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Global Headwear Market to reach USD 41175.0 million by the end of 2029.

Global Headwear Market Size study & Forecast, by Type (Hats & Caps, Beanies, Others), by Distribution Channel (Online, Offline) and Regional Analysis, 2022-2029

Product Code: OIRCGS-97480120
Publish Date: 24-04-2023
Page: 200

Global Headwear Market is valued at approximately USD 24879.20 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2022-2029. The expansion of the fashion sector, which has led to an increase in the appeal of fashion among the general public worldwide, is the main factor driving the growth of the headwear market. However, the increasing popularity of winter clothing and accessories like beanies, hats, and winter headwear items in developed nations can be attributed in large part to the altering weather patterns brought on by global warming. Along with this, rising e-commerce industry is also driving the sales of headwear market over the forecast period. Moreover, rising initiatives by the key market players is creating lucrative growth opportunity for the Global Headwear Market over the forecast period 2022-2029.

With almost a third of Facebook users anticipating to make purchases through the service in 2022, social commerce sales are predicted to triple by 2025, according to Statista. Along with this, H&M, Burberry, and Forever 21 are mainstream fashion labels that are leading the way for social e-commerce by using Instagram to market their goods and raise awareness of ethical and sustainable manufacturing. Thus, the market is been driven by the extensive use of e-commerce. In addition, start-ups are taking initiatives to build brand on e-commerce sites. For instance, Shabna and Shaiba Salam, sisters from Pune, India, started the fashion and leisure e-commerce platform Maneraa in 2019. The startup wants to draw attention to unbranded, small-known fashion and leisure stores. However, the changing fashion style stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Headwear Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America, is the leading region over the forecast period due to presence of leading companies in the region such as Adidas, Puma, etc, and the companies are taking initiatives which are driving the growth of Global Headwear Market in North American region. The Asia Pacific market is anticipated to grow significantly and steadily due to an increase in demand for a variety of winter hats in nations such as China, India, and Japan as well as a sizable population. Furthermore, headgear products are frequently used and preferred to be worn as a fashion statement, especially among the Gen Z and millennials, due to the variable weather in Southern Asian nations like Australia, New Zealand, and others.

Major market players included in this report are:
Adidas AG
Calvin Klein
Gianni Versace S.r.l.
Guccio Gucci S.p.A.
New Era Cap
Superdry PLC
Nike, Inc.

Recent Developments in the Market:
Ø In 2022, three different cap styles are part of the newly designed, limited edition “Hometown Heroes” hat collection from PUMA SE. In conjunction with Mike Camargo, the creator of Upscale Vandal, the first limited edition headgear collection will include caps, beanies, and bucket hats.
Ø The modern hat company Autumn Headwear, with headquarters in the US, has announced the release of its spring collection, “Spring/Summer 2022,” at select retailers and online. The Los Angeles-based August Studio created the headwear line, which consists of caps, beanies, and bucket hats.

Global Headwear Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hats & Caps

By Distribution Channel:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Headwear Market, by Region, 2019-2029 (USD Million)
1.2.2. Headwear Market, by Type, 2019-2029 (USD Million)
1.2.3. Headwear Market, by Distribution Channel, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Headwear Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Headwear Market Dynamics
3.1. Headwear Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing fashion awareness Growing popularity of winter clothing Rising e-commerce industry
3.1.2. Market Challenges Changing fashion style
3.1.3. Market Opportunities Rising initiatives by the key market players
Chapter 4. Global Headwear Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Headwear Market, by Type
6.1. Market Snapshot
6.2. Global Headwear Market by Type, Performance – Potential Analysis
6.3. Global Headwear Market Estimates & Forecasts by Type 2019-2029 (USD Million)
6.4. Headwear Market, Sub Segment Analysis
6.4.1. Hats & Caps
6.4.2. Beanies
6.4.3. Others
Chapter 7. Global Headwear Market, by Distribution Channel
7.1. Market Snapshot
7.2. Global Headwear Market by Distribution Channel, Performance – Potential Analysis
7.3. Global Headwear Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Million)
7.4. Headwear Market, Sub Segment Analysis
7.4.1. Online
7.4.2. Offline
Chapter 8. Global Headwear Market, Regional Analysis
8.1. Headwear Market, Regional Market Snapshot
8.2. North America Headwear Market
8.2.1. U.S. Headwear Market Type breakdown estimates & forecasts, 2019-2029 Distribution Channel breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Headwear Market
8.3. Europe Headwear Market Snapshot
8.3.1. U.K. Headwear Market
8.3.2. Germany Headwear Market
8.3.3. France Headwear Market
8.3.4. Spain Headwear Market
8.3.5. Italy Headwear Market
8.3.6. Rest of Europe Headwear Market
8.4. Asia-Pacific Headwear Market Snapshot
8.4.1. China Headwear Market
8.4.2. India Headwear Market
8.4.3. Japan Headwear Market
8.4.4. Australia Headwear Market
8.4.5. South Korea Headwear Market
8.4.6. Rest of Asia Pacific Headwear Market
8.5. Latin America Headwear Market Snapshot
8.5.1. Brazil Headwear Market
8.5.2. Mexico Headwear Market
8.5.3. Rest of Latin America Headwear Market
8.6. Rest of The World Headwear Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Adidas AG Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Calvin Klein
9.2.3. Gianni Versace S.r.l.
9.2.4. Guccio Gucci S.p.A.
9.2.5. New Era Cap
9.2.6. LACOSTE
9.2.7. Superdry PLC
9.2.8. Nike, Inc.
9.2.10. PUMA SE
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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