Market Overview:
The global coat rack market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for coat racks from residential and commercial applications. In terms of type, the metal segment is expected to lead the global coat rack market during the forecast period, followed by plastic, wooden, and bamboo segments. The metal segment is projected to grow at a CAGR of 6.0% during the forecast period from 2018 to 2030 due to its durability and corrosion resistance properties.
Product Definition:
A coat rack is a piece of furniture with several hooks on it used to hang coats. It is often placed in a hallway or entryway.
Metal:
Metal is a material which has been used for making coat racks. It can be made from various metals such as steel, aluminum, cast iron and copper. Coat rack is a device used to hang coats, jackets or any other garments in the residential or commercial places like shops etc.
Plastic:
Plastic is a durable, lightweight, and versatile material that can be molded into various shapes. It is also an excellent alternative to metal as it does not rust or corrode easily. The global plastic and its usage in Coat Rack market size was estimated at USD 4.83 billion in 2015 and the industry is expected to witness significant growth over the forecast period owing to increasing demand for coat racks from residential as well as commercial sectors such as hotels, restaurants, hospitals among others.
Application Insights:
The application segment is segregated into 4 brackets, 6 brackets, 8 brackets and more than 8 brackets. In 2017, the 4 bracket application dominated the global coat rack market with a share of over 60%. The increasing number of hotels and restaurants in countries such as China, India and Australia has led to an increase in demand for coat racks. Furthermore, rising consumer preference for luxury products due to growing income levels will propel demand over the forecast period.
The 6 bracket application segment is expected to witness significant growth over the forecast period owing to its high usage at offices and workstations among other places. Increasing awareness regarding better aesthetics at office spaces along with improved functionality will drive demand for metal framed coats racks while plastic or wooden coated variants are likely to be preferred by colleges/universities across regions including North America and Europe Pacific rim respectively.
Regional Analysis:
Asia Pacific dominated the global coat rack market in 2017. This is attributed to increasing disposable income, growing population of working millennials and boom in real estate sector. Moreover, rising number of branded retail outlets and hotels across emerging countries such as China, India and Thailand are expected to drive regional growth over the forecast period.
Europe accounted for a significant share owing to high demand from residential application segment due to growing trend of home improvement activities among consumers on account of cold weather conditions in this region. In addition, increasing sales tax on luxury furniture including coat racks is anticipated to further fuel regional product demand over the next eight years.
North America emerged as one of the prominent markets for global coat rack industry with U.S.
Growth Factors:
- Increasing demand for organized storage in residential and commercial spaces.
- Rising popularity of modular furniture and open-concept living spaces that require coat racks for functionality and aesthetics.
- Growing trend of personalized home decorating that calls for unique coat rack designs to reflect the individual's personality or interests.
- Advances in materials technology and manufacturing processes that have led to the development of more stylish, durable, and affordable coat racks than ever before.
Scope Of The Report
Report Attributes
Report Details
Report Title
Coat Rack Market Research Report
By Type
Metal, Plastic, Wooden, Bamboo
By Application
4 Brackets, 6 Brackets, 8 Brackets, More Than 8 Brackets
By Companies
Dekangxing, Homebi, Linshimuye, IKEA, House of Quirk, Kurtzy, Umbra, SRUDIO DOMO, Andersen Furniture, LORELL, Inman
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Coat Rack Market Report Segments:
The global Coat Rack market is segmented on the basis of:
Types
Metal, Plastic, Wooden, Bamboo
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
4 Brackets, 6 Brackets, 8 Brackets, More Than 8 Brackets
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dekangxing
- Homebi
- Linshimuye
- IKEA
- House of Quirk
- Kurtzy
- Umbra
- SRUDIO DOMO
- Andersen Furniture
- LORELL
- Inman
Highlights of The Coat Rack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Plastic
- Wooden
- Bamboo
- By Application:
- 4 Brackets
- 6 Brackets
- 8 Brackets
- More Than 8 Brackets
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Coat Rack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A coat rack is a piece of furniture that is used to hang coats.
Some of the key players operating in the coat rack market are Dekangxing, Homebi, Linshimuye, IKEA, House of Quirk, Kurtzy, Umbra, SRUDIO DOMO, Andersen Furniture, LORELL, Inman.
The coat rack market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Coat Rack Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Coat Rack Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Coat Rack Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Coat Rack Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Coat Rack Market Size & Forecast, 2020-2028 4.5.1 Coat Rack Market Size and Y-o-Y Growth 4.5.2 Coat Rack Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal
5.2.2 Plastic
5.2.3 Wooden
5.2.4 Bamboo
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 4 Brackets
6.2.2 6 Brackets
6.2.3 8 Brackets
6.2.4 More Than 8 Brackets
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Coat Rack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Coat Rack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal
9.6.2 Plastic
9.6.3 Wooden
9.6.4 Bamboo
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 4 Brackets
9.10.2 6 Brackets
9.10.3 8 Brackets
9.10.4 More Than 8 Brackets
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal
10.6.2 Plastic
10.6.3 Wooden
10.6.4 Bamboo
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 4 Brackets
10.10.2 6 Brackets
10.10.3 8 Brackets
10.10.4 More Than 8 Brackets
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal
11.6.2 Plastic
11.6.3 Wooden
11.6.4 Bamboo
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 4 Brackets
11.10.2 6 Brackets
11.10.3 8 Brackets
11.10.4 More Than 8 Brackets
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal
12.6.2 Plastic
12.6.3 Wooden
12.6.4 Bamboo
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 4 Brackets
12.10.2 6 Brackets
12.10.3 8 Brackets
12.10.4 More Than 8 Brackets
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal
13.6.2 Plastic
13.6.3 Wooden
13.6.4 Bamboo
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 4 Brackets
13.10.2 6 Brackets
13.10.3 8 Brackets
13.10.4 More Than 8 Brackets
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Coat Rack Market: Competitive Dashboard
14.2 Global Coat Rack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dekangxing
14.3.2 Homebi
14.3.3 Linshimuye
14.3.4 IKEA
14.3.5 House of Quirk
14.3.6 Kurtzy
14.3.7 Umbra
14.3.8 SRUDIO DOMO
14.3.9 Andersen Furniture
14.3.10 LORELL
14.3.11 Inman