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Hosiery Mills in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hosiery Mills Market Research Report | NAICS 31511 | Dec 2014

Tight competition: Enterprises will continue declining as offshoring becomes more popular

IBISWorld’s Hosiery Mills market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 09-14
-6.4%
Annual Growth 14-19
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Profit
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Employment
9,025
Businesses
127
Industry Analysis & Industry Trends

The rise in offshoring activity in the Hosiery Mills industry has driven industry globalization and downstream demand from consumers who 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. In the coming years, improvements in downstream demand, driven by increased consumer spending, are anticipated to somwhat increase sales of domestically produced hosiery and socks... purchase to read more

Industry Report - Industry Analysis Chapter

As bare legs and trousers have become more appropriate in the professional environment, demand for the Hosiery Mills industry has been in a steep decline over the past decade. The five years to 2014 have been exceptionally negative, though, with revenue falling at an average annual rate of 6.4%. Increasing competition from inexpensive imports have caused industry operators to either close down or move their production offshore to low-cost countries. Furthermore, while demand for socks has remained somewhat resilient due to its necessity, demand for tights and pantyhose declined during the recession when retailers were slow in restocking unpopular inventory... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hosiery Mills Industry?

This industry comprises establishments that primarily manufacture hosiery and sock products. In company-owned and leased facilities, producers form raw materials (like cotton and polyester) into hosiery and socks. Products are then sold to wholesalers and retailers for resale to consumers.

Industry Products
Cotton and cotton blend socksPantyhoseSynthetic socksFull-length and knee-length stockings
 
Industry Activities
Manufacturing full and knee length hosiery for women and girlsKnitting and finishing nylon and sheer hosiery Knitting and finishing pantyhoseManufacturing sheer stockings (not including socks)Manufacturing socks for men, women and childrenKnitting and finishing tightsKnitting and finishing athletic socksKnitting and finishing sheer footiesKnitting and finishing leggings


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