Hosiery Market Research, 2032
The global hosiery market was valued at $40.5 billion in 2022, and is projected to reach $62.4 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
Market Dynamics
Hosiery is an apparel that is worn on the feet and legs directly. Originally, the term referred to a category of commodities created or sold by persons known as hosiers; these products are also known as hose. Hosiery items have increased in popularity as a result of the extensive use of knitted materials in the creation of a dizzying array of children's and adults' sporting and formal clothes. During the last several years, they have aroused the curiosity of fabric manufacturers that cater to women's demands for knitted leg garments and stockings, such factors surge the hosiery market size.
The hosiery industry is seeing substantial expansion, owing primarily to the continually shifting environment of fashion trends. As fashion admirers and customers seek new methods to express themselves, hosiery has evolved as an artistic fashion accessory. The surge in fashion trends, as seen by the ongoing shift and rise of designs, colors, and patterns, has given the hosiery sector a new opportunity for growth. Consumers increasingly see hosiery as an ornamental item that compliments and enriches their whole outfit, rather than just a practical accessory. Buyers are excited and anticipating the industry's ability to quickly incorporate the current fashion trends, from flamboyant and wacky designs to minimalist and refined ones. As designers and producers use cutting-edge technology to seamlessly incorporate elaborate designs and luxury materials, hosiery is no longer confined to the background; it now serves as a vital component of both runway and street fashion. This symbiotic link between hosiery and trends in fashion is sparking a creative renaissance, allowing customers to experiment with new looks while boosting the hosiery sector to new heights, which increases the hosiery market growth.
The hosiery market is becoming more visible, notably in supermarkets and low-cost retailers, which is likely to boost industry growth. Customers who are plus-size or obese are also increasing their need for hosiery goods to look fitter. Furthermore, fitness is an important part of hosiery since individuals between the ages of 30 and 60 years want to appear young and are also involved in exercise and sports activities. The growing emphasis on health and fitness, along with the desire to appear attractive, is likely to fuel hosiery market demand throughout the forecast period.
The growing need for hosiery legwear items among both men and women is likely to drive the hosiery industry. Furthermore, rising awareness of the benefits of hosiery wear, such as fashionable and cozy material, light fabric, smooth and soft quality, versatility, excellent moisture absorption, free airflow that boosts blood circulation, prevents bacterial and fungal infections, and the potential for preventing varicose veins, is projected to increase preference and demand for these products, thereby supporting global market growth.
The product socks in the hosiery industry have grown significantly in recent years, mainly due to an increase in consumer desire for distinctive and attractive socks. Moreover, the development in creative socks manufacturing has been identified as a crucial element in the segment's expansion. A range of variables impacts the sock industry, including customer need for comfort, warmth, and foot protection. Socks have penetrated every part of customers' lives and are utilized in a variety of industries. Furthermore, socks have been used by the healthcare industry to treat diabetes-related foot ailments, as well as by fashion companies to make a fashionable statement.
Furthermore, the development of this market is dependent on moral concerns and ethical manufacturing practices. As a result of consumers' growing knowledge of the environmental effect of their purchases, businesses have placed a greater focus on openness, accountability, and explanation. The use of environmentally friendly materials, ethical labor practices, and non-polluting production procedures are all key issues that have influenced buying decisions across the sector.
Women's growing fashion awareness, along with a preference for versatile accessories, has led to an increase in demand for hosiery products that can be worn with a range of outfits. Fabric and manufacturing technique advances have boosted the convenience and fit of hosiery, enticing buyers to utilize it as a fashion statement. Furthermore, the expanding work-from-home lifestyle has created a demand for comfortable yet fashionable legwear options. The body positivity and inclusiveness movement is also benefiting the hosiery sector, as designers embrace a variety of sizes and designs to appeal to a wider audience. Furthermore, conservation efforts and an evolving trend toward environmentally friendly manufacturing practices are gaining traction, attracting environmentally conscious clients. These characteristics help to grow the women's hosiery market by emphasizing comfort, style, diversity, and conservation.
Traditional notions of hosiery as an essential item are being revised in the present decade as society's standards and fashion preferences alter. The rise of more informal and relaxed wearing standards has resulted in a transition away from formal apparel, which frequently accompanied hosiery. Because of the shifting cultural environment, there is less focus on hosiery as an essential element of everyday attire, particularly in specific demographics and locations. Furthermore, the notion of body positivity and inclusivity has generated a trend toward more comfortable clothes, prompting customers to choose less restricted alternatives. As a result of these altering cultural factors, the popularity of hosiery, which may be seen as constricting or less cozy, faces challenges.
Segmental Overview
The hosiery market forecast into product type, gender, distribution channel, and region. By product type, the market is classified into socks, stockings, tights, and leggings. As per gender, the market is classified into men and women. According to distribution channel, the market is classified into retail stores and online retail. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, UAE, Saudi Arabia, and rest of LAMEA).
By Product Type
According to product type, the socks segment dominated the market in 2022, and is expected to sustain its market share during the forecast period. The increased need for effective and efficient fabric care solutions in both household and business settings is propelling upright hosiery sales. Upright hosiery are a strong and adaptable way to remove wrinkles and freshen a variety of materials, including clothes, curtains, and upholstery. They are especially popular among those who have a great amount of clothing or who frequently work with delicate materials that require cautious steaming. Furthermore, upright hosiery frequently includes adjustable settings and numerous attachments, allowing customers to tailor the steaming process to their unique needs.
By Gender
According to the gender, the women segment dominated the market in 2022 and is expected to sustain its market share during the forecast period. There is an increase in the demand for leg and foot garments among women owing to changes in lifestyle and an increase in disposable income. Women's growing fashion awareness, along with a preference for versatile accessories, has led to an increase in demand for hosiery products that can be worn with a range of outfits.
By Distribution Channel
According to the distribution channel, the retail stores segment dominated the market in 2022 and is expected to sustain its market share during the forecast period, owing to the integration of technology, with merchants employing self-checkout counters, augmented reality trial rooms, and personalized suggestions to enhance the shopping experience, which is impacting retail outlet expansion.
By Region
According to the region, Asia-Pacific dominated the hosiery market in 2022 and is expected to be dominant during the forecast period. Fabric care appliances are witnessing important shifts in the marketplace that impact their development and potential in Asia-Pacific nations. Fabric care appliances are in high demand because of rising discretionary income and shifting habits among consumers in the region. More families are embracing sophisticated fabric care technologies to satisfy their clothing maintenance demands as economies expand and urbanization develops. Furthermore, as the middle class grows and there is a greater emphasis on personal hygiene and fashion, customers are looking for effective and cost-efficient hosiery to protect the durability and look of their apparel.
Competition Analysis
Players operating in the global hosiery market have adopted various developmental strategies to expand their hosiery market share, increase profitability, and remain competitive in the market. Key players profiled in this report include Hanesbrands Inc., CSP International, LVMH, Jockey International, Gildan Activewear, L brands, Golden Lady SpA, Spanx, Inc., Renfro Corporation, and Carolina Hosiery Mills, Inc.
Recent Development in the Hosiery Market
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hosiery market analysis from 2022 to 2032 to identify the prevailing hosiery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hosiery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hosiery market trends, key players, market segments, application areas, and market growth strategies.
Hosiery Market Report Highlights
| Aspects | Details |
 Market Size By 2032 | USD 62.4 billion |
 Growth Rate | CAGR of 4.5% |
 Forecast period | 2022 - 2032 |
 Report Pages | 300 |
 By Product Type |
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 By Gender |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | 2XU Pty Ltd., Carolina Hosiery, Inc., Gildan Activewear Inc., Renfro Corporation, Adidas AG, Spanx, LLC, Hanesbrands Inc., CSP International Fashion Group S.p.A., Golden Lady Company SpA, LVMH |
Analyst Review
According to the CXOs, the hosiery market is expected to develop and evolve in the coming years. The growing customer tastes toward fashion-forward and multipurpose accessories will increase hosiery product demand across several demographics. Market experts and designers see the possibility for creative designs, materials, and production processes to improve comfort and style, persuading customers to include hosiery in their regular outfits. The major focus of the market players is maintaining sustainability, with many emphasizing the significance of adopting eco-friendly practices in line with the rising trend of conscientious purchasing.
Furthermore, the CXOs state that the incorporation of technological advances, such as smart textiles and digital platforms, will transform the hosiery market by providing better capabilities and personalization choices. The industry experts consider that the hosiery market is well-suited for a dynamic and exciting future by adopting trends in fashion, sustainability, and technical improvements.
Rise in fashion trends in individuals are the upcoming trends of Hosiery Market in the world
Socks is the leading application of Hosiery Market
North America is the largest regional market for Hosiery
The hosiery market size was valued at $40,520.5 million in 2022 and is projected to reach $62,395.7 million by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
Key players profiled in this report include Hanesbrands Inc., CSP International, LVMH, Jockey International, Gildan Activewear, L brands, Golden Lady SpA, Spanx, Inc., Renfro Corporation, and Carolina Hosiery Mills, Inc.
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