Hosiery Market is estimated to grow at a CAGR of 3.5% during the period 2017-2024, According to Research Nester

Hosiery also referred to as legwear, describes the garments, worn directly on the feet and legs. The term hosiery is also being used for the type of knitted fabric, its weight and thickness. It is manufactured in a wide range of fabric weights, knits and colors. In general, heavier weight fabrics are stronger and more durable, but are thicker and show less of the natural skin tone. On the other hand, lighter garments look and feel more luxurious but are not strong as compared to the heavier ones. The hosiery includes categories such as sheers, support hosiery, control tops, opaques, tights, stay-ups, stockings, maternity pantyhose and run-resistant garments. Sheers are made with lightweight fabric composed of very fine yarn, usually nylon.

Global hosiery market is anticipated to seize a robust CAGR of 3.5% over the forecast period i.e. 2017-2024. Moreover, the global hosiery market is projected to account noteworthy sales by the end of 2024. Additionally, the market is riding on the back of rising consumer expenditure on hosiery.

Moreover, opaques are heavier and more durable than the sheers, however, the tights are even heavier than opaques, more durable and are worn for exercise and provide added warmth during the cold weather. The stay-ups are individual stockings with an elasticised top that has a special lining to grip and stay up. Maternity pantyhose are specially designed to provide extra room and comfort in the top and as well as helps to maintain the blood circulation in the fatigue legs of the pregnant women. On the other hand, run-resistant garments usually made of thicker yarns and sturdier knits than sheerer pantyhose.

Swelled Disposable Income
Rapid Urbanization along with rising personal disposable income of the consumer is one of the major factors fostering the growth of hosiery market. In addition to this, according to U.S. Bureau of Economic Analysis, the personal disposable income of the consumer in U.S. is increased by USD 14,465.30 Billion in September 2017 from USD 14,226.5 Billion in October of 2016.

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Penetration of Online Stores
The growth of the global hosiery market is driven by the robust demand for comfortable and stylish hosiery among the consumers. Changing lifestyles and demographic factors are bringing changes in demand patterns for hosiery. Although the expenditure on hosiery is largely determined by factors such as income, family size and education, the rapidly expanding affluent base of middle class population in developing countries is expected to expand the market over the forecast period.

On the contrary, increasing raw material prices can be predicted to hamper the market of hosiery over the forecast period.

The report titled “Hosiery Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global hosiery market in terms of market segmentation by product type, by gender, by price range, by distribution channel and by region.

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.

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This report also provides the existing competitive scenario of some of the key players of the global hosiery market which includes company profiling of Golden Lady Company S.p.A., Gildan Activewear Inc., HanesBrands, Inc., Donna Karan New York, Trerè Innovation s.r.l., Wolford AG, Carolina Hosiery Mills, Fox River Mills and Parker Hosiery. 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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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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