Mexico Headwear Market Size & Outlook, 2022-2030
Mexico headwear market, 2017-2030 (US$M)
Related Markets
Mexico headwear market highlights
- The Mexico headwear market generated a revenue of USD 1,089.9 million in 2022 and is expected to reach USD 1,564.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.6% 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.
Headwear market data book summary
| Market revenue in 2022 | USD 1,089.9 million |
| Market revenue in 2030 | USD 1,564.5 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Hats and caps |
| Fastest growing segment | Beanies |
| 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, Mexico accounted for 4.1% 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 North America, U.S. headwear market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 917.8 million by 2030.
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Headwear Market Scope
Headwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 57.93% in 2022. Horizon Databook has segmented the Mexico headwear market based on hats and caps, beanies covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for headwear in Mexico is driven by several factors, including the country's sunny weather, the cultural significance of hats, and the adaptability of traditional headwear as both functional and fashionable items.
This ensures a persistent and year-round market for various types of headwear, particularly charro hats and sombreros, which symbolize Mexican culture and heritage. In line with this trend, several companies offer customized traditional hats.
In April 2023, The Mexican Baseball League announced a partnership with New Era Caps. This partnership introduced a collection of over 450 cap models and 50 distinct jersey designs for the season.
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Our clientele includes a mix of headwear market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico headwear market , including forecasts for subscribers. This country databook contains high-level insights into Mexico headwear market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico headwear market size, by type, 2017-2030 (US$M)
Mexico Headwear Market Outlook Share, 2022 & 2030 (US$M)
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