About 10 years ago I discovered an inexpensive solution for that. I now use Pegboard a lot more. Makes it a lot easier and faster to reorganize my storage as my needs evolved and when I had to move.
Here is my secret to it. Very simple and inexpensive. Note that there are now a few more specialized holders that locks-in (I.E. Talon is a brand that comes to mind). These little clips I used are very inexpensive and works with existing metal hanger. They lock very securely. Bought them at Canadian Tire (a local automotive parts & hardware store.
The other part of the secret is making custom wooden holders and screwing L shaped fastener hook in the back. You just have to ensure proper spacing (for the pegboard holes), correct distance from hook to wood (the thickness of the Pegboard, usually 1/4 in) and make sure that you can pivot your holder to hook it solidly. Very easy! I uses a piece of Pegboard scrap to space the L hook and the wood when I screw them in. On some long holders that have a heavy load, I will put in 3 hooks.
Now all you have to do is make a bunch of holders for your various tools and put them up. Don't like the arrangements or need to make more room? Take them off and reposition, it is that easy
Here are some of the holders I made thru the years. Yes, even the phone shelf is custom but uses something different to hold it solidly. Forgot why I removed the power outlet cover, but it has long been replaced, safety first people!
Bob, hooked on Pegboards