Global Hosiery Market (Women & Men) Report 2021: Market To Reach $ 47.8 Billion By 2026

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DUBLIN – (COMMERCIAL THREAD) – The report “Hosiery (Women and Men) – Global Market Trajectory and Analysis” has been added to ResearchAndMarkets.com offer.

Market to reach $ 47.8 billion by 2026

Hosiery is a multifaceted clothing accessory. The global clothing and textiles industry is one of many industries feeling the repercussions of the indelible impact of the pandemic on daily social and economic life.

A severe global recession, closures and stay-at-home orders, bans on gatherings and social events, working from home, layoffs and widespread holidays, historically high unemployment rates have had a huge impact on the request for all non-essential clothing. With no social gatherings and closed offices and schools, sales of socks and other hosiery declined.

Unlike the majority of hosiery brands that suffered massive losses, private label brands and sports-oriented items performed better. Private labels acquired through continued operations of discounters and supermarkets.

The pandemic has also played an important role in prompting a large number of companies to pay more attention to sustainability and the adoption of eco-textiles. Hosiery companies in various countries invest heavily in environmentally friendly materials and technologies. These hosiery players are imagining new collections built on green materials.

Amid the COVID-19 crisis, the global hosiery market (women and men) estimated at US $ 39.8 billion in 2020, is expected to reach a revised size of US $ 47.8 billion by 2026 , growing at a CAGR of 3.2% during the analysis period. Socks, one of the segments analyzed in the report, is expected to grow at a CAGR of 3.3% to $ 33.2 billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Sheer Hosiery & Tights segment is readjusted to a revised CAGR of 2.9% for the next 7 year period. This segment currently represents a 33.5% share of the global hosiery market (women and men). Sock brands are entering the realm of e-commerce and partnering with online retailers, retailers and other businesses to drive sales.

In addition, various players are coming up with new offerings such as sanitized antibacterial yarns, biologics and flexible elastic socks without compression to attract customers. Sock brands offer blood pressure and diabetes socks to expand their customer base. As the COVID-19 pandemic forced people to spend more time indoors due to working and distance learning, comfortable clothing has become a major trend in work clothing.

The emergence of a casual dress code hampered the demand for sheer stockings. In recent years, pantyhose in different colors, patterns and styles have proliferated as designers scrambled to take advantage of the opportunities that prevailed in the market, amid the growing image of pantyhose as a regular accessory.

The US market is estimated at $ 6.8 billion in 2021, while China is expected to reach $ 8.6 billion by 2026

The hosiery market (women and men) in the United States is estimated at US $ 6.8 billion in 2021. The country currently accounts for 16.94% of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 8.6 billion in 2026, with a CAGR of 4.3% during the analysis period.

Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 1.4% and 2.3% respectively over the period of analysis. In Europe, Germany is expected to grow by around 2.6% CAGR while the rest of the European market (as defined in the study) will reach $ 9 billion by 2027.

China is rapidly becoming one of the world’s leading hosiery producing countries. The country derives its competitive advantage from cheap labor, favorable government regulations, and the easy availability of low-cost raw materials, among others.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of Covid-19 and an impending global recession

  • 2020: a year of disruption and transformation

  • As the race between the virus and vaccines intensifies, where is the global economy heading in 2021?

  • The clothing and textile industry is feeling the repercussions

  • Impact on the hosiery industry

  • Sock brands focus on accelerating recovery as restrictions ease

  • Tights to maintain the status quo as an essential base and gain patterned options

  • Hosiery: an introduction

  • A trip to the past

  • Classification of hosiery

  • Socks

  • Hosiery / Transparent tights

  • Tights / Opaque

  • Support hosiery

  • Competitive landscape

  • Remarkable strategies

  • Recent market activity

  • Brands of the world

2. FOCUS ON SOME PLAYERS (Total 298 featured)

  • Donna Karan International

  • Gildan Sportswear Inc.

  • Hanesbrands, Inc.

  • Iconix brand group, Inc.

  • Kayser-Roth Company

  • L Brands

  • Sculptz, Inc.

  • Trere Innovation srl

  • Wolford AG

3. MARKET TRENDS AND FACTORS

  • Hosiery innovations and advancements drive growth

  • The hosiery market is going green with the rise of sustainable and biodegradable offers

  • Pandemic accelerates progress towards sustainability in the hosiery industry

  • Consumer Awareness Boosts Trend Towards Sustainable Yarns In Sock Manufacturing

  • Brands develop eco-friendly and sustainable tights to avoid waste

  • Manufacturers Focus on High Performance Yarns for Improved Products

  • Luxury hosiery on the run

  • Socks for older, taller consumers offer significant growth potential

  • Industry witnesses rekindled interest in see-through hosiery

  • Tights: a trend from old style to new

  • Mesh, vibrant colors and sequins mark the hottest trends in the pantyhose arena

  • Fishnet stockings to stay on for a long time

  • Bridal hosiery: a niche segment

  • Maternity hosiery offers lucrative growth opportunities

  • High Performance Socks Market Shows Growing Participation

  • Consumers are warming to quirky sock designs and patterns

  • Smart Socks: an emerging category

  • Sports socks show strong growth

  • Socks above the knee create a stir

  • Skinners: a portable alternative to socks and shoes

  • Support hosiery mixes with trendy hosiery

  • Men’s tights gain support

  • Compression tights are part of the fashion and fitness trend for men

  • Athleisure hosiery: the perfect blend of athletics and leisure

  • Trend towards “tights under shorts”

  • The hosiery market is witnessing an increase in e-commerce sales

  • Internet penetration and auspicious usage patterns

  • Growing leniency towards digital lifestyles improves online hosiery sales

  • Boom in online services drives growth in subscription box services

  • Favorable demographic trends strengthen market outlook

  • Women: the largest consumer base for hosiery

  • Teenage population: a lucrative demographics

  • Manufacturers focus on millennials to support sales

  • Millennial World Population Facts and Figures: Significant Indicators of Opportunity

  • Rising world population drives demand for clothing and hosiery

  • Booming middle class population drives market growth

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/ukawpd


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