Global Women’s hats and caps Market Outlook:
Women’s hats and caps are types of headgears that are worn by women for different reasons. Women’s hats and caps can be worn during formal as well as casual occasions. Hats and caps are two different things. The hat is a term with a wider scope which includes headgears of different sizes and crowns. Any headgear with a crown and brim of any size can be referred to as a hat, whereas, a cap on the other side is a form of hat that has an unshaped crown and a visor. A cap is comparatively softer than a hat due to its brim. Hats are usually used for more ceremonial functions whereas caps are used for informal events and are used mostly as a fashionable headpiece. Women’s hats and caps are usually used for protection from sunlight, rain, for safety, for ceremonial purpose or as an accessory. The companies in the women’s hats and caps market are constantly making new additions to their portfolios by introducing new spring-summer collections or new limited edition caps. SunGrubbies an online retailer of hats launched its new sun protection collection recently. Another company Katherine Elizabeth Hats recently in January 2020 introduced spring-summer fashion trends that include headscarves that are wrapped in a variety of ways, and also include straw hats for sun protection and beach look. New introduction of limited edition designs and spring-summer collections of women’s hats and caps are likely to boost the demand for women’s hats and caps. Certain myths around using hats and caps like wearing a hat or cap make you go bald are likely to hamper the growth of women’s hats and caps market in certain regions.
The current pandemic outbreak has caused disruptions in the production of women’s hats and caps, this is likely to affect the temporary supply of these products in the market. The pandemic outbreak has also impacted the current sales of women’s hats and caps in the market as the demand for these products is also low currently. But the impact is temporary in nature.
Reasons for Covering Women’s hats and caps Market:
Women’s hats and caps are worn during formal as well as casual functions. The women’s hats and caps important accessories that are not only worn as fashion symbols but also reflect an individual status. Hence, the increasing fashion consciousness among individuals is likely to fuel the demand for women’s hats and caps in the market. Besides this, the women’s hats and caps also carry cultural significance, especially in the United Kingdom. The women’s hats and caps are worn during ceremonial functions in these regions. This cultural significance behind wearing a hat or a cap is driving the demand for women’s hats and caps in the market.
Global Women’s hats and caps Market Segmentation:
The global Women’s hats and caps market can be categorized on the following basis:
On the basis of product type, the Women’s hats and caps market has been segmented as-
On the basis of Material type, the Women’s hats and caps market has been segmented as-
On the basis of sales channel, the Women’s hats and caps market has been segmented as-
On the basis of the price range, Women’s hats and caps market has been segmented as-
Women’s hats and caps Market: Regional Outlook
The Women’s hats and caps market classified into seven regions: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa. The current potential market regions in the women’s hats and caps market are the Asia Pacific and European regions due to the increasing demand for women’s hats and caps due to the pacific location and weather conditions in the Asia Pacific and increasing fashion consciousness in European regions. North America is another potential market due to an increase in disposable income. The Middle East and Africa are also likely to register a high CAGR during the forecast period.
Women’s hats and caps Market: Key Players
Some of the well established and prominent players in the global women’s hats and caps market are Gap, Inc, Bollman Hat Company, Charles Owen & Co, New Era Cap Co, Mainland Headwear Holdings Limited, Guccio Gucci S.p.A, Global Headwear Ltd., Grace Corporation Ltd, and many other companies.