Headstrong: Rising disposable income will boost spending, aiding industry revenue growth

Demand for the Hat and Cap Stores industry is largely determined by demographic changes and macroeconomic factors such as consumer confidence and per capita disposable income. Increased consumer confidence over the five years to 2017 has aided the return of spending on hats and caps. However, brick-and-mortar retailers have contended with the effects of the internet in recent years. The convenience of shopping from home, coupled with the ability to compare prices across products and websites, has lured consumers away from physical establishments and toward virtual stores. Over the five years to 2022, competitive pressures from online retailers, lessened consumer confidence and a stagnation in available leisure time will continue to limit growth opportunities for industry players...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Revenue will rise marginally, as competitive pressures from online retailers will continue to limit growth opportunities
  • Brick-and-mortar retailers have contended with the effects of the internet
  • Increasing per capita disposable income will be a significant driver for the industry
  • Industry Report - Industry Key Buyers Chapter

    The Hat and Cap Stores industry has a low degree of market share concentration. The industry's largest player, Genesco Inc., holds an estimated 34.8% of the market; however, the remainder of the industry is largely composed of small specialty retailers. The average company in the industry operates from two locations and employs seven full-time employees. The industry has expanded over the past decade as boutique outlets have opened single locations in smaller markets, catering to niche customer groups...purchase to read more.

    Additional Insights for the Hat & Cap Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hat & Cap Stores Industry are

  • Having a clear market position
  • Ability to control stock on hand
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and External competition in the Hat & Cap Stores industry impact industry performance..

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    What's in this report

    What is the Hat & Cap Stores Industry?

    This industry consists of stores that retail a wide range of hats and caps. Many retailers also undertake sales and administrative activities, such as customer service, advertising and cash handling. This industry excludes apparel and sporting goods retailers that generate a lesser portion of revenue from selling hats and caps.

    Industry Products
  • Men's hats and caps
  • Women's hats and caps
  • Children's hats and caps
  • Industry Activities
  • Retailing men's hats and caps
  • Retailing women's hats and caps
  • Retailing children's hats and caps
  • Retailing other headwear accessories
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • External competition
  • Time spent on leisure and sports
  • Number of adults aged 20 to 64
  • Per capita disposable income

  • Current Performance
  • Economic recovery and increased disposable income
  • Serious competition
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased disposable incomes and demographic growth
  • Competition to cap growth
  • Changing product lines
  • Table: Hat & Cap Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hat & Cap Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Men's & Boys' Apparel Manufacturing
  • Men's & Boys' Apparel Wholesaling
  • Women's & Children's Apparel Wholesaling
  • Women’s, Girls’ and Infants’ Apparel Manufacturing

  • Products & Services
  • Men's hats and caps
  • Women's hats and caps
  • Other
  • Children's hats and caps
  • Chart: Hat & Cap Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Generation Y
  • Baby boomers
  • Generation X
  • Consumers 65 and older
  • Consumers under 15
  • Chart: Major Market Segmentation for the Hat & Cap Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Hat & Cap Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hat & Cap Stores Industry

  • Industry Globalization
    Genesco Inc.,
  • Table: Genesco Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Hat & Cap Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Hat & Cap Stores Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Confidence Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A store that has a physical presence and location, as opposed to an online retailer.
  • E-Tailer
  • A retailer that primarily sells goods and services via the internet. Many of these companies do not have brick-and-mortar locations.
  • Generation Y
  • The demographic of Americans born in the mid-1980s and 1990s, typically to baby boomers. This group follow Generation X.
  • Millinery
  • Hats and other accessories for women.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Hat & Cap Stores is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hat & Cap Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hat & Cap Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hat & Cap Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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