Go Hookless: Clip the tips from No. 6 hollow wall anchors, drive them into pegboard, then secure your tool holder by driving screws into the anchors. Short lag bolts fit snugly in the holes to create additional hangers for lightweight objects.
Cheap, space saving, fold down garage workbench. Used doors as work top. screwed to wall. Door hinges attached to doors and Angled pieces swing out on strap hinges to support top. A notch was cut in so they fit around the