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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 | Nov 2013

Tight competition: High import penetration and rising input costs have restrained growth

IBISWorld’s Hosiery Mills market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 08-13
-6.7%
Annual Growth 13-18
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Profit
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Employment
9,651
Businesses
133
Industry Analysis & Industry Trends

This declining industry has experienced falling revenue over the past five years. Changing consumer preferences and increased competition from imports has caused declines in demand for domestic hosiery and sock products. Industry players are challenged with innovating and developing products that stimulate demand to recapture some of the sales lost over the past decade. Firms that can encapsulate consumer requirements and offer hosiery and sock products that enhance their satisfaction will be in a better position to grow in a shrinking environment... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Hosiery Mills industry is in the decline stage of its life cycle. Over the 10 years to 2018, industry value added, which measures the industry's contribution to GDP, is expected to fall at an annualized rate of 5.6%. This falling growth rate indicates that the industry will contract, while the US economy grows at a projected rate of 2.1% annually over the same period. Decreasing consumption by buyers and falling enterprise numbers also indicate a declining industry.

High and rising import penetration has caused purchases of hosiery and socks manufactured by domestic firms to fall in the five years to 2013... 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
Women's and girls' full and knee length hosieryNylon and sheer hosiery knitting and finishingPantyhose knitting and finishingStockings (except socks), sheer,Men's, women's and children's sockTights knitting and finishingAthletic sock knitting and finishingFooties, sheer, knitting and finishingLeggings knitting and finishing


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