Headwear market to grow by USD 7,847.52 million from 2022 to 2027|Increasing fashion consciousness and desire to enhance personal style to influence market growth – Technavio

NEW YORK, Aug. 3, 2023 /PRNewswire/ — The headwear market is expected to grow by USD 7,847.52 million from 2022 to 2027, according to Technavio. As per the latest report, the market will progress at a CAGR of 6.57% during the forecast period. Athleisure and sports-inspired headwear is an emerging market trend in the headwear market. Athleisure and sport-inspired clothing is a very important trend in the global headwear market and has become increasingly popular. Along with enhancing their active and sports lifestyles, customers are looking for headwear that provides practical benefits, which include utilizing materials that drain away moisture to keep the head dry and at ease while engaging in physical activity. Hence, such factors drive the growth of the market during the forecast period. View a Sample Report within minutes!

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our headwear market report covers the following areas:

• Headwear Market size
• Headwear Market trends
• Headwear Market industry analysis
• Headwear Market five forces analysis
• Headwear Market competitive landscape

• Distribution Channel
• Offline
• Online
• Product type
• Caps and hats
• Beanies
• Others
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

The market share growth by the offline segment will be significant during the forecast period. In this segment of the market, departmental stores are also a significant contributor to the headwear market in the global market. The growth from this segment has been declining in the past few years due to the rising preference for online shopping. But to improve their sales via the online route, traders are setting up new outlets locally and regionally. Hence, such factors fuel the growth of the offline segment of the headwear market during the forecast period.

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The increasing fashion consciousness and desire to enhance personal style drive the headwear market. The global market growth can be attributed to the consumer demand for modern and fashionable headwear. Since people become more fashion-conscious, they look for headwear accessories that go with their individual tastes and enable them to express their sense of style. They usually look for headwear that not only complements their clothing but also serves as an extension of it. Hence, such factors drive the growth of the headwear market during the forecast period.

The greater availability of counterfeit products challenges the growth of the headwear market. Counterfeiting of popular sports teams’ uniforms, such as hats and caps is frequently the target. As unauthorized copies are flooding the global market in clothing, textiles, or luxury goods, it misleads customers and hurts a legitimate brand’s reputation. Hence, challenges such as the presence of counterfeit products are expected to be a significant hinder the market in focus during the forecast period.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

We provide a detailed analysis of around 25 vendors operating in the Headwear Market, including some of the vendors such as Adidas AG, Akubra Hats Pty Ltd., Capri Holdings Ltd., Christy and Co. Ltd., Columbia Sportswear Co., FLEXFIT LLC, Giorgio Armani S.p.A., Hats.com LLC, Kering SA, Lock and Co. Hatters, Maus Freres SA, New Era Cap LLC, Nike Inc., PUMA SE, PVH Corp., Ralph Lauren Corp., Sports Direct International plc, SUPERDRY PLC, Under Armour Inc., and VF Corp. Backed with competitive intelligence and benchmarking, our research reports on the Headwear Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Company Offerings

• Adidas AG – The company offers headwear such as bucket hats, beanies, and baseball caps.
• Capri Holdings Ltd. – The company offers headwear under the subsidiary Versace.
• Columbia Sportswear Co. – The company offers headwear such as Bora Bora Booney, PFG Fish Flag, and Schooner Bank.

Headwear Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist headwear market growth during the next five years
• Estimation of the headwear market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the headwear market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of headwear market vendors

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Related Reports:
The footwear market in APAC size is expected to increase by USD 55.92 Billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.36%. Furthermore, this report extensively covers the Asia-Pacific Footwear Market segmentation by distribution channel (offline and online) and geography (APAC). The growing demand for athletic footwear is one of the key factors driving the footwear market growth in APAC. 

The sports apparel market size is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The market size is forecast to increase by USD 75.6 billion. This sports apparel market report extensively covers market segmentation by end-user (men, women, and children), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). One of the key factors driving the global sports apparel market growth is product premiumization due to the introduction of more innovative sportswear.

Table Of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global headwear market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global headwear market 2017 – 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 – 2021 ($ million)

• 4.3 Product type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Product type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel – Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline – Year-over-year growth 2022-2027 (%)

• 6.4 Online – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product Type

• 7.1 Market segments
• Exhibit 44: Chart on Product Type – Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product Type – Market share 2022-2027 (%)

• 7.2 Comparison by Product Type 
• Exhibit 46: Chart on Comparison by Product Type
• Exhibit 47: Data Table on Comparison by Product Type

• 7.3 Caps and hats – Market size and forecast 2022-2027 
• Exhibit 48: Chart on Caps and hats – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Caps and hats – Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Caps and hats – Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Caps and hats – Year-over-year growth 2022-2027 (%)

• 7.4 Beanies – Market size and forecast 2022-2027 
• Exhibit 52: Chart on Beanies – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Beanies – Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Beanies – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Beanies – Year-over-year growth 2022-2027 (%)

• 7.5 Others – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product Type 
• Exhibit 60: Market opportunity by Product Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Product Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Adidas AG
• Exhibit 115: Adidas AG – Overview
• Exhibit 116: Adidas AG – Business segments
• Exhibit 117: Adidas AG – Key news
• Exhibit 118: Adidas AG – Key offerings
• Exhibit 119: Adidas AG – Segment focus

• 12.4 Capri Holdings Ltd.
• Exhibit 120: Capri Holdings Ltd. – Overview
• Exhibit 121: Capri Holdings Ltd. – Business segments
• Exhibit 122: Capri Holdings Ltd. – Key news
• Exhibit 123: Capri Holdings Ltd. – Key offerings
• Exhibit 124: Capri Holdings Ltd. – Segment focus

• 12.5 Columbia Sportswear Co. 
• Exhibit 125: Columbia Sportswear Co. – Overview
• Exhibit 126: Columbia Sportswear Co. – Business segments
• Exhibit 127: Columbia Sportswear Co. – Key news
• Exhibit 128: Columbia Sportswear Co. – Key offerings
• Exhibit 129: Columbia Sportswear Co. – Segment focus

• 12.6 Giorgio Armani S.p.A. 
• Exhibit 130: Giorgio Armani S.p.A. – Overview
• Exhibit 131: Giorgio Armani S.p.A. – Product / Service
• Exhibit 132: Giorgio Armani S.p.A. – Key offerings

• 12.7 Kering SA
• Exhibit 133: Kering SA – Overview
• Exhibit 134: Kering SA – Business segments
• Exhibit 135: Kering SA – Key offerings
• Exhibit 136: Kering SA – Segment focus

• 12.8 Maus Freres SA
• Exhibit 137: Maus Freres SA – Overview
• Exhibit 138: Maus Freres SA – Product / Service
• Exhibit 139: Maus Freres SA – Key offerings

• 12.9 New Era Cap LLC
• Exhibit 140: New Era Cap LLC – Overview
• Exhibit 141: New Era Cap LLC – Product / Service
• Exhibit 142: New Era Cap LLC – Key offerings

• 12.10 Nike Inc.
• Exhibit 143: Nike Inc. – Overview
• Exhibit 144: Nike Inc. – Business segments
• Exhibit 145: Nike Inc. – Key news
• Exhibit 146: Nike Inc. – Key offerings
• Exhibit 147: Nike Inc. – Segment focus

• 12.11 PUMA SE
• Exhibit 148: PUMA SE – Overview
• Exhibit 149: PUMA SE – Business segments
• Exhibit 150: PUMA SE – Key news
• Exhibit 151: PUMA SE – Key offerings
• Exhibit 152: PUMA SE – Segment focus

• 12.12 PVH Corp.
• Exhibit 153: PVH Corp. – Overview
• Exhibit 154: PVH Corp. – Business segments
• Exhibit 155: PVH Corp. – Key offerings
• Exhibit 156: PVH Corp. – Segment focus

• 12.13 Ralph Lauren Corp.
• Exhibit 157: Ralph Lauren Corp. – Overview
• Exhibit 158: Ralph Lauren Corp. – Business segments
• Exhibit 159: Ralph Lauren Corp. – Key offerings
• Exhibit 160: Ralph Lauren Corp. – Segment focus

• 12.14 Sports Direct International plc 
• Exhibit 161: Sports Direct International plc – Overview
• Exhibit 162: Sports Direct International plc – Product / Service
• Exhibit 163: Sports Direct International plc – Key offerings

• 12.15 SUPERDRY PLC
• Exhibit 164: SUPERDRY PLC – Overview
• Exhibit 165: SUPERDRY PLC – Business segments
• Exhibit 166: SUPERDRY PLC – Key offerings
• Exhibit 167: SUPERDRY PLC – Segment focus

• 12.16 Under Armour Inc.
• Exhibit 168: Under Armour Inc. – Overview
• Exhibit 169: Under Armour Inc. – Business segments
• Exhibit 170: Under Armour Inc. – Key offerings
• Exhibit 171: Under Armour Inc. – Segment focus

• 12.17 VF Corp.
• Exhibit 172: VF Corp. – Overview
• Exhibit 173: VF Corp. – Business segments
• Exhibit 174: VF Corp. – Key news
• Exhibit 175: VF Corp. – Key offerings
• Exhibit 176: VF Corp. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Infiniti Research, Inc.