Analysis of Hosiery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global hosiery market is projected to expand steadily at a CAGR 5% value, during the forecast period 2022-2032. In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 50.7 Billion. Considering this steady growth along with the booming demand in the global market, the hosiery market is expected to reach US$ 82 Billion by 2032.
The market expansion is primarily driven by the increased significance of hosiery as a sturdy article of apparel that helps sports professionals stay comfortable and decreases leg fatigue. These hosiery goods are additionally loved by female consumers as a result of their almost imperceptible features, which provide natural and glossy looks.
Companies are developing a variety of cutting-edge fabric designs by taking the needs of the market into account. Striped tights, stirrup tights, python print tights, and patterned over-the-knee socks are a few of the popular styles right now.
These technologies allow them to quickly and accurately trim the fabric's edges while also sealing the edges to prevent fraying. They are updating their hosiery lines to include fabrics that are weather-resistant, have high levels of elasticity, and have an antibacterial treatment based on silver.
The Disabled Living Foundation (DLF) and Adaptive Textiles are two significant third-party producers who offer training and manufacture these hosiery goods. People choose to get more robust elastic materials that can offer the right compression, which increases blood flow.
One of the main variables influencing the global market is also anticipated to be a shift in consumer preference towards the e-commerce sector. The main driver of market expansion is the ease of use and convenience of online retailers' purchasing features.
The average amount of time people spend shopping for intimate clothing in brick and mortar stores is falling globally, which has led to an increase in the sales of hosiery items through online channels. The demand patterns in this industry are changing as a result of shifting demographic factors including disposable income and lifestyle.
The need for plus size hosiery items is being driven by the observation that obesity rates are rising globally. In the United States, 65% of individuals are either obese or overweight, and there is little evidence that this situation is getting any better.
In several nations, the majority of women are embracing the plus size inclusion movement. Different manufacturers have been selling special plus size products to satisfy the market need after realizing the need for these hosiery products. Among the vendors are Hanesbrands Inc., BAREWEB, INC., and Macy's.
Anticipated Base Year Value (2021)
US$ 48 Billion
Expected Market Value (2022)
US$ 50.7 Billion
Projected Forecast Value (2032)
US$ 82 Billion
Global Growth Rate (2022-2032)
Expected Growth Rate of the U.S Market (2022-2032)
Anticipated Growth Rate of China Market (2022-2032)
Prominent Players in The Global Market
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According to market research and competitive intelligence provider Fact.MR- the market for hosiery reflected a value CAGR of 3.5% during the historical period, 2017- 2021. In addition to being worn as underwear, hosiery is increasingly being used for a variety of different purposes, from enhancing protection during athletic competitions to enhancing general blood circulation inside the body.
Sales of hosiery items fluctuated to varied degrees during the new coronavirus outbreak, with demand for sportswear significantly falling as outdoor events were canceled due to forced lockdowns. However, as more consumers turned to internet shopping, sales of hosiery goods for daily wear significantly increased.
The market is expected to take up speed in the upcoming decade as a result of the tremendous popularity of sporting events like the Paralympics and Olympics and the return of social gatherings around the world. The global hosiery market is expected to reach US$ 82 Billion by 2032, growing 1.6x times that amount
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Documented Therapeutic Benefits to boost Global Market Demand
With the introduction of goods that may satisfy the desire for new sets of capabilities and provide new health benefits, the hosiery market is on significant growth trajectories. These trends are supported by the expanding demand for hosiery in the sports industry. In addition, a major element driving the expansion of the hosiery market is the rising popularity of apparel that helps athletes and sports people perform better while reducing muscle damage and injuries.
For instance, there is a developing market for hosiery items to reduce the dangers associated with the rising frequency of venous diseases among athletes. The industry for hosiery is expanding due to the promising potential for using them in sclerotherapy to treat a variety of leg problems.
The increasing popularity of compression stockings among people all over the world is a major driver of the market for hosiery's overall sales. Thus, with such notable developments during the forecast period, the market for hosiery will see extreme demand.
Changing Trends to accelerate Demand Globally
Sportspeople are increasingly turning to hosiery in favor of cotton stockings to reduce the chance of injury, improve blood flow, and guard against muscle soreness. This is especially true of multi-sport athletes. The development of hosiery by clothing producers to satisfy athletes' new performance requirements is also fueling market expansion.
In order to draw clients, prominent businesses are expanding technology by providing anti-bacterial sterilized yarn, organic goods, and non-compressive, soft elastic socks. To increase their consumer base, socks companies are also offering pulse rate and diabetes socks.
Some well-known technologies used in athletic apparel include nanotechnology, insulators, and microfibers. And athletes and sportspeople are no longer the only ones who can wear these clothes. But as people's interest in adventure and physical activity increases, athletic gear is becoming more and more common. With the rising demand for these products, the demand for hosiery will boom during 2022-2032.
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Availability of Premium and Super-Premium Product Lines to restrict the market growth
With the introduction of the premium and super premium range of hosiery products, there has been a plunging decline in the demand of economically and mid-priced products.
People, with regards to more skin-consciousness, are buying less products but with utmost quality. At any cost, the consumers do not want to compromise on the quality of products, especially for the innerwear.
At the same time, the increasing cost of the raw materials can have a direct impact on the maximum retail prices of the various hosiery products. Hence, these can be some of the significant reasons that can stymie the growth of the hosiery market during the assessment period.
Hosiery Products for Women will continue to Generate Maximum Demand
The women category is expected to lead the global hosiery market in 2022 and is likely to retain its dominance throughout the forecast period. The segment is predicted to gain a global market share of 65% by 2022. Historically, women have contributed a sizable portion of the world's hosiery market's revenue.
Increased use of hosiery goods for both personal and professional purposes are gaining traction since women view these things as trendy wearables. Additionally, the majority of women choose hosiery items in a variety of colors and patterns, which is expected to broaden the market's appeal.
The range of socks and stockings, especially thigh-high stockings, show how many options the hosiery sector has been providing to this group. Wide-ranging opportunities for the total industry are reinforced by the introduction of hosiery with aesthetic values and fresh prints, which continue to impact feminine fashion sensibilities. Such developments will bolster the demand in the global market during the forecast period.
Online Distribution Channels to enjoy a larger Customer Base
In 2022, online hosiery sales are expected to hold the major portion of the hosiery market by sales channel type, accounting for almost 30% of the global market share. Fact.MR predicts that in the following decade, hosiery sales through internet platforms will gain substantial traction.
Numerous hosiery makers have either joined with e-commerce behemoths or launched their own virtual platforms as more consumers increasingly shop for the majority of their clothes on online platforms.
The Sock Factory (USA), Meetsocks (China), Nester Hosiery (USA), Naier (China), Bonas (China), Jasan Group (China), the Sock Factory (USA), Nester Hosiery (China), Viola Calzificio, and Golden Lady (Italy) are only a few of the well-known brands already active via online channels in this market. According to Fact.MR, the internet market will grow at a CAGR of 4.9% between 2022 and 2032.
Fashionable and Cozy Wear will boost the Market Demand
The US market will be the most lucrative market for hosiery during the forecast period. As per Fact.MR, the U.S market is expected to gain a market share of 45% in 2022. Consumer demand for fashionable and cozy cloth products is fueling industry expansion.
The contact between consumers and brands is being encouraged by the high presence of online shops. Businesses are evaluating the customer requirements by utilizing big data analytics technologies and machine learning, hence publishing the adverts in accordance with the results.
Additionally, a specialized division of athletics diplomacy has made sure that international and domestic sporting events continue unabatedly. As a result, numerous events with substantial sponsorship deals have impacted the American landscape. This has created new revenue streams for producers of consumer goods, hosiery, clothes, and food and beverages.
In recent years, a number of hosiery producers at the regional, national, and international levels have benefited from the ever-expanding trend of sports gear in the US. For instance, Victoria's Secret sells a collection of high neck sports innerwear in addition to a wide selection of other women's sportswear. The US market is predicted to grow at a 4.5% CAGR during 2022-2032.
Hosiery events to boost the regional demand
China has emerged as one of the most profitable markets for the sales of hosiery and is also expected to register the highest CAGR during 2022-2032. During the forecast period, the Chinese market for hosiery is expected to grow at a 5.2% CAGR.
Events like the China International Hosiery Purchasing Expo (CHPE) are being planned to promote the hosiery industry. The event, the exclusive commercial platform for the hosiery sector in China, aims to link raw material, machine, and product makers with large-scale market distribution channels, including worldwide distributors and retailers.
The market size of the Chinese hosiery industry is growing due to the presence of important manufacturers such as JinHua Mengna Textile Co., Ltd., Yiwu Aurora Machinery Co., Ltd., Shaoxing Jinyu Printing and Dyeing Co.,Ltd., Suzhou Yipin Fashion Gift Co., Ltd., Xinchang Weilite Textile Machinery Co., Ltd., and others.
Such companies will surely boom demand in this regional market during the forecast period.
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The global hosiery market is currently worth more than US$ 62 Billion.
In 2022, the women segment by demographic type is expected to occupy a 65% revenue.
The online segment is projected to hold a global market share of 30% in 2022.
The Chinese region is forecast to have a CAGR of 5.2% over the projection period of 2022- 2032.
The global hosiery market is expected to grow with a 5% CAGR during 2022-2032.
As of 2032, the hosiery market is expected to reach US$ 82 Billion, as per Fact.MR.
The U.S is predicted to acquire 45% of the global market share in 2022 and grow with a 5.1% CAGR during 2022-2032.
From 2017-2021, the hosiery market grew at a CAGR of 3.5%.
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