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The US hosiery market size is forecast to increase by USD 2.99 billion at a CAGR of 3.95% between 2022 and 2027. The market is thriving, propelled by a combination of factors, including the robust demand for designer and soft products, driving manufacturers to innovate and expand their portfolios. This expansion is fueled by advancements in product design and technology, catering to specific needs and preferences. With consumers increasingly seeking specialized socks for various purposes, the market experiences sustained growth as it continues to evolve to meet these demands. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The market experiences a surge in demand, driven by factors such as consumer preference for patterned over-the-knee socks and the adoption of advanced technologies like laser and ultrasonic techniques for enhanced product quality. With a large base of consumers inclining towards online shopping, e-commerce platforms offer convenient shopping features, such as hassle-free returns and free delivery, contributing to the boost in demand. This easy availability and seamless shopping experience further amplify the market growth trajectory.
The market caters to diverse consumer needs, offering durable clothing with excellent comfort. Specifically targeting female consumers, major companies innovate with fabric designs using ultrasonic technology and laser techniques. Features like invisible finishes and shiny looks enhance product quality, reducing leg fatigue. With a large consumer base, e-commerce platforms provide hassle-free and convenient shopping experiences, boosting demand. Striped tights, stirrup tights, and patterned over-the-knee socks highlight the variety available. Online retailers offer easy returns and free delivery, ensuring ease of availability and meeting consumer preferences for convenient online shopping. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The high demand for designer products and soft products is notably driving market growth. Clothing manufacturers create safe, supple, and non-toxic products for all age groups. Companies increasingly use soft and organic fabrics for clothing and fashion accessories while adhering to manufacturing safety guidelines. Brands like Sckoon and B Nature are two examples of the many market participants who are renowned for using organic and natural materials.
Designer clothing brands like Paul Smith, Ralph Lauren, Boss, Dior, and Burberry have made a name for themselves in the apparel industry, particularly in the baby clothing and fashion accessory sectors. Designer clothing accessories from the First Impressions and Carter's brands are also on display in department stores like Macy's and others. Despite low-volume sales, this segment will substantially contribute to market revenue due to the substantial demand for premium products in most economies. Thus, such factors are expected to fuel the growth of the market during the forecast period.
The increasing demand for socks in the healthcare industry is an emerging trend in the market. The demand for supportive accessories like socks is rising due to the rising prevalence of chronic diseases like diabetes, arthritis, and many others. These are crucial for maintaining dry feet, lowering the possibility of foot injuries, and enhancing blood flow.
The diabetic socks that are currently in the market have gel padding, which can draw moisture, protect the foot from harm, and lessen sensitivity and irritation. For instance, Silipos Arthritis/Diabetic gel socks protect the feet from callus formation and ulcerations. Silipos is one of the major companies in the gel socks market. The socks cost USD 21.75 and are constructed from natural rubber latex, 80% acrylic, 19% nylon, and 1% spandex. Thus, factors like these are expected to fuel the growth of the market during the forecast period.
Changes in trade policies are major challenges impeding market growth. The potential for business growth for suppliers in the market, including socks, is being negatively impacted by shifting trade policies and tariffs caused by shifting political and governing parties in important markets. Trade policy changes have a negative impact on the financial health and operational performance of companies. China, one of the nations making a significant contribution to the market's growth, is home to the majority of the established companies in the US. During the forecast period, changes in China's trade policies and regulations will have a negative impact on companies' business.
The COVID-19 pandemic outbreak in China also had an impact on the market. The majority of global suppliers have set up factories in emerging nations like China. Any changes to import tariffs in important nations like the US may result in adjustments to business practices, such as the relocation of production facilities from developing to developed nations. Such factors may result in high expenses for companies, raising the cost of production. Therefore, these factors will hinder the market's growth during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
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.
Brown Dog Hosiery - The company primarily manufactures socks in the US. The key offerings of the company include hosiery such as Betsy socks and Pamlico socks.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 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.
This market report extensively covers market segmentation by product (body stockings, socks, knee highs, hold-ups, and others), and distribution channel (offline and online). The product segment of the market caters to diverse consumer needs, emphasizing durability and comfort. With a focus on addressing leg fatigue, especially among female consumers, hosiery offers excellent support and comfort throughout the day. Invisible and shiny looks are key features sought after by consumers, driving innovation in fabric designs and manufacturing techniques. Striped tights and stirrup tights are popular options, showcasing the industry's commitment to variety and style. Major companies in the market leverage ultrasonic technology to enhance product quality and durability. This innovation, coupled with appealing designs, attracts a large base of consumers, with online shopping platforms offering ease of availability and convenient shopping features. The hassle free shopping experience, including easy returns, further boosts demand for hosiery products, making them a staple in the wardrobes of many consumers across the US.
The market share growth by the body stockings segment will be significant during the forecast period. This is primarily because hosiery, such as body stockings, has been a fashion statement in women's apparel for decades. As this trend is expected to continue, the market segment is expected to witness growth during the forecast period.
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The body stockings segment was valued at USD 3.56 billion in 2017 and continued to grow until 2021. The demand for body stockings for convenience is rising along with the increasing number of working women and an increase in disposable income. Additionally, during the forecast period, the availability of body stockings from retail outlets and the introduction of biodegradable body stockings are anticipated to spur market expansion.
The market thrives on its diverse offerings, catering to the needs of female consumers seeking durable clothing with excellent comfort. With features like invisible seams and shiny looks, along with a variety of fabric designs, including striped tights and stirrup tights, manufacturers employ cutting-edge techniques like laser and ultrasonic technology to ensure product quality. This attention to detail in design appeals to a large base of consumers, especially those inclined toward e-commerce and online shopping. Online retailers capitalize on consumer preference by offering hassle free and convenient shopping features, such as easy returns and free delivery, further boosting the demand for hosiery products in the US market.
The boost in the demand for hosiery in the US market is also because of leg fatigue, especially among the women segment. Patterned over-the-knee socks and compression stockings are increasingly sought after for their ease of availability in supermarkets and specialty stores. With the rise of athleisure and fashionable wearables, the socks segment, particularly compression stockings, enjoys a significant market share. These products not only protect feet from dust and dirt but also improve blood circulation, keeping feet warm and safeguarding against foot injuries during workouts and exercises. As forecasted for the coming years, the market is expected to witness a boost in demand, particularly among men seeking fashionable yet functional legwear options.
The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
118 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.95% |
Market growth 2023-2027 |
USD 2.99 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.57 |
Competitive landscape | Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acme McCrary Corp., Atlantic-Hosiery, Brown Dog Hosiery, Carolina-Hosiery Inc. , Crescent Sock Co., For Bare Feet LLC, Gildan Activewear SRL, Mayo Knitting Mill Inc., Nester Hosiery, Renfro Corp., Scottish Kilt, SHM Socks, Spanx LLC, Tamara Hosiery Co., Twin City Knitting Co., VIDA Enterprise Corp., and Wells Hosiery and Apparel USA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our market 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 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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