November 04, 2022 09:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
Valley Cottage, New York, UNITED STATES International Supports And Hangers Manufacture
NEWARK, Del, Nov. 04, 2022 (GLOBE NEWSWIRE) -- The global hangers market is worth US$ 483.4 Mn as of now and is expected to reach US$ 1.04 Bn by the year 2032 at a decent CAGR of 8% between 2022 and 2032.
Hangers come across as an inevitable commodity on domestic front, which have penetrated nearly every section of society, thereby leading to continuous demand for the same.
Hangers are designed for keeping clothes such that wrinkles could be prevented, and also for easy handling. Hangers available in the market include clip hangers with multiple or single clamps, regular clothes hangers, stacking hangers, and foldable hangers.
These hangers could come in several sizes for accommodating children’s clothing. Clothing-specific hangers could also be designed; say for trousers and skirts. It’s interesting to note that designer wall hooks are categorized as hangers.
The materials used for making hangers constitute steel (better known as wire hangers), plastic, and wood. There are hangers having a padding of various other materials like cotton, velvet, wool, nylon, or satin for giving it a luxurious feel. Hospitality sector uses hangers in dormitories, hostels, and hotels. And the retail sector in the shops.
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These days, wooden hangers are preferred in the wake of environmentally-friendliness. Plastic hangers have thus taken a backseat. However, wire or metal hangers still remain a top priority owing to the longevity.
Intelligent hangers are doing the rounds with advantages like clothes drying assistance and rain-proofing. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Hangers Market’.
Key Takeaways from Hangers Market
“With booming hospitality and retail sector, hangers market is expected to witness an acceleration in the forecast period”, says an analyst from Future Market Insights.
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What does the Report Cover?
Key Segments Covered In The Hangers Industry Analysis
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