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Hosiery Market : Industry Analysis, Opportunity Assessment and Forecast upto 2025 - Credence Research
Browse the full report at http://www.credenceresearch.com/report/hosiery-market
Market Insights:
The global hosiery market is witnessing growth due to rising concern about personal appearance and grooming. Furthermore, shift in retail format to hypermarket and supermarket is allowing consumers to select and compare products according to their preferences which in turn is fueling the sales of hosiery products. Besides this, ecommerce sector has witnessed robust growth in the recent past, which is providing easy access to the consumers to compare hosiery products online. The global ecommerce industry was approximately US$ 22 Trillion in 2016 and anticipated to witness strong growth during the forecast period. Thus, hosiery products are also projected to witness high growth in sales volume through ecommerce platforms.
Increasing raw material prices is imposing challenges to the hosiery industry. Growing consumer awareness towards the quality and prices of various products due to growth in access to various retail formats and online platforms is providing consumers with choice of alternatives. Further, increasing consumer demand for high quality products at cheaper prices is projected to impose challenges for the hosiery products manufacturers. Increasing prices of raw material is shrinking the profit margins of manufacturers. Moreover, intense competition among global and regional players is restricting hosiery manufacturers to increase prices for their products which in turn is restricting new investment for expansion of production capacity of the hosiery products.
Competitive Insights:
The market is highly fragmented in nature. The presence of large well established and regional manufacturers makes the market highly competitive. They compete on the basis of product differentiation and pricing. Some of the major players present in this market are Hanesbrands, Golden Lady, Gilden Activewear, CSP International, Tefron and Wolford AG among others.
Key Trends:
Emerging economies offers huge untapped market potential
Advancement in technologies provide huge market opportunities
High competition due to growing international trade
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Blog : http://www.mobilecomputingtoday.co.uk/5468/hosiery-market-reach-43-42-2025-credence-research/
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Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
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