Global Hosiery Market Trends, Driving Factors, Challenges, Strategies, Opportunities, Recent Developments, Segments, and Forecast, 2023 – 2033
Global Hosiery Market was valued at USD 75215.09 Million in 2023 and reaches to USD 99994.56 Million by 2033 at a CAGR of 2.88%. The global hosiery market report has been segmented on the basis of product, gender, size, price range, distribution channel, and region.
Hosiery Product Overview
Hosiery, also known as legwear, are garments worn on legs and feet. Hosiery products are also generically known as ‘hose’. Hosiery is made from nylon and lycra yarns, which are available in different colors, sizes, opacity, smoothness, and strength, etc. Hosiery includes knee highs, socks, compression stockings, leggings, tights, legwarmers, and hold-ups.
The global hosiery market refers to the market for socks, stockings, leggings, tights, and other types of hosiery products. The market is driven by factors such as increasing fashion consciousness, rising disposable income, and growing e-commerce. The market is segmented by product type, such as socks, stockings, tights, and leggings, and by end-user, such as men, women, and children.
Global Hosiery Market: Dynamics
Increasing demand for hosiery legwear garments among men and women is a major factor expected to drive growth of the global hosiery market. In addition, growing awareness about features and benefits of hosiery wear such as lightweight fabric, stylish yet comfortable material, soft and smooth quality, high moisture absorbency, flexibility, free airflow which prevents fungal infections, boosts blood circulation, and possibility of prevention from varicose veins are factors expected to drive preference and demand and support growth of the global hosiery market. Furthermore, increasing adoption of hosiery clothing for infants to prevent any rashes and enable sufficient breathability, to avoid any infections, absorb sweat, and to keep legs warm in cold and snowy conditions are among other factors expected to drive market growth. High demand for hosiery products from various applications such as for fashion, entertainment industry, sport & fitness sectors, and healthcare sector is another key factor expected to fuel the growth of the global hosiery market to a significant extent.
Among the product segments, the socks segment is expected to account for major revenue share in the target market, owing to increasing demand for socks, especially toe socks, among male and female customers as it helps protect feet from dirt or dust, reduces the probability of swelling, mildly safeguards against foot injuries, improves blood circulation, and keeps feet warm.
Among the two segments based on gender, the men segment is expected to hold a dominant position in the global hosiery market in terms of revenue share, owing to the ever-increasing demand for socks, legwarmers, etc. The women segment, however, is projected to surpass the men segment in terms of adoption and consumption of hosiery clothing and register a significant growth rate owing to the availability of wider range of hosiery products, combined with rising inclination towards soft and smooth material clothing.
Among the size segments, the small and medium segments are expected to account for higher revenue share. The plus size segment is expected to register a considerably high growth rate in the target market over the next few years.
By Distribution Channel:
Among the distribution channel segments, the online segment is projected to register a substantial growth rate in the target market, owing to growing purchasing power, and rising use of online platforms and applications (apps) for buying purposes. Increasing Internet penetration, time-saving purchasing process, discounts or offers available, timely deliveries, and easy returns are reasons due to which popularity of online purchases in increasing and supporting revenue growth of the segment in the target market.
The Europe market is expected to account for substantial revenue share in the global hosiery market, owing to presence of prominent players in countries in the region and rising inclination of male and female consumers towards hosiery legwear and legwarmers in the region. The North America market is expected to account for second-highest share in terms of revenue in the global market, owing to high demand from fashion and entertainment industries, and rising adoption rate by women in countries such as the US and Canada. The US market is expected to contribute the highest revenue share in the North America market. The Asia Pacific market is projected to register fastest growth in terms of revenue over the next 10 years, owing to increasing westernization, rising spending capacity, and high demand for comfortable legwear among consumers in countries in the region.
Global Hosiery Market Segmentation:
Segmentation by Product:
- Body Stockings
- Compression Stockings
- Knee Highs, Hold-ups
- Toe Socks
Segmentation by Gender:
Segmentation by Size:
Segmentation by Price Range:
Segmentation by Distribution Channel:
- Mass Merchant
- Mono Brand Outlet
- Online Store
- Departmental Store
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size USD 75215.09 Million Growth Rate 2.88% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2023-2033 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hanesbrands Inc.
- CSP International
- Jockey International
- Gildan Activewear
- L brands
- Golden Lady SPA
- Accorn Products
- Jockey International
- WOLFORD COMPANY - Wolford AG
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