Hosiery Market to Grow with a CAGR of 4.6% through 2029
Technological
advancements in manufacturing and changing fashion trends are driving the
Global Hosiery Market in the forecast period 2025-2029.
According to
TechSci Research report, “Hosiery Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global Hosiery
Market stood at USD 42.54 Billion in 2023 and is anticipated to grow with a
CAGR of 4.6% in the forecast period, 2025-2029. The global hosiery market
encompasses a diverse and dynamic industry that caters to the production and
sale of various legwear items, including stockings, tights, socks, and other
related accessories. Shaped by a combination of fashion trends, economic factors,
technological advancements, sustainability considerations, and the rise of
e-commerce, the global hosiery market reflects the evolving preferences and
demands of consumers worldwide.
Fashion trends
and style preferences are foundational drivers of the global hosiery market.
Hosiery has transitioned beyond a functional necessity to a versatile fashion
accessory, allowing individuals to express their unique style. Designers and
brands continually innovate to align with the latest fashion trends, offering a
wide array of styles, patterns, and materials. The cyclical nature of fashion
ensures that hosiery remains a dynamic segment within the broader fashion
industry, with consumers seeking both classic and trendy legwear options to
complement their wardrobes.
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market data Figures spread through xx Pages and an in-depth TOC on
"Global Hosiery Market”
Economic
factors, such as increasing disposable income and urbanization, significantly
influence the global hosiery market. As economies grow and urban lifestyles
become more prevalent, consumers have greater purchasing power and a heightened
awareness of fashion. This, in turn, drives demand for hosiery products that
cater to diverse tastes and preferences. Hosiery, being relatively affordable,
experiences increased consumer spending on non-essential items, contributing to
the market's expansion.
Technological
advancements in manufacturing processes play a pivotal role in shaping the
hosiery industry. Advanced machinery, computerized knitting technologies, and
innovative materials contribute to the production of high-quality and durable
hosiery products. Seamless knitting techniques enhance comfort, while
sustainable materials address environmental concerns. These technological
innovations not only meet consumer expectations for superior products but also
enable manufacturers to streamline production processes, respond to market
demands efficiently, and maintain competitiveness.
Sustainability
considerations have become a prominent trend in the global hosiery market.
Consumers are increasingly conscious of the environmental impact of their
purchases, leading to a shift towards eco-friendly and ethical practices.
Hosiery brands are incorporating sustainable materials, such as organic cotton
and recycled fibers, and adopting environmentally friendly manufacturing
processes. This emphasis on sustainability not only meets consumer preferences
but also aligns with broader industry trends towards responsible and ethical
fashion.
The rise of
e-commerce has transformed the retail landscape, presenting both opportunities
and challenges for the global hosiery market. Online platforms offer consumers
unprecedented access to a vast array of hosiery products, enabling them to
explore, compare, and purchase items without geographical constraints.
Additionally, influencer marketing on social media platforms has become a
powerful force, shaping consumer choices and driving sales. However, the
dominance of e-commerce also intensifies competition, as brands strive to enhance
their online presence, provide a seamless shopping experience, and
differentiate themselves in a crowded digital marketplace.
The global hosiery market is a dynamic and multifaceted industry influenced by
fashion trends, economic factors, technological advancements, sustainability
considerations, and the impact of e-commerce. As consumer preferences evolve
and the industry responds to emerging trends, hosiery brands and manufacturers
must navigate these complexities to stay competitive and meet the demands of a
diverse and discerning global market.
The Global Hosiery
Market is segmented into type, category, distribution channel, regional
distribution, and company. Based on type the market is segmented into Socks,
Stockings, Tights, Leggings. Based on category the market is segmented into Men,
Women. Based on distribution channel the market is segmented into Online and Offline.
Based on region the market is segmented into five regions, North America,
Europe, Asia Pacific, Middle East & Africa, and South America.
The global hosiery market is
experiencing surge in demand from the women's segment, reflecting shifting
societal norms, fashion trends, and evolving consumer preferences. Women, now
more than ever, are embracing hosiery as a versatile fashion accessory that not
only enhances style but also offers comfort and functionality. With an
increasing focus on self-expression and body positivity, hosiery has become a
staple in the wardrobes of women across various age groups and demographics.
Moreover, the proliferation of online shopping platforms and social media
influencers has facilitated greater accessibility and awareness of hosiery
options, empowering women to explore a diverse range of styles, colors, and
textures. Additionally, the growing emphasis on sustainability and
eco-conscious fashion has prompted consumers to seek out hosiery brands that
prioritize ethical manufacturing practices and use eco-friendly materials,
further driving the demand for women's hosiery in the global market.
Major companies
operating in Global Hosiery Market are:
- Spanx, LLC
- Adidas AG
- 2XU Pty Ltd.
- LVMH Group
- Renfro Corporation
- CSP International Fashion Group S.p.A.
- Golden Lady Company SpA
- Gildan Activewear Inc.
- Hanesbrands Inc.
- Carolina Hosiery, Inc.
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“Inclusivity and
diversity in product offerings is expected to have an impact on growth over the
forecasted period. Technological advancements in manufacturing and changing
fashion trends will positively impact the Global Hosiery Market. Due to the
wide range of products available to meet specific needs of, as well as the
growing popularity of the online sales channel, the market is growing at
impressive rate through projected period,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Hosiery Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Type (Socks, Stockings,
Tights, Leggings), By Category (Men, Women), By Distribution Channel (Online,
Offline), By Region, By Competition, 2019-2029F”, has evaluated the
future growth potential of Global Hosiery Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Hosiery Market.
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