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Hosiery Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 12:09 AM, 18th July, 2018 REP-ID-340 Category: FMCG & Food

Global Hosiery Market 

Hosiery market is referred to market of garments that can be worn directly on feet and legs. Hosiery includes socks, stockings, opaques, knee highs, leggings, stay-ups, panty hose and tights among others. The term hosiery is also being used for the type of knitted fabric, its weight and thickness. It is manufactured in a wide range of fabric weights, knits and colors.

 The growth of the global hosiery market is driven by the robust demand for comfortable and stylish hosiery among the consumers. Changing lifestyles and demographic factors are bringing changes in demand patterns for hosiery. Further, the global demand for hosiery is increasing due to the increasing employment rate across various countries in the world. Further, rising disposable income is expected to intensify the growth of the global hosiery market. Moreover, rapid urbanization is anticipated to positively impact the growth of the hosiery market.

Market Size and Forecast

Geographically, Europe was the largest region to hold the market share of 39.7% in 2016 and is slated to account for a leading share of 35.3%in global hosiery market by the end of 2024. North America was the second largest region in the market in year 2016 to hold the market share of 31.4% and is estimated to garner 33.3% of the total market share by the end of 2024. The market share of Asia Pacific is expected to witness lucrative growth by registering a CAGR of 5.6% over the period 2017-2024. Further, the market is expected to account USD 9,546.1 Million by 2024 as compared to USD 6,245.4 Million in 2016.

In 2015, the global disposable income increased by 3.1% as compared to 2014, resulting in augmented demand for fashion and accessories products. Moreover, growing brand awareness among consumers and increasing number of internet users across all regions and rapidly growing e-commerce business are major factors which are augmenting the growth of global hosiery market. Further, the changing consumer behavior with respect to buying among women towards online shopping, especially in developing countries such as India and China is a key factor which is likely to drive the demand for hosieries over the forecast period. Moreover, manufacturers are continuously strengthening their online distribution channels and selling their products through various online retail shops. This factor is estimated to positively impact the growth of market. According to recent study conducted by Research Nester, the global hosiery market reached USD 36,100.5 Million in 2016 and is projected to flourish at a CAGR of 3.5% over the period 2017-2024. Moreover, the market is expected to garner USD 47,258.1 Million by the end of 2024. Based on distribution channel, the global hosiery market is segmented into mass merchants, departmental stores and online stores among others. The e-commerce market for hosiery is dominated by women population.

Hosiery Market Share By Region

Market Segmentation:

Our in-depth analysis of the global hosiery market includes the following segments:

By Product Type

  • Socks
  • Tights
  • Leggings
  • Knee Highs
  • Opaques
  • Stay-Ups
  • Stockings
  • Panty Hose
  • Over Knees
  • Others

By Gender

  • Women
  • Men

By Price Range

  • Low
  • Medium
  • Premium

By Distribution Channel

  • Mass Merchants
  • Departmental Stores
  • Online Stores
  • Others

By Region

The global hosiery market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Poland, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, and Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (MEA) (GCC, North Africa, South Africa and Rest of MEA) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers and Challenges:

The growth of the market is driven by the rising disposable income and increasing urban density across the globe. Factors such as growing brand awareness, improving living standards of population and development of advanced fabrics that are extremely soft, fresh, comfortable etc. are anticipated to be the dynamic factors behind the growth of global hosiery market over the forecast period.

Further growing women participation in the global workforce with their rising disposable income and spending vast amount of money on clothing and accessories including general and formal wear are key factors which are likely to bolster the growth of global hosiery market in near future. Moreover, with the rapid increase in fitness consciousness amongst the female population is envisioned to intensify the growth of global hosiery market in the near future. The adoption of hosiery amongst female population during workout is expected to escalate the growth of global hosiery market. Followed by increasing fashion awareness among working women population, the market for fashion apparel is anticipated to bolster the growth of the market globally. The increasing adoption of hosiery among men during work out and sports are also enhancing the growth of the market in developed countries. However, presence of low quality products and low demand for hosiery in summers is likely to hinder the growth of hosiery market in upcoming years.

Key Players

  • CSP International Fashion Group S.p.A.  
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Gildan Activewear Inc.
  • Hanesbrands Inc.
  • Golden Lady Company S.p.A.
  • Wolford AG
  • Donna Karan New York
  • Trerè Innovation Srl
  • Carolina Hosiery
  • Fox River Mills Inc.
  • Parker Legwear Inc.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global hosiery market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Price Range Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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