San Jose, California (PRWEB) September 25, 2013
Follow us on LinkedIn – Global market for hats, caps and millinery is expected to record steady growth driven by growing fashion-consciousness among both men and women, increasing demand from ageing baby boomers, and rising awareness about the need for sun protection to prevent risk of melanoma and other forms of skin cancer. While women constitute a traditional market for hats, caps and millinery, a large number of men are also sporting luxury branded hats to keep pace with changing fashion trends. Baby boomers are likely to emerge as the torch-bearers of the market in the near future, given their higher purchasing power and rising aesthetic values.
Though sales of hats, caps and millinery were affected by the adverse economic climate, the market is on the road to recovery led by recovering economic growth, and consumer confidence. Baseball caps are growing in popularity among both athletes and non-athletes led by the rising trend towards adorning caps as part of casual attire and for protection from the sun. 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 accessories are helping spur sales in the market. Widespread easy access to the Internet and the ensuing rising preference for online shopping is changing shopping patterns in the United States. Asia-Pacific is forecast to spearhead growth with the fastest CAGR of 4.8% 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 wide selection of products, are factors driving growth in the region. China has evolved as a major force in the global hats, caps, and millinery market spurred by fast paced urbanization and Westernization of lifestyles.
Major players covered in the report include Bollman Hat Company, Charles Owen & Co Ltd., Dada Corporation, Flexifit Inc. (Yupoong INC.), Gap Inc., Global Headwear Ltd., Grace Corporation Ltd., Guccio Gucci SpA, The LIDS Sports Group, Imperial Headwear Inc., Kau Kee Garments & Hats Manufacturer Ltd., Mainland Headwear Holdings Limited, New Era Cap Co Inc., Pukka Headwear Inc., Spyder Active Sports Inc., SSP Hats, totes ISOTONER Corporation, and William Scully Limited, 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, Latin America and Rest of World.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/