Singapore Hosiery Market (2024-2030) | Share, Companies, Outlook, Revenue, Size, Trends, Forecast, Industry, Analysis, Value & Growth

Singapore Hosiery Market Synopsis

The Singapore hosiery market is a rapidly growing segment of the global apparel industry. The demand for comfortable, fashionable and affordable hosiery products has been increasing significantly in recent years. The growth of the hosiery market is mainly driven by factors such as innovations in product design, increased awareness about personal hygiene among consumers, growing disposable incomes, rising consumer consciousness regarding fashion trends and changing lifestyles of people. Additionally, digitalization and advancements in manufacturing technologies have made producing customized socks feasible for manufacturers.

Market Drivers

Increasing purchasing power: Rising income levels across different age groups are driving higher spending on clothing items such as socks and stockings in Singapore. According to 6Wresearch 2020 data report on average monthly salary level in Singapore from 2009 to 2018 shows an increase from 5168 SGD to 8500 SGD during this period which indicates that there has been a substantial rise in purchasing power over time resulting into increases sales opportunities for companies operating within Singapore Hosiery Sector;Growing interest towards sportswear : Increasing sports activities among adults have led to higher adoption rate of sporting apparel including socks & stockings due their comfortability offered while performing physical tasks; Rise In Demand For Athleisure Wear: Increasing trend towards athleisurewear among both men & women???s demographics have contributed positively towards growth opportunities within the country`s Hosiery sector.

Market challenges

Price Sensitivity : Majority of customers prefer buying low-cost alternatives when it comes to purchase decisions related with apparels like socks & stockings which present challenges for existing players who need compete on pricing front ;Low Brand Loyalty : Consumer loyalty can be difficult to obtain amongst buyers looking out for best deals or discounts available through multiple channels thus making it hard for brands establish strong customer base;

Key players

The Singapore hosiery market is characterized by a few key players, such as Hanesbrands Inc., Lululemon Athletica Inc., Calvin Klein Inc., Gap Inc., and PVH Corp. These companies have adopted various strategies, such as product launches, expansions of their distribution channels, acquisitions & mergers, partnerships with e-commerce websites, and collaborations with other apparel manufacturers to gain traction in the market. Additionally, they are also investing heavily in research & development activities to introduce innovative products that appeal to customers from different age groups.

Covid-19 Impact

COVID 19 pandemic had caused significant disruptions throughout entire retail sector with same being true even more so within Hosieries markets due to its reliance heavily upon social gathering events also impacting foot traffic at brick & mortar stores resulting into decline sales figures recorded by most players operating here.This was further exasperated due emergence new norms around wearing masks along with avoidance large gatherings which ultimately resulted into stalling any sort potential recovery process expected post covid period.

Key Highlights of the Report:

• Singapore Hosiery Market Outlook
• Market Size of Singapore Hosiery Market, 2023
• Forecast of Singapore Hosiery Market, 2030
• Historical Data and Forecast of Singapore Hosiery Revenues & Volume for the Period 2020-2030
• Singapore Hosiery Market Trend Evolution
• Singapore Hosiery Market Drivers and Challenges
• Singapore Hosiery Price Trends
• Singapore Hosiery Porter's Five Forces
• Singapore Hosiery Industry Life Cycle
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Body Stockings for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Compression Stockings for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Knee Highs, Hold-ups for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Stockings for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Socks for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Tights for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Toe Socks for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Gender for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Men for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Women for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Size for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Small for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Medium for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Large for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Plus for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Price Range for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Premium for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Medium for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Low for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Mass Merchant for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Mono Brand Outlet for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Online Store for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Departmental Store for the Period 2020-2030
• Historical Data and Forecast of Singapore Hosiery Market Revenues & Volume By Others for the Period 2020-2030
• Singapore Hosiery Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Gender
• Market Opportunity Assessment By Size
• Market Opportunity Assessment By Price Range
• Market Opportunity Assessment By Distribution Channel
• Singapore Hosiery Top Companies Market Share
• Singapore Hosiery Competitive Benchmarking By Technical and Operational Parameters
• Singapore Hosiery Company Profiles
• Singapore Hosiery Key Strategic Recommendations