Press release
Global Hosiery Market Outlook and Development Analysis Reveals Forecast for the Period 2017-2022
Fact.MR
The scope of Fact.MR’s report is to analyze the global hosiery market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Hosiery garment manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to hosiery.
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Healthcare Industry to Witness Significant Demand
Apart from being used as a style accessory, hosiery witness significant demand in the healthcare industry. Treatment for varicosities has led to an upsurge in demand for compression hosiery in the healthcare industry. As they are tight and have flexible qualities, healthcare manufacturers witness significant demand for hosiery products. Consumption of hosiery products in healthcare industry is also attributed to increasing treatment of leg disorders such as schlerotherapy treatment. Bound to such factors, the healthcare industry is predicted to fuel growth of the global hosiery market significantly.
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.
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Socks to Remain a Leading Segment
Body stockings among other products is predicted to witness a relatively high CAGR growth in the global market of hosiery throughout 2022. Compression stockings is projected to reflect the second highest CAGR growth in the global market of hosiery during the predicted period. Socks among other products is projected to represent the highest revenue growth, representing over US$ 5,000 Mn in terms of value by the end of 2022. The stockings segment will represent the second highest revenue growth among other products in the global market of hosiery by 2022 – end.
Women will represent a leading segment in terms of demographics in the global market. Consumption of hosiery products will remain relatively high among women. This segment will reflect the highest growth in terms of revenue by the end of 2017. However, the men segment is predicted to reflect the highest CAGR in the global market of hosiery throughout 2022. Women among other segments is projected to reflect the second highest CAGR in the global market during the predicted period.
The economic price range products is projected to represent a value of over US$ 9,200 Mn in the hosiery market globally by the end of 2022. This segment is predicted to witness the highest revenue growth in the global market. Mid-range among other price range segment is predicted to reflect the second highest revenue growth by 2022 – end. The super-premium range among other prices will register a relatively high CAGR growth in the global market through 2022.
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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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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