Asia Pacific Headwear Market Size & Outlook, 2022-2030
Asia Pacific headwear market, 2017-2030 (US$M)
Related Markets
Asia Pacific headwear market highlights
- The Asia Pacific headwear market generated a revenue of USD 10,716.6 million in 2022.
- The market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, hats and caps was the largest revenue generating type in 2022.
- Beanies is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 10,716.6 million |
| Market revenue in 2030 | USD 17,579.9 million |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Hats and caps |
| Fastest growing segment | Beanies |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hats and Caps, Beanies |
| Key market players worldwide | Adidas AG, PVH Corp, Kering SA, Aclarion Inc Ordinary Shares, Superdry PLC, Nike Inc Class B, Ralph Lauren Corp Class A, Puma SE, Lacoste, Versace |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 40.4% of the global headwear market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 4,023.3 million by 2030.
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Headwear Market Scope
Headwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific headwear market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to headwear market will help companies and investors design strategic landscapes.
Hats and caps was the largest segment with a revenue share of 57.99% in 2022. Horizon Databook has segmented the Asia Pacific headwear market based on hats and caps, beanies covering the revenue growth of each sub-segment from 2017 to 2030.
Headwear such as hats, caps, beanies, and headscarves is an essential component of fashion trends and is being considered as a style statement rather than just a necessity. The shift in consumer buying behavior owing to rising disposable incomes is projected to spur the headwear market.
Headwear are gaining traction among the younger population as a fashion segment. Asia Pacific countries have diverse landscapes, and many people engage in outdoor activities like hiking, camping, and sports.
Functional headwear, such as sun hats, beanies, and sports caps, are in demand to protect against sun exposure or harsh weather conditions. The intense summer season in India, China, and Australia also provides a boost to demand for headwear, especially hats.
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Target buyers of Asia Pacific headwear market databook
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Our clientele includes a mix of headwear market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific headwear market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific headwear market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific headwear market size, by country, 2017-2030 (US$M)
Asia Pacific Headwear Market Outlook Share, 2022 & 2030 (US$M)
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