Middle East & Africa Headwear Market Size & Outlook
Middle East & Africa headwear market, 2017-2030 (US$M)
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MEA headwear market highlights
- The MEA headwear market generated a revenue of USD 1,427.8 million in 2022.
- The market is expected to grow at a CAGR of 4.4% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,427.8 million |
| Market revenue in 2030 | USD 2,011.6 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Hats and caps |
| Fastest growing segment | Hats and Caps |
| 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, MEA region accounted for 5.4% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Headwear Market Scope
Headwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 65% in 2022. Horizon Databook has segmented the Middle East & Africa headwear market based on hats and caps, beanies covering the revenue growth of each sub-segment from 2017 to 2030.
The region's diverse climate, which ranges from hot and arid to cooler and more temperate, necessitates the use of headwear for sun protection, warmth, and comfort. This functional aspect of headwear drives consistent demand in the region.
These prestigious events have attracted significant attention and generated heightened interest in sports merchandise associated with the participating teams and the events themselves.
The increased visibility and global attention drawn to the region during these events have provided a valuable opportunity for headwear businesses and brands to capitalize on.
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Target buyers of Middle East & Africa 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 Middle East & Africa headwear market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa headwear market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA headwear market size, by country, 2017-2030 (US$M)
Middle East & Africa Headwear Market Outlook Share, 2022 & 2030 (US$M)
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