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The US hosiery market size is forecast to increase by USD 3.46 billion at a CAGR of 4.36% between 2023 and 2028. The market is thriving, propelled by a combination of factors, including the robust demand for designer and soft products, driving manufacturers to innovate and expand their portfolios. This expansion is fueled by advancements in product design and technology, catering to specific needs and preferences. With consumers increasingly seeking socks for various purposes, the market experiences sustained growth as it continues to evolve to meet these demands. The market experiences a surge in demand, driven by factors such as consumer preference for patterned over-the-knee socks and the adoption of advanced technologies like laser and ultrasonic techniques for enhanced product quality. With a large base of consumers inclining towards online shopping, e-commerce platforms offer convenient shopping features, such as hassle-free returns and free delivery, contributing to the boost in demand. This easy availability and seamless shopping experience further amplify the market growth trajectory. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 to 2022.
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The market is evolving rapidly, influenced by trends in fashion and lifestyle and growing consumer demands for comfortable dressing. Modern one-piece garments, apparel, and footless tights are popular among new generations seeking both style and practicality. Innovations in textile materials include anti-bacterial sanitized yarn and biodegradable yarn, catering to modern class consumers who prioritize sustainability. Products like seven denier sheer stockings and 60 denier pantyhose offer a range of aesthetic appearances, while biodegradable tights collection reflects a shift towards eco-friendly fashion. Soft stretchable elastic socks and non-compression designs provide comfort and functionality for the working population. Retailers and e-tailers are responding with trendy outfits and a diverse range of colors, enhancing the appeal of hosiery in e-commerce retail stores. The inclusion of absorbent layers in pads and tampons further reflects innovation, addressing needs related to leaks and comfort. The market continues to grow with fashion and luxury items and practical choices like knee high and thigh high hosiery.
The high demand for designer products and soft products is notably driving the demand for hosiery. Clothing manufacturers create safe, supple, and non-toxic products for all age groups. Companies increasingly use soft and organic commodities for clothing and fashion accessories while adhering to manufacturing safety guidelines. Brands like Sckoon and B Nature are two examples of the many market participants who are renowned for using organic and natural materials.
Further, innovative designer hosiery clothing brands like Paul Smith, Ralph Lauren, Boss, Dior, and Burberry have made a name for themselves in the apparel industry, particularly in the baby clothing and fashion accessory sectors. Designer clothing accessories from the First Impressions and Carter's brands are also on display in department stores like Macy's and others. Despite low-volume sales, this segment will substantially contribute to market revenue due to the substantial demand for premium products in most economies. Thus, such factors are expected to fuel the growth of the market during the forecast period.
The increasing demand for socks in the healthcare industry is an emerging trend in the market. The demand for supportive accessories like socks is rising due to the rising prevalence of chronic diseases like diabetes, arthritis, and many others. These are crucial for maintaining dry feet, lowering the possibility of foot injuries, and enhancing blood flow. The diabetic socks that are currently in the market have gel padding, which can draw moisture, protect the foot from harm, and lessen sensitivity and irritation.
For instance, Silipos Arthritis/Diabetic gel socks protect the feet from callus formation and ulcerations. Silipos is one of the major companies in the gel socks market. The socks cost USD 21.75 and are constructed from natural rubber latex, 80% acrylic, 19% nylon, and 1% spandex. Thus, factors like these are expected to fuel the growth of the market during the forecast period.
Changes in trade policies are major challenges impeding US Hosiery market growth. The potential for business growth for suppliers in the market, including socks, is being negatively impacted by shifting trade policies and tariffs caused by shifting political and governing parties in important markets. Trade policy changes have a negative impact on the financial health and operational performance of companies. China, one of the nations making a significant contribution to the market's growth, is home to the majority of the established companies in the US. During the forecast period, changes in China's trade policies and regulations will have a negative impact on companies' business.
Moreover, the COVID-19 pandemic outbreak in China also had an impact on the market. The majority of global suppliers have set up factories in emerging nations like China. Any changes to import tariffs in important nations like the US may result in adjustments to business practices, such as the relocation of production facilities from developing to developed nations. Such factors may result in high expenses for companies, raising the cost of production. Therefore, these factors will hinder the global hosiery market's growth during the forecast period.
The US hosiery market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market trends report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Brown Dog Hosiery - The company primarily manufactures socks such as Betsy socks and Pamlico socks.
The market research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the body stockings segment will be significant during the forecast period. This is primarily because hosiery, such as body stockings, has been a fashion statement in women's apparel for decades. As this trend is expected to continue, the market segment is expected to witness growth during the forecast period.
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The body stockings segment was valued at USD 3.65 billion in 2018. The demand for body stockings for convenience is rising along with the increasing number of working women and an increase in disposable income. Additionally, during the forecast period, the availability of body stockings from retail outlets and the introduction of biodegradable body stockings are anticipated to spur market expansion.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The market encompasses a wide range of garments designed for the legs and feet, including stockings, pantyhose, tights, socks, leggings, garter belts, and more. These garments are primarily made from fabrics such as Nylon, Spandex, and Cotton, known for their elasticity, comfort, and warmth. Hosiery has become a wardrobe essential for both Women and Men, serving various purposes. For women, hosiery is often used for fashion purposes and as an aesthetic addition to outfits. For men, hosiery provides comfort and functionality, especially in the form of socks and leggings. The market for hosiery has been experiencing significant growth due to several factors. The impetus for this growth comes from the increasing spending power of consumers, particularly Millennials, who prioritize grooming and fashion. Shopping malls, hypermarkets, specialty stores, and online retail stores have made hosiery easily accessible to consumers. Hosiery comes in various forms, including one-piece garments, thigh-high, knee-high, and hold-ups.
Moreover, fabrics like Nylon and Spandex offer elasticity and comfort, while Cotton provides a natural feel. Hosiery also includes garter belts, waistbands, and leg warmers. The hosiery market is segmented by product type, fabric type, distribution channel, and gender. The Women segment dominates the market due to the greater demand for fashionable and functional hosiery. However, the Men segment is also growing rapidly due to the increasing popularity of socks, leggings, and other hosiery products among men. In conclusion, the hosiery market is a dynamic and growing industry, driven by consumer preferences, fashion trends, and the availability of various products and distribution channels. With the increasing focus on comfort, functionality, and aesthetics, the future of the hosiery market looks promising.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.36% |
Market growth 2024-2028 |
USD 3.46 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.11 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
View the US Hosiery Market Forecast Report PDF sample
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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