In knots: Lax office environments and offshoring activity are expected to lead to this industry’s decline
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.
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137 pages •
By Asia Market Information & Development Company
• Oct 2020
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