South Africa Headwear Market Size & Outlook, 2022-2030
South Africa headwear market, 2017-2030 (US$M)
Related Markets
South Africa headwear market highlights
- The South Africa headwear market generated a revenue of USD 471.3 million in 2022 and is expected to reach USD 684.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.8% 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 471.3 million |
| Market revenue in 2030 | USD 684.0 million |
| Growth rate | 4.8% (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, South Africa accounted for 1.8% 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 Middle East & Africa, South Africa headwear market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 684.0 million by 2030.
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Headwear Market Scope
Headwear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 67.24% in 2022. Horizon Databook has segmented the South Africa headwear market based on hats and caps, beanies covering the revenue growth of each sub-segment from 2017 to 2030.
The demand for hats and caps in South Africa is experiencing robust growth. South Africa's diverse climate, characterized by abundant sunshine and varying temperatures, necessitates headwear for sun protection and comfort, making hats and caps a practical choice year-round.
Furthermore, there is a strong cultural affinity for headwear in South Africa, with various ethnic groups and traditions incorporating distinct headpieces into their attire. This cultural diversity fuels a constant demand for a wide range of headwear styles, from traditional tribal headgear to contemporary fashion trends.
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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 South Africa headwear market , including forecasts for subscribers. This country databook contains high-level insights into South Africa headwear market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa headwear market size, by type, 2017-2030 (US$M)
South Africa Headwear Market Outlook Share, 2022 & 2030 (US$M)
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