US Hosiery Market Set to Achieve 3.95% CAGR by 2027

The US Hosiery Market is projected to expand by USD 2.99 billion, registering a compound annual growth rate (CAGR) of 3.95% from 2022 to 2027. This market is flourishing due to various factors, notably the strong demand for designer and soft hosiery products. Manufacturers are continuously innovating and expanding their offerings, driven by advancements in design and technology to meet specific consumer preferences.

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Market Forces and Consumer Landscape

The US hosiery market is witnessing significant demand, propelled by consumer preferences for patterned over-the-knee socks and the adoption of cutting-edge technologies like laser and ultrasonic techniques for superior product quality. The rise of e-commerce platforms, offering features such as hassle-free returns and free delivery, is also a major contributor to market growth. These platforms provide a seamless shopping experience, further driving the market's expansion.

Dynamics Influencing the US Hosiery Market

Meeting Diverse Consumer Needs

The hosiery market caters to a wide array of consumer needs by providing durable and comfortable clothing. Major companies are focusing on fabric innovation, using ultrasonic and laser techniques to enhance product quality. Features like invisible finishes and shiny appearances are designed to reduce leg fatigue. 

The convenience of online shopping, with options such as easy returns and free delivery, is boosting demand. Striped and stirrup tights are among the popular choices, reflecting the market's commitment to variety and consumer satisfaction. This analysis, using 2022 as the base year, highlights the key drivers, trends, and challenges shaping the market.

Key Driver: Demand for Designer and Soft Hosiery

The high demand for designer and soft hosiery is a significant driver of market growth. Manufacturers produce safe, supple, and non-toxic products suitable for all age groups, increasingly using organic and soft fabrics. Brands like Sckoon and B Nature are known for their use of organic materials. Designer brands such as Paul Smith, Ralph Lauren, and Burberry are prominent in the apparel industry, particularly in baby clothing and accessories. Despite lower sales volumes, the premium segment substantially contributes to market revenue, driven by the high demand for quality products.

Emerging Trend: Hosiery in Healthcare

The rising demand for socks in the healthcare sector is an emerging trend. Supportive accessories like diabetic socks are essential for individuals with chronic conditions such as diabetes and arthritis. These socks help maintain dry feet, prevent injuries, and improve blood circulation. Products like Silipos Arthritis/Diabetic gel socks, which provide moisture control and protection, illustrate this trend. Such innovations are expected to drive market growth during the forecast period.

Major Challenge: Changing Trade Policies

Changes in trade policies pose significant challenges to market growth. Shifting political landscapes and tariffs affect the financial health and operational performance of companies. Many established US hosiery suppliers are based in China, and changes in China's trade policies can impact business operations. The COVID-19 pandemic also affected the market, with many suppliers operating in emerging markets like China. Changes in import tariffs could necessitate shifts in production practices, potentially increasing costs and affecting market growth.

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Analyst Overview

The US hosiery market thrives on innovation and consumer demand for durable, comfortable products. Manufacturers use advanced techniques to ensure high-quality products, catering to a diverse consumer base. The rise of e-commerce has made hosiery more accessible, with convenient shopping features driving demand.

Products like patterned over-the-knee socks and compression stockings are popular, highlighting the market's focus on both fashion and functionality. Gel socks, which offer moisturization and comfort, are also gaining popularity, appealing to consumers seeking both practical and luxurious foot care solutions.

Contact us for tailored solution

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/


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