2024 Hat, Cap & Millinery Manufacturing Industry Statistics Report

Hat, Cap & Millinery Manufacturing - Market Size and Industry Forecast

The 2024 Hat, Cap and Millinery Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Hat, Cap & Millinery Manufacturing industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Hat, Cap & Millinery Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Hat, Cap & Millinery Manufacturing companies in the United States.

Hat, Cap & Millinery Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesHat, Cap & Millinery Manufacturing
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Hat, Cap & Millinery Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Hat, Cap & Millinery Manufacturing - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Hat, Cap & Millinery Manufacturing - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)

Hat, cap, and millinery manufacturing


Hats and caps, fabric, straw, and felt, men's and boys'

Hats and caps (fabric, straw, and felt), men's and boys'

Hats & caps (fabric, straw, & felt), women's, girls', & infants'

Hat bodies and fabric caps

Hat bodies/fabric caps, excl.bodies finish into hats in same est.

Hat, cap, and millinery manufacturing, nsk, total

Hat, cap, and millinery mfg, nsk, for nonadministrative-records

Hat, cap, and millinery mfg, nsk, for administrative-records

Hat, Cap & Millinery Manufacturing - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations4%


General and Operations Managers2%
Office and Administrative Support Occupations14%
Production Occupations68%
Textile, Apparel, and Furnishings Workers55%
Sewing Machine Operators39%
Sewing Machine Operators39%
Textile Machine Setters, Operators, and Tenders7%
Textile Cutting Machine Setters, Operators, and Tenders6%
Miscellaneous Textile, Apparel, and Furnishings Workers5%
Other Production Occupations7%

Government Contracts

In the past, the federal government spent an annual total of $1,246,623 on the hat, cap & millinery manufacturing industry. It has awarded 157 contracts to 3 companies, with an average value of $415,541 per company.

Hat, Cap & Millinery Manufacturing and Adjacent Industries - Top Companies

($ Millions)


Hat, Cap & Millinery Manufacturing Industry Research
GeographyUnited States  
Publication DateJuly 2024
Report FormatPDF Download  PDF

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Hat, Cap & Millinery Manufacturing