The "Hosiery Market" has experienced impressive growth in recent years, expanding its market presence and product offerings. Its focus on research and development contributes to its success in the market.
Hosiery Market Overview and Report Coverage
Hosiery refers to tight-fitting garments worn on the legs and feet, such as stockings, socks, and tights. The global hosiery market is expected to witness substantial growth in the coming years, with a forecasted CAGR of % during the period of 2024-2031.
Factors driving the growth of the hosiery market include changing consumer preferences towards fashionable and trendy legwear, increasing disposable income, and rising awareness about the importance of leg health. The demand for hosiery is also being fueled by the growing influence of social media and the rise of e-commerce platforms, making it easier for consumers to access a wide variety of hosiery products.
Moreover, technological advancements in hosiery manufacturing and the introduction of innovative materials and designs are expected to further boost market growth. Key players in the hosiery market are focusing on product differentiation and expanding their product portfolios to cater to the diverse needs and preferences of consumers.
Overall, the hosiery market is poised for significant growth in the coming years, with a strong outlook for market expansion and the latest market trends indicating robust growth prospects.
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Market Segmentation
The Hosiery Market Analysis by Types is segmented into:
The hosiery market consists of various types of products including body stockings for full body coverage, compression stockings for medical and athletic purposes, knee highs and hold-ups for everyday wear, stockings for a classic look, socks for casual and athletic use, tights for coverage and style, and toe socks for a unique and comfortable toe-separating design. Each of these products caters to different preferences and needs in the market for legwear and foot covering.
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The Hosiery Market Industry Research by Application is segmented into:
Hosiery products are sold in various markets such as mass merchants, mono-brand outlets, online stores, and departmental stores. Mass merchants offer a wide range of hosiery products at competitive prices. Mono-brand outlets focus solely on selling hosiery products from a specific brand. Online stores provide convenience and a wide selection of hosiery products for shoppers. Departmental stores offer a combination of hosiery products from different brands, catering to a diverse customer base. Each market caters to different consumer preferences and shopping habits.
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In terms of Region, the Hosiery Market available by Region are:
North America:
Europe:
Asia-Pacific:
Latin America:
Middle East & Africa:
The hosiery market in North America is driven by changing fashion trends and increasing consumer awareness about sustainable and eco-friendly products. The market in Europe is primarily influenced by the presence of major fashion hubs such as Italy and France. In Asia-Pacific, countries like China and Japan drive the market with the growing urban population and increasing disposable income. Latin America offers opportunities for growth with the rising demand for premium hosiery products. The Middle East & Africa region is seeing a surge in demand for modest fashion, which is boosting the hosiery market. Key players such as Hanesbrands, Golden Lady, and Gildan Activewear are focusing on product innovation, sustainability, and expanding their reach in emerging markets to drive growth.
Hosiery Market Emerging Trends
Some emerging and current trends in the global hosiery market include a shift towards sustainable and eco-friendly materials, such as organic cotton and recycled nylon, as consumers become more conscious of their environmental impact. There is also a growing demand for inclusive sizing options to cater to a diverse range of body types. Additionally, technological advancements are driving innovations in design and production techniques, leading to the development of performance-enhancing hosiery for various activities. The rise of online shopping and e-commerce platforms has also transformed the way consumers shop for hosiery, with a greater emphasis on convenience and personalized shopping experiences.
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Major Market Players
Hanesbrands is a leading player in the hosiery market, offering a wide range of products including socks, tights, and leggings. They have a strong presence in the North American market and have reported steady growth over the past few years. They have also been focusing on sustainability initiatives, which have resonated well with consumers looking for environmentally friendly products.
Golden Lady is another key player in the hosiery market, with a strong presence in Europe. They are known for their high-quality hosiery products and innovative designs. The company has been focusing on expanding their product range and entering new markets to drive growth.
Gildan Activewear is a well-known player in the hosiery market, with a strong presence in North America. They have reported consistent growth in recent years, driven by their focus on high-quality products and strong branding. The company has also been investing in e-commerce and digital marketing to reach a wider customer base.
According to a report by Grand View Research, the global hosiery market size was valued at $ billion in 2020 and is expected to reach $48.1 billion by 2028, with a CAGR of 3.7% during the forecast period.
Sales revenue for some of the key players in the hosiery market include Hanesbrands ($6.6 billion in 2020), Golden Lady (€334 million in 2020), and Gildan Activewear ($2.8 billion in 2020). These companies continue to innovate in terms of product development, marketing strategies, and sustainability initiatives to stay competitive in the growing hosiery market.
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