Over the forecast period of 2021 to 2031, the global hosiery market is expected to grow at a steady pace, with a CAGR of 4.8 percent. The industry is expected to generate $60 billion in revenue by 2021. Sales in China are expected to continue to grow at the fastest rate in the world, with a CAGR of 5.2 percent.
The rising prevalence of leg disorders, such as sclerotherapy treatment, has boosted hosiery demand across the healthcare industry. In addition, the rising prevalence of leg injuries and muscle damage is expected to drive up demand for hosiery products in the fitness industry. As a result of these factors, the global hosiery market is expected to grow significantly over the forecast period.
Key Segments Covered
Product Type
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- Body Stockings
- Compression Stockings
- Knee-high/Hold-ups Hosiery
- Stockings
- Socks
- Tights
- Toe Socks
Demography
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- Hosiery for Men
- Hosiery for Women
Price Range
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- Economy-priced Hosiery
- Mid-priced Hosiery
- Premium-priced Hosiery
- Super Premium-priced Hosiery
Sales Channel
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- Hosiery Sales via Modern Trade
- Hosiery Sales via Specialty Stores
- Hosiery Sales via Online Stores
- Hosiery Sales via Other Sales Channels
Competitive Environment
To expand their market ground, prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
Spanx Inc. announced the signing of a definitive agreement with Blackstone in October 2021, under which the latter will buy a majority stake in the company for US$ 1.2 billion.
At a virtual Investor & Media Day in March 2021, Adidas unveiled its new ‘Own the Game’ strategy. The main strategic focus of ‘Own the Game’ is to strengthen the Adidas brand’s credibility, create a unique consumer experience, and continue to expand the company’s sustainability activities. Until 2025, the new strategy is expected to significantly increase sales, profitability, and market share.
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