Global Socks Market US$ 42.75 billion in 2020 and is estimated to be US$ 76.96 billion by 2030 and is anticipated to register a CAGR of 6.1%. Socks are a sort of footwear that covers the ankle and calf. Over socks, other types of footwear or shoes are worn. Socks are used for a variety of reasons, including casual, sports, and medicinal. Cotton, wool, nylon, and other materials are used to make socks. Woolen socks are worn in colder climates to protect feet from frost bite and cold. Socks keep your feet worm, soft, and absorb moisture from your legs.
Analyst View:
The global socks market is growing due to developments in raw materials with qualities such as water repellant and odder suppressant, as well as improvements in production techniques. Furthermore, raw materials used to make soaks have strong anti-fungal and anti-bacterial qualities, which drives up demand for raw materials and propels the target market forward. Furthermore, in high-altitude areas, increased demand for thin, heat-resistant, and lightweight socks is likely to boost the global socks market throughout the forecast period. However, in emerging economies, a lack of information about the various varieties of socks available would limit the target market’s growth.
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Key Highlights of Socks Market:
- In February 2022, Launching on Kickstarter! GUTS-MAN: Japanese Toe Socks Made to Withstand Anything wonderful pair of socks comes from the same company that makes the socks that members of the Japanese Self-Defense Force use on exercises and marches. They’re very robust, resistant to wear and tear, odour resistant, sweat-absorbing, and quick drying. It’s also constructed with a particular toe design that helps prevent sweat from gathering in between your toes, making your toes feel a little fresher. Toe length is given special consideration in the GUTS-MAN brand toe socks. It is possible to suit not only the Egyptian type of foot with the long big toe, which is common among Japanese people, but also the Greek type with the long pointer toe and the Polynesian type with the same length for all toes.
- In February 2022, Balance Doctor announced the launch of its proprietary line of doctor-designed custom socks created specially to treat chronic pain from peripheral neuropathy (PN), while also helping with balance and circulation issues. Based on NeuroBalance technology and a special Neurotech Band, Balance Socks hug specific nerves in the feet to improve proprioception and reduce, or even eliminate neuropathic pain altogether.
Key Market Insights from the report:
The Global Socks Market accounted for US$ 42.75 billion in 2020 and is estimated to be US$ 76.96 billion by 2030 and is anticipated to register a CAGR of 6.1%.The Global Socks Market has been segmented on the basis of product type, material, end-user, distribution channel and region.
By Product Type:
Specialty Socks, Athletic Socks, Trouser Socks, and Casual Socks.
By Material:
Nylon, Cotton, Polyester, Wool, and Waterproof Breathable Membrane.
By End-user:
Men, Women, and Kids.
By Distribution Channel:
Wholesale, Supermarkets and Hypermarkets, and Online Stores
By Region:
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Socks Market:
Some of the major players operating in the global industrial Socks include Adidas A.G., Nike Inc., Puma S.E, Renfro Corporation, Asics Corporation, United Legwear & Apparel Co., LLC, Thai Sock Co Ltd, Converse Inc., Supersox and Disney, Under Armour, Inc., Saucony, LLC, Williamson-Dickie Manufacturing Company, LLC, and Darn Tough Vermont.
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Global Socks Market, By Product Type:
- Specialty Socks
- Athletic Socks
- Trouser Socks
- Casual Socks
Global Socks Market, By Material:
- Nylon
- Cotton
- Polyester
- Wool
- Waterproof Breathable Membrane
Global Socks Market, By End-user:
- Men
- Women
- Kids
Global Socks Market, By Distribution Channel:
- Wholesale
- Supermarkets
- Hypermarkets
- Online Stores
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
Related Reports:
Global Adaptive Clothing Market, By Product Type (Adaptive Dresses, Adaptive Tops and Pants, and Others (Adaptive Socks and Adaptive Gloves)), By End User (Geriatric Population and Disabled Children and Adults), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Trends, Analysis, and Forecast till 2029 https://www.prophecymarketinsights.com/market_insight/Global-Adaptive-Clothing-Market-By-513
Global Functional Clothing Market, By Type (Sportswear, Footwear, Socks, and Innerwear), By Application (Water Resistant, Anti-microbial, Wicking, and Stain Resistant), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2029
https://www.prophecymarketinsights.com/market_insight/Global-Functional-Clothing-Market-By-3512
Market Purview
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Estimation
- Top-Down Approach
- Bottom-Up Approach
- Market Breakdown and Data Triangulation
- Research Assumptions
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
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