns are an additional significant factor restraining the global hanger market. The fashion industry is widely recognized as one of the most polluting in the world. Particularly, the production of hangers contributes substantially to this pollution.

The majority of the materials used by manufacturers of hangers are detrimental to the environment. These materials are non-biodegradable and non-recyclable, which substantially contributes to the global accumulation of waste.

As a result, numerous manufacturers are implementing new techniques to reduce the environmental impact of their manufacturing processes. Some businesses are now using eco-friendly materials in their production processes, which has created a market and demand for eco-friendly hangers. This move toward environmental responsibility is a crucial measure that must be taken to maintain the growth and sustainability of the hanger market.

Alternative Storage Options

Alternative stowage alternatives are another factor restraining the global hanger market. In recent years, alternative storage options such as vacuum-sealed containers, portable racks, hanger-free walls, and other space-saving techniques have become increasingly popular. These techniques have reduced the need for and demand for conventional hangers.

Therefore, manufacturers of hangers must adapt to these trends by developing new products to satisfy the market's new demands. These solutions may include new mounting designs and materials that meet the client's new requirements, such as portability, space efficiency, and adaptability.

Specialized Hanger Demands

The demand for specialized hangers is a further factor restraining the global hanger market. various types of hangers are required for various types of clothing in the modern fashion industry. For instance, a suit hanger is completely distinct from a T-shirt hanger, and a trouser hanger is distinct from a skirt hanger.

Therefore, hanger manufacturers must effectively meet these specialized demands. For instance, a manufacturer could offer hanger shapes and sizes that are adaptable to various varieties of clothing. With dependable customer feedback, manufacturers can enhance the quality and specifications of their hangers to satisfy their customers' specialized needs.

Type Analysis

For a long time, the Plastic Segment has dominated the global hanger market. In fact, statistics indicate that plastic hangers account for more than sixty percent of the global hanger market. The lightweight and durable nature of plastic hangers is one of the primary factors for their dominance. In addition to being eco-friendly and reasonably priced, these hangers are incredibly appealing to consumers.

The market has seen a significant increase in the adoption of plastic hangers, which have become increasingly popular worldwide. As the economies continue to expand at an unprecedented rate, emerging economies are propelling the adoption of the Plastic Segment in the hanger market. These nations are making substantial investments in a variety of industries, including manufacturing, retail, and consumer products, which has increased the demand for plastic hangers.

In addition, consumer tendencies and behaviors regarding the Plastic Segment of the hanger market have evolved rapidly. Consumers are now more aware of the environmental impact of their purchasing decisions, and plastic hangers have been identified as an eco-friendly alternative to traditional hangers. In addition, plastic hangers are safer, more versatile, and more pleasant to use, making them a 'go-to' option for consumers.

The outlook for the Plastic Segment of the hanger market remains optimistic, and it is anticipated that it will record the highest growth rate in the coming years. Due to its affordability, adaptability, and eco-friendliness, the segment is anticipated to maintain its dominance.

Application Analysis

The Commercial Segment dominates the global hanger market. This segment serves numerous industries, including the hospitality, healthcare, and retail sectors, among others. A variety of materials, including metal, plastic, and wood, are used to manufacture hangers for the commercial sector. These racks are utilized in hotels, laundries, hospitals, and other commercial establishments.

The economic development of emergent economies has had a significant impact on the adoption of the Commercial Segment in the hanger market. Hospitality and healthcare industries in emerging economies, in particular, are fueling the demand for commercial hangars. As economies continue to grow, the demand for commercial spaces such as hotels, hospitals, and retail malls increases, thereby boosting the demand for commercial hangars.

Trends and behaviors of consumers also play a significant role in the adoption of the Commercial Segment in the hanger market. Particularly in the hospitality and healthcare industries, consumers seek durable, roomy, and high-quality hangers. Due to industry requirements, consumers also seek hangers that are simple to sanitize and maintain.

Key Market Segments

By Type

• Plastic
• Wooden
• Stainless Steel
• Aluminium
• Other Types

By Application

• Household
• Commercial

Growth Opportunity

Eco-Friendly Materials

Due to their sustainability and environmental friendliness, eco-friendly materials are growing in popularity in the hanger market. Global awareness of environmental issues is increasing, and as a consequence, manufacturers are shifting toward eco-friendly products. Thus, natural and biodegradable materials such as bamboo, wood, and recycled plastic are becoming increasingly popular with consumers. In addition, governments across the globe are introducing regulations to encourage the use of environmentally beneficial materials.

Customization

Customization has become a trend in the hanger market, with consumers seeking personalized products that meet their particular requirements. Whether for personal or professional use, consumers are willing to pay a premium for customized hangers. This trend is especially evident in the hospitality and fashion industries, where hangers play an important role in enhancing brand image.

Space Saving Designs

Space-saving designs are an additional feature that significantly contributes to the expansion of the global hanger market. Due to population growth and urbanization, there is a severe shortage of space in urban areas. Customers, therefore, seek out hangers that are compact and simple to store. As a result, manufacturers are creating innovative designs that conserve space and offer practical storage options.

Premium Segments

The premium segment of the hanger market is growing in prominence, particularly for luxury clothing and accessories. Consumers are prepared to pay more for hangers that give their closets an upscale appearance and feel. In addition, premium hangers are viewed as a prestige symbol, and consumers enjoy displaying their premium hangers to demonstrate their taste and sense of style.

Anti Slip Features

On the hanger market, anti-slip characteristics are gaining importance due to safety concerns. With conventional hangers, garments slip off readily, resulting in potential accidents and damage. Anti-slip hangers mitigate these risks and provide a firm hold on garments, thereby decreasing the likelihood of damage and injury.

Latest Trends

Sustainable Materials

Sustainability is a common catchphrase in the fashion industry. Consumers are becoming increasingly aware of the environmental impact of their purchasing decisions. Consequently, hanger manufacturers are selecting eco-friendly and carbon footprint-reducing materials such as bamboo, wood, and recycled plastic. These materials are durable, and their disposal does not damage the environment. In addition to being eco-friendly, they lend a touch of opulence and sophistication to the garments they support.

Smart Inventory Management Solutions

In the fashion industry, intelligent inventory management solutions have been a game-changer, and this trend is now spreading to the hanger industry. Manufacturers are now incorporating intelligent technology into their hangers that can connect to an inventory management system and monitor the sales, performance, and customer feedback of each individual item. In addition, these hangers can be used to monitor the number of times a particular item is tried on by customers, thereby providing retailers with information about customer preferences.

Velvet and Flock coated Hangers

Velvet and flock-coated hangers represent the most recent development in the hanger industry. These racks are ideal for those who wish to maintain the pristine condition of their garments during long storage periods. In recent years, velvet and flock-coated hangers have gained widespread popularity. This is due to the protective layer they contribute to clothes, which prevents them from losing their shape or texture even if left on for extended periods.

Accessory Storage

The number of garments and items that need to be stored has increased substantially, as has the need for appropriate accessory storage. To accommodate this demand, manufacturers are now designing hangers with additional storage spaces. Some of these hangers include a detachable hook that can be used to place ties or scarves. Others include clips for holding accouterments such as belts or even handbags.

Minimalist Designs

The trend toward minimalism has taken hold in nearly every aspect of our lives, including hangers. The industry has been taken over by minimalist designs, with manufacturers creating hangers with simple aesthetics that appeal to various clothing brands. With minimalist hangers, you no longer need to be concerned about clashing colors or designs. You can simply concentrate on the fashion item itself.

Regional Analysis

Europe currently dominates the hanger market. This is not remarkable when one considers Europe's impressive collection of world-class fashion houses and luxury brands. From Italy's Gucci to France's Chanel, the continent is home to some of the fashion industry's most prominent brands, each of which has a significant demand for hangers. This article examines why Europe dominates the hanger market.

Europe is a leading provider of high-quality hangers, which is primarily due to the region's emphasis on fine craftsmanship. European hangers are constructed to perfection using resilient materials to ensure their longevity. Wooden and metal hangers are among the most popular types in Europe, thanks to their intricate designs and finishes.

A second reason why Europe dominates the hanger market is the continent's commitment to sustainability. European fashion firms have embraced the need to reduce their carbon footprint and promote sustainable practices, including hangers. In fact, many hanger manufacturers in Europe have embraced eco-friendly manufacturing methods, thereby reducing waste and their carbon footprint. These brands are concerned about their environmental impact as well as their brand reputation.

European hangers are renowned for their superior design, with features that meet the precise requirements of luxury fashion labels. For example, the majority of hangers in Europe feature non-slip supports to keep clothing in position. Similarly, their wide shape and shoulder contour enable them to accommodate a variety of garments without leaving marks or creases. Essentially, European hanger manufacturers have mastered the art of harmonizing functionality and design, ensuring that their hangers are both functional and aesthetically pleasing.

Europe's dominance in the hanger market can also be attributed to the diversity of available options. European hanger manufacturers serve a diverse clientele, ranging from high-end prestige fashion retailers to thrifty consumers. This indicates that there are hanger options for everyone, regardless of budget or style preferences. In addition, Europe has an extensive variety of hangers, including solitary hangers, tie hangers, trouser hangers, and many others. This ensures that customers will have access to the ideal hangers for their particular needs.

Key Regions and Countries

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

Mainetti Group: This Italian company produces over 6 billion hangers annually, making it the largest hanger manufacturer in the globe. The company has a presence in more than 50 countries and provides an extensive selection of hanger solutions.

AAHanger: is a company based in the United States that specializes in the design and production of custom hangers for the fashion industry. AAHanger is renowned for its innovative approach and ability to provide clients with high-quality products.

The Hangzhou Xinjian Plastic Products Company, Limited: This Chinese enterprise is one of the world's largest producers of plastic hangers. The company offers an extensive selection of products, including hangers for clothing, shoes, and accessories.

M&B Hangers: This American company is renowned for its high-quality wooden hangers. The organization provides a variety of timber hangers, including cedar, walnut, and cherry.

Simplify: This company based in the United States is a prominent manufacturer of extremely popular velvet hangers. The company offers an assortment of velour hangers in various colors and designs.

Top Key Players in Hanger Market

• Mainetti Group
• AAHanger
• Hangzhou Xinjian Plastic Products Co. Ltd
• M&B Hangers
• Guilin Silk Road Limited
• Yikai
• Hangers.com
• Guilin Harvest Co. Ltd
• Tam Hangers
• NAHANCO
• MAWA
• ERA Hanger
• Uniplast Industries
• Other Key Players

Recent Development

• In 2023, a well-known market participant, Command Products, will release a new line of Command Hooks that will revolutionize the way people organize and store their belongings.
• The unique design of the new Command Hooks makes them ideal for hanging garments, accessories, and other household items, as they are both simple to install and extremely durable. They will add a touch of sophistication to any room or closet with their streamlined and fashionable appearance.
• In 2023, Umbra, an additional significant player in the hanger market, introduced a new line of hangers that aims to provide a stylish and organized solution for contemporary living. These hangers are not only aesthetically appealing but also extremely durable and functional.
• In 2022, The Container Store, a well-known retailer of organization and storage solutions, will expand its selection of hangers to meet the increasing demand for high-quality hangers that can accommodate a variety of clothing shapes and sizes.

Report Scope