Global Socks Market, By Product Type (Specialty Socks, Sports and Athletic Socks, Trouser Socks, Ankle Length Socks and Casual Socks), By End User (Men, Women and Kids), Use Case (Running Socks, Soccer Socks, Snow Sports Socks, Basketball Socks, Cycling Socks, Fitness Socks, Tennis Socks, Baseball Socks, Outdoor, Trekking and Hiking, Other Sports Socks and Others), Material Type (Cotton, Wool, Polyester, Nylon, Spandex, Acrylic and Others), Distribution Channel (Independent Retail Outlets, Retail Apparel Chains, Supermarkets/ Hypermarkets, Online Retailers and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Socks Market
The socks market is expected to be growing at a growth rate of 6.00% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of socks market. This rise in socks market value can be attributed to the various factors such as rise in the participation of sports and related activities, growing popularity of e-commerce platforms in the developing economies, and increasing personal disposable income. Therefore, the socks market value, which was USD 65,000 million in 2020, will shoot up to USD 103,600.12 million by 2028.
Socks are a part of clothing product that is worn on the feet. Socks are made up using a wide range of material. Socks provide a covering to the feet from external factors such as climate, dirt, and so on.
Rising population and increasing personal disposable income are the major factors fostering the growth of socks market. Growing focus on the advancements in raw material, rising availability of all kinds of socks and growing focus of the manufacturers on product innovations are some other indirect socks market growth determinants. Growing retail shops, conventional stores, and e-commerce facilities will also create lucrative and remunerative socks market growth opportunities in the long run.
- On the flip side, lack of awareness about the availability of different types of socks, especially in the underdeveloped and developing economies, will pose a major challenge to the growth of socks market in the long run. Unstable prices of raw materials and rising cost wars among existing vendors will further derail the socks market growth rate.
This socks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on socks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Socks Market Scope and Market Size
The socks market is segmented on the basis of product type, use case, material type, and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the socks market is segmented into specialty socks, sports and athletic socks, trouser socks, ankle length socks, and casual socks.
- On the basis of end user, the socks market is segmented into men, women, and kids.
- On the basis of use case, the socks market is segmented into running socks, soccer socks, snow sports socks, basketball socks, cycling socks, fitness socks, tennis socks, baseball socks, outdoor, trekking and hiking, other sports socks and others.
- On the basis of material type, the socks market is segmented into cotton, wool, polyester, nylon, spandex, acrylic and others.
- On the basis of distribution channel, the socks market is segmented into independent retail outlets, retail apparel chains, supermarkets/ hypermarkets, online retailers and others.
Socks Market Country Level Analysis
The socks market is analysed, and market size, volume information is provided by country, product type, use case, material type, and distribution channel as referenced above.
The countries covered in the socks market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the socks market and will continue to flourish its trend of dominance during the forecast period as well. Rising personal disposable income, rapid globalization, westernization, modernization and rising awareness regarding the availability of different types of socks in the market are some major market growth determinants for this region.
The country section of the socks market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Socks Market Share Analysis
The socks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to socks market.
The major players covered in the socks market report are Sealskinz, Wigwam Corporation., Rocky Brands, Bridgedale, CAMARO Erich Roiser GmbH, Stance., Recreational Equipment, Inc., LENNON PERFORMANCE PRODUCTS LTD, Okamoto Corporation, Footland Inc., DEXSHELL, Showers Pass., RANDY SUN, Seavenger., Henderson Neosport, NRS, Injinji, Inc.., Northern Diver, Wrightsock and Wildfire Sports & Trek among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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