Hosiery Mills in the US - Industry Market Research Report
Description
Hosiery Mills in the US - Industry Market Research Report
Hosiery Mills in the US
Over the five years to 2019, 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. During the current period, industry revenue has fallen. The industry has suffered from the dominance of imports and a rise in offshoring activity, which have driven downstream demand from consumers away from US-produced goods. With the hopes of lowering labor costs and retaining competitiveness, many operators have offshored a large portion of their manufacturing capabilities. Over the five years to 2024, industry revenue is forecast to continue falling. To counteract increasing offshoring, operators are expected to boost demand through product innovation and marketing strategies, including new fabrics, more product options and improved cutting precision through laser and ultrasonic technology.
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.
Hosiery Mills in the US
Over the five years to 2019, 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. During the current period, industry revenue has fallen. The industry has suffered from the dominance of imports and a rise in offshoring activity, which have driven downstream demand from consumers away from US-produced goods. With the hopes of lowering labor costs and retaining competitiveness, many operators have offshored a large portion of their manufacturing capabilities. Over the five years to 2024, industry revenue is forecast to continue falling. To counteract increasing offshoring, operators are expected to boost demand through product innovation and marketing strategies, including new fabrics, more product options and improved cutting precision through laser and ultrasonic technology.
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.
Table of Contents
48 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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