According to a new report, published by KBV research, The Global Headwear Market size is expected to reach $36.4 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
The Offline market is generating the high revenue in the Global Headwear Market by Distribution Channel in 2021; thereby, achieving a market value of $27.3 billion by 2028. The growth of offline channel revenue in the marketplace has been facilitated by the proliferation of clothes retail outlets, both local and startup. Furthermore, major manufacturers' promotional and advertising efforts throughout the holiday season through malls and standalone supermarkets, in addition to the advantages of shopping provided, will probably encourage consumers to buy things through these channels.
The Beanies market is showcasing a CAGR of 6.7% during (2022 - 2028). Because of their versatility, many individuals use beanies for everyday wear and various outdoor and indoor pursuits. Because of their vital role in providing shelter from the cold, beanies have long been incredibly popular in areas with cool temperatures. Furthermore, beanies are increasingly popular among young people because they come in stylish patterns and hues. These same elements will promote the segment's expansion.
The Asia Pacific market dominated the Global Headwear Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14.3 billion by 2028. The Europe market is anticipated to grow at a CAGR of 6.2% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 5.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/headwear-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Adidas AG, PVH Corporation (Calvin Klein), Capri Holdings Limited, Guccio Gucci S.p.A. (Kering Group), New Era Cap Co., Lacoste (Maus Frères SA), Superdry Plc, Nike, Inc., Ralph Lauren Corporation, and PUMA SE.
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Companies Profiled
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