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Hosiery Market By Product (Socks, Tights, Leggings, Pantyhose) - Growth, Future Prospects And Competitive Analysis 2017 – 2025

Hosiery refers to garments worn on legs or feet. It is available in various forms, such as body stockings, leggings, compression stockings, hold-ups, tights, toe socks, knee-high socks, and legwarmers. The hosiery market is anticipated to witness significant growth with increasing demand for hosiery products due to growing consumer inclination towards fashion trends from 2017 to 2025.

Increasing consumer spending on fashion products, combined with rising disposable income, is expected to drive demand for hosiery during the forecast period. Furthermore, a rising preference for western outfits in developing economies, resulting in higher spending on fashion clothing, is expected to drive demand for hosiery products over the forecast period. Besides this, the increasing population across the globe is also projected to drive the demand for hosiery products.

Product availability and retail shelf space play a vital role in creating product demand. Therefore, distribution is a key success factor in the current hosiery industry. Rising competition and the comparatively slow market growth rate of hosiery products have compelled companies to focus on increasing product penetration. The popularity of e-commerce has significantly increased hosiery product sales. Ease of purchase and the availability of extensive information and reviews on products online are prompting more and more individuals to buy these products.

Impact of COVID 19

The COVID-19 pandemic has positively impacted many hosiery manufacturers, who have focused more on the adoption and sustainability of eco-textiles, which are in high demand in the market. However, the hosiery products market was hampered by the closure of supermarkets, hypermarkets, and shopping malls. In addition to this, stricter regulations imposed by various countries on the importation of raw materials for production caused a severe decline in output. However, the pandemic forced people to stay at home and work remotely, which increased online shopping. This factor boosted apparel product sales as they started selling their products on e-commerce websites.

In 2016, the socks segment dominated the market, accounting for 66.41% of the global hosiery market's revenue. Increasing demand for socks due to the growing trend for western outfits and the increasing use of socks by all segments of the population is anticipated to fuel the segment's growth during the forecast period (2017–2025).

For the purpose of this study, the hosiery market by product type is categorized into:

  • Socks
  • Tights
  • Leggings
  • Pantyhose
  • Others (stockings, warmers, among others)

Hosiery is referred to as "bottom wear," especially worn over feet and legs. Women constitute the dominant user segment for hosiery products. By product type, the 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 of 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 the essential collection. Continued innovations also support the growth of both of these segments. Leggings are also becoming a 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 to the product offerings in the legwear industry. Manufacturers are increasingly experimenting with fabric, patterns, color, and designs to gain a foothold in the market in response to consumer demand for 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 percent of the total revenue generated globally. Rising demand for hosiery products from the working population is the primary driver of hosiery market growth in these regions. Furthermore, the presence of large multinationals is making hosiery products more accessible to consumers. Moreover, the further launch of new products is stimulating market growth.

The Asia Pacific region 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 market potential, coupled with an increasing population base, westernization of lifestyles, and rapid urbanization. In addition, the rise in awareness of the importance of personal hygiene is another factor that will contribute to market growth. Apart from this, the proliferation of modern retail formats such as supermarkets, discount stores, and e-commerce is boosting product visibility.

Various global and regional players occupy the market for hosiery products. Some of the market's major players 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 of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on product type and a cross-sectional study across different geographies. In addition, the study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The report also includes profiles of the leading hosiery manufacturers, as well as their product portfolios and key developments, to assist strategic decision-makers.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:

Current and future market trends to justify the forthcoming attractive markets within the apparel industry

  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides the following:

  • 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

Frequently Asked Questions:

The market for Hosiery Market is expected to reach US$ 43.42 Bn By 2025.

The Hosiery Market is expected to see significant CAGR growth over the coming years, at 4.3%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

Gold Toe-Moretz, LLC; Donna Karan International; Wolford, Tefron USA; HCI Direct Inc.; Triumph Apparel Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Consumer Goods
Report ID:   58258
Report Format:   PDF
Pages:   160
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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