PROSPECTS AND OPPORTUNITIES
Slow growth anticipated over the forecast period
The hosiery market in Singapore is anticipated to see a rather subdued performance over the forecast period, due to several key factors. Firstly, due to the warm tropical climate, sheer hosiery is less appealing, with consumers often preferring lightweight, breathable fabrics that provide comfort in high temperatures.
Fashion trends will boost growth in traditionally functional category
Hosiery has traditionally been considered a wardrobe staple, serving both formal and everyday purposes. However, the influence of social media marketing has led consumers to increasingly purchase sheer and non-sheer hosiery products for fashion-related reasons.
Growing role of e-commerce will boost demand for non-sheer hosiery
The pandemic has played a pivotal role in accelerating the shift towards e-commerce, and this trend is expected to continue in the forecast period. As more consumers become accustomed to the convenience of online shopping, demand for digital retail experiences is set to rise accordingly.
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Overview:
Understand the latest market trends and future growth opportunities for the Hosiery industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Hosiery industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Hosiery in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Hosiery in Singapore?
- Which are the leading brands in Singapore?
- How are products distributed in Singapore?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Hosiery in Singapore?
- Where is future growth expected to be most dynamic?
Hosiery in Singapore - Category analysis
KEY DATA FINDINGS
Hosiery sees modest growth in 2024, driven by non-sheer hosiery
Functional sports socks contribute to growing demand for non-sheer hosiery
Lack of a clear market leader
Slow growth anticipated over the forecast period
Fashion trends will boost growth in traditionally functional category
Growing role of e-commerce will boost demand for non-sheer hosiery
Apparel and Footwear in Singapore - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Hosiery
- Sheer Hosiery
- Non-Sheer Hosiery
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Hosiery research and analysis database.
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