Socks Market Highlights Key Development Factors and Upcoming Trends during forecast 2020-2025 | Adidas, Asics, Balega, Drymax Technologies, Hanesbrands

Global Socks Market overview:

The growing demand for Socks has provided a major boost to the Global Socks Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Increasing requirement of multiple footwear by urban consumers is working as a positive factor of socks market. Moreover, growing trend of athletic shoes coupled with athletic celebrity endorsement by key brands is driving the market growth. It has been observed that consumers are purchasing premium quality socks to use them during gym training and outdoor sports activities. In addition, rising concerns over adverse effects associated with foot ulcers among diabetic patients at a global level is projected to promote the utility of advanced sock variants as a foot protective medium in the near future. The global Socks Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Athletic Socks

2 Specialty Socks

3 Trouser Socks

4 Casual Socks

5 Multiple Toe Socks

On the basis of End Use Industry, the market is split into:

1 Men

2 Women

3 Children

The market has been segmented by the materials used for production. Further sub segments are nylon, cotton, polyester, wool, waterproof breathable membrane, and others. Nylon segment accounted for the largest market and is expected to maintain its dominance in coming years. Waterproof breathable membrane are hybrid materials that are used for manufacturing waterproof socks for industrial application or for casual use during the rainy season.

Objectives of the Study

To describe and forecast the global Socks Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Socks Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Socks Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Socks Market.

Some of the Socks Market manufacturers involved in the market are Adidas, Asics, Balega, Drymax Technologies, Hanesbrands, Nike, Puma, Renfro, THORLO, Under Armour, Acquisitions and effective mergers are some of the strategies adopted by the Socks Market manufacturers. New product launches and continuous technological innovations are the Socks Market strategies adopted by the major players.

Latest Industry Updates:

Adidas introduces READY, a new multi-sport collection that uses responsive fabrics and intuitive design to help athletes perform, whatever the weather. With a global increase in outdoor sports and training, READY enables athletes of all abilities to train without the distraction of competing with the elements.READY technology will be put through the ultimate test as Olympic athletes take to the global sports stage wearing HEAT.RDY. The technology will be featured in the national kits for Team Great Britain, Team Germany, Team Ethiopia and Team Hungary as well as on the field of play for adidas athletes and sponsored teams around the world. READY apparel uses a smart layering system that allows athletes to build modular sports outfits that address seasonal needs, selecting different pieces that can be worn together without bulking at the seams and which allow for maximum movement, comfort and ventilation.

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Asia Pacific was a prominent market for Sockss in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Socks market in Asia Pacific.

There are several manufacturers of Sockss in Europe and North America. In North America, the demand for Sockss is primarily driven by the residential sector. Improved standards of living and rising usage of Sockss for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Socks Market Report 2020

1 Socks Definition

2 Global Socks Market Major Player Share and Market Overview

3 Major Player Socks Business Introduction

4 Global Socks Market Segmentation (Region Level)

5 Global Socks Market Segmentation (Product Type Level)

6 Global Socks Market Segmentation (Industry Level)

7 Global Socks Market Segmentation (Channel Level)

8 Socks Market Forecast 2020-2024

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