Hosiery Market will multiply at an impressive CAGR of 3.5% | Top Key Players: CSP International Fashion Group S.p.A., Gildan Activewear Inc., Hanesbrands Inc., Golden Lady Company S.p.A., Wolford AG, Donna Karan New York, Trerè Innovation Srl, Carolina H

Based on gender, the global hosiery market has been segmented into male and female. Among these segments, the women segment is expected to reach USD 13,581.0 Million during the forecast period as compared to USD 10,043.3 Million in 2016. This segment is anticipated to flourish at a CAGR of 4.0% over the forecast period. Further, global women hosiery market is projected to achieve Y-o-Y growth rate of 4.7% in 2024 as compared to previous year. This factor is envisioned to strengthen the growth of global hosiery market.

The global market for hosiery is expected to flourish at a CAGR of 3.5 % over the period 2016-2024. Factors such as growing brand awareness among consumers and increasing number of internet users across all regions and rapidly growing e-commerce business are major factors which are augmenting the growth of global hosiery market. Further, the changing lifestyle and demographic factors that are bringing changes in demand patterns for hosiery is estimated to boom global hosiery market by noteworthy revenue by the end of 2024.

In the regional segment, Europe was the largest region to hold the market share of 39.7% in 2016 and is slated to account for a leading share of 35.3%in global hosiery market by the end of 2024. North America was the second largest region in the market in year 2016 to hold the market share of 31.4% and is estimated to garner 33.3% of the total market share by the end of 2024. The market share of Asia Pacific is expected to witness lucrative growth by registering a CAGR of 5.6% over the period 2017-2024. Further, the market is expected to account USD 9,546.1 Million by 2024 as compared to USD 6,245.4 Million in 2016.

Growing Demand for Athletic Hosiery

Factors such as growing brand awareness, improving living standards of population, rising disposable income and development of advanced fabrics that are extremely soft, fresh, comfortable etc. are anticipated to be the dynamic factors behind the growth of global hosiery market over the forecast period.

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With the rapid increase in fitness consciousness amongst the female population is envisioned to intensify the growth of global hosiery market in the near future. The adoption of hosiery amongst female population during workout is also expected to escalate the growth of global hosiery market. Followed by increasing fashion awareness among working women population, the market for fashion apparel is anticipated to bolster the growth of the market globally.

Moreover, the increasing adoption of hosiery among men during work out and sports are also enhancing the growth of the market in developed countries.
However, presence of low quality products and low demand for hosiery in summers is likely to hinder the growth of hosiery market in upcoming years.
The report titled “Global Hosiery Market Outlook: Industry Analysis & Opportunity Evaluation 2016-2024” delivers detailed overview of the global hosiery market in terms of market segmentation by product type, by gender, by price, by distribution channel and by region.

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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the global hosiery market which includes company profiling of CSP International Fashion Group S.p.A., Gildan Activewear Inc., Hanesbrands Inc., Golden Lady Company S.p.A., Wolford AG, Donna Karan New York, Trerè Innovation Srl, Carolina Hosiery, Fox River Mills Inc. and Parker Legwear Inc.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global hosiery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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