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 Key Buyers Chapter
The Hosiery Mills industry has a low level of concentration, as the four largest firms in the sector are estimated to account for less than 30.0% of total industry revenue. Generally, an industry is considered to have a low level of concentration when the top four firms account for less than 40.0% of industry revenue. The industry is largely fragmented, with a diverse mix of large and medium participants, and has experienced pressure from severe import penetration. At the same time, there are not many firms participating in this industry; only 133 firms are expected to continue its operations in 2013.
Over the five years to 2013, industry concentration has increased because many businesses have been driven out of business... purchase to read more