The global hosiery market was valued at $40.5 billion in 2022, and is projected to reach $62.4 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.The term "hosiery" specifically implies knitted foot and leg covers. Hosiery is composed of stretchy fabrics such as nylon, spandex, and or a mix of these, allowing the clothes to fit securely and pleasantly on the body. On smaller-diameter circular machines, most hosiery goods are knitted with integrated tubular legs and feet. Typically, the border and top are knit first, followed by the foot and toe. A secure finish is also produced by closing the toe. Hosiery garments are commonly worn as undergarments and are employed in the medical field.
Recent years have witnessed online shopping as an emerging segment in the sales channel. The world has accepted the usage of digital mediums for shopping. The benefits of online shopping include convenience, time savings, and the ability to access various selections with a single click. With the advent of the COVID-19 pandemic, consumers were forced to shift toward online shopping. According to United Nations Conference on Trade and Development (UNCTAD), in 2021, the e-commerce industry grew, with online retail sales increasing from 16% to 19% of overall retail sales. According to the report, online retail sales by percentage were highest in the Republic of Korea which rose from 20.8% in 2018 to 25.9% in 2021. The increasing percentage shows that consumers are shifting toward online shopping and the popularity of online shopping is rising. The availability of internet access and increasing consumer adoption of online shopping due to its benefits such as convenience, timesaving, and discounted prices are expected to boost the expansion of online channels. The increase in online shopping is expected to increase the sales of hosiery through digital mediums.
Cotton, wool, rayon, acrylic, nylon, and, most recently, spandex have all been utilized in the hosiery business. The acceptance of spandex goods for women's transparent dress clothes has grown in recent years, keeping up with worldwide current fashion styles and trends. In addition to the warmth and appeal that hosiery provides, the hosiery clothing industry has seen a dizzying array of garments with varying fits and forms throughout the years. The increased demand for nylon in recent years has boosted hosiery sales tremendously. However, in the past few years, the focus has shifted to adult attire made of various materials.
The hosiery market is segmented into product type, gender, distribution channel, and region. By product type, the market is classified into socks, stockings, tights, and leggings. As per gender, the market is classified into men and women. According to distribution channel, the market is classified into retail stores and online retail. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, UAE, Saudi Arabia, and rest of LAMEA).
Players operating in the global hosiery market have adopted various developmental strategies to expand their hosiery market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Hanesbrands Inc., CSP International, LVMH, Jockey International, Gildan Activewear, L brands, Golden Lady SpA, Spanx, Inc., Renfro Corporation, and Carolina Hosiery Mills, Inc.
Recent years have witnessed online shopping as an emerging segment in the sales channel. The world has accepted the usage of digital mediums for shopping. The benefits of online shopping include convenience, time savings, and the ability to access various selections with a single click. With the advent of the COVID-19 pandemic, consumers were forced to shift toward online shopping. According to United Nations Conference on Trade and Development (UNCTAD), in 2021, the e-commerce industry grew, with online retail sales increasing from 16% to 19% of overall retail sales. According to the report, online retail sales by percentage were highest in the Republic of Korea which rose from 20.8% in 2018 to 25.9% in 2021. The increasing percentage shows that consumers are shifting toward online shopping and the popularity of online shopping is rising. The availability of internet access and increasing consumer adoption of online shopping due to its benefits such as convenience, timesaving, and discounted prices are expected to boost the expansion of online channels. The increase in online shopping is expected to increase the sales of hosiery through digital mediums.
Cotton, wool, rayon, acrylic, nylon, and, most recently, spandex have all been utilized in the hosiery business. The acceptance of spandex goods for women's transparent dress clothes has grown in recent years, keeping up with worldwide current fashion styles and trends. In addition to the warmth and appeal that hosiery provides, the hosiery clothing industry has seen a dizzying array of garments with varying fits and forms throughout the years. The increased demand for nylon in recent years has boosted hosiery sales tremendously. However, in the past few years, the focus has shifted to adult attire made of various materials.
The hosiery market is segmented into product type, gender, distribution channel, and region. By product type, the market is classified into socks, stockings, tights, and leggings. As per gender, the market is classified into men and women. According to distribution channel, the market is classified into retail stores and online retail. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, UAE, Saudi Arabia, and rest of LAMEA).
Players operating in the global hosiery market have adopted various developmental strategies to expand their hosiery market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Hanesbrands Inc., CSP International, LVMH, Jockey International, Gildan Activewear, L brands, Golden Lady SpA, Spanx, Inc., Renfro Corporation, and Carolina Hosiery Mills, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hosiery market analysis from 2022 to 2032 to identify the prevailing hosiery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hosiery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hosiery market trends, key players, market segments, application areas, and market growth strategies.
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- Historic market data
Key Market Segments
By Product Type
- Socks
- Sub type
- Athletic socks
- Dress socks
- Casual socks
- Compression socks
- Specialty socks
- Stockings
- Sub type
- Pantyhose
- Thigh-high stockings
- Knee-high stockings
- Tights
- Sub type
- Opaque tights
- Sheer tights
- Patterned tights
- Others
- Leggings
- Sub type
- Athletic leggings
- Fashion leggings
By Gender
- Women
- Men
By Distribution Channel
- Retail Stores
- Online Retail
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- South Africa
- Saudi Arabia
- Rest of LAMEA
- Key Market Players
- Gildan Activewear Inc.
- Renfro Corporation
- Carolina Hosiery, Inc.
- Hanesbrands Inc.
- CSP International Fashion Group S.p.A.
- 2XU Pty Ltd.
- Adidas AG
- LVMH
- Golden Lady Company SpA
- Spanx, LLC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HOSIERY MARKET, BY PRODUCT TYPE
CHAPTER 5: HOSIERY MARKET, BY GENDER
CHAPTER 6: HOSIERY MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: HOSIERY MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the hosiery market was valued at $40.5 billion in 2022, and is estimated to reach $62.4 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.Hosiery is an apparel that is worn on the feet and legs directly. Originally, the term referred to a category of commodities created or sold by persons known as hosiers; these products are also known as hose. Hosiery items have increased in popularity as a result of the extensive use of knitted materials in the creation of a dizzying array of children's and adults' sporting and formal clothes. During the last several years, they have aroused the curiosity of fabric manufacturers that cater to women's demands for knitted leg garments and stockings. Consumers increasingly see hosiery as an ornamental item that compliments and enriches their whole outfit, rather than just a practical accessory. Buyers are excited and anticipating the industry's ability to quickly incorporate the current fashion trends, from flamboyant and wacky designs to minimalist and refined ones. As designers and producers use cutting-edge technology to seamlessly incorporate elaborate designs and luxury materials, hosiery is no longer confined to the background; it now serves as a vital component of both runway and street fashion. This symbiotic link between hosiery and trends in fashion is sparking a creative renaissance, allowing customers to experiment with new looks while boosting the hosiery sector to new heights.
The hosiery industry is fueled by the rising tide of well-being and health consciousness that is spreading throughout countries. As people place a greater focus on overall health, hosiery items have evolved as a key element in promoting and sustaining healthy lives. The increased demand for specialized hosiery items meant to treat specific health issues reflects this paradigm change. Compression tights, for instance, have achieved widespread popularity due to their beneficial effects in improving blood circulation and relieving leg pain. Furthermore, as people become increasingly aware of the possible health hazards connected with extended prolonged standing or sitting, their demand for ergonomic hosiery that provides comfort and support has increased. This increased awareness of the need of maintaining optimal health has spread to a variety of populations, including athletes and pregnant women looking for performance-enhancing or maternity hosiery, respectively. The hosiery industry has responded to this growing trend by developing fabrics, patterns, and technologies that meet these health-conscious needs. As customers continue to prioritize health and well-being in their purchasing decisions, the hosiery market is positioned for rapid growth, owing to its critical role in improving overall health and convenience.
Traditional notions of hosiery as an essential item are being revised in the present decade as society's standards and fashion preferences alter. The rise of more informal and relaxed wearing standards has resulted in a transition away from formal apparel, which frequently accompanied hosiery. Because of the shifting cultural environment, there is less focus on hosiery as an essential element of everyday attire, particularly in specific demographics and locations. Furthermore, the notion of body positivity and inclusivity has generated a trend toward more comfortable clothes, prompting customers to choose less restricted alternatives. As a result of these altering cultural factors, the popularity of hosiery, which may be seen as constricting or less cozy, faces challenges.
Hosiery is in high demand in the European market due to its unique looks and the comfort gained while using the product. In terms of geographical demand for hosiery products, Germany dominates the market, followed by the UK, France, Spain, and Italy. Increased demand for hosiery products in Europe is majorly attributed to changes in lifestyle and a higher interest in experiencing new products. On the other hand, the decline in free trade plays an essential role in the European market because the UK has left the European Union and therefore the trade agreement has been broken, affecting import and export rates.
The hosiery market is segmented into product type, gender, distribution channel, and region. By product type, the market is classified into socks, stockings, tights, and leggings. As per gender, the market is classified into men and women. By distribution channel, the market is classified into retail stores and online retail. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, UAE, Saudi Arabia, and rest of LAMEA).
Players operating in the global hosiery market have adopted various developmental strategies to expand their hosiery market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Hanesbrands Inc., CSP International, LVMH, Jockey International, Gildan Activewear, L brands, Golden Lady SpA, Spanx, Inc., Renfro Corporation, and Carolina Hosiery Mills, Inc.
Key findings of the study
On the basis of product type, socks segment dominated the hosiery industry in 2022 and is expected to retain its dominance throughout the forecast period.On the basis of gender, the men segment dominated the global market in 2022 and is expected to retain its dominance throughout the forecast period.
On the basis of distribution channel, the retail stores segment dominated the global market in 2022 and is expected to retain its dominance throughout the forecast period.
Region wise, North America region accounted for the highest hosiery market share in 2022.
Companies Mentioned
- Gildan Activewear Inc.
- Renfro Corporation
- Carolina Hosiery, Inc.
- Hanesbrands Inc.
- CSP International Fashion Group S.p.A.
- 2XU Pty Ltd.
- Adidas AG
- LVMH
- Golden Lady Company SpA
- Spanx, LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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