IMARC Group, a leading market research company, has recently releases report titled “Headwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global headwear market size reached US$ 20.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.89% during 2023-2028.
What is Headwear?
Headwear refers to any element of protective gear or clothing that is used for shielding the head. Caps, hats, beanies, headbands, and helmets are commonly used headwear. They are manufactured using versatile and durable materials, such as cotton, silk, fur, wool, nylon, polyester fleece, and Kevlar. Headwear is widely used for outdoor activities, including biking, running, hiking, fishing, motorcycling, hunting, skiing, and snowboarding. It reduces the risk of skin cancer, protects the face and head from sunburn, aids in regulating body temperature, and prevents severe skull injuries. Headwear also provides comfort and warmth in frigid conditions and prevents heat loss. As a result, these elements find widespread utilization in casual, medical, and tactical applications.
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Headwear Market Trends and Drivers:
The escalating product demand in sports and allied activities and the emerging athleisure trends are among the primary factors driving the headwear market. Besides this, caps, helmets, and beanies are widely utilized in baseball, polo, cricket, skiing, and snowboarding to boost field performance, enhance comfort, and provide safety, which is further augmenting the market growth. Moreover, the expanding fashion industry and the elevating requirement for headwear as a style statement that balances the outfit, gives glamourous touch, and boosts confidence are also catalyzing the global market.
Apart from this, the growing popularity of product customization to match apparel, support sports teams, raise funds for a cause, and promote brands is acting as another significant growth-inducing factor. Additionally, the introduction of smart helmets that are equipped with Bluetooth connectivity, sensors, audio navigation, camera, and voice command to enhance the riding experience and provide additional protection is also stimulating the market growth. Furthermore, the increasing product need by special forces, military, police, and firefighters as part of their protective equipment is anticipated to propel the headwear market over the forecasted period.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Adidas AG, Boardriders, New Balance Inc., New Era Cap Company, Nike Inc., Pipolaki, Superdry plc, The Gap Inc., Topgolf Callaway Brands Corp. and Under Armour Inc.
Headwear Market Report Segmentation:
The report has been segmented
Breakup by Product Type:
- Caps and Hats
Breakup by Application:
Breakup by Distribution Channel:
- Online Stores
- Offline Stores
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- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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