The Global Market for Hats, Caps and Millinery is Projected to Reach US$7.7 Billion by 2020

Growing Emphasis on the Importance of Sun Protection Drives Demand for Hats, Caps & Millinery, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Hats, Caps and Millinery. The global market for Hats, Caps and Millinery is projected to reach US$7.7 billion by 2020, driven by the rising public awareness over melanoma skin cancer and the ensuing emphasis on sun protection.  

The global market for hats, caps and millinery is expected to witness growth supported by the rising awareness over the need to protect the skin from the harmful effects of ultraviolet (UV) radiation found in sunlight. The rising prevalence of melanoma and other forms of skin cancer is resulting in stronger emphasis on skin protection as a primary prevention strategy for skin cancer. Consumers’ changing sun protective behavior and attitudes such as wearing clothes and shades that prevent sunburns, is helping drive demand for sun protective hats and caps.  The market is also expected to benefit from the growing levels of fashion-consciousness among both men and women. While women constitute the traditional customer cluster for hats, caps and millinery, a large number of men are also sporting luxury branded hats to keep pace with changing fashion trends.

Fur hats, knitted hats, berets, classic hats, trapper hats, winter caps and vintage hats represent the most popular styles in fashion. Baseball caps are witnessing strong demand supported by the growing popularity of these caps, among both athletes and non-athletes, as casual sun protection apparel accessories. Other most popular headwear include police caps and hats, opera hats, straw harvest hats, panamas, jungle-cloth helmets, hat bodies made from wool-felt, fur-felt and straw, and uniform hats and caps, among others.

As stated by the new market research report on Hats, Caps and Millinery, the United States represents the single largest market worldwide. Improving economic conditions, rising levels of employment, and increasing discretionary spending on apparel and accessories, are helping spur growth in the country. Asia-Pacific is forecast to spearhead future growth in the market with the fastest CAGR of 4.6% over the analysis period. Strong GDP growth in emerging nations like China and India, growing base of affluent middle class population, rising fashion consciousness, and availability of a wider range of product choices in terms of colors, fabric, and styles, are factors driving growth in the region. China is emerging into a major market, spurred by rapid urbanization and Westernization of lifestyles.

Major players covered in the report include Bollman Hat Company, Charles Owen & Co (Bow) Ltd, Dada Corporation, Gap Inc., Global Headwear Ltd., Grace Corporation Ltd., Guccio Gucci SpA, Imperial Headwear Inc., Mainland Headwear Holdings Limited, New Era Cap Co Inc., Pukka Headwear Inc., Spyder Active Sports Inc., SSP Hats, totes ISOTONER Corporation, William Scully Limited, Yupoong, Inc. and Flexfit LLC among others.

The research report titled “Hats, Caps and Millinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World.