This yarn storage tree is made of high quality wood, it rotates, and the pegs are fully adjustable in location and quantity. As shown in the photos it is configured for 64 yarn spools, but there are several dozen more pegs in the built-in storage box. Each peg extends 6" out, and when loaded the tree needs at least a 30" by 30" footprint in order to rotate fully. And it will hold plenty of weight as well. Overall height is 78".
This tree can certainly be adapted to hold other things besides yard spools. One obvious possibility would be spools of wire or cables, but the possibilities are wide open!