Hosiery (Womens & Mens): A Global Strategic Business Report
San Jose, CA (PRWEB) March 5, 2008
Fashion has become a unique style for each individual. The hosiery business demands strong design, branding, packaging skills and high quality service, in addition to manufacturing skills. Every attire from hat to leg wears flaunts characteristic personality appeal. Each element of the attire consists of renovated trendy versions in the market. Hosiery, a multi-faceted consumer product, is available in varied assortment that goes well with all styles.
Europe and United States dominate the global market, collectively capturing more than 68% of the sales for 2007, as stated by recent reports published by Global Industry Analysts, Inc. Global Socks market, the largest and the fastest growing segment of the hosiery market, is expected to reach US$12.4 billion by 2010. The segment is witnessing a surge of new fabrics made of chenille, angora, acrylic blends and cashmere. The women's Sheer hosiery market has been through a rough patch in the last few years, the market was pulled down by relatively weak demand and growing shift towards bare legs and trousers even for office purpose. Hosiery manufacturing companies continued endeavors for reversing the declining trend through celebrity endorsements and commercial technological advancements. Revival of legwear brands by the fashion trends is giving a boost to the sheer hosiery segment. Corporate wear is gaining ground again following the slow down of dot-com companies that aggressively fostered casual wear. An offshoot of the trend is the increased preference of women towards formal dressing with sheers and even hoses.
United States, the single largest market for hosiery, is expected to reach US$4.5 billion by 2010. Owing to much publicity of costumes with leggings exhibited by designers, retailers, and magazines, women started embracing legwear with footwear. Opaque hosiery and cropped leggings in rich colors occupied the retail market aisles predominantly during 2006. Asia-Pacific is projected to emerge as one of the leading markets for hosiery, growing at the fastest rate worldwide. China is rapidly becoming one of the leading hosiery markets in the world, competing with leading markets including the US and Europe. Economical labor and equipment cost, favorable government regulations and easily available, cheap raw materials are few major growth propellants in the Chinese hosiery market.
The hosiery market has no room for weak newcomers or unsure players. With constant innovation and product introductions to suit the ever changing tastes and preferences of the fashion world and the consumers, it is getting tougher for the all but the best players to stay on the top. Marketers and companies vie with each other in a fiercely competitive landscape to provide the best bargains and greater promotional discounts to customers. Manufacturers are also increasingly offering performance yarns that serve to enhance the quality of knit fabric, which protects against blisters and bacteria and is environmental and skin friendly.
The GIA study profiles major players such as CSP International SpA, Danskin, Donna Karan International, Gold Toe Brands, Inc., Golden Lady SpA, Grupo Synkro, Hanesbrands, Inc., HCI Direct Inc, Kayser-Roth, LVMH, Tefron and Wolford.
The report titled "Hosiery (Womens & Mens): A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of major trends and issues, competitive scenario, major factors influencing the industry, an insight into consumer profile, and distribution channels. The report also analyzes the market for product segments such as socks, sheer hosiery and tights/opaques and enumerates product launches/innovations and recent strategic corporate activity of major market participants.
For more details of this research report please visit http://www.strategyr.com/Hosiery_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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