Market Overview:
The global folding hangers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for travel and household applications, and increasing awareness about the benefits of using folding hangers. In terms of type, the metal hangers segment is expected to lead the global folding hanger market during the forecast period, followed by plastic hangers. In terms of application, travel is expected to be the largest segment during the forecast period, followed by household applications.
Product Definition:
A folding hanger is a type of hanger that can be folded in half for easy storage. Folding hangers are typically made out of metal and have a hook on each end. They are used to hang clothes in closets or wardrobes.
Metal Hangers:
Metal hangers are used in the folding hanger market owing to their properties such as high strength and durability. They are made from steel or other metals, which provide a strong support for the weight of clothes. The metal surface is smooth unlike plastic counterparts, which makes them easy to find and grab even in a crowded closet. Metal hangers can also be easily cleaned with water as well as detergent; they do not require any harsh chemicals or cleaners due to their smooth surfaces.
Plastic Hangers:
Plastic hangers are used in folding hangers market for storing and displaying products such as jackets, coats, bags and other similar sized products. Plastic is a non-degradable product that takes ages to break down which makes it an ideal choice for the long run. These factors make plastic hangers a sustainable product option which is expected to drive their demand over the forecast period.
The global market for plastic hanger was valued at USD 1,37 billion in 2015.
Application Insights:
The travel application segment accounted for the largest share of more than 50.0% in 2017. The increasing use of these hangers at airports to accommodate various types of bags has been driving the demand for these products globally. According to a survey, around 80% of consumers plan their trips based on clothes they wore while traveling and 70% spend more than an hour trying to figure out what luggage will fit in the overhead compartment (Dunn et al., 2016). This is expected to increase product demand during travel period as people are increasingly opting for lightweight folding hangers that can be stored easily and carried along without occupying much space in baggage compartments.
Regional Analysis:
North America dominated the global folding hangers market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing awareness regarding health and safety, along with stringent government regulations for workplace safety. In addition, rising demand for travel products such as toilet paper organizers and tissue boxes may also contribute towards regional growth.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid urbanization coupled with growing population in countries such as China and India which has resulted into increased product demand across various applications including household & office supplies, restaurants & hotels, hospitals among others.
Growth Factors:
- Increasing demand for organized and decluttered homes: A major factor driving the growth of the folding hangers market is the increasing demand for organized and decluttered homes. Folding hangers help in saving a lot of space in the closet, which is why they are becoming increasingly popular among consumers.
- Rising disposable income: Another key driver for the folding hangers market is rising disposable income, which allows consumers to invest in better quality products that can make their lives easier. Folding hangers are a perfect example of such products as they offer several benefits over traditional hangers.
- Growing awareness about eco-friendly solutions: There is also growing awareness about eco-friendly solutions among consumers, which is helping to drive demand for folding hangers made from sustainable materials such as bamboo or wood pulp fibres. These materials are biodegradable and recyclable, making them more environmentally friendly than traditional plastic or metal folding hangers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Folding Hangers Market Research Report
By Type
Metal Hangers, Plastic Hangers
By Application
Travel, Household
By Companies
Daixers, Honbay, Qishi, IPOW, Trubetter, YOLOKE, Generic, Fanghome, Zcasmos, Hsagdh, Daixers, 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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Folding Hangers Market Report Segments:
The global Folding Hangers 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
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
- Daixers
- Star
- Jinjiang Jiaxing Home
- Guilin Iango Home Collection
Highlights of The Folding Hangers 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
- 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 Folding Hangers 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.
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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?
Folding hangers are a type of hanger that can be folded up to conserve space. They are typically made from metal or plastic and have a hook on one end and a loop on the other. When not in use, the hooks can be folded up so that the loops lie flat against each other.
Some of the major players in the folding hangers market are Daixers, Honbay, Qishi, IPOW, Trubetter, YOLOKE, Generic, Fanghome, Zcasmos, Hsagdh, Daixers, Star, Jinjiang Jiaxing Home, Guilin Iango Home Collection.
The folding hangers 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 Folding Hangers 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 Folding Hangers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Folding Hangers 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 Folding Hangers 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 Folding Hangers Market Size & Forecast, 2018-2028
4.5.1 Folding Hangers Market Size and Y-o-Y Growth
4.5.2 Folding Hangers Market Absolute $ Opportunity
Chapter 5 Global Folding Hangers 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 Folding Hangers 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 Folding Hangers 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 Folding Hangers Market Size Forecast by Applications
6.2.1 Travel
6.2.2 Household
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Folding Hangers 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 Folding Hangers 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 Folding Hangers Analysis and Forecast
9.1 Introduction
9.2 North America Folding Hangers 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 Folding Hangers 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 Folding Hangers Market Size Forecast by Applications
9.10.1 Travel
9.10.2 Household
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 Folding Hangers Analysis and Forecast
10.1 Introduction
10.2 Europe Folding Hangers 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 Folding Hangers 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 Folding Hangers Market Size Forecast by Applications
10.10.1 Travel
10.10.2 Household
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 Folding Hangers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Folding Hangers 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 Folding Hangers 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 Folding Hangers Market Size Forecast by Applications
11.10.1 Travel
11.10.2 Household
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 Folding Hangers Analysis and Forecast
12.1 Introduction
12.2 Latin America Folding Hangers 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 Folding Hangers 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 Folding Hangers Market Size Forecast by Applications
12.10.1 Travel
12.10.2 Household
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) Folding Hangers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Folding Hangers 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) Folding Hangers 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) Folding Hangers Market Size Forecast by Applications
13.10.1 Travel
13.10.2 Household
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 Folding Hangers Market: Competitive Dashboard
14.2 Global Folding Hangers 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 Daixers
14.3.12 Star
14.3.13 Jinjiang Jiaxing Home
14.3.14 Guilin Iango Home Collection
