Robust Demand for Comfortable and Stylish Hosiery Drives the Global Hosiery Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) April 07, 2015 -- Follow us on LinkedIn – Over the years, the humble hosiery, also referred to as legwear, has grown to become an important fashion apparel. With the craze for structure and shape enhancement becoming increasingly pronounced in the fashion world, the market for hosiery is witnessing an upswing. Changing lifestyles and demographic factors are bringing about changes in demand patterns for hosiery. Given that the expenditure on accessories such as hosiery is largely determined by factors such as income, family size and education, the rapidly expanding affluent base of middle class population in developing countries bodes well for the market.
Future growth in the market will be driven by innovation in aesthetics as well as functional product features. Poised to witness healthy demand are products with features such as stronger elastics to create appropriate compression to increase blood circulation, anti-cellulite hosiery that help impart sculpted body shape, hosiery with weather-adaptive and supportive features such as silver-based microbial finishes for greater hygiene and comfort. The hosiery market is also moving beyond the traditional black color and sober patterns. Some of the emerging trends that are playing an important role in transforming market dynamics include python print tights, colored tights, striped tights, as well as patterned styles of over-the-knee socks. Apart from this, stirrups tights, dotted prints, lace and mesh, geographical netting, floral v/s fence, bold hued, deep blue sea, as well as geo grid also represent other popular trends in the tights segment. Demand for hosiery products for older and plus-size consumer categories is also expected to witness sturdy growth encouraged by rapidly aging population and increased incidence of obesity worldwide.
As stated by the new market research report on Hosiery (Women and Men), Europe represents the largest market worldwide, followed by the United States. Asia-Pacific represents the fastest growing market with volume sales projected to grow at a CAGR of 5.0% over the analysis period. Relatively low product penetration, large population base, rapid urbanization and westernization of lifestyles, rising disposable income levels, aggressive retail marketing, increasing health and beauty awareness levels, and growing fitness consciousness represent key growth drivers in the region. China represents the largest producer of hosiery in the world with a strong presence in the manufacture of synthetic hosiery products. Segment-wise, Socks represent the largest segment in the hosiery market both in terms of value and volume sales.
Key players covered in the report include CSP International SpA, Golden Lady SpA, Kayser-Roth Corporation, Gildan Activewear Inc., Gold Toe-Moretz, LLC, Hanesbrands, Inc., Iconix Brand Group, Inc., L Brands, LVMH, Donna Karan International, Sculptz, Inc., Trerè Innovation s.r.l., and Wolford AG, among others.
The research report titled “Hosiery (Men and Women): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. Market estimates and projections in Units and Dollars are provided for all major geographical markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Socks, Sheer Hosiery, and Tights/Opaques.
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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