Mmmmm, wall space!
I can assure you that this situation will not* prevail for long.
Join your union,
I used to hang pegboard on the wall, but found 2 disadvantages 1) uses precious wall space, 2) you have to keep going to it for the tools. Now I mount pegboard on both sides of a frame which I mount on a cheap clothing rack on wheels (reinforced a little) [See photo]. This way the tools come to wherever I want them, twice the storage area/ sq metre (using both sides of frame) and they can be stored wherever I want without wasting wall space. Just another alternative.
Good concept i would like to do that with my clamps, my problem is i don’t have the floor space the machinery takes up all the floor space
i have just put in a wood turning lathe and that has killed all floor space