The market for hosiery products is growing with the expansion of this Industry Sector Worldwide. Fact.MR has added a new report titled “Hosiery Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which offer details about the current trends as well as scope for the hosiery products in the near future. This research study also covers information about the production and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the concerned sector is highlighted in the report which indicates a prosperous future.
Hosiery products are knitted fabric that are worn to protect legs from injuries, swelling and cold. Manufacturers in the fitness industry witness considerable demand for hosiery products as it helps in increasing the blood circulation and prevent muscle damage. Apart from fitness industry, consumption of hosiery products extends to healthcare and sports industry. Hosiery products will witness significant demand among the healthcare manufacturers for treatment of led disorders.
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The global hosiery market is expected to witness a steady growth attributed to considerable demand in the healthcare and fitness industry. Consumption of hosiery products is expected to remain high among women in terms of demography. Socks is predicted to witness significant demand in the global market as compared to other products. APEJ is expected to remain a major market for hosiery products globally. Sales of hosiery products that fall in the economic price range is projected to register a significant growth in the global market. The global hosiery market is expected to register a moderate CAGR growth, and will represent a market value of over US$ 65,000 Mn by the end of 2022.
Healthcare Industry to Witness Significant Demand
Apart from being used as a style accessory, hosiery witness significant demand in the healthcare industry. Treatment for varicosities has led to an upsurge in demand for compression hosiery in the healthcare industry. As they are tight and have flexible qualities, healthcare manufacturers witness significant demand for hosiery products. Consumption of hosiery products in healthcare industry is also attributed to increasing treatment of leg disorders such as schlerotherapy treatment. Bound to such factors, the healthcare industry is predicted to fuel growth of the global hosiery market significantly.
Considerable Consumption in the Sports Industry
More than just an apparel, hosiery is used as a high technological equipment in the sports industry. Sportsmen participating in basketball and soccer games are prone to soreness and swelling. Hosiery is expected to witness significant demand among the manufacturers in the sports industry attributed to increasing need for prevention from risk of injury and muscle damage. Consumption of hosiery products are predicted to remain relatively high in the sports industry as it increases the blood flow and removes creatine kinase, which is an enzyme that leaks due to muscle damage.
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Fitness Industry to Fuel Growth of the Global Market
Growing need for enhanced blood circulation and performance has led to an upsurge in demand for hosiery among manufacturers in the fitness industry. Athletes and fitness professionals prefer wearing compression hosiery over cotton socks as they can cause blisters and trap moisture. Such factors are likely to impact growth of the global hosiery market positively during the predicted period.
Women to Represent a Leading Segment
Socks is expected to register the highest growth in the global hosiery market, representing a value of more than US$ 5,000 Mn by the end of 2022. Stockings is predicted to witness the second highest growth in terms of value in the global market. APEJ is expected to remain the largest market for hosiery products throughout 2022. Body stockings among other products is expected to register the highest CAGR growth, followed by compression stockings.
Consumption of hosiery products among women is expected to remain high throughout the forecast period. In terms of demographics, the women segment is predicted to register the highest revenue growth by the end of 2017. This segment is expected to represent a value of more than US$ 7,800 Mn in the global market by 2017–end. The men segment is expected to register the highest CAGR among other demographics in APEJ, followed by the women segment.
Hosiery products that range in the economic price range register the highest growth in terms of revenue in the global hosiery market by 2022–end. Economic price range among others is expected to represent a value of more than US$ 9,200 Mn in the global market during the predicted period. Sales of mid-price ranged products is expected to represent the second highest growth in terms of revenue by the end of 2022. However, the super-premium price range products is expected to register the highest CAGR in Europe throughout 2022.
Competition Tracking
The report has also profiled leading players in the global hosiery market, which include Hanesbrands Inc., Gildan Activewear Inc., CSP International Fashion Group S.p.A., L Brands, Inc., Golden Lady Company S.p.A., Jockey International, Inc., Wolford Aktiengesellschaft, Nordstrom, Inc., adidas AG, and Spanx, Inc.
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