The global Socks market size was valued at $48.36 billion in 2020 and is projected to reach $71.79 billion by 2026, growing at a CAGR of 6.8% during the forecast period.
• The demand in the socks market has thrived on the back of a surging consciousness among people to maintain healthy foot especially in athletes, gym professionals, and diabetes patients to prevent the prevalence of foot disorders.
• Additionally, the increasing expenditure on health and fitness among adults is significant all over the world and this is another factor promoting the demand for various shoe accessories such as sports socks and ankle socks during the workouts in gym and health clubs and thereby expanding the socks market growth in the foreseeable future.
• However, the rising adaption of footwear rather than shoes such as slippers, sandals, and others is one of the major factor negatively impacting the profit boundaries of the market.
• Moreover, the increasing demand for socks with special features and the inclination of consumers toward natural fabrics are creating ample opportunities across the globe.
Socks are broadly used to absorb sweat from the feet and cover the foot and used in various adventurous activities such as cycling, trekking, and workouts. These are available in various forms as per the size, length, colors, and applications that are sold by various socks brands around the world. Light-colored socks reflect heat which in turn helps the feet stay cool and dark-colored absorb heat which in turn helps keep the foot warm.
By Product, the Casual Socks segment to Lead the Market Owing to Suitability with Different Apparel
The casual socks segment is estimated to have a huge demand in the forecast period due to features such as ease to use and their suitability with different apparel is one of the major factor likely to propel the segment growth. Casual socks are made up of nylon, and polyester is popular among consumers owing to their easy availability and comfortability.
By Geography, Asia Pacific Region is Projected to Strong Presence in the Global Market
The Asia Pacific is experiencing strong growth during the forecast period owing to the presence of a large number of socks brands, rising awareness regarding the availability of different types of socks in the market, more large population especially in China and India, rising disposable income, and urbanization in developing counties including China, Bangladesh, Pakistan, and India are some of the factors driving the market growth in this region.
List of the Key Players Profiled in the Market Include:
• Adidas A.G.
• Asics Corporation,
• Balega
• Drymax Technologies Inc.
• Hanesbrand Inc.
• Nike Inc.
• Puma S.E.
• Renfro Corporation,
• THORLO Inc.
• Under Armour Inc.
• United Legwear & Apparel Co.
• Skechers USA, Inc.
• Jockey International Inc.
• Recreational Equipment, Inc.
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market, challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Global Socks Market by, Product
• Athletic Socks
• Casual Socks
• Specialty Socks
• Trouser Socks
• Multiple Toe Socks
Global Socks Market by, Material
• Nylon
• Cotton
• Wool
• Polyester
• Waterproof Breathable Membrane
• Other Materials
Global Socks Market by, Distribution Channel
• Hypermarket & Supermarket
• Convenience Store
• Online
• Other Distribution Channels
Global Socks Market by, Application
• Men
• Women
• Children
Global Socks Market by, Geography
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Surging conscious among people to maintain healthy foot
4.1.2 Increasing expenditure on health and fitness among adults
4.2 Market Restraints
4.2.1 Rising adaption of foot wears rather than shoes
4.3 Impact of COVID-19 on Socks Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Socks Market by, Product
6.1 Overview
6.2 Athletic Socks
6.3 Casual Socks
6.4 Specialty Socks
6.5 Trouser Socks
6.6 Multiple Toe Socks
7 Global Socks Market by, Material
7.1 Overview
7.2 Nylon
7.3 Cotton
7.4 Wool
7.5 Polyester
7.6 Waterproof Breathable Membrane
7.7 Other Materials
8 Global Socks Market by, Distribution Channel
8.1 Overview
8.2 Hypermarket & Supermarket
8.3 Convenience Store
8.4 Online
8.5 Other Distribution Channels
9 Global Socks Market by, Application
9.1 Overview
9.2 Men
9.3 Women
9.4 Children
10 Global Socks Market by, Geography
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 South America
10.6 Middle East & Africa
11 Key Developments
12 Company Profiling
12.1 Adidas A.G.
12.1.1 Business Overview
12.1.2 Product/Service Offering
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Activities
12.2 Asics Corporation,
12.3 Balega
12.4 Drymax Technologies Inc.
12.5 Hanesbrand Inc.
12.6 Nike Inc.
12.7 Puma S.E.
12.8 Renfro Corporation,
12.9 THORLO Inc.
12.10 Under Armour Inc.
12.11 United Legwear & Apparel Co.
12.12 Skechers USA, Inc.
12.13 Jockey International Inc.
12.14 Recreational Equipment, Inc.
Report Details
SKU Code | : DI2013 |
Industry | : Consumer Goods and Services |
Region | : Global |
Tables | : 168 |
Format | : Electronic PDF |
Published | : 2023 |
Choose License Type
Why Diligence Insights?
-
24/7 Research Support
We understand the various needs of our customers and remain always flexible in our approach. And we have a 24X7 client engagement team to ensure the best customer experience.
-
Tailor-Made Values
We consider each and every client’s business issues unique and exhibit precise solutions befitting your business goals and expectations.
-
Data Accuracy and Reliability
We offer a 360-degree view of the market to generate high standards and comprehensive data.
-
Customer Satisfaction
At Diligence Insights, we are committed to offering high-quality market research reports to our esteemed clients and focus on providing innovative solutions.
-
Information Security
We stand by the information security policy and stick to keeping your business information safe and secure.