Headwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Headwear Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

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.

Headwear refers to any element of clothing or protective gear that is used for covering the head. Hats, caps, beanies, headbands, and helmets are some commonly used headwear. They are manufactured using durable and versatile materials, such as wool, cotton, silk, fur, nylon, polyester fleece, and Kevlar. Headwear is widely used for outdoor activities, such as biking, motorcycling, running, hiking, fishing, hunting, skiing, and snowboarding. It protects the face and head from sunburn, reduces the risk of skin cancer, aids in regulating body temperature, and prevents severe head injuries. Headwear also provides comfort and warmth in cold conditions and prevents heat loss.

Headwear Market Trends:
The increasing product utilization in sports and allied activities, coupled with emerging athleisure trends, is one of the key factors driving the market growth. Headwear, such as caps, helmets, and beanies, are widely used in baseball, polo, cricket, skiing, and snowboarding to boost field performance, enhance comfort, and provide safety. Furthermore, the thriving fashion industry and widespread product adoption as a style statement that balances the outfit, gives glamourous touch, and boosts confidence is providing a considerable boost to the market growth. In line with this, emerging trends of product customization to match apparel, support sports teams, raise funds for a cause, and promote brands are acting as another 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 creating a positive outlook for the market. Moreover, the increasing product utilization by special forces, military, police, and firefighters as part of their protective equipment is providing an impetus to the market growth. Other factors, including the rising adoption of sustainable manufacturing practices, easy product availability across e-commerce platforms, and increasing product utilization by doctors and medical staff, are anticipated to drive the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global headwear market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, application and distribution channel.

Breakup by Product Type:

Beanies
Headbands
Caps and Hats
Helmets
Others

Breakup by Application:

Casual
Medical
Tactical
Others

Breakup by Distribution Channel:

Online Stores
Offline Stores

Breakup by Region:

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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the global headwear market in 2022?
2. What is the expected growth rate of the global headwear market during 2023-2028?
3. What are the key factors driving the global headwear market?
4. What has been the impact of COVID-19 on the global headwear market?
5. What is the breakup of the global headwear market based on product type?
6. What is the breakup of the global headwear market based on the distribution channel?
7. What are the key regions in the global headwear market?
8. Who are the key players/companies in the global headwear market?