Stockings refer to close-fitting, elastic garments, which covers the leg from the foot up to the knee or thigh and is primarily worn by women. Stockings are available in numerous varieties in different regions across the globe. Other than compression stockings, luxury or regular stockings are hosiery garments which are usually worn for fashion along with mid-length skirts or similar dresses. Stockings are made of cotton, spandex, nylon, or a combination of any of these materials, depending on the requirement.
One of the major reasons driving the global stockings market is the availability of different varieties of stockings which vary in design, color, transparency, and other similar factors. These varieties provide multiple choices to the consumers to choose the one which suits them the best. After a particular duration, there is launch of new types of stockings in the market which again attracts customers to try them. The rise in disposable incomes and improved lifestyles of consumers readily contributes to the growth of the stockings market. The easy availability of stockings and promotion of the products via different means including online websites promotes the demand for stockings.
Rapid urbanization and adoption of western lifestyles also assists the stockings market in expanding across the globe. The e-commerce websites are easily satisfying the demands of consumers by serving them in a convenient manner. The different kinds of stocking available in the market include fence net stockings, lace stockings, printed stockings, striped stockings, opaque stockings, and many more styles which may be available in different regions.
The global stockings market can be segmented on the basis of product type, application type, distribution channel, and region. On the basis of product type, the global stockings market can be segmented into compression stockings and luxury or regular stockings. The compression stockings segment can be further sub-segmented into anti-embolism compression stockings and gradient compression stockings. The luxury or regular stockings segment can be further sub-segmented into panty-hose, and thigh-high stockings. Compression stockings are the skintight garment worn by the wearer to stimulate the blood circulation and stabilize the muscles by applying pressure to the body parts. Panty-hose refers to the close-fitting garment, which covers the body of the wearer from waist to toes. Thigh-high stockings cover up the wearer’s body from toes to thighs, not the waist, unlike panty-hose.
On the basis of application type, the global stockings market can be segmented into foot care, to beautify the legs, to keep warm, for medical issues, and others. The application of the stockings is based on the type and material of stockings. On the basis of distribution channel, the global stockings market can be segmented into online stores, multi-brand stores, departmental stores, mass-retailers, and others. On the basis of region, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market in the Asia Pacific region is expected to expand at a significant rate during the forecast period as China is one of the biggest manufacturing hubs in the region. North America and Europe are dominant in the global stockings market, which is followed by Asia Pacific. The increase in demand from developing countries of Asia Pacific promotes the growth of the stockings market in the region.
The global stockings market includes various players. Some of the key players in the market are Wolford AG, Gerbe, Fogal, FALKE, Salzmann-Group, and CSP International Fashion Group S.p.A, among other companies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.