Global Headwear Market Report Size, Trends, and Growth Opportunity, By Type (Hats & Caps, Beanies)Others), By Distribution Channel (Online, Offline), By Region (North America, Europe, Asia Pacific, Latin America, the Middle East, and South Africa), and Forecast till 2027
Global headwear market
The global headwear market was valued at USD 23609.2 million in 2021 and is estimated to be worth USD 37023.75 million, growing at a CAGR of 6.17 percent from 2022 to 2027.Consumers are viewing headwear, such as headbands and even beanies, as a fashion statement rather than a necessity. This paradigm shift in consumer purchasing behaviour is expected to boost the headwear market during the forecast period. To pique consumer interest, major companies are increasingly releasing headbands in trendy styles such as padded and embellished. Prada, a luxury retailer, sells a variety of designer headbands, which helps the hair accessory market even more.Headwear is any piece of protective gear or clothing that is used to protect the head. Caps, hats, beanies, headbands, and helmets are examples of common headwear. Most women nowadays wear headbands, headscarves, and hats to enhance their appearance and protect themselves from heat, dust, and cold while out and about. They prefer to wear such headwear accessories to protect their skin from sun damage and cold weather, both of which can cause premature ageing marks on the face and neck.
For many years, the hat market has thrived as people become increasingly drawn to the product's ability to protect their hair and skin from dust, dirt, and harmful sunlight. A product with decent appeal and a variety of styles and designs helps entice more people. The growing production of smart hats that monitor heart rate and calories represents a market growth opportunity. For example, LifeBeam Smart Hats include a sensor that can monitor heart rate and calories and has a battery life of 17 hours.
Covid 19 Impact
COVID-19 has had an impact on the headwear market because headwear is classified as a non-essential product, and thus demand for the product has decreased during the pandemic period. The lockdown imposed in various countries forced offline stores to close, affecting the demand and supply of wearables from commercial sectors and reducing market growth. During the pandemic period, online sales are expected to increase.
Market Drivers
One of the key factors driving market growth is the increasing product usage in sports and related activities, combined with emerging athleisure trends. Caps, helmets, and beanies are commonly used in baseball, polo, cricket, skiing, and snowboarding to improve field performance, increase comfort, and provide safety.
Furthermore, the thriving fashion industry and widespread product adoption as a style statement that balances the outfit, adds a glamorous touch, and boosts confidence are boosting market growth significantly. In line with this, emerging trends of product customization to match apparel, support sports teams, raise funds for a cause, and promote brands are also driving growth.
Market Restraints
Tight headgear results in hampering the health of the heir. It is a restraint on market growth.
Market Segmentation
The headwear market is segmented by type (hats & caps, beanies, others), distribution channel (offline, online), and region (North America, Europe, Asia Pacific, Latin America, the Middle East, and South Africa).
Regional Analysis
In 2022, Asia Pacific dominated the market, accounting for more than 40.5% of total revenue. The Asia-Pacific market is expected to grow significantly and gradually in the coming years, owing to increased acceptance of various types of winter hats in countries such as China, India, and Japan, all of which have large populations. Furthermore, due to the fluctuating weather in southern Asian countries such as Australia, New Zealand, and others, headwear goods are widely used and preferred as a fashion statement, particularly among the Gen Z and millennial demographics.
As a result, retailers are responding to rising fashion trends by offering fashionable headbands, caps, and beanies. Furthermore, major brands such as Nike, Adidas, and Puma are introducing trendy designs such as padded and embroidered headbands and caps.
In the coming years, the European market is expected to lead the regional segmental share. The demand for beanies, mufflers, and scarves is being driven by favourable environmental conditions for winterwear in countries such as Norway, Finland, and Sweden, among others.
Key Players
The key players in the headwear market are Adidas AG, Calvin Klein, Gianni Versace S.r.l., Guccio Gucci S.p.A., New Era Cap, LACOSTE, Superdry PLC, Nike, RALPH LAUREN MEDIA LLC, and PUMA SE.
Market Taxonomy
Type
• Hats and Caps
• Beanies.
• Others
Distribution Channel
• Offline
• Online
Regional Outlook
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa
Global Headwear Market
1 Introduction
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Types
3 Executive Summary
4 Headwear Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Headwear Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Headwear Market Share Analysis, By Type
5.3 Global Headwear Market Size and Forecast, By Type
5.3.1. Hats & Caps
5.3.2. Beanies
5.3.3. Others
6 Global Headwear Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Headwear Market Share Analysis, By Distribution Channel
6.3 Headwear Market Size and Forecast, By Distribution Channel
6.3.1 Offline
6.3.2. Online
7 Global Headwear Market, By Region
7.1 Global Headwear Market Share Analysis, By Region
7.2 Global Headwear Market Size and Forecast, By Region
8 North America Headwear Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Headwear Market Size and Forecast, By Type
8.3 North America Headwear Market Size and Forecast, By Distribution Channel
8.4 North America Headwear Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Headwear Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Headwear Market Share Analysis, By Type
9.3 Europe Headwear Market Size and Forecast, By Distribution Channel
9. 4 Europe Headwear Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Headwear Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Headwear Market Share Analysis, By Type
10.3 Asia Pacific Headwear Market Size and Forecast, By Distribution Channel
10.4 Asia Pacific Headwear Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Headwear Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Headwear Market Share Analysis, By Type
11.3 Latin America Headwear Market Size and Forecast, By Distribution Channel
11.4 Latin America Headwear Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Headwear Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Headwear Market Share Analysis, By Type
12.3 Middle East Headwear Market Size and Forecast, Distribution Channel
12.4 Middle East Headwear Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Adidas AG
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Calvin Klein
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Gianni Versace S.r.l.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Guccio Gucci S.p.A
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 New Era Cap
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 LACOSTE
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Superdry PLC
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Nike
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 RALPH LAUREN MEDIA LLC
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 PUMA SE
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
Global Headwear Market
1 Introduction
1.1 Objective the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Types
3 Executive Summary
4 Headwear Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Headwear Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Headwear Market Share Analysis, By Type
5.3 Global Headwear Market Size and Forecast, By Type
5.3.1. Hats & Caps
5.3.2. Beanies
5.3.3. Others
6 Global Headwear Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Headwear Market Share Analysis, By Distribution Channel
6.3 Headwear Market Size and Forecast, By Distribution Channel
6.3.1 Offline
6.3.2. Online
7 Global Headwear Market, By Region
7.1 Global Headwear Market Share Analysis, By Region
7.2 Global Headwear Market Size and Forecast, By Region
8 North America Headwear Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Headwear Market Size and Forecast, By Type
8.3 North America Headwear Market Size and Forecast, By Distribution Channel
8.4 North America Headwear Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Headwear Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Headwear Market Share Analysis, By Type
9.3 Europe Headwear Market Size and Forecast, By Distribution Channel
9. 4 Europe Headwear Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Headwear Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Headwear Market Share Analysis, By Type
10.3 Asia Pacific Headwear Market Size and Forecast, By Distribution Channel
10.4 Asia Pacific Headwear Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Headwear Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Headwear Market Share Analysis, By Type
11.3 Latin America Headwear Market Size and Forecast, By Distribution Channel
11.4 Latin America Headwear Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Headwear Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Headwear Market Share Analysis, By Type
12.3 Middle East Headwear Market Size and Forecast, Distribution Channel
12.4 Middle East Headwear Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Adidas AG
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Calvin Klein
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Gianni Versace S.r.l.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Guccio Gucci S.p.A
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 New Era Cap
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 LACOSTE
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Superdry PLC
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Nike
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 RALPH LAUREN MEDIA LLC
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 PUMA SE
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
