Product ID: SQMIG25K2092
Global Hosiery Market Size, Share, Growth Analysis, By Product(Socks, Body Stockings), By Application(Women, Men), By Distribution Channel(Supermarkets, Specialty Stores) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2092 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
66
Global Hosiery Market Insights
Hosiery Market was valued at USD 37.4 billion in 2019 and it is expected to reach a value of USD 50 billion by 2031, at a CAGR of 4.2% over the forecast period (2024-2031).
Rising importance of hosiery products to fulfill the need for durable clothing, excellent comfort, and providing leg fatigue are the major factors driving the growth and demand for the global hosiery market over the forecast period. In addition, continuously growing demand for these products by the female consumers due to its several features including virtually invisible and provides natural and shiny looks is also anticipated to propel the growth of the market in the coming years.
Major companies of the market are increasing their focus on the innovation of new and different types of fabric designs such as striped tights, stirrup tights, and patterned over-the-knee socks. Leading manufacturers are using laser and ultrasonic technology for the development of product quality and design to attract a large base of consumers across the globe. In addition, by using this type of advanced technologies, they are able to provide perfect edge cutting in very less time and can also prevent fraying.
Moreover, the emergence of e-commerce has resulted in shifting consumer preference towards online shopping because of the ease of availability of products, hassle free and more convenient shopping features offered by several online retailers. As a result, the global hosiery market is also expecting a boost in the demand over the forecast period. Additionally, easy returns and free delivery are some other factors which are creating lucrative growth opportunities for the global market.
US Hosiery Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Hosiery Market Segmental Analysis
Global Hosiery Market is segmented on the basis of product, application, distribution channel, and region. By product, the market is segmented into socks, body stockings, compression stockings, tights, and others. By application, the market is bifurcated into women and men. By distribution channel, the market is categorized into supermarkets, specialty stores, and online. By, region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Hosiery Market Analysis by Application
By application, the women segment held the largest market share in 2021 with a healthy CAGR. Increased usage of hosiery products for workout or exercise as well as professional use, as a fashionable wearable among women consumers is the major factor driving the segment growth. In addition, continuously growing number of working women and their increased disposable income is also anticipated to have a positive impact on the segment growth over the forecast period.
Furthermore, the men segment is witnessing the fastest CAGR during the forecast period owing to the changing consumer trend towards athleisure around the world. Moreover, increasing investment by key market players such as Adidas America Inc. and Nike Inc. in men’s products and introducing several new products like weather cycling clothes, is expected to contribute significantly to the segment growth throughout the forecast period.
Hosiery Market Analysis by Product
By product, the socks segment dominated the market in 2021 and accounted for a significant market share. This is simply attributed to the increasing demand for socks among women and men due to its exceptional features like protecting feet from dust or dirt, improves blood circulation, keeps feet warm and a safeguard against foot injuries. In addition, new innovations in the designs and quality of socks through various manufacturers is also projected to drive the segment growth during the forecast period. Furthermore, body stockings are expected to grow significantly in the coming years owing to the increased demand for these products from millennials all over the world.
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Global Hosiery Market Regional Insights
Globally, North America dominated the hosiery market in 2021 and accounted for a strong market share. Rising demand for stylish, designer, and comfortable fabric products from the consumers especially in developed countries like United States and Canada are projected to be the major factors driving the growth of the market in the region during the forecast period. In addition, the rising investment from the key market players in research & development sector and early adoption of advanced technology for creating attractive products are also anticipated to boost the market growth in the region. For instance, in October 2021, Blackstone Inc., acquired a large stack of SPANX Inc. The extensively growing digital transformation and global footprint of SPANX in various categories will be accelerated by the acquisition. The main aim of the acquisition is to develop more innovative and attractive products.
Furthermore, Asia Pacific region is expected to be the fastest growing region over the forecast period. Shift in consumer preferences, increased income of consumers in nations like China and India, and growing adoption of latest technology are the major factors projected to drive the growth of the market in the region. Additionally, increasing spending on fabric products is positively influencing the demand for hosiery in the coming years. Also, a growing number of government initiatives to spread awareness among millennials and others regarding the importance of sport activities is propelling the regional market.
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Global Hosiery Market Dynamics
Hosiery Market Drivers
- Increasing global demand for legwear hosiery garments among both men and women consumers across the globe is a major key factor projected to drive the global hosiery market over the forecast period. In addition, growing awareness of benefits of hosiery products such as high moisture absorbency, free airflow, very lightweight fabric, and softer and smoother quality are also likely to be another key driving factor for the market growth.
- Furthermore, rising adoption of hosiery products for the prevention of rashes and enabling sufficient breathability to avoid infections, high blood circulation, and absorbing sweat is likely to contribute to the growth and demand significantly during the forecast period. Rising need for hosiery from several types of applications like fashion, entertainment, and sports & fitness industry is propelling the demand for hosiery globally.
Hosiery Market Restraint
- However, introduction to premium and ultra-premium range of hosiery products across the world is hampering the demand for mid-range and small-range products. In addition, people who are more skin-conscious, cannot compromise with the quality of their products at any cost, especially for undergarments, which is likely to be another restraining factor for the global market.
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Global Hosiery Market Competitive Landscape
The global hosiery market is fairly fragmented with the presence of many well-known regional and global players around the world. With the growing demand and penetration for online shopping, the major key players of the market are mainly focusing on making their online presence strong and continuously bringing new innovations for gaining consumers' attention. In addition, acquisition, mergers, collaboration, and strategic partnerships are some other strategies on which key players are implementing.
Hosiery Market Top Player’s Company Profiles
- Hanesbrands Inc.
- Jockey International Inc.
- CSP International Fashion Group S.P.A.
- Wolford AG
- Adidas America Inc.
- Spanx Inc.
- Gilden Activewear
- Kayser-Roth
- Donna Karan International
- Triumph Apparel Corporation
Hosiery Market Recent Developments
- In April 2022, Centric Brands LLC, announced the acquisition of subsidiary of Daytona Apparel Group. After this acquisition, Centric Brands LLC will now completely own the hosiery product segment of Daytona Apparel Group, who sell its products under various brands in retails across the globe.
- In March 2021, Adidas unveiled its new ‘Own the Game’ strategy. The main aim of this strategy is to increase the credibility of Adidas brand’s, providing distinctive experience, and expanding the company’s efforts all over the world.
Global Hosiery Key Market Trends
- Adoption of several new and advanced technologies such as ultrasonic and laser technologies for the production of hosiery products worldwide is likely to impact the global hosiery market positively in the next coming years. Availability of advanced and innovative technology specially in developed economies due to the high investment on research & development activities through various private and government bodies, is fueling the market demand and creating lucrative growth opportunities for the coming years.
Global Hosiery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global hosiery market is witnessing a strong growth during the forecast period owing to increased consumer awareness towards the pros of hosiery products, increasing per capita income, and rising sports activities all around the world. In addition, the growing number of fitness freaks worldwide due to several health concerns spreading in the last few years, is also expected to fuel the demand for hosiery products due to the several benefits of wearing these products in the coming years. However, some complications associated with hosiery like skin irritation and breaking the skin due to excess pressure are anticipated to hinder the global demand in the near future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 37.4 billion |
| Market size value in 2031 | USD 50 billion |
| Growth Rate | 4.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered | |
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Hosiery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Hosiery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Hosiery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Hosiery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Hosiery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Hosiery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Hosiery Market Report Snapshots
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