Hosiery Trends and Forecast
The future of the global hosiery market looks promising with opportunities in the women and men markets. The global hosiery market is expected to reach an estimated $51.3 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing demand from both men and women for hosiery legwear goods, constantly changing landscape of trends in fashion, as well as, integration of smart textiles involves incorporating technology into hosiery products.
• Lucintel forecasts that, within the product category, non-sheer will remain a larger segment over the forecast period due to its comfort and ease of wear.
• Within the application category, women will remain a larger segment due to majority of women favor hosiery items in a variety of hues and patterns, along with the usage of underwear for both work and exercise has increased.
• In terms of regions, North America will remain the largest region over the forecast period due to growing demand for stylish and comfortable fabric products among the consumers.
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Emerging Trends in the Hosiery Market
The hosiery market is witnessing several emerging trends that are reshaping the industry landscape. These trends reflect changing consumer preferences, technological advancements, and evolving market dynamics.
• Sustainable materials: The use of eco-friendly and recycled materials in hosiery production is gaining traction. Brands are increasingly adopting sustainable practices to reduce their environmental footprint, appealing to environmentally conscious consumers. This trend is leading to the development of innovative fabrics and production methods that minimize waste and energy consumption.
• Technological integration: Advanced technologies such as smart textiles and wearable tech are being integrated into hosiery products. Features like temperature regulation, moisture-wicking, and compression are becoming more prevalent. These innovations enhance comfort and functionality, catering to consumersÄX%$%X growing demand for performance-oriented products.
• E-commerce growth: The rise of online shopping is transforming the hosiery market. E-commerce platforms are providing greater accessibility, variety, and convenience for consumers. Brands are investing in digital marketing and online sales channels to reach a broader audience and adapt to changing shopping habits.
• Personalized and customized products: There is a growing demand for personalized and customized hosiery products. Consumers are seeking unique designs and tailored fits, leading to the emergence of customization options and bespoke services. This trend reflects a broader movement towards individual expression and personalization in fashion.
• Focus on wellness and health: Hosiery products with health benefits, such as compression socks for improved circulation or therapeutic hosiery for specific conditions, are gaining popularity. This trend is driven by increasing awareness of health and wellness, with consumers looking for products that offer both style and functional benefits.
These trends are significantly reshaping the hosiery market. The emphasis on sustainability is driving innovations in materials and production processes. Technological advancements are enhancing product performance and consumer experience. The growth of e-commerce is expanding market reach and changing shopping behaviors. Personalization and customization are meeting the demand for unique and tailored products. Finally, the focus on wellness is creating new opportunities for health-oriented hosiery products. Together, these trends are transforming the hosiery market, making it more dynamic and responsive to evolving consumer needs.
Recent Developments in the Hosiery Market
The hosiery market is undergoing several key developments that reflect changes in consumer preferences, technological advancements, and market dynamics. These developments are influencing product offerings, market strategies, and overall industry growth.
• Sustainability initiatives: The industry is increasingly focusing on sustainability, with many brands adopting eco-friendly materials and production processes. This includes the use of recycled fibers, organic cotton, and reducing waste. Companies are also improving transparency in their supply chains to appeal to environmentally conscious consumers.
• Technological innovations: Technological advancements are driving the development of new hosiery products with enhanced features. Innovations include smart textiles with temperature regulation, compression technology for health benefits, and improved moisture-wicking capabilities. These technologies are catering to consumers seeking both functionality and comfort.
• Growth of e-commerce: The expansion of e-commerce has significantly impacted the hosiery market. Online platforms are becoming the primary sales channels, offering consumers a wide range of products and convenience. This shift is prompting brands to invest in digital marketing and online sales strategies.
• Trend towards customization: Customization is becoming a prominent trend in the hosiery market. Consumers are looking for personalized products that reflect their individual style and preferences. This has led to the growth of customization services, allowing consumers to design their own hosiery or choose from a range of unique options.
• Emergence of health-focused products: There is an increasing demand for hosiery products that offer health benefits. Compression socks and therapeutic hosiery designed to improve circulation or address specific health issues are gaining popularity. This trend reflects a broader interest in wellness and functional fashion.
These developments are significantly shaping the hosiery market. Sustainability initiatives are driving industry-wide changes towards more eco-friendly practices. Technological innovations are enhancing product functionality and consumer experience. The growth of e-commerce is expanding market reach and altering shopping behaviors. Customization trends are meeting the demand for personalized products. The emergence of health-focused products is creating new market opportunities. Together, these developments are influencing market dynamics, consumer preferences, and industry growth.
Strategic Growth Opportunities for Hosiery Market
The hosiery market presents several strategic growth opportunities across different applications. These opportunities reflect evolving consumer needs and market trends.
• E-commerce expansion: The rapid growth of e-commerce offers significant opportunities for hosiery brands. Online platforms provide a wide reach, lower overhead costs, and the ability to engage with a global audience. Investing in robust digital marketing and online sales strategies can enhance brand visibility and sales performance.
• Sustainable product lines: Developing and promoting sustainable hosiery products can attract environmentally conscious consumers. Brands can focus on eco-friendly materials, sustainable production processes, and transparent supply chains. This approach not only meets consumer demand but also aligns with global sustainability goals.
• Health and wellness products: There is a growing market for hosiery products designed for health and wellness. Opportunities exist in developing compression socks, therapeutic hosiery, and products with wellness benefits. Addressing specific health concerns and offering functional benefits can differentiate brands and appeal to health-conscious consumers.
• Customization and personalization: Offering customization and personalization options presents a unique growth opportunity. Consumers are increasingly seeking products that reflect their individual style and preferences. Brands can capitalize on this trend by providing bespoke services, unique designs, and tailored fits.
• Technological innovations: Investing in technological innovations can enhance product functionality and appeal. Opportunities include developing smart textiles, advanced moisture-wicking materials, and performance-oriented features. Embracing technology can position brands as leaders in innovation and attract consumers seeking high-performance products.
These strategic growth opportunities are shaping the hosiery market by driving innovation, expanding market reach, and meeting evolving consumer needs. E-commerce expansion and customization are transforming shopping experiences and product offerings. Sustainable product lines and health-focused items are addressing consumer preferences for eco-friendly and functional products. Technological innovations are enhancing product performance and differentiation. Together, these opportunities are influencing market dynamics and creating pathways for growth and success in the hosiery industry.
Hosiery Market Driver and Challenges
The hosiery market is influenced by a range of drivers and challenges that impact its growth and development. These factors include technological advancements, economic conditions, and regulatory issues.
The factors responsible for driving the hosiery market include:
• Technological advancements: Technological innovations are a major driver of the hosiery market. The development of advanced materials, smart textiles, and improved manufacturing techniques is enhancing product performance and functionality. These advancements cater to consumers’ demands for comfort, durability, and specialized features.
• Growth of e-commerce: The rise of e-commerce is driving market growth by providing greater accessibility and convenience for consumers. Online platforms enable brands to reach a broader audience, offer a diverse range of products, and leverage digital marketing strategies to boost sales.
• Increasing demand for sustainability: Consumer demand for sustainable and eco-friendly products is pushing the industry towards greener practices. Brands are adopting sustainable materials and production processes to appeal to environmentally conscious consumers, which is driving growth in this segment.
• Health and wellness trends: The growing focus on health and wellness is creating opportunities for hosiery products with functional benefits. Products such as compression socks and therapeutic hosiery are gaining popularity, driven by consumersÄX%$%X desire for items that support their health and well-being.
• Rising disposable incomes: Increasing disposable incomes, particularly in emerging markets, are boosting consumer spending on premium and luxury hosiery products. As more consumers seek high-quality and fashionable items, brands have the opportunity to cater to this growing demand.
Challenges in the hosiery market are:
• Intense competition: The hosiery market is highly competitive, with numerous brands and products vying for consumer attention. This competition can lead to pricing pressures and challenges in differentiating products. Companies need to focus on innovation and unique value propositions to stand out.
• Supply chain disruptions: Supply chain disruptions, such as raw material shortages or logistical challenges, can impact production and distribution. These disruptions can lead to delays, increased costs, and difficulties in meeting consumer demand, affecting overall market performance.
• Regulatory compliance: Compliance with regulatory standards and environmental regulations can pose challenges for hosiery manufacturers. Adhering to these regulations requires investment in quality control and sustainable practices, which can impact production costs and operational efficiency.
The major drivers and challenges are shaping the hosiery market by influencing growth trajectories and operational strategies. Technological advancements, e-commerce growth, sustainability demands, health trends, and rising incomes are driving market expansion and innovation. Conversely, intense competition, supply chain disruptions, and regulatory compliance issues pose challenges that companies must navigate. Addressing these drivers and challenges effectively is crucial for success and sustainability in the evolving hosiery market.
List of Hosiery Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies hosiery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hosiery companies profiled in this report include-
• Golden Active wear
• Hanesbrands
• Spanx
• Golden Lady
• Gatta Hosiery
• CSP International Fashion Group
• Adidas
Hosiery by Segment
The study includes a forecast for the global hosiery by product, application, and region.
Hosiery Market by Product [Analysis by Value from 2018 to 2030]:
• Sheer
• Non-Sheer
Hosiery Market by Application [Analysis by Value from 2018 to 2030]:
• Women
• Men
Hosiery Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Hosiery Market
The hosiery market is evolving rapidly due to shifts in consumer preferences, technological advancements, and economic conditions across key global markets. Recent developments have seen varying trends and changes, reflecting the diverse needs and growth trajectories of different regions. This overview examines recent market dynamics in the United States, China, Germany, India, and Japan to highlight significant advancements and changes in these major hosiery markets.
• United States: In the United States, the hosiery market has been significantly influenced by a rise in athleisure and comfort-driven fashion. The demand for innovative and functional hosiery products has increased, with brands focusing on enhanced durability, moisture-wicking, and support features. Additionally, sustainability has become a key trend, with many companies investing in eco-friendly materials and production processes. The market has also seen growth in online retail channels, driven by changing shopping habits and increased digital engagement.
• China: ChinaÄX%$%Xs hosiery market is experiencing rapid growth driven by rising disposable incomes and a burgeoning middle class. There is a notable shift towards premium and luxury hosiery products as consumers increasingly prioritize quality and brand. E-commerce continues to expand, with online platforms becoming a major channel for hosiery sales. Additionally, there is growing interest in innovative designs and functionalities, such as compression and smart fabrics, reflecting the countryÄX%$%Xs increasing focus on technology and fashion-forward products.
• Germany: GermanyÄX%$%Xs hosiery market is characterized by a strong emphasis on sustainability and innovation. German consumers are increasingly seeking eco-friendly products, leading to a rise in hosiery made from recycled materials and sustainable fibers. The market is also witnessing advancements in technology, with the integration of features like antimicrobial properties and enhanced comfort. Additionally, there is a growing trend towards customization and personalization, with consumers looking for unique and tailored hosiery solutions.
• India: In India, the hosiery market is expanding rapidly due to increasing urbanization and changing fashion trends. There is a growing preference for affordable yet stylish hosiery, with a strong demand for both casual and formal options. The rise of e-commerce and online shopping platforms is also transforming the market, providing greater accessibility and variety. Additionally, the market is seeing a shift towards more inclusive sizing and designs that cater to diverse body types and preferences.
• Japan: JapanÄX%$%Xs hosiery market is marked by a blend of tradition and innovation. There is a significant demand for high-quality, durable products with advanced features such as thermal regulation and anti-odor properties. Japanese consumers are known for their attention to detail and preference for premium materials. The market is also experiencing growth in niche segments like compression hosiery and specialized socks. Additionally, the rise of lifestyle and fashion-conscious consumers is driving demand for trendy and high-performance hosiery options.
Features of the Global Hosiery Market
Market Size Estimates: Hosiery market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hosiery market size by product, application, and region in terms of value ($B).
Regional Analysis: Hosiery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the hosiery market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hosiery market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the hosiery market size?
Answer: The global hosiery market is expected to reach an estimated $51.3 billion by 2030.
Q2. What is the growth forecast for hosiery market?
Answer: The global hosiery market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hosiery market?
Answer: The major drivers for this market are increasing demand from both men and women for hosiery legwear goods, constantly changing landscape of trends in fashion, as well as, integration of smart textiles involves incorporating technology into hosiery products.
Q4. What are the major segments for hosiery market?
Answer: The future of the global hosiery market looks promising with opportunities in the women and men markets.
Q5. Who are the key hosiery market companies?
Answer: Some of the key hosiery companies are as follows:
• Golden Active wear
• Hanesbrands
• Spanx
• Golden Lady
• Gatta Hosiery
• CSP International Fashion Group
• Adidas
Q6. Which hosiery market segment will be the largest in future?
Answer: Lucintel forecasts that non-sheer will remain a larger segment over the forecast period due to its comfort and ease of wear.
Q7. In hosiery market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to growing demand for stylish and comfortable fabric products among the consumers.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hosiery market by product (sheer and non-sheer), application (women and men), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Hosiery Market, Hosiery Market Size, Hosiery Market Growth, Hosiery Market Analysis, Hosiery Market Report, Hosiery Market Share, Hosiery Market Trends, Hosiery Market Forecast, Hosiery Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.