Hosiery garments have risen in popularity as just being legwear in the apparel industry. The worldwide demand for these knitted fabrics has been high and dynamic, targeting demographics in the sports and fitness, healthcare, and fashion industries in its way. Hosiery garments are not confined to meet the needs of comfort and aesthetics. The hosiery market is treading new growth trajectories underpinning the advent of products that can meet the demand for new sets of functionalities and derive new health benefits. The rising demand for hosiery in the sports industry reiterates these trends. The demand for hosiery has been gathering steam among sportsperson to replace cotton stockings, notably among multi-sports athletes, for preventing risks of injury, improving blood circulation, and protecting against muscle damage. Design of hosiery by garment manufacturers to meet new performance needs of athletes is also boosting the hosiery market.
The hosiery market is witnessing new demand propositions in the emergence of specialized hosiery. The use of compression stockings in the healthcare industry is a case in point. Compression hosiery is worn around feet and the category is fast gaining popularity in the management of a range of venous disorders and prevent formation of blood clots in lower legs. Hosiery products are recommended to treat a range of serious medical conditions such as deep vein thrombosis, varicose veins, edema, and phlebitis. The growing demand for hosiery worn as knee-high compression stockings underpins lucrative avenues in the hosiery market. The rising uptake of this new category in the fitness industry is also contributing substantial revenues to the global hosiery market.
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The report titled "Hosiery Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022", takes a closer look at trends shaping the various contours of the global hosiery market. The insights drills into key regional and global industry developments that give rise to new prospects and lucrative avenues in the hosiery market. The study looks at the demand dynamics of various product types in the hosiery market such as body stockings, compression stockings, knee highs and hold-ups, stockings, socks, and toe socks. The analyses also take a closer look at the opportunities and avenues in the various demographic segments of the hosiery market comprising men, women, and children. The report offers insights into the prospects of various hosiery products based on price such as economy, mid, premium, and super-premium. The study also evaluates the market potential of key sales channels such as modern trade, specialty stores, and online.
Hosiery refer to wide array of garments worn directly around feet and over legs for a variety of purposes such as for protection, comfort, aesthetics, and health benefits. The hosiery market has been witnessing new growth trajectories from their demand in meeting new consumers’ needs coming from the fitness and healthcare industries. Hosiery garments are seeing new demand proposition across demographics, driven by dynamics of fashion and style, comfort and convenience, and protection and therapeutics.
Additional Questions Answered
The study offers answers to several pertinent questions on the hosiery market dynamics and sheds lights on key aspects, including but not limited to:
Which consumer trends will keep the demand for hosiery attractive for men?
What factors influence the burgeoning uptake of hosiery in the fitness and sports industry?
What are recent innovations in the hosiery market that will account for the lucrative demand for compression hosiery in worldwide populations?
Which factors will bolster the rapidly rising demand for hosiery in APEJ?
What is prospect of super-premium price range products in the hosiery market?
Critical Tracking of Competitive Landscape
The report drills into the strategic dynamics of the hosiery market and takes a closer look at key strategies, winning imperatives, and consolidation strategies by emerging and established players. Some of the prominent players operating in the hosiery market are Spanx, Adidas AG, Nordstrom, the Wolford AG, Jockey International, Inc., Golden Lady Company S.p.A., L Brands, Inc., CSP International Fashion Group S.p.A., and Gildan Activewear Inc.
Women traditionally have been contributing large chunk of revenue in the global hosiery market. The wide array of choices that the hosiery market has been offering to this demographic is evident in the variety of socks and stockings, notably high-thigh stockings. The advent of hosiery with new prints and aesthetic values continue to influence feminine fashion sensibilities, reinforcing vast prospects for the overall market. The demand for hosiery garments will continue to remain lucrative in the coming years as well, with substantial share expected to come from Asia Pacific excluding Japan. However, apparel manufacturers are also shifting their attention toward men and children. More importantly, the men segment is expected to rise at the leading CAGR in market over the assessment period of 2017–2022. However, the demand for hosiery for men is anticipated to rise at more attractive CAGR over 2017–2022.
The products in the economic price range in the hosiery market is anticipated to garner the most attractive CAGR during 2017–2022. By the end of 2022, the opportunities in the hosiery market for economic price range products is expected to reach US$9,200 Mn. This will be followed by mid-range and super-premium range hosiery.
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