The global hosiery market size is expected to reach USD 44.2
billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 4.0% over the forecast period. Shifting inclination of
the consumers towards apparel with excellent functional and fashionable
characteristics is expected to promote the use of hosiery. It has been observed
that many hosiery products are used by the people who are suffering from
varicosities and leg disorders.
Rising fitness enthusiasts at the global level as a result of
increased number of campaigns through social media and satellite channels on
healthy lifestyle is expected to promote the use of hosiery products as a
comfortable product, which protect legs during workout. Furthermore, fitness
professionals and athletes prefer hosiery over cotton socks due to the former’s
ability to increase the blood flow. Rising number of sports professionals in
developing countries including China, India, South Korea, Brazil, and Mexico
owing to improvement in sports infrastructure at the domestic level is expected
to expand the scope for hosiery over the next few years.
The men application segment is expected to expand at the
fastest CAGR of 4.5% from 2019 to 2025. A large number of population is
suffering from different types of leg circulation problems, including venous
insufficiency and skin color change. Such population prefers to use long length
skin color products for trendy and normal leg looks. Key manufacturers are working
on product innovation and improvement to get a competitive advantage in the
market. For instance, winter and wet tights offered by Stolen Goat Ltd.
received tremendous response from the consumers as these tights are specially
designed to wear when temperature goes below 6 degrees. Buyers can comfortably
enjoy their activity with this product.
The market in Asia Pacific is anticipated to witness
significant growth in light of improving living standards and increasing
disposable income, especially in China and India. Moreover, growing trend of
personal appearance is expected to be boost market growth in the region over
the next few years. Top U.S. brands are effectively expanding their business in
Asia Pacific to tap the growing markets including China and India through
establishment of their subsidiaries and formation of strategic alliances with
distributors. Furthermore, implementation of various government initiatives in
order to increase consumer awareness about health benefits associated with
sports events is expected to expand the scope for sports apparels including
hosiery.
Some of the major companies operating in this market are
Gildan Activewear; Hanesbrands; Spanx, Inc.; Golden Lady; Adidas America Inc.;
Jockey; Golden Lady SpA; and Carolina hosiery. The industry participants are
expected to increase the spending on new product developments in order to gain
the maximum market share.
For full research report on Hosiery Market
visit here:
https://www.grandviewresearch.com/industry-analysis/hosiery-market
Further
key findings from the report suggest:
- Non-sheer products dominated the market with 85.7% share
in 2018. Sheer products are projected to ascend at a CAGR of 5.1% from
2019 to 2025 due to their high adoption among population with varicosities
and leg disorder as they can hide marks on their legs
- By application, women held a leading share of 82.0% in
2018 due to predominant use of these products among working class
professionals in airline and healthcare sectors
- North America dominated the global market in 2018,
accounting for 37.4% share of the global revenue due to increasing
importance of workplace casualization and athleisure trend in U.S. and
Canada
- Asia Pacific is the fastest growing region, expanding at
a CAGR of 5.0% from 2019 to 2025 as a result of increasing demand among
the sports professionals in developing nations including China and India.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/hosiery-market/request/rs1
Grand View Research
has segmented the global hosiery market on the basis of product, application,
and region:
Hosiery Product
Outlook (Revenue, USD Billion, 2015 - 2025)
- Sheer
- Non-sheer
Hosiery Application
Outlook (Revenue, USD Billion, 2015 - 2025)
- Women
- Men
Hosiery Regional
Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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