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The hosiery market is witnessing new demand propositions in the emergence of specialized hosiery. The use of compression stockings in the healthcare industry is a case in point. Compression hosiery is worn around feet and the category is fast gaining popularity in the management of a range of venous disorders and prevent formation of blood clots in lower legs. Hosiery products are recommended to treat a range of serious medical conditions such as deep vein thrombosis, varicose veins, edema, and phlebitis. The growing demand for hosiery worn as knee-high compression stockings underpins lucrative avenues in the hosiery market. The rising uptake of this new category in the fitness industry is also contributing substantial revenues to the global hosiery market.
Hosiery refer to wide array of garments worn directly around feet and over legs for a variety of purposes such as for protection, comfort, aesthetics, and health benefits. The hosiery market has been witnessing new growth trajectories from their demand in meeting new consumers’ needs coming from the fitness and healthcare industries. Hosiery garments are seeing new demand proposition across demographics, driven by dynamics of fashion and style, comfort and convenience, and protection and therapeutics.
Additional Questions Answered
The study offers answers to several pertinent questions on the hosiery market dynamics and sheds lights on key aspects, including but not limited to:
- Which consumer trends will keep the demand for hosiery attractive for men?
- What factors influence the burgeoning uptake of hosiery in the fitness and sports industry?
- What are recent innovations in the hosiery market that will account for the lucrative demand for compression hosiery in worldwide populations?
- Which factors will bolster the rapidly rising demand for hosiery in APEJ?
- What is prospect of super-premium price range products in the hosiery market?
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The products in the economic price range in the hosiery market is anticipated to garner the most attractive CAGR during 2017??"2022. By the end of 2022, the opportunities in the hosiery market for economic price range products is expected to reach US$9,200 Mn. This will be followed by mid-range and super-premium range hosiery.
On the regional front, Asia Pacific excluding Japan (APEJ) is expected to be the major market for hosiery throughout the assessment period. The growth of the APEJ market for hosiery is also propelled by the extensive demand for socks and stockings. The rapidly rising demand for various hosiery products for men is bolstering the growth of this regional market. The substantially rising demand for compression stockings as an attractive category of hosiery market is also cata lyzing the growth of the APEJ market. On the other hand, the promising demand for super-premium price range hosiery products in Europe will make this a promising regional market.
A growing number of apparel manufacturers in the global hosiery market are focused on improving the quality fabric for enhancing the product performance. Prominent names in the hosiery market include Wolford Aitken Gesell shaft, Jockey International, Golden Lady Company, L Brands, Gildan Active wear, and Hanesbrands.
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