This industry research report outlines the market size and forecast of the global hosiery market and segmentation by products (socks, tights, and pantyhose and nylons) and by geography (APAC, Europe, North America, and ROW). The report provides a market share analysis of the leading vendors in the market such as Hanesbrands, Golden Lady, Gilden Activewear, and CSP International.
Technavio’s market research analysts estimate the global hosiery market to grow at a CAGR of 4% between 2016 and 2020. The increasing concern about personal grooming and appearance is one of the major drivers of the market. Thanks to the booming e-commerce sector, even men have becomes concerned about their grooming and are following new trends in fashion and apparels. Europe leads the global market for hosiery, occupying around 34% of the total market share. The major factors contributing to the growth of this region is the rising demand for socks from the working population; wherein the women hosiery generates the highest revenue.
The new market research report from Technavio provides a breakdown and analysis of the hosiery segments by technology.
“Vendors are introducing new fabrics in the market, observing the rising demand for hosiery from both men and women populace. They are using laser and ultrasonic technologies to improve the product offerings. These techniques give the best edge cutting to the fabric in lesser time and seal the cut edges hence prevent from fraying. Vendors are also coming up with various value-added features that make hosiery wear comfortable and easy to wear,” says Brijesh Kumar Chaubey, Lead Analyst, Consumer & Retail, Technavio Research.
In terms of revenue, the socks segment dominated the global hosiery market in 2015 with a share of more than 69% in 2015. The growth of the socks segment is mainly driven by the increasing demand for socks from the following two consumer segments, 0-14 years age group and 15-64 years age group consumers. Also, the increased demand for socks emerging from developing regions such as APAC and Latin America has also triggered the growth of this segment.
The leading vendors in the global hosiery market include Hanesbrands, Golden Lady, Gilden Activewear, and CSP International. The presence of multiple vendors including well-established and regional vendors makes the market considerably fragmented and competitive. They compete on the basis of product differentiation, portfolio, and pricing. The prevailing competition among the vendors presents a possibility of increased number of mergers, with smaller entities being acquired by or merged with major players.
A more detailed analysis is available in the Technavio report, Global Hosiery Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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