Hosiery Market to Grow with a CAGR of 4.6% through 2029

Technological advancements in manufacturing and changing fashion trends are driving the Global Hosiery Market in the forecast period

According to TechSci Research report, “Hosiery Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Hosiery Market stood at USD 42.54 Billion in 2023 and is anticipated to grow with a CAGR of 4.6% in the forecast period through 2029.

One of the primary drivers of the global hosiery market is the ever-changing landscape of fashion trends and style preferences. Hosiery, encompassing a variety of legwear such as stockings, tights, and socks, is a versatile accessory that can be adapted to suit different fashion statements. As consumers seek to express their individuality through clothing, the demand for diverse hosiery options continues to grow. Fashion-conscious consumers often follow trends set by influencers, celebrities, and designers, driving the market to introduce new designs, materials, and styles. The cyclical nature of fashion trends ensures that hosiery remains a relevant and dynamic segment within the broader fashion industry.

One of the primary challenges facing the global hosiery market is the level of competition and market saturation. The market is inundated with a multitude of brands offering a wide range of hosiery products, from basic everyday essentials to high-end designer collections. This saturation can lead to price wars, making it difficult for brands to differentiate themselves solely based on product features. As a result, maintaining brand loyalty becomes challenging, and consumers may choose products based on price rather than brand reputation or quality. Differentiation through innovative designs, materials, or sustainable practices becomes crucial for brands to stand out in a crowded marketplace.

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The Global Hosiery Market is segmented into type, category, distribution channel, regional distribution and company.

Based on category, The global hosiery market is experiencing surge in demand from the women's segment, reflecting shifting societal norms, fashion trends, and evolving consumer preferences. Women, now more than ever, are embracing hosiery as a versatile fashion accessory that not only enhances style but also offers comfort and functionality. With an increasing focus on self-expression and body positivity, hosiery has become a staple in the wardrobes of women across various age groups and demographics. Moreover, the proliferation of online shopping platforms and social media influencers has facilitated greater accessibility and awareness of hosiery options, empowering women to explore a diverse range of styles, colors, and textures. Additionally, the growing emphasis on sustainability and eco-conscious fashion has prompted consumers to seek out hosiery brands that prioritize ethical manufacturing practices and use eco-friendly materials, further driving the demand for women's hosiery in the global market.

Based on region, Europe has emerged has the fastest-growing region in the global hosiery market due to several factors. The region's strong fashion culture, coupled with the influence of major fashion capitals like Paris, Milan, and London, drives high demand for stylish and premium hosiery products. European consumers are increasingly interested in high-quality, comfortable, and sustainable hosiery, leading to a surge in demand for innovative and eco-friendly materials. The growing emphasis on athleisure and casual wear in Europe has also contributed to the rising popularity of hosiery, especially among younger demographics. Additionally, the aging population in Europe has led to increased demand for medical and compression hosiery, further boosting market growth. E-commerce platforms have expanded access to a wide range of hosiery products, catering to diverse consumer preferences across the region. The presence of established brands and the entry of new players offering affordable yet fashionable hosiery have also fueled market expansion. Furthermore, the trend toward personalized and customized hosiery, driven by advancements in textile technology, is gaining traction, enhancing the region's growth potential in the global hosiery market.

Major companies operating in Global Hosiery Market are:

• Spanx, LLC
• Adidas AG
• 2XU Pty Ltd.
• LVMH Group
• Renfro Corporation
• CSP International Fashion Group S.p.A.
• Golden Lady Company SpA
• Gildan Activewear Inc.
• Hanesbrands Inc.
• Carolina Hosiery, Inc.

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“The dominance of e-commerce in the retail landscape has significantly impacted the hosiery market. Online platforms provide consumers with a wide array of hosiery options, enabling them to explore and purchase products with convenience and ease. The shift to online shopping is also accompanied by the rise of influencer marketing, where social media influencers showcase and endorse hosiery products to their followers. This trend has a powerful influence on consumer purchasing decisions, as followers are often inspired by the styling and recommendations of influencers. As a result, hosiery brands are increasingly leveraging influencer partnerships to reach a broader audience and enhance their online presence, driving sales and brand awareness in the digital space”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Hosiery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Socks, Stockings, Tights, Leggings), By Category (Men, Women), By Distribution Channel (Online, Offline), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of Global Hosiery Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hosiery Market.

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