NEW
YORK, July 18, 2024 /PRNewswire/ -- The hosiery
market size in US is estimated to grow by USD 2.99 billion from 2023-2027, according
to Technavio. The market is estimated to grow at a CAGR of
3.95% during the forecast period. High demand for designer products
and soft products is driving market growth, with a trend towards
increasing demand of socks in healthcare industry. However, changes
in trade policies poses a challenge. Key market players
include Acme McCrary Corp., Atlantic Hosiery, Brown Dog Hosiery,
Carolina Hosiery Inc. , Crescent Sock Co., For Bare Feet LLC,
Gildan Activewear SRL, Mayo Knitting Mill Inc., Nester Hosiery,
Renfro Corp., Scottish Kilt, SHM Socks, Spanx LLC, Tamara Hosiery
Co., Twin City Knitting Co., VIDA Enterprise Corp., and Wells
Hosiery and Apparel USA.
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Hosiery Market In US
Scope
|
Report
Coverage
|
Details
|
Base year
|
2022
|
Historic
period
|
2017 - 2021
|
Forecast
period
|
2023-2027
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
3.95%
|
Market growth
2023-2027
|
USD 2992.99
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
3.57
|
Regional
analysis
|
US
|
Performing market
contribution
|
North America at
100%
|
Key
countries
|
US
|
Key companies
profiled
|
Acme McCrary Corp.,
Atlantic Hosiery, Brown Dog Hosiery, Carolina Hosiery Inc. ,
Crescent Sock Co., For Bare Feet LLC, Gildan Activewear SRL, Mayo
Knitting Mill Inc., Nester Hosiery, Renfro Corp., Scottish Kilt,
SHM Socks, Spanx LLC, Tamara Hosiery Co., Twin City Knitting Co.,
VIDA Enterprise Corp., and Wells Hosiery and Apparel USA
|
Market Driver
The hosiery market in the US is experiencing growth due to the
rising prevalence of chronic conditions such as diabetes and
arthritis. These health issues necessitate the use of supportive
accessories like socks to maintain foot health. Diabetic socks,
specifically, are in high demand due to their ability to keep feet
dry, prevent injuries, and enhance blood circulation. One notable
example is the Silipos Arthritis/Diabetic gel socks, which utilize
gel padding to protect against callus formation and ulcerations.
Made from natural rubber latex, 80% acrylic, 19% nylon, and 1%
spandex, these socks retail for USD21.75. This product from Silipos, a leading
vendor in the gel socks segment, is anticipated to fuel market
expansion throughout the forecast period.
The hosiery market encompasses various leg and foot garments
like stockings, pantyhose, tights, socks, leggings, and garter
belts. Nylon and Spandex are popular fabrics due to their
elasticity and comfort. Trends include body stockings, knee highs,
thigh highs, and one piece garments. Both men and women segments
have impetus for hosiery, with millennials and the working
population driving spending power. Hosiery serves fashion purposes
and is a wardrobe essential for aesthetic appearance and grooming.
Specialty stores and online retailers offer a wide range of colors
and styles, including non-compression options. Fabrics like cotton
and organic commodities cater to consumer preferences. Hypermarkets
and shopping malls also house hosiery sections. Overall, hosiery
continues to be an important category for fashion and
lifestyle.
Discover 360° analysis of this market. For
complete information, schedule your consultation - Book
Here!
Market Challenges
- The hosiery market, including socks, is experiencing challenges
due to changing trade policies and tariffs in prominent markets.
These shifts, brought about by new ruling and political parties,
are negatively impacting vendors' financial conditions and results
of operations. Many established hosiery vendors in the US have
headquarters in China, a
significant contributor to the market's growth. However,
regulations and trade policies in China may adversely affect these vendors
during the forecast period. Moreover, the COVID-19 pandemic
outbreak in China further
complicated the situation. International vendors have production
plants in developing countries like China to reduce costs. Alterations in import
tariffs in major markets, such as the US, could lead to relocating
production units from developing to developed countries, resulting
in increased production costs for vendors. Overall, these factors
may hinder the growth of the hosiery market during the forecast
period.
- The hosiery market faces several challenges in the areas of
aesthetic appearance and comfort for both men and women. Body
stockings, knee highs, hold ups, and leg warmers require a balance
between fashion and functionality. Specialty stores and online
retailers cater to various needs, including non-compression options
for the working population and organic commodities. Colors and
trends are essential, with leaks requiring absorbent layers for
tampons and pads. New generations seek eco-friendly,
ladder-resistant, and biodegradable tights collections made from
biodegradable yarns. Modern consumers prioritize comfortable
dressing and trendy outfits, while retailers and e-tailers offer a
wide range of textile materials, including 60 denier pantyhose and
footless tights above the knee.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This hosiery market in US report extensively covers market
segmentation by
- Product
- 1.1 Body stockings
- 1.2 Socks
- 1.3 Knee highs
- 1.4 Hold-ups
- 1.5 Others
- Distribution Channel
- Geography
1.1 Body stockings- The hosiery market,
specifically body stockings, has experienced significant growth due
to increasing numbers of working women and rising disposable
income. This trend is driven by the convenience and fashionable
appeal of body stockings. Additionally, the introduction of
eco-friendly, biodegradable body stockings and their easy
availability at retail outlets are anticipated to further boost
market expansion during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data
(2017-2021) - Download a Sample Report
Learn and explore more about Technavio's in-depth research
reports
The global Ecommerce Fulfillment Service market is experiencing
significant growth, driven by the surge in online shopping and
demand for efficient, timely delivery services. Key players focus
on automation, advanced warehousing solutions, and last-mile
delivery innovations to enhance customer satisfaction.
The global Intimate Apparel market is expanding due to
increasing consumer preference for comfort and style. Major brands
are emphasizing product diversity, sustainable materials, and
inclusive sizing. Innovations in fabric technology and growing
e-commerce penetration are key drivers of market growth.
Research Analysis
Hosiery refers to garments designed for the legs and feet,
including stockings, pantyhose, tights, socks, leggings, and body
stockings. These garments come in various materials such as nylon,
Spandex, and cotton, known for their elasticity, comfort, and
warmth. Hosiery is available in various styles and lengths,
including knee-highs, hold-ups, and leg warmers, catering to both
men and women. Specialty stores and online retailers offer a wide
range of colors and innovative designs, including organic
commodities. The working population relies on hosiery for
professional attire, while others seek out specialized hosiery for
fitness or fashion purposes. Regardless of the reason, hosiery
continues to be an essential category in the garment industry.
Market Research Overview
The Hosiery Market encompasses a wide range of leg and foot
garments, including stockings, pantyhose, tights, socks, leggings,
and garter belts. Made from various fabrics such as nylon, Spandex,
cotton, and elasticity, these garments offer comfort, warmth, and
elasticity for both men and women. Hosiery is a wardrobe essential
for various fashion purposes, catering to the Women segment and
increasingly to the Men segment. The impetus for hosiery purchase
comes from spending power, shopping malls, hypermarkets, and
specialty stores. Millennials, with their focus on aesthetic
appearance and grooming, are a significant consumer base. Hosiery
comes in various styles, from one-piece garments to thigh-high,
knee-high, and above-the-knee designs. Colors, fabrics, and
innovative features like ladder resistance, biodegradable tights
collection, and organic commodities cater to modern consumers'
preferences. Hosiery serves diverse needs, from fashion and
lifestyle to working population requirements and absorbent layers
for tampons and pads. New generations seek trendy outfits from
e-tailers and retailers, with an increasing focus on eco-friendly
and biodegradable materials.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Body Stockings
- Socks
- Knee Highs
- Hold-ups
- Others
- Distribution Channel
-
- Geography
-
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hosiery-market-size-in-us-is-set-to-grow-by-usd-2-99-billion-from-2023-2027--high-demand-for-designer-products-and-soft-products-boost-the-market-technavio-302199184.html
SOURCE Technavio