Market Overview:
The global foldable hanger 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 foldable hangers from various applications such as travel, household and commercial. Additionally, the growing awareness about the benefits of using foldable hangers is also contributing to the growth of this market. Some of the major factors that are restraining the growth of this market are high initial costs and lack of awareness about these products in some regions. The global foldable hanger market can be segmented on the basis of type into metal hangers and plastic hangers. The metal hanger segment is expected to hold a larger share in terms of revenue than plastic hangers duringthe forecast period from 2018to 2030 owingto its properties such as durabilityand strength.
Product Definition:
A foldable hanger is a type of hanger that can be folded in half for easy storage. This type of hanger is ideal for use in small spaces, such as closets or dorm rooms. The importance of foldable hangers lies in their ability to save space; they take up less room when not in use than traditional metal or wooden hangers.
Metal Hangers:
Metal hangers are used in the textile industry for folding and displaying clothes. They are made of steel, aluminum or other metals. The growth factor for metal hangers is their ability to hold a lot of weight without sagging or bending which makes them very useful in the foldable hanger market. Also, they have a long life as compared to plastic counterparts due to better quality materials used in their manufacturing process making it an important segment in the global market.
Plastic Hangers:
Plastic hangers are used in the manufacturing of foldable hanger. It is a device that is used to support and hold various types of clothing such as jackets, coats, trousers and dresses. The plastic material has certain properties which make it an ideal choice for this application including durability, strength and flexibility.
Application Insights:
The travel application segment accounted for the largest share of over 50.0% in 2017. The increasing number of travelers across the globe has resulted in increased demand for foldable hangers from the travel industry, which is likely to drive growth over the forecast period. For instance, online clothing marketplace, Fabindia clothe¢â‚¬â„¢s co-founder and CEO Kiran Bedi once said that he was planning to invest ¢â€š¹50 thousand dollars in developing a mobile app that helps people find appropriate clothes according to their body types and requirements. Such initiatives by prominent players are expected to fuel market growth during future years as well.
Regional Analysis:
North America dominated the global foldable hanger market in 2017. The region is expected to witness a considerable growth rate of 7.8% over the forecast period, owing to increasing demand for convenient storage solutions and rapid expansion of retail industry in Mexico and Canada. Moreover, presence of key manufacturers such as hang-up; LLC "Elcoman"; Svyatoslav Pivovarovskiy; Stalmasterfold; and FOLDAB will drive the regional market further.
Asia Pacific is anticipated to be one of the fastest growing regions during the forecast period owing to rising disposable income levels coupled with expanding middle-class population base in countries such as China, India, Thailand, Malaysia & Vietnam.
Growth Factors:
- Increasing demand for organized and decluttered homes: A major factor driving the growth of the foldable hanger market is the increasing demand for organized and decluttered homes. Consumers are increasingly looking for products that can help them organize their belongings in an efficient manner, without taking up too much space. Foldable hangers offer a convenient and space-saving solution to this problem, making them a popular choice among consumers.
- Rising popularity of minimalist lifestyle: Another key driver of the foldable hanger market is the rising popularity of minimalist lifestyles around the world. Minimalism is all about simplicity, functionality, and efficiency – something that foldable hangers perfectly embody. As more people adopt minimalistic lifestyles, we can expect to see an increase in demand for foldable hangers as well.
- Growing trend of home staging: Home staging has become a popular trend in recent years, as more people are realizing the importance of presenting their homes in a positive light when putting them up for sale or rent. One way to stage your home effectively is by using folded clothes instead of traditional bulky wardrobes – which is where foldable hangers come into play! By using these handy little devices to hang your clothes neatly on display, you can create an inviting atmosphere that will make potential buyers or tenants take notice!
Scope Of The Report
Report Attributes
Report Details
Report Title
Foldable Hanger Market Research Report
By Type
Metal Hangers, Plastic Hangers
By Application
Travel, Household, Commercial
By Companies
Daixers, Honbay, Qishi, IPOW, Trubetter, YOLOKE, Generic, Fanghome, Zcasmos, Hsagdh, JIANKUN, Star, Jinjiang Jiaxing Home, Guilin Iango Home Collection
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Foldable Hanger Market Report Segments:
The global Foldable Hanger market is segmented on the basis of:
Types
Metal Hangers, Plastic Hangers
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
Travel, Household, Commercial
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:
- Daixers
- Honbay
- Qishi
- IPOW
- Trubetter
- YOLOKE
- Generic
- Fanghome
- Zcasmos
- Hsagdh
- JIANKUN
- Star
- Jinjiang Jiaxing Home
- Guilin Iango Home Collection
Highlights of The Foldable Hanger 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 Hangers
- Plastic Hangers
- By Application:
- Travel
- Household
- Commercial
- 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 Foldable Hanger 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
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- Consumer Insights
- Understanding Competition Scenario
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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 foldable hanger is a type of hanger that can be folded up to fit in a small space. This makes it easier to store and transport, and it can be used in many different ways.
Some of the major players in the foldable hanger market are Daixers, Honbay, Qishi, IPOW, Trubetter, YOLOKE, Generic, Fanghome, Zcasmos, Hsagdh, JIANKUN, Star, Jinjiang Jiaxing Home, Guilin Iango Home Collection.
The foldable hanger market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Foldable Hanger 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 Foldable Hanger Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Foldable Hanger 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 Foldable Hanger 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 Foldable Hanger Market Size & Forecast, 2018-2028
4.5.1 Foldable Hanger Market Size and Y-o-Y Growth
4.5.2 Foldable Hanger Market Absolute $ Opportunity
Chapter 5 Global Foldable Hanger 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 Foldable Hanger Market Size Forecast by Type
5.2.1 Metal Hangers
5.2.2 Plastic Hangers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Foldable Hanger 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 Foldable Hanger Market Size Forecast by Applications
6.2.1 Travel
6.2.2 Household
6.2.3 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Foldable Hanger 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 Foldable Hanger 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 Foldable Hanger Analysis and Forecast
9.1 Introduction
9.2 North America Foldable Hanger 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 Foldable Hanger Market Size Forecast by Type
9.6.1 Metal Hangers
9.6.2 Plastic Hangers
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 Foldable Hanger Market Size Forecast by Applications
9.10.1 Travel
9.10.2 Household
9.10.3 Commercial
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 Foldable Hanger Analysis and Forecast
10.1 Introduction
10.2 Europe Foldable Hanger 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 Foldable Hanger Market Size Forecast by Type
10.6.1 Metal Hangers
10.6.2 Plastic Hangers
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 Foldable Hanger Market Size Forecast by Applications
10.10.1 Travel
10.10.2 Household
10.10.3 Commercial
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 Foldable Hanger Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Foldable Hanger 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 Foldable Hanger Market Size Forecast by Type
11.6.1 Metal Hangers
11.6.2 Plastic Hangers
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 Foldable Hanger Market Size Forecast by Applications
11.10.1 Travel
11.10.2 Household
11.10.3 Commercial
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 Foldable Hanger Analysis and Forecast
12.1 Introduction
12.2 Latin America Foldable Hanger 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 Foldable Hanger Market Size Forecast by Type
12.6.1 Metal Hangers
12.6.2 Plastic Hangers
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 Foldable Hanger Market Size Forecast by Applications
12.10.1 Travel
12.10.2 Household
12.10.3 Commercial
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) Foldable Hanger Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Foldable Hanger 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) Foldable Hanger Market Size Forecast by Type
13.6.1 Metal Hangers
13.6.2 Plastic Hangers
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) Foldable Hanger Market Size Forecast by Applications
13.10.1 Travel
13.10.2 Household
13.10.3 Commercial
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 Foldable Hanger Market: Competitive Dashboard
14.2 Global Foldable Hanger Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Daixers
14.3.2 Honbay
14.3.3 Qishi
14.3.4 IPOW
14.3.5 Trubetter
14.3.6 YOLOKE
14.3.7 Generic
14.3.8 Fanghome
14.3.9 Zcasmos
14.3.10 Hsagdh
14.3.11 JIANKUN
14.3.12 Star
14.3.13 Jinjiang Jiaxing Home
14.3.14 Guilin Iango Home Collection
