It's a solved problem, is what I imagine OP meant by the "idea". It's not theirs. Those products exist.
It's not harder to see what everything is because they come in variants where they are stacked vertically, can pop out, can slide out. I agree it might not be as space efficient, but at least you are not limited to thin items that don't crease. And it's just a rack and you can use $0.50 coat hangers instead of $6 ones.
I do see the beauty of this design, and it can be useful when you have limited width as well (as the van pictured), so this is not a hate on that, just that this is not a revolution, just a different take on it.