Hat, Cap & Millinery Manufacturing Industry: Statistics, Forecasts, and Company Data
Hat, Cap & Millinery Manufacturing - Market Size and Industry Forecast
The 2023 Hat, Cap and Millinery Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the hat, cap & millinery manufacturing industry.
| Historical | Forecasted |
---|
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
---|
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)

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

Distribution by Company Size
Company Size | All Industries | Hat, 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:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies included).
| Industry Average | Percent 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

Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
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 Ratio | Industry Average |
---|
Profitability Ratios | 
|
Profit Margin |
ROE |
ROA |
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 Description | Description | Revenue ($ 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
Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
---|
Management Occupations | 4% | 
|
General and Operations Managers | 2% |
Office and Administrative Support Occupations | 14% |
Production Occupations | 68% |
Textile, Apparel, and Furnishings Workers | 55% |
Sewing Machine Operators | 39% |
Sewing Machine Operators | 39% |
Textile Machine Setters, Operators, and Tenders | 7% |
Textile Cutting Machine Setters, Operators, and Tenders | 6% |
Miscellaneous Textile, Apparel, and Furnishings Workers | 5% |
Other Production Occupations | 7% |
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 $415,541 per company.
Hat, Cap & Millinery Manufacturing and Adjacent Industries - Top Companies
Company | Address | Revenue ($ Millions) |
---|

|