Hosiery market is likely to witness a CAGR of 2.8% during the forecast period, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Hosiery market
The growing demand for hosiery is mainly due to increasing population and adoption of hosiery as a material for cloths. Increased comfort and durability of fabrics is giving an impetus to the hosiery market.
Europe is estimated to be the largest and Asia-Pacific to be the fastest-growing market for hosiery during the forecast period, with France, Germany, Croatia and Spain being the major countries offering lucrative growth opportunities. The growth of the region’s market is driven by increasing preference of millennials for aesthetic appearance and grooming. Increasing awareness of people regarding durability, quality, style, and fashion further boosts the demand for hosiery in the market over the forecast period.
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Report Scope & Market Segmentation
Hosiery Market Share: By End-User Type
Based on the end-user type, the market is segmented as men and women. The women segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Women have been using hosiery since the end of the 70’s decade and lot of hosiery products being available for women in the market drives the growth of the segment.
Hosiery Market Share: By Distribution Channel Type
Based on the distribution channel type, the hosiery market is segmented as online and offline. The offline segment leads the market owing to increase in population and growing spending power of people, which is giving rise to the opening of various shopping malls and super/hyper markets all over the world.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
What is the impact of COVID-19 on the market forecast?
What are the trends, drivers, and challenges?
How competitive is the market? Who are the market leaders?
What are the key strategies adopted by the market players?
Which segments offer the greatest opportunities?
Which are the most attractive regions?
What are the key success factors for the market players?
How does the business environment impact the market?
Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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