Hosiery refers to garments worn on leg or feet. It is available in various forms such as body stockings, leggings, compression stockings, hold-ups, stockings, tights, toe socks, knee highs, socks and legwarmers. Hosiery market is anticipated to witness significant growth with increasing demand for hosiery products due to growing consumer inclination towards fashion trends over the forecast period of 2017 to 2025.
Increasing spending on fashion products coupled with growth in disposable income of consumer is anticipated to drive the demand for the hosiery market during the forecast period. Furthermore, in developing economies, rising preference towards western outfits resulting in higher spending on fashion clothing is in turn projected to drive the demand for hosiery products over the forecast period. Beside this, increasing population across the globe is also projected to drive the demand for hosiery products.
Product availability and retail shelf space plays a vital role in creating product demand. Distribution is a key success factor in the current hosiery industry. Rising competition and comparatively slow market growth rate of the hosiery products has compelled companies to focus on increasing product penetration. The popularity of e-commerce has significantly increased hosiery products sales. Ease of purchase as well as availability of extensive information and reviews on products online is prompting more and more individuals to buy these products.
By product type, socks segment dominated the market and accounted for 66.41% revenue share of global hosiery market in 2016. Increasing demand for socks due to growing trend for western outfits along with increasing use of socks by all segments of population is anticipated to fuel the growth of segment during the forecast period (2017-2025).
Europe was estimated to be the largest market for hosiery in 2016, accounted for 35.77% revenue share of the market. Increasing consumer spending on fashion trends is anticipated to drive the demand for hosiery products in the region. Asia Pacific is anticipated be the fastest growing segment in the global hosiery market. Rapid economic development along with growing fashion trends in the region is projected to drive the demand for hosiery in the region.
The market for hosiery products is occupied by various global and regional players. Some of the major players of the market are Hanesbrands, Golden Lady; Gilden Activewear; CSP International; Kayser-Roth; Gold Toe-Moretz, LLC; Donna Karan International; Wolford; Tefron USA; HCI Direct Inc.; Triumph Apparel Corporation; and Grupo Synkro among others.
The report titled “Global Hosiery Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global hosiery market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on product type, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading hosiery manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are CSP International Fashion Group S.P.A., Donna Karan International, Inc., Gildan Activewear, Inc, Golden Lady Company SpA, Hanesbrands, Inc, and Tefron among others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global hosiery market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.
For the purpose of this study, the hosiery market by product type is categorized into:
Hosiery, is referred to bottom-wear, specially worn over feet and legs. Women constitute the dominant user segment for hosiery products. By product type, hosiery market segmentation includes socks, tights, leggings, pantyhose and others. In 2016, socks dominated the market in terms of revenue contribution followed by tights, and both these product types are expected to remain dominant during the forecast period of 2017 to 2025. Tights and socks continue to grow as both are fashion statement pieces and form a part of essentials collection. The growth of both these segments are also supported by continued innovations. Leggings are also becoming the hot trend and the segment is projected to witness the fastest growth of 4.8% over the forecast period.
The legwear industry is experiencing growth, with consumers demanding more styles and options of socks and tights to accessorize their outfits. Today’s consumers consider legwear a key part of their wardrobes. Color and fashion remain critical components. Changing lifestyles have also contributed in the product offerings in the legwear industry. To gain hold in the market manufacturers are increasingly experimenting with fabric, patterns, color, and designs, in line with the requirement of the consumers to try out innovative, unconventional, and often quirky designs.
In 2016, Europe was the largest regional market followed by North America. The combined revenue generated by these two regions amounts to 65.08% of the total revenue generated globally. Rising demand for hosiery products from the working population is the major factor driving the market growth of hosiery in these regions. Furthermore, the presence of large multinationals is making hosiery products more accessible to the consumers. Moreover, further launch of new products is stimulating the market growth.
Asia Pacific is projected to be the fastest growing market over the forecast period. Market growth in the region will be mainly supported by lower product penetration and higher untapped potential of the market coupled with increasing population base, westernization of lifestyles and rapid urbanization. Rise in awareness over the importance of personal hygiene is another factor that will contribute to the market growth. Apart from this, proliferation of modern retail formats such as supermarkets, discount stores, and e-commerce is propelling the product visibility.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Hosiery market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
