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The Hosiery Market size is projected to increase by USD 12.07 billion and the market size is estimated to grow at a CAGR of 4.95% between 2023 and 2028. The surge in demand for specialized sock products is a pivotal driver of market growth, evident across various segments including leg warmers and sports-related products. As retail and e-commerce sectors expand, socks transition into commercial products, with sales, particularly of soft stretchable elastic socks, witnessing a significant uptick. Private labels capitalize on this trend, offering a diverse range of pattern over-the-knee socks and striped thighs to cater to consumer preferences.
Additionally, the emphasis on organic commodities and anti-bacterial sanitized yarn underscores evolving consumer priorities. This dynamic landscape, highlighted in market research reports, shapes the industry's trajectory, further fueled by innovations like python print thighs and stirrup thighs.
The Market shows an Accelerated CAGR during the forecast period.
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Understanding various hosiery types and their material composition is crucial in meeting diverse style preferences and accommodating a wide range of size ranges. Moreover, considering specific gender specifications and catering to different age demographics ensures inclusivity and relevance. Staying abreast of current fashion trends and aligning with brand preferences helps hosiery manufacturers stay competitive in the market. Additionally, adapting to seasonal variations ensures the availability of appropriate hosiery options year-round, meeting the changing needs and preferences of consumers across different seasons.
The market share growth by the body stockings segment will be significant during the forecast period. Hosiery such as body stockings, has been a fashion statement in women's apparel. With an increasing number of working women and rising disposable income, the demand for body stockings for convenience is also growing.
The body stockings segment was valued at USD 11.40 billion in 2018.
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The increasing preference for grooming among women and changes in lifestyle increases the demand for body stocking. Moreover, the introduction of biodegradable body stockings and easy access to body stockings from retail outlets are expected to boost the growth of the market during the forecast period.
The revenue of the offline distribution channel mainly stems from the sales of products through hypermarkets, supermarkets, and franchised stores. Market players are expanding their product portfolios in the global, regional, and local markets to increase sales through offline channels. Furthermore, to sustain in such a competitive market, retailers of socks are introducing new business and retail strategies such as attractive pricing and a wider assortment of products.
Furthermore, the integration of technology, with merchants employing self-checkout counters, augmented reality trial rooms, and personalized suggestions to improve the shopping experience, provided by the introduction of discount offers on hosiery apparel by offline segmented, is majorly estimated to drive the growth of the market during the forecast period.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The rising disposable income and shifting habits among consumers in the region is driving the demand for fabric care appliances such as hosiery. In addition, the increasing demand for effective and cost-efficient hosiery among customers to protect the durability and the look of their apparel will foster the growth of the market in the region.
Furthermore, apparel prevents rashes and enables proper breathing ability, absorbs sweat, avoids infections, and such factors accelerate the demand various sectors, including fashion, sport and fitness, entertainment, and healthcare. Consequently, such factors will drive the growth momentum of the hosiery market in the APAC region during the forecast period.
The burgeoning market for undergarments and hosiery, encompassing stockings, pantyhose (tights), socks, and leggings, witnesses dynamic growth fueled by various factors. Elastic fabrics like nylon and spandex dominate, offering comfort and flexibility, particularly in compression garments. The industry experiences a surge in demand for fashion-forward products like leggings, socks, and leg warmers, reflecting evolving consumer preferences and fashion trends. Notably, the rise of organic commodities and anti-bacterial sanitized yarn indicates a shift towards sustainable and hygienic materials.
Additionally, private labels and sports-related products thrive in the e-commerce sector, capitalizing on consumer shopping trends and product innovation, including Python print thighs, striped thighs, and pattern over-the-knee socks.
The escalating demand for specialized hosiery products acts as the primary driver behind market growth. As retail and department stores proliferate, hosiery evolves into sought-after commodities, with sales skyrocketing across a diverse range of products like stockings, pantyhose (tights), socks, leggings, and compression garments. The prevalence of formal attire among white-collar professionals globally further fuels the demand for hosiery.
Additionally, the focus on foot care, especially for individuals with diabetes, underscores the necessity for specialized products like soft stretchable elastic socks crafted from organic commodities and anti-bacterial sanitized yarn. Manufacturers are leveraging product innovation to meet evolving consumer needs, including the introduction of Python print thighs, striped thighs, pattern over-the-knee socks, and stirrup thighs. Private labels and sports-related products thrive in the burgeoning e-commerce sector, aligning with shifts in consumer shopping habits towards self-grooming and fashion-forward choices
Increasing demand for socks in healthcare industry is the primary trend shaping market growth. The rapidly changing lifestyle, lack of exercise, and consumption of unhealthy food have increased the number of patients suffering from diabetes, which has led to an increase in the demand for diabetic socks. They are essential in keeping the feet dry, decreasing the risk of a foot injury, and improving blood circulation. The currently available diabetic socks have gel padding, which can seek moisture to help protect the foot from injury and reduce sensitivity and irritation.
Moreover, diabetic socks provide certain benefits such as the diabetic stocks are made of moisture-wicking material, Antimicrobial, Enhance comfort and reduce swelling, Keep feet warm to improve blood circulation, and Provide padding to prevent foot injury. The increasing prevalence of diabetes and arthritis, among other chronic diseases, will escalate the demand for diabetic socks, which will drive the growth of the market during the forecast period.
Changes in trade policies are a challenge that affects market growth analysis. Changing trade policies and tariffs due to changing ruling and political parties in prominent markets are adversely affecting the business potential of market players, including socks. A player's financial conditions and results of operations are negatively influenced by changes in trade policies. Most of the established market players are headquartered in China, one of the countries contributing majorly to the growth of the market.
Furthermore, any changes in import tariffs in major countries, such as the US, may lead to alterations in business operations, such as a shift of production units from developing to developed countries. Such factors may lead to heavy expenses for market players, leading to an increased cost of production. Thus, changes in trade policies and tariffs may impede the growth of the market during the forecast period
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Hosiery Market is a vibrant industry shaped by Pantyhose (tights), leggings, and compression garments, catering to various needs such as leg pain relief and enhancing comfortable dressing during dancing activities. Embracing elastic fabrics like Nylon and Spandex, manufacturers create products tailored to the demands of dance culture and dance performance, meeting the aesthetic requirements of ballet dancers and hip-hop dancers alike.
Efforts to address raw material pricing and environmental concerns lead to the development of biodegradable fibers and organic cotton combinations, ensuring sustainability while offering cold weather comfort and leg fatigue relief. In response to consumer demands for flexibility and high moisture absorbency, innovative solutions like TechFit period-proof tights and ladder-resistant tights emerge, revolutionizing the industry.
From online retail segments to specialty stores like Sock Dreams, the market caters to diverse preferences, offering a range of designs such as python print tights and patterned over-the-knee socks. Moreover, advancements in fabric care solutions and Adaptive Textiles ensure durability and functionality, addressing concerns like fraying and fungal infections.
With a focus on product innovation and consumer shopping time, the hosiery market continues to evolve, offering solutions for women, men, and children, from ankle socks to sheer stockings. As consumers seek stylish and comfortable material for health and fitness, the hosiery market remains a cornerstone of fashion & lifestyle changes and self-grooming, promising endless possibilities for casual dress code and stylish intimate clothing.
The market report forecasts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.95% |
Market Growth 2024-2028 |
USD 12.07 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.61 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 36% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acme McCrary Corp., Atlantic-Hosiery, Brown DogHosiery, Carolina HosieryInc., Crescent Sock Co., CSP International Fashion Group S.P.A, Embody Brands Ltd., FALKE KGaA, FERAX Sp. z o. o, Fosun International Ltd., G III Apparel Group Ltd., Gildan Activewear SRL, Golden Lady Co. S.P.A, Hanesbrands Inc., Heist Studios Ltd., Iconix International, Jockey International Inc., Mod and Shy, Skims Body Inc., and Spanx LLC |
Market dynamics |
Parent market analysis, market research and growth, inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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