DUBLIN--(BUSINESS WIRE )--The "Hosiery (Women and Men) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Hosiery (Women and Men) Market to Reach $47.8 Billion by the Year 2026

Amid the COVID-19 crisis, the global market for Hosiery (Women and Men) estimated at US$39.8 Billion in the year 2020, is projected to reach a revised size of US$47.8 Billion by 2026, growing at a CAGR of 3.2% over the analysis period. Socks, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach US$33.2 Billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Sheer Hosiery & Tights segment is readjusted to a revised 2.9% CAGR for the next 7-year period. This segment currently accounts for a 33.5% share of the global Hosiery (Women and Men) market.

Socks brands are entering into the e-commerce domain as well as joining hands with e-tailors, retailers and other companies for pushing sales. Moreover, various players are coming up with new offerings like anti-bacterial sanitized yarn, organic products and non-compression, soft elastic socks to attract customers.

Socks brands are offering blood pressure and diabetes socks to expand their customer base. As COVID-19 pandemic forced people to spend more time indoors due to remote working and learning, comfort dressing has emerged as a major trend in workwear. The onset of casual dress code hampered the demand for sheer hosiery. Recent years saw proliferation of tights in different colors, patterns and styles as designer scramble to leverage the opportunities prevailing in the market, amid growing image of tights as a regular accessory.

The U.S. Market is Estimated at $6.8 Billion in 2021, While China is Forecast to Reach $8.6 Billion by 2026

The Hosiery (Women and Men) market in the U.S. is estimated at US$6.8 Billion in the year 2021. The country currently accounts for a 16.94% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$8.6 Billion in the year 2026 trailing a CAGR of 4.3% through the analysis period.

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900