Pune, May 24, 2023 (GLOBE NEWSWIRE) -- A global Consumer Goods & Services research and business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Headwear Market”. The report is a combination of primary and secondary data and domain experts have analyzed the Headwear Market from a local and a global point of view. Over the forecast period, Maximize Market Research expects the market to grow from USD 20.54 Bn in 2022 to USD 29.82 Bn in 2029 at a CAGR of 5.47 percent.
Headwear Market Report Scope and Research Methodology
| Market Size in 2022 | USD 20.54 Bn. |
| Market Size in 2029 | USD 29.82 Bn. |
| CAGR | 5.47 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type and Distribution Channel |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/187996
The report provides a detailed analysis of the data through segments: type and distribution channel, and their multiple sub-segments. The bottom-up approach is used to estimate the size of the Headwear Market by value and volume. The report involves investment feasibility, growth drivers, opportunities, and competitive landscape in major geographic regions such as North America, Asia Pacific, Europe, the Middle East and Africa, and South America. The report analyses the Headwear Key Competitors through their market size and share, mergers and acquisitions, and collaborations happening in the market. The report helps new and existing Headwear Market Key Players to develop their strategies based on competitive benchmarking included in the report. The data has been collected through primary and secondary research methods. Primary data were gathered from interviews with market leaders and opinions from senior research analysts. Whereas, secondary data were collected from annual reports from the organizations and public records. The Headwear Market data were later analyzed by SWOT analysis, PORTER’s five force model, and PESTLE analysis.
Headwear Market Overview
There are multiple types of Headwear that occur in the fashion industry but are commonly available as well as popular among consumers Headwear are Hat, Beanie, Panama Hat, Fedora, Bowler Hats, Straw Hats, Fez, Ushanka, Bucket Hat, Kepi, Turban, Deerstalker, Bicorne, Mitre, etc. Collected data were analyzed using various statistical tools and techniques. The analysis includes both quantitative and qualitative analysis of the market, including market size, growth rate, market share, and market trends. The future growth of the Headwear Market is predicted based on historical data and analysis of the current market trends and growth drivers. The report includes a detailed analysis of the competitive landscape of the Headwear Market, including market share, competitive strategies, and product portfolio of the key players in the market.
Headwear Market Dynamics
An increase in fashion standards among the young generation and millennials boosts the demand for headwear in the market. Advancement in technology and installing it in the product to attract customers toward the product is a great strategy to increase the sales of the product in the overall market. The rising trend of athleisure is likely to boost the demand for sports headwear. A sports cap with a logo on it to identify the team is the key reason for its popularity among sports fans. The growth of sportswear is attributed to the rising transformation of sports hats from a common streetwear item to a fashionable must-have for the general public. Always changing warfare tactics and military exercises require advanced headwear to match the war tactics and protect the soldier from any injury that may happen during the exercises they perform. A crucial factor driving the market’s expansion is rising urbanization. The fashion sense of consumers has dynamically evolved in urban areas. The younger demographic is mostly embracing the headwear category as a fashion statement. The black hat was formerly used by men and has attained numerous forms in the fashion industry.
Get a Sample Copy of the Report : https://www.maximizemarketresearch.com/request-sample/187996
With increasing innovations in the making of headwear, Physicians and other medical personnel must wear hats while performing their duties, making them a crucial part of their outfits. Improved headgear keeps the hair undamaged and lets them conduct crucial operations without making any unintended mistakes. As a result, sales of all forms of headwear are increased by innovation in the sector. Hence, the rising innovations in the headwear market, which have led to the production of headwear suitable for any particular application, are accelerating the expansion of the market. Poor-quality headwear decreases the demand.
The National Health Service asserts that though frequent and prolonged hat use does not expedite hair loss, too-tight headwear can dry out the ends of the hair and trap oils at the roots. When hair becomes oily, dirt and germs can accumulate, obstructing oxygen flow to the follicles and possibly resulting in hair loss. This directly impacts the demand for headwear as more people use scarves instead of hats.
Headwear Market Regional Insights
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global headwear market, with a 40% market revenue share in 2022. In the upcoming years, the market in the Asia Pacific region is anticipated to grow significantly and steadily due to an increase in demand for various winter hats in nations like India, China, and Japan, as well as a sizable population. The market in the Asia Pacific region is anticipated to grow significantly and steadily due to an increase in demand for various winter hats in nations like India, China, and Japan, as well as a sizable population.
Europe is expected to witness the fastest growth during the forecast period. Good environmental conditions for winter wear in nations such as Norway, Finland, and Sweden are driving the demand for beanies, mufflers, and scarves. Also, the region has a cooler environment all year, so there is an increasing demand for winter wear products. Companies are offering novel headwear products of higher quality and new styles to fulfill the increased need for headwear items in the overall market.
Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/187996
Headwear Market Segmentation
By Type
- Hats
- Caps
- Headbands
- Beanies
- Others
The hats and caps segment is expected to dominate and account for the largest revenue share over the forecast period. Caps are versatile and serve as an everyday outdoor accessory for everyone.
By Distribution Channel
- Online
- Offline
Headwear Key Competitors include:
- New Era Cap Company, Inc. (USA)
- Adidas AG (Germany)
- Nike Inc. (USA)
- Under Armour, Inc. (USA)
- PUMA SE (Germany)
- VF Corporation (USA)
- Cap America, Inc. (USA)
- Flexfit LLC (USA)
- The North Face, Inc. (USA)
- Columbia Sportswear Company (USA)
- Carhartt, Inc. (USA)
- Stetson Worldwide (USA)
- Kangol Limited (UK)
- Bollman Hat Company (USA)
- Jaxon Hats, Inc. (USA)
- Bailey Hats (USA)
- Akubra Hats (Australia)
- Lock & Co. Hatters (UK)
- Christys’ Hats (UK)
- Hermes International S.A. (France)
- Giorgio Armani S.p.A. (Italy)
- Gucci (Italy)
- Burberry Group plc (UK)
- LVMH Moët Hennessy Louis Vuitton SE (France)
- Richemont (Switzerland)
PUMA, the well-known sportswear brand, introduced three limited-edition hat designs in May 2022 featuring the emblem of Hometown Heroes, which offers a fresh take on the brand's rich history of celebrating local heroes.
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/187996
Key questions answered in the Headwear Market are:
- What is the Headwear Market?
- What was the Headwear Market size in 2021?
- What is the expected Headwear market size during the forecast period?
- What are the global trends in the Headwear Market?
- What are the major restraints for the Headwear Market?
- Which segment dominated the Headwear Market growth?
- What is the demand pattern for the Headwear Market?
- What growth strategies are the players considering to increase their presence in the Headwear Market?
- What are the upcoming industry applications and trends for the Headwear Market?
- Who are the leading companies and what are their portfolios in the Headwear Market?
- Which region dominates the largest market share in the Headwear Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application, and Industry Vertical
- Market Segmentation – A detailed analysis by Type and Distribution Channel
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Smart Luggage Market - The market size is expected to reach USD 6.37 Bn by 2029 at a CAGR of 19.78 percent during the forecast period. The market is expected to grow due to Air travel becoming more and more popular, and as a result, there is an increasing need for practical and lightweight luggage solutions.
Golf Trolley Market - The market size is expected to reach USD 192 Mn by 2029 at a CAGR of 5.6 percent during the forecast period. The increasing popularity of golf as an active sport across countries has predominantly boosted the growth of the golf trolley market.
Organic Dinnerware Market - The market size is expected to reach USD 3.9 Bn by 2029 at a CAGR of 8.6 percent during the forecast period. One of the key drivers of this growth is the rising awareness of the environmental impact of plastic and other non-biodegradable materials used in conventional dinnerware.
Fashion Accessories Market - The market size is expected to reach USD 3236.13 Bn by 2029 at a CAGR of 14.56 percent during the forecast period. The market is also witnessing a trend towards eco-friendly and sustainable fashion accessories, driven by rising environmental concerns.
Tracksuits Market - The market size is expected to reach USD 15.95 Bn by 2029 at a CAGR of 7.9 percent during the forecast period. Growing Participation in Sports Activities to Drive the Market for Tracksuits.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
