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

Report Format: PDF+Excel | Report ID: SR112023A6427
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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. 

Global Headwear Market

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global headwear market was valued at US$ 20.8 Billion in 2022.

We expect the global headwear market to exhibit a CAGR of 5.89% during 2023-2028.

The rising demand for headwear, as it protects the face from sunburn, reduces the risk of skin cancer, aids in regulating body temperature, prevents severe head injuries, etc., is primarily driving the global headwear market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of headwear.

Based on the product type, the global headwear market has been segregated into beanies, headbands, caps and hats, helmets, and others. Among these, beanies currently exhibit clear dominance in the market.

Based on the distribution channel, the global headwear market can be bifurcated into online stores and offline stores. Currently, offline stores hold the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global headwear market include 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.

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