Hosiery Market Size Study:
According to the research report, the Hosiery Market was valued at USD XX.XX Million in 2017 it is projected to reach USD XX.XX Million by the end of 2022, with increasing a CAGR at X.X% during the forecast period 2017-2022.
Hosiery Market Brief Introduction:
Over the years, the women’s segment of hosiery has grown tremendously, and it is believed that it will continue to grow, however, recently with celebrities rocking the hosiery department efficiently and bringing it to the forefront, the men’s segment is also growing at a fast pace.
Hosiery Market Geographical Segmentation:
Geographically, the market is segmented into
- North America
- Latin America
- Asia Pacific
- Middle East and Africa.
Hosiery Market Regional Share Analysis:
US together with Europe captured about 60% of the market share in 2016 and this is expected to rise with attention being paid to the men’s section lately. Stylish hosiery sale is on a rise in Asia Pacific and is expected to grow at a CAGR of 5.6% over the forecast period. The men’s hosiery section is also expected to grow at a 5.7% CAGR in the next 5 years. The market is highly fragmented and has a number of unorganized players, both big and small.
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Hosiery Market Competition Analysis:
Comfortable and stylish hosiery are a huge attraction to the market and firms are investing heavily to introduce variety to its customers rather than just black, white and sombre shades. Therefore, it is believed that innovation in aesthetic and functional features of hosiery will keep the market afloat and help it grow substantially in years to come.
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Hosiery Market Major Vendors:
Some of the organized players are Hanesbrands Inc., Gildan Activewear, Golden Lady Spa, LVMH, CSP International, L Brands, Jockey International and others. Mergers and acquisitions of big and small players are effectively a standard strategy for fighting competition in this market. Hanesbrands has recently invested heavily in renovating their factories and buying new equipment to increase capacity and meet the demands of retailers.
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