During the forecast period 2022-2032, the hosiery market is expected to grow at a CAGR of 5%, according to Fact.MR. By considering the demands of the industry, businesses are creating a variety of cutting-edge fabric designs. Currently, some of the most popular types include striped tights, stirrup tights, python print tights, and patterned over-the-knee socks.
They can rapidly and precisely cut the fabric's edges with these technologies while also sealing the edges to stop fraying. They are modernizing their hosiery lines to incorporate materials with antibacterial silver treatments, high levels of elasticity, and weather resistance. In order to promote blood flow, people choose for more durable elastic materials that can provide proper compression. The market is on strong growth trajectories as a result of the launch of products that could satisfy the desire for new sets of capabilities and offer new health benefits. The growing demand for hosiery in the sports industry supports these developments. The increased popularity of gear that improves athletic performance while minimizing muscle damage and injuries is another important factor boosting the growth of the hosiery industry. However, with the rising prices of the raw materials and super-premium products are expected to hinder the market growth.
Region-wise, the growth of the US hosiery sector is being driven by consumer demand for stylish and comfortable fabric goods. The widespread use of online stores promotes interaction between customers and brands. Businesses use big data analytics and machine learning to assess the needs of their customers, producing advertisements in response to the findings. Additionally, a dedicated branch of athletic diplomacy has ensured the uninterrupted continuation of both domestic and international sporting events. Numerous events with substantial sponsorship agreements as a result have altered the American scene.
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Key Takeaways from the Market Study:
“The hosiery industry is expected to expand rapidly due to its enhanced usage by the athletes and changing trends to provide support and protection to the body. Such developments will open up new avenues during the forecast period,” comments a Fact.MR analyst.
Leading Players Driving Innovation in the Hosiery Market:
Spanx Inc.; Adidas AG; Nordstrom Inc.; Wolford AG; Jockey International, Inc.; Golden Lady Company S.p.A.; L Brands, Inc.; CSP International Fashion Group S.p.A.; Gildan Activewear Inc.; Hanesbrands Inc.
Competitive Landscape
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More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global hosiery market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on hosiery market analysis by hosiery market report by product type (body stockings, compression stockings, hold-ups, socks, tights, toe socks, stockings), by demography (men, women), by price range (economy-priced, mid-priced, premium-priced, super-premium priced), by sales channel (modern trade, specialty stores, online) and by region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
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CAGR stands for Compound Annual Growth Rate. It is a useful measure that describes the mean annual growth rate of an investment over a specified time period, assuming the investment grows at a steady rate.
Athletic wear demands refer to the consumer need for clothing designed specifically for physical activities. This includes items like leggings, sports bras, and performance socks that enhance comfort and support during exercise.
Online sales channels are platforms where products are sold through the internet. This includes e-commerce websites, online marketplaces, and social media platforms that facilitate direct sales to consumers.
Big data analytics refers to the process of examining large and varied data sets to uncover hidden patterns, correlations, and insights. In business, it helps companies make informed decisions based on consumer behavior and market trends.
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