The growing rate of working class women combined with their increased disposable income has led to the growth of hosiery industry. Moreover, there is a growing fashion consciousness among people, from teenagers to adults along with a growing desire to access designer clothes. Spurred by these factors, the manufacturers are introducing various hosiery products through promotional activities such as fashion shows and advertisements to promote their hosiery products globally.
The global hosiery market accounted for USD 36,100.5 Million in 2016 and is believed to reach USD 47,258.1 Million by the end of 2024 by expanding at a compound annual growth rate of 3.5% over the period 2017-2024.
On regional platform, the global hosiery market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa, out of which, Europe is believed to expand with highest market share of around 35.3% in overall hosiery market around the globe by the end of 2024 owing to increased spending on the fashion apparels and accessories. The U.K., Germany and Italy are the prominent markets in the region where the market of hosiery in Germany is expected to achieve Y-o-Y growth rate of 2.1% in 2024. Further, high disposable income, vast spending on apparels and presence of many international and domestic vendors in the hosiery market are the key elements behind the growth of North America with second largest market share in overall hosiery market. Furthermore, Asia Pacific is expected to witness lucrative growth by registering a CAGR of 5.6% over the forecast period.
The global hosiery market is segmented into distribution, product type, by gender and price range. Among these segments, the gender segment is divided into men, women, out of which, the women hosiery segment is expected to dominate the market by reaching significant market valuation by the end of 2024 from USD 31,300.2 Million in 2016. Further, the men hosiery segment is expected to witness highest CAGR during the forecast period along with Y-o-Y growth of 5.7% in 2024.
The report titled “Global Hosiery Market Outlook: Industry Demand Analysis & Opportunity Evaluation 2016-2024” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of the global hosiery market which includes profiling of CSP International Fashion Group S.p.A, Gildan Activewear Inc., Hanesbrands Inc., Golden Lady Company S.p.A, Woldford AG, Donna Karan New York, Trerè Innovation Srl, Carolina Hosiery Inc., Fox River Mills Inc. and Parker Legwear Inc.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Hosiery Market Outlook 2024”, analyses the overall hosiery industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global hosiery market in near future.