According to the report analysis, ‘Global Hosiery (Women and Men) Market Size study, by Product (Ship Socks, Short Socks, Stockings, Tights, Others), By Application (Adult Men, Adult Women, Children) and Regional Forecasts 2018-2025’ states that in the worldwide hosiery market, there are several potential companies which presently functioning more positively for leading the fastest market growth and registering the effective value of market share around the globe over the coming years more significantly while effectively determining the market growth opportunities, growth drivers, positively spreading the awareness related to the benefits, studying the government guidelines more actively and decreasing the price of the product comprises Gildan, Hanesbrands, Kayser-Roth, LVMH, Golden Lady, L Brands, Wolford, Donna Karan, Mengna, Fenli, Bonas and several others.
Hosiery also well-known as Legwear, such garments are dilapidated directly on the feet and legs. Modern hosiery is frequently tight-fitting by advantage of stretchy fabrics and meshes. Older arrangements include binding to accomplish a tight fit. The global economic recovery situation is convoluted, a slowdown in China, but little impression on the sock industry, particularly cotton socks industry. In addition, the Chinese sock exports unremitting to present growth year after year, majorly owing to the socks apparel industry as accessories.
Although, The Hosiery (Women and Men) Market is continuously increasing around the world over the coming years. The price is comparatively low not much pressure on consumer spending and the effective growth in the disposable income of the individual are the considerable influencing factors of the market around the globe. In addition, effective transformation in the lifestyle & consumer buying behavior is the foremost factor which generating the lucrative opportunities in the market over the coming years. However, restricted opportunities in the market of hosiery is one of the mainstream aspects which restricting the market growth of Hosiery (Women and Men) over the coming years.
The positive increase in the concern related to the personal grooming and attendance among millennials is the foremost drivers of the hosiery market. The effective growth in the awareness of customers for quality, durability, fashion and style as well as personal grooming awareness which tends to motivate the hosiery market. The positive growth in the urbanization have deposited modern class customers with more money to spend which pampered into an augmenting passion for current fashion. The broad transformation in the lifestyles and demographic aspects are bringing changes in requirement patterns for hosiery. Modern age masculine is preparatory to create the personal grooming and fashion on priority, which tends to fuel the Hosiery market. The enormous growth in the obesity and increasing per capita disposable income among developed as well as advancing markets has augmented the requirement for plus size clothing hosiery products around the world.
In addition, the Hosiery is anticipated to observe significant requirement by the producers Healthcare and Fitness & sports industries. These products are utilized for the cure of leg syndrome and varicosities. Owing to its close-fitting and have stretchy qualities has led to an improvement in requirement for the compression hosiery in the healthcare industry. With the effective growth of the athleisure is propelling the growth of the hosiery market. Therefore, in the coming years, it is predicted that the market of hosiery will increase around the globe over the near years more progressively.
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications