Hosiery Market by Product (Non Sheer, Sheer), Gender (Men, Women), End-Products - Global Forecast 2024-2030

Hosiery Market by Product (Non Sheer, Sheer), Gender (Men, Women), End-Products - Global Forecast 2024-2030

The Hosiery Market size was estimated at USD 56.47 billion in 2023 and expected to reach USD 59.55 billion in 2024, at a CAGR 5.76% to reach USD 83.63 billion by 2030.

Hosiery is the category of clothing for the legs and feet, often knitted and made of yarns such as nylon, cotton, or silk. The term encompasses a variety of garments, including stockings, pantyhose, tights, knee-highs, leggings, and socks. These items serve functional and aesthetic purposes, providing warmth, compression, or a finishing touch to an ensemble. With a rich history that spans several centuries, hosiery has evolved with fashion trends and technological advancements, resulting in a diverse range of styles, patterns, and opacity levels suited for different occasions and consumer needs. Increasing focus on personal appearance and health-conscious behavior influences the demand for fashionable and functional hosiery products. Moreover, advancements in materials and manufacturing processes lead to better quality and variety, driving consumer interest. Further, the growth of online shopping has provided consumers with more options and convenience, thereby increasing the market reach of hosiery products. However, high competition and market saturation can make it difficult to achieve business growth. Environmental and ethical issues around fast fashion lead to consumer criticism, and increased regulation may impact sales. Nevertheless, growing interest in personalized apparel opens up new possibilities for customized hosiery. Products with medical benefits, such as compression socks, offer significant opportunities, especially given the aging population in many countries. Smart hosiery embedded with technology for fitness tracking or therapeutic benefits is an emerging trend with a lot of potential.

Regional Insights

In the Americas region, the hosiery market is characterized by a strong demand for premium and specialized products. In the United States, consumers often seek hosiery with advanced features such as compression, moisture-wicking, and temperature control, reflecting an interest in comfort and health. Moreover, the Presence of major brands focuses on innovation, with the latest patents showing developments in sustainable materials supporting market growth. The surge in D2C (Direct-to-Consumer) sales, facilitated by e-commerce platforms, bolstered product penetration in more regions. The hosiery market in the Middle East is heavily influenced by cultural norms and climate. In recent years, there has been an increased demand for fashionable hosiery options that align with cultural attire. Luxury and international brands have a significant presence in this area, often catering to the affluent consumer base. Luxury hosiery is popular, particularly in fashion-centric nations, including Italy and France. EU regulations on sustainability have pushed for innovation in environmentally friendly hosiery production methods. The Middle East market favors premium and luxury hosiery, reflecting the region's higher disposable income and preference for high-end fashion. The Asia Pacific is one of the most dynamic and fastest-growing regions for the hosiery market. There is a significant presence of local manufacturers, in major economies including China and India, which are also some of the largest contributors to the global hosiery industry. Japan and South Korea, on the other hand, are notable for their innovative and fashionable hosiery offerings. The increasing consumer purchasing power and expanding retail infrastructure are propelling market growth.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Hosiery Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising consumer awareness for quality and durability, along with changing lifestyle
High demand for hosiery products from sport and fitness sector
Expanding trades and exports of hosiery worldwide

Market Restraints

Increasing cost of raw materials

Market Opportunities

Emerging trend of innovative fabric designs in hosiery products
Growing sales of hosiery products from online distribution channel

Market Challenges

Presence of counterfeit products and quality issues

Market Segmentation Analysis

Product: Growing trend of non sheer hosiery as versatile fashion statements
Gender: Increasing popularity of hosiery for women products
End-Products: Significant demand for new design stockings

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Hosiery Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Hosiery Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Interloop Acquires 64% Stake in US Firm Top Circle Hosiery Mills

Interloop Limited acquired a 64% ownership stake in the U.S.-based company Top Circle Hosiery Mills. This acquisition positions Interloop to enhance its product offerings and customer base in North America, tapping into Top Circle’s established distribution channels and consumer relationships. The acquisition aligns with Interloop’s growth objectives and commitment to delivering innovative solutions while maintaining its reputation for quality and reliability in the hosiery sector.

INR 400 Crore Investment In Bengal's Hosiery Parks Expected By FY 2024-25

The West Bengal Hosiery Association (WBHA) announced an anticipated investment of INR 400 crore to expand hosiery parks in West Bengal, which is expected by the next fiscal year. These substantial funds will be principally steered towards enhancing infrastructure, procuring advanced machinery, and augmenting production capabilities.

US' The LYCRA Company Introduces New Anti-Static Hosiery Tech

The Lycra Company, a pioneer in innovative fiber and technology solutions for the textile and apparel industry, launched an anti-static hosiery technology. This innovation is set to enhance consumer comfort by effectively preventing the buildup of static electricity in hosiery products. As a part of their continuous commitment to addressing wearers' needs through scientific advancements, this new technology demonstrates The Lycra Company's proactive approach to solving common wardrobe issues.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Hosiery Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Hosiery Market, highlighting leading vendors and their innovative profiles. These include Aarti Intermational, Adidas AG, CSP International Fashion Group S.p.A., DM Hosiery, Ever Green Hosiery, FALKE KGaA, Gildan Activewear Inc., Gold Toe-Moretz, LLC, Golden Lady Company S.p.A., GOPAL JEE FABRICS, Hanesbrands, Inc., Iconix Brand Group, Inc., IMPERIAL KNITTERS, Jante Textile, Kayser-Roth Corporation, LU THAI TEXTILE CO., LTD, Mariflos, Nester Hosiery, Sculptz, Inc., Singhal Traders, SMJ KNIT FAB, Spanx Inc., The Donna Karan Company Store LLC, The LYCRA Company, Top Light Fabrics Private Limited, and Wolford AG.

Market Segmentation & Coverage

This research report categorizes the Hosiery Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Non Sheer
Sheer
Gender
Men
Women
End-Products
Leggings
Socks
Stockings
Tights
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year