March 31, 2020

Hosiery Market Is Expected To Projected Worth US$ 43.42 Bn By 2025

According to a new market report published by Credence Research Inc., “Hosiery Market – Growth, Future Prospects, Competitive Analysis, 2017 – 2025”, the global hosiery market was valued at US$ 29.73 billion in 2016 and is projected to reach US$ 43.42 billion by 2025, increasing to CAGR by 4.3 per cent from 2017 to 2025.

Market Insights:

The global hosiery market is growing due to growing concerns about personal appearance and grooming. In addition, shifting the retail format to the hypermarket and supermarket enables consumers to select and compare products according to their preferences, which, in turn, fuel the sale of hosiery products. In addition, the e-commerce sector has seen robust growth in the recent past, making it easy for consumers to compare hosiery products online. The global e-commerce industry amounted to approximately US$ 22 billion in 2016 and is expected to see strong growth during the forecast period. Hosiery products are also projected to witness high sales volume growth through e-commerce platforms.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/hosiery-market

Increased prices of raw materials pose challenges to the hosier industry. Growing consumer awareness of the quality and price of different products as a result of increasing access to different retail formats and online platforms gives consumers a choice of alternatives. Furthermore, increasing consumer demand for high quality products at cheaper prices is expected to pose challenges for hosiery manufacturers. Increased raw material prices reduce producers ‘ profit margins. Moreover, intense competition between global and regional players restricts hosiery manufacturers to raise prices for their products, which in turn restricts new investment in expanding the production capacity of hosiery products.

Competitive Insights:

The market is highly fragmented in nature. The presence of large well established and regional manufacturers makes the market highly competitive. They compete on the basis of product differentiation and pricing.

Some of the major players of the market are Hanesbrands, Golden Lady; Gilden Activewear; CSP International; Kayser-Roth; Gold Toe-Moretz, LLC; Donna Karan International; Wolford; Tefron USA; HCI Direct Inc.; Triumph Apparel Corporation; and Grupo Synkro among others.

Key Trends:

  • Emerging economies offers huge untapped market potential
  • Advancement in technologies provide huge market opportunities
  • High competition due to growing international trade

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58258

[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Market Segmentation

By Product Type

  • Socks
  • Tights
  • Leggings
  • Pantyhose
  • Others (stockings, warmers among others)

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58258

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