Socks are a pair of knitted or woven covering worn to prevent rubbing of shoes on the bare feet. They are made using a variety of materials, such as cotton, wool, nylon, acrylic, polyester, olefins, spandex, silk, bamboo, linen, cashmere, and mohair, which are used based on different requirements and weather conditions.
MARKET DYNAMICS
The global socks market is expected to grow at progressive CAGR during the forecast period. The global socks market is driven by the increasing working population. Additionally, the acceptance of socks as a part of essential accessory with different attires is further expected to grow the market. Furthermore, growing need to maintain healthy foot especially in athletes, gym professional and diabetes patients to prevent the prevalence of foot disorders is expected to spur the market growth over the next few years. Moreover, the growing number of individuals opting for sports as their career option is catalyzing the demand for compression socks. However, the lack of awareness regarding the availability of different types of socks in emerging economies might hinder the market growth.
MARKET SCOPE
The "Global Socks Market Analysis to 2028" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the socks market with detailed market segmentation by product type, end user and distribution channel. The global socks market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading socks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global socks market is segmented on the basis of product type, end user and distribution channel. On the basis of material the market is segmented into high ankle, low ankle. Based on end user socks market is segmented into men, women and children. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global socks market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The socks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the socks market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the socks market in these regions.
MARKET PLAYERS
The report covers vital developments in the socks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships and collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the socks market are anticipated to lucrative growth opportunities in the future with the rising demand for socks in the global market. Below mentioned is the list of few companies engaged in the socks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the socks market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Nike Inc
- Puma S.E.
- Adidas A.G
- Renfro Corporation
- Under Armour, Inc.
- Drymax Technologies Inc
- Skechers USA, Inc.
- Icebreaker
- Injinji, Inc.
- Wrightsock