India Headwear Market Size & Outlook, 2022-2030
India headwear market, 2017-2030 (US$M)
Related Markets
India headwear market highlights
- The India headwear market generated a revenue of USD 2,467.1 million in 2022 and is expected to reach USD 4,219.2 million by 2030.
- The India market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, hats and caps was the largest revenue generating type in 2022.
- Hats and Caps is the most lucrative type segment registering the fastest growth during the forecast period.
Headwear market data book summary
| Market revenue in 2022 | USD 2,467.1 million |
| Market revenue in 2030 | USD 4,219.2 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Hats and caps |
| Fastest growing segment | Hats and Caps |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, India accounted for 9.3% of the global headwear market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China headwear market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,219.2 million by 2030.
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Headwear Market Scope
Headwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 52.52% in 2022. Horizon Databook has segmented the India headwear market based on hats and caps, beanies covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of Indian economy over the years has eventually led to an increase in disposable income of the middle-income population in the region. The growing population coupled with changing consumer spending habits have propelled market growth.
India has diverse geographical features and it experiences a wide range of weather conditions during the year. With a growing awareness about the harmful effects of UV radiation, a rise in demand for hats and sun-protective headwear is experienced in the country.
Awareness regarding skin health and sun protection has increased in India. Many consumers use hats and caps to shield themselves from the sun's harmful rays, especially in hot and sunny regions, thus boosting the headwear demand in the country.
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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 country-level data and insights on the India headwear market , including forecasts for subscribers. This country databook contains high-level insights into India headwear market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India headwear market size, by type, 2017-2030 (US$M)
India Headwear Market Outlook Share, 2022 & 2030 (US$M)
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