The global hosiery market size was valued at USD 33.6 billion in 2018 and is expected to expand at a CAGR of 4.0% from 2019 to 2025. The market growth is primarily attributed to growing importance of hosiery as a durable clothing, which reduces leg fatigue and provides excellent comfort characteristics to sports professionals. Furthermore, these hosiery products are preferred by thefemale consumers due to its virtually invisible features, thus providing natural and shiny looks.
By understanding the market demand, companies are working on different types of innovative fabric designs. Some of the trending designs are striped tights, python print tights, stirrups tights, and patterned over-the-knee socks. Companies such as Sock Dreams and BAREWEB, INC. are introducing such products. Leading suppliers are using ultrasonic and laser technologies to develop product offerings.
With the help of these technologies, they can provide perfect edge cutting to the fabric in less time and seal the cut edges, hence preventing from fraying. They are transforming their hosiery products to include weather adaptive fabric, strong elasticity, and silver-based microbial finish. Some of the major third party manufacturers who provide training and manufacturing of these hosiery products are Disabled Living Foundation (DLF) and Adaptive Textiles. People prefer to purchase stronger elastic products that can provide appropriate compression, thereby leading to increasing blood circulation.
Shifting buyers’ preference towards the e-commerce industry is also expected to be one of the key factors driving the global market. The major reason behind the market growth is hassle free and convenient shopping features offered by the online retailers. It has been observed that the average time spent by the consumers on intimate apparel shopping at retail outlets is declining at the global level, which has increased the sales of hosiery products by online channels. Changing demographic factors such as disposable income and lifestyle are transforming the demand patterns of this market.
It has been observed that obesity levels are increasing at the global level, which is driving the demand for plus size hosiery products. In the U.S., around 65% of adults are either obese or overweight with no sign of associated visible improvement. Majority of the women are joining the plus size acceptance movement in different countries. By understanding the need for these hosiery products, different manufacturers have started selling exclusive plus size products to meet the market demand. Some of the suppliers are Hanesbrands Inc., Macy’s, and BAREWEB, INC.
Non-sheer hosiery products accounted for the largest share of 85.7% in 2018. Major popular products under this segment include ankle socks, dress socks, and training socks. Non-sheer products are majorly preferred by sports professionals, nurses, and kitchen staff. It is also popular among common mass due to its ease and wearing comfort. Major fast-fashion players such as H&M and sports retailers such as Decathlon are catering to the growing demand for non-sheer hosiery products.
Sheer hosiery products is expected to be the fastest growing category with a CAGR of 5.1% from 2019 to 2025. Millennials are increasingly interested in purchasing sheer hosiery, which is impacting the segment growth. Consumers of this category of generation prefer to use sheer hosiery with socks. Some of the major suppliers of this category in the U.S. are Woodland Hosiery Inc., Holt Hosiery Mills Inc., and WOODLAND HOSIERY INC.
The women application segment accounted for the largest share of 82.0% in 2018. Increased usage of hosiery items for workout as well as professional use as these products are perceived as a fashionable wearable among women. Additionally, majority of the women population prefer hosiery products with different colors and designs, which is projected to expand the market reach.
The men application segment is expected to be the fastest growing market with a CAGR of 4.5% from 2019 to 2025. The segment growth is attributed to shifting trend towards athleisure among male adults. Products such as weather adaptive tights are gradually gaining acceptance among men. Some of the leading men tight suppliers are UNIQLO CO. LTD., Adidas America Inc., and Nike, Inc. Companies including Stolen Goat Ltd. offer unique features such as wet weather cycling clothes for men, which is significantly contributing to this segment growth.
North America was the largest regional market for hosiery, accounting for 37.4% share of the overall revenue in 2018. Demand for stylish and comfortable fabric products among the consumers is boosting the market growth. High penetration of online retailers is promoting the consumer interaction with the brands. Companies are using big data analytics technology, along with machine learning, to analyze customer requirements and thus, publish the advertisements accordingly.
Asia Pacific is the fastest growing market, expanding at a CAGR of 5.0% from 2019 to 2025. Changing consumer behavior towards fashionable sports attire, along with rising disposable income especially in developing countries such as China and India, is expected to boost the market growth. Increasing consumer per capita spending on garment products and rising interest in buying branded products are positively impacting the market growth. It has been observed that the demand for sports hosiery is comparatively high in China. The Chinese government is taking initiatives to spread awareness among millennials and working class population about the importance of sports activities. People prefer to use hosiery products during workouts due to its comfortable features, which will propel the market growth in the upcoming years.
The market is competitive in nature due to the presence of many private level brands. Some of the major companies operating in the market for hosiery are Gilden Activewear Inc.; Hanesbrands; Spanx, Inc.; Golden Lady; Gatta Hosiery USA LLC; CSP INTERNATIONAL FASHION GROUP S.P.A.; adidas America Inc.; Jockey; and Carolina hosiery.
Due to high competition, companies are working on new product launches to increase their share in the market. For instance, in October 2017, Hanes Hosiery has launched a perfect tights to compete other legwear manufacturers. This product is designed with X-TEMP technology to adapt body temperature for all day comfort.
Report Attribute |
Details |
Market size value in 2020 |
USD 36.2 billion |
Revenue forecast in 2025 |
USD 44.2 billion |
Growth Rate |
CAGR of 4.0% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD billion & CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East; Africa |
Country scope |
U.S.; U.K.; Germany; India; China; Brazil |
Key companies profiled |
Gilden Activewear Inc.; Hanesbrands; Spanx, Inc.; Golden Lady; Gatta Hosiery USA LLC; CSP INTERNATIONAL FASHION GROUP S.P.A.; Adidas America Inc.; Jockey; Carolina hosiery |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global hosiery market report on the basis of product, application, and region:
Product Outlook (Revenue, USD Billion, 2015 - 2025)
Sheer
Non-sheer
Application Outlook (Revenue, USD Billion, 2015 - 2025)
Women
Men
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
North America
The U.S.
Europe
The U.K.
Germany
Asia Pacific
China
India
Central & South America
Brazil
Middle East & Africa
b. The global hosiery market size was estimated at USD 34.8 billion in 2019 and is expected to reach USD 36.2 billion in 2020.
b. The global hosiery market is expected to grow at a compound annual growth rate of 4.0% from 2019 to 2025 to reach USD 44.2 billion by 2025.
b. North America dominated the hosiery market with a share of 37.5% in 2019. This is attributable to the high penetration of online retailers in countries including the U.S. and Canada.
b. Some key players operating in the hosiery market include Gilden Activewear Inc.; Hanesbrands; Spanx, Inc.; Golden Lady; Gatta Hosiery USA LLC; CSP INTERNATIONAL FASHION GROUP S.P.A.; adidas America Inc.; Jockey; and Carolina hosiery.
b. Key factors that are driving the hosiery market growth include globally evolving fashion trends and the increasing popularity of weather adaptive fabric in hosiery products.
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The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
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