Headwear Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Consumer Goods & Services
Report Code - OMR-CGS-234
Format: PDF, PPT, and Excel
Headwear Market to Skyrocket During Forecast at a CAGR of 5.7%; Rising Demand for Convenient Accessories, Changing Consumer Patterns in Buying, Increase in Product Launches, and Expanding Fashion Industry to Dictate Growth
Any apparel worn on top of the head is categorized as headgear, headwear, or headdress. This includes headgear, helmets, turbans, and numerous other varieties. In many cultures, it is socially expected to wear a helmet, scarf, or other head covering for religious or practical purposes. The Canadian tuque is just one example of insulating headwear worn against cold, heat, rain, snow, radiation, sunburn, sunstroke, dust, and pollutants.
The demand for headgear has decreased during the COVID-19 pandemic because it is regarded as a non-essential good. Several nations' lockdowns had a negative impact on the demand and availability of wearables in the commercial sector, delaying the market's expansion. During the epidemic, it is anticipated that sales via the web will increase.
Key Takeaways of the Headwear Market
By Product Type
The headwear and caps subsegment is projected to generate the lion's share of income in the headgear market over the forecast period. Caps serve various purposes and are a common form of headwear in the vast outdoors.
By Region
The popularity of the sports cap corresponded with the rise of the sportswear industry, allowing it to move from a streetwear staple to a fashionable must-have among general consumers. Due to increased demand, the hair extension industry is anticipated to grow rapidly in Asia-Pacific, where shops seeking to increase their typical selling price will profit from the ease of a fast add-on sale.
Athleisure to Grow Market Profitably
The pervasive adoption of headwear, especially hats, among athletes is largely due to the popularity of athleisure. A growing number of cricketers, baseball players, polo competitors, and tennis players opt to don headgear to enhance their on-field efficiency, comfort, and overall health. Due to the recent prevalence of athletic apparel, sports caps have gone from being a common sight on the street to being on everyone's wishlist. Menswear was another market segment where the style had made inroads.
Potential Sources of Income Include Both Well-Established Rivals and Newly Introduced Innovations
To pander to the increasing desire for personalization among today's youth, several well-known brands have introduced new varieties of headgear, particularly hats, that are personalized. The most recent fashion trends have a greater influence on consumers, leading them to combine their headwear and other accessories in novel ways. Numerous businesses, such as dance studios, eateries, and others in the service sector, have observed the increasing demand for headwear. The manufacturer's provision of high-quality headgear cannot be overemphasized.
Global Headwear Market Prominent Players
• Adidas AG (Germany)
• New Era Cap (U.S.)
• Nike Inc. (U.S.)
• Under Armour Inc. (U.S.)
• Calvin Klein (U.S.)
• LACOSTE (France)
• RALPH LAUREN MEDIA LLC (U.S.)
• Superdry PLC (U.K.)
• PUMA SE (Germany)
• Gianni Versace S.r.l. (Italy)
• Guccio Gucci S.p.A. (Italy)
Report Scope for Headwear Market
Product Type
• Beanies
• Headbands
• Caps/Hats
• Others
Distribution Channel
• Online Stores
o Third-Party Websites
o Company Websites
• Offline Stores
o Supermarkets/Hypermarkets
o Specialty Stores
o Others
Headwear Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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