Press release
Global Hosiery Market Report: Poised to Reach Nearly US$ 65,000 Mn by Revenue 2022-End
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Growing prevalence of leg disorders and injuries has revved up demand for hosiery products across the healthcare industry. In addition, increasing need to prevent muscle damage in the sports industry is predicted to impact growth of the global market of hosiery in the upcoming years. According to a recently published report, the global hosiery market will register a steady CAGR growth during the forecast period, 2017 – 2022.
The global hosiery market is expected to witness a steady growth attributed to considerable demand in the healthcare and fitness industry. Consumption of hosiery products is expected to remain high among women in terms of demography. Socks is predicted to witness significant demand in the global market as compared to other products. APEJ is expected to remain a major market for hosiery products globally. Sales of hosiery products that fall in the economic price range is projected to register a significant growth in the global market. The global hosiery market is expected to register a moderate CAGR growth, and will represent a market value of over US$ 65,000 Mn by the end of 2022.
Considerable Consumption in the Sports Industry
More than just an apparel, hosiery is used as a high technological equipment in the sports industry. Sportsmen participating in basketball and soccer games are prone to soreness and swelling. Hosiery is expected to witness significant demand among the manufacturers in the sports industry attributed to increasing need for prevention from risk of injury and muscle damage. Consumption of hosiery products are predicted to remain relatively high in the sports industry as it increases the blood flow and removes creatine kinase, which is an enzyme that leaks due to muscle damage.
Fitness Industry to Fuel Growth of the Global Market
Growing need for enhanced blood circulation and performance has led to an upsurge in demand for hosiery among manufacturers in the fitness industry. Athletes and fitness professionals prefer wearing compression hosiery over cotton socks as they can cause blisters and trap moisture. Such factors are likely to impact growth of the global hosiery market positively during the predicted period.
Women to Represent a Leading Segment
Socks is expected to register the highest growth in the global hosiery market, representing a value of more than US$ 5,000 Mn by the end of 2022. Stockings is predicted to witness the second highest growth in terms of value in the global market. APEJ is expected to remain the largest market for hosiery products throughout 2022. Body stockings among other products is expected to register the highest CAGR growth, followed by compression stockings.
Consumption of hosiery products among women is expected to remain high throughout the forecast period. In terms of demographics, the women segment is predicted to register the highest revenue growth by the end of 2017. This segment is expected to represent a value of more than US$ 7,800 Mn in the global market by 2017–end. The men segment is expected to register the highest CAGR among other demographics in APEJ, followed by the women segment.
Competition Tracking
The report has also profiled leading players in the global hosiery market, which include Hanesbrands Inc., Gildan Activewear Inc., CSP International Fashion Group S.p.A., L Brands, Inc., Golden Lady Company S.p.A., Jockey International, Inc., Wolford Aktiengesellschaft, Nordstrom, Inc., adidas AG, and Spanx, Inc.
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Table of Content
1. Global Hosiery Market - Executive Summary
2. Global Hosiery Market Overview
2.1. Introduction
2.1.1. Global Hosiery Market Taxonomy
2.1.2. Global Hosiery Market Definition
2.2. Global Hosiery Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Hosiery Market Y-o-Y Growth
2.3. Global Hosiery Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Hosiery Market Analysis and Forecast By Product Type
3.1. Global Hosiery Market Size and Forecast By Product Type, 2012-2022
3.1.1. Body Stockings Hosiery Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Compression Stockings Hosiery Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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