The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Hosiery market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Hosiery
The report offers actionable and valuable market insights of Hosiery. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Hosiery Market across various industries and regions.
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This newly published and insightful report sheds light on Market Insights of Hosiery, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Hosiery Market.
Market Snapshot
The global market for hosiery is anticipated to register steady growth, clocking a CAGR worth 4.8% across the forecast period ranging from 2021 to 2031. By 2021, the industry is likely to generate worth US$ 60 Bn in value. Amongst all market, sales across China are expected to remain the highest, registering a CAGR worth 5.2%.
| Market Value for 2021 | US$ 60 Bn |
| Projected Value for 2031 | US$ 80 Bn |
| Growth Rate (2021-2031) | 4.8% CAGR |
| Expansion Rate of China | 5.2% CAGR (2021-2031) |
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Key Segments Covered
-
Product Type
- Body Stockings
- Compression Stockings
- Knee-high/Hold-ups Hosiery
- Stockings
- Socks
- Tights
- Toe Socks
-
Demography
- Hosiery for Men
- Hosiery for Women
-
Price Range
- Economy-priced Hosiery
- Mid-priced Hosiery
- Premium-priced Hosiery
- Super Premium-priced Hosiery
-
Sales Channel
- Hosiery Sales via Modern Trade
- Hosiery Sales via Specialty Stores
- Hosiery Sales via Online Stores
- Hosiery Sales via Other Sales Channels
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Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground.
- In October 2021, Spanx Inc. announced the conclusion of a definitive agreement with Blackstone wherein the latter will purchase a majority stake in the company, valued at US$ 1.2 billion. With this purchase, the company will be able to strengthen its virtual presence, strengthening its e-commerce presence and broaden its global footprint in the hosiery sector
- In March 2021, Adidas introduced its new strategy ‘Own the Game’ at a virtual Investor & Media Day. Main strategic focus of ‘Own the Game’ is to strengthen the credibility of the Adidas brand, to create a unique consumer experience and to continue to expand the company’s activities in the area of sustainability. The new strategy is designed to significantly increase sales and profitability as well as gain market share until 2025.
Key Takeaways from the Market Study
- The global Hosiery market is anticipated to add 1.3x value by 2031 as compared to 2021
- By demographics, hosiery for women to account for over 1/3rd of global demand
- By sales channel, online hosiery marketing to pick up pace, registering a CAGR of 6%
- By product type, socks to dominate the market, surpassing US$ 5 Bn by 2031
- Economy priced hosiery to register more than US$ 9 Bn in value by 2022
- U.S to experience credible growth in the sports sector, clocking a 4% CAGR
- China to emerge as the most opportunistic market, growing at a CAGR of 5.2%
“The hosiery market is treading new growth trajectories underpinning the advent of products that can meet the demand for new sets of functionalities and derive new health benefits.” comments a Fact.MR analyst
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- Market Analysis of Hosiery
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More Valuable Insights on Hosiery Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Hosiery, Sales and Demand of Hosiery, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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