Global Hanger Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hanger Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hanger is a tool for hanging clothes and other items. It can be made of wood, plastic, metal and other raw materials. Products are widely used in commercial fields and households.

Market Overview:

The latest research study on the global Hanger market finds that the global Hanger market reached a value of USD 27825.55 million in 2022. It’s expected that the market will achieve USD 32382.6 million by 2028, exhibiting a CAGR of 2.56% during the forecast period.

The industrial chain is affected

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Hanger market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Hanger market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

The production cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Economic Factors

The continuous development of the global economy and the continuous improvement of people's living standards will further promote the stable and healthy development of the Hanger industry. With the continuous expansion of production and sales scale and the continuous development of the downstream garment industry, the demand for Hanger in the downstream market has further increased. Hanger's market penetration rate has increased, its industrial capacity has been continuously expanded, and its industrial structure has been further improved and optimized. The economic development and demand growth of downstream market are favorable economic factors for Hanger industry.

Social Factors

In recent decades, the social and cultural environment has undergone earth-shaking changes. People's lifestyles have also changed, and people pay more attention to production efficiency and product operation convenience. The appearance of Hanger conforms to the development trend of the market, which is beneficial to improve the service efficiency and quality. This makes the Hanger market develop continuously. At the same time, with the development of downstream industries, the demand for Hanger is increasing. This makes the Hanger market constantly innovate and improve the automation degree in the industry. Therefore, there is still much room for development in the Hanger industry. In the process of social development, the application of Hanger in the downstream field is expanding, which is also a good social environment for Hanger market.

Region Overview:

Geographically, China held the largest market share – 28.36% in 2021.

Company Overview:

Mainetti Group is one of the major players operating in the Hanger market, holding a share of 4.1% in 2022.

Mainetti Group

Mainetti has been a trusted partner to the world’s most respected and well-known retail and apparel brands.
Mainetti’s diversified portfolio includes Packaging, Branding, Supply Chain, and Intelligent (RFID) Solutions.

Tam Hangers

Tam Hangers is a provider of plastics. It offers bottom-wear hangers, metal hangers, metal hangers, dry-cleaning hangers, suit and jacket hangers, kids-wear hanger, lingerie hangers, top-wear hangers, wood effect plastic garment hangers, and other products.

Segmentation Overview:

By type, Wood segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Household segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hanger market covered in Chapter 3:

NAHANCO
Hangers.com
Top CO., LTD
ERA Hanger
Guilin Harvest Co., Ltd
Guilin Silk Road Limited
Yikai
Uniplast Industries
Tam Hangers
GOH International Ltd.
Mainetti Group
MAWA
Terpac
EISHO

In Chapter 4 and Chapter 14.2, on the basis of types, the Hanger market from 2018 to 2029 is primarily split into:

Wood
Plastic
Metal
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hanger market from 2018 to 2029 covers:

Household
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)