London, England -- (SBWire) -- 11/16/2010 -- Europe and the United States dominate the world hats, caps, and millinery market as stated by the new market research report on Hats, Caps, and Millinery. Most of the marketed caps in the US are non-durable and disposable, which are often made of foam and plastic. Alternatively, good quality caps and hats, made of either cotton or wool, also account for a significant share in the US market. Caps or hats are now used in almost every form of sport. The US hat, cap, and millinery industry exports a significant amount of merchandise to more than one hundred countries.

Asia-Pacific represents the fastest growing market for hats, caps, and millinery. Factors contributing to the growth include rising demand from developing countries in the region, large customer base, and varied type of caps and hats available in the region.

The world market for Hats, Caps, and Millinery is projected to reach $6.3 billion by the year 2015. This is primarily driven by surging demand from emerging markets, novel fashion trends and product attributes. Further, increasing demand for retro styled hats and premium, high-priced caps is also contributing to the market growth.

Globally, caps, hats, and millinery manufacturers sell more than 300 million units every year. In 2009, the global economic slowdown affected the caps manufacturing industry worldwide. However, buoyed by the latest fashion trends, improving product attributes, and spiraling demand for premium, high-priced and retro styled hats, the market is poised to register healthy growth over the coming years. The global market for premium, high-priced caps is increasing significantly. The underlying factor that supports the cap sales differ from region to region. For instance, Japanese customers mostly opt for US-based products and designs for their premium quality and material. While, the European customers buy caps based on the preference of music celebrities' style and the hip hop culture.

The report titled Hats, Caps, and Millinery: A Global Strategic Business Report provides a comprehensive review of market trends, product overview, trade statistics, product launches, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including the United States, Canada, Europe, Asia-Pacific, Latin America and Rest of World.

Key players profiled in the report include Bollman Hat Company, Charles Owen & Co. Ltd., Dada Corporation, Gap Inc., Global Headwear Ltd., Grace Hats International LLC, Gucci, Hat World Inc., Imperial Headwear Inc., Kau Kee Garments & Hats Manufacturer Ltd., Mainland Headwear Holdings Limited, New Era Cap Co. Inc., Pukka Headwear Inc., Rosy Way Industrial Co. Ltd., Spyder Active Sports Inc., SSP Hats, totes»ISOTONER Corporation, and William Scully Limited.

View Full Report Details: http://www.companiesandmarkets.com/r.ashx?id=PP2J78R32289257&prk=c34cdcdbcee15ae68d55d5fb6c49c818