Over the five years to 2017, changing consumer preferences regarding hosiery products have adversely affected demand for the Hosiery Mills industry. Casual dress and bare legs have become more acceptable in the workplace and, thus, fewer women are wearing hosiery. The rise in offshoring activity has been driven by downstream demand from consumers that demand quality products at low prices. As a result, many operators have offshored a large portion of their manufacturing capabilities in an attempt to reduce costs and remain competitive. Over the five years to 2022, industry revenue is forecast to continue falling.
This industry comprises establishments that primarily manufacture hosiery and sock products. In facilities leased or owned by the company, producers form raw materials (such as cotton and polyester) into hosiery and socks. These products are then sold to wholesalers and retailers for resale to consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.