Sport Socks Market: Industry Size, Share, Emerging Trends, Demand, Growth Opportunities, Regional Analysis, Leading Players And Industry Forecast, 2020–2027

Allied Market Research published a new report, titled, " Sport Socks Market " The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Sports socks out of all the application-specific socks are gaining rapid traction not only because they are specifically designed to use in various sports, but also because they have many other benefits that drive their overall market growth. Wearing training shoes with bare feet, without wearing socks, while exercising, is not advisable as this can cause serious harm to the feet. Also, it may get you infected by unwanted bacteria. Therefore, to avoid these problems, the demand for sports socks rises. Other factors like the affordable prices of sports socks, increase participation of the consumers in gyming, the emergence of newer materials like nylon and polyester to manufacture sports socks, and the ability of sports socks to be get matched with informal footwear in a casual setting continuously drives the global sports socks market.

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Furthermore, the increased spending of consumers on health and fitness is prompting the demand for certain shoe accessories, especially sports socks. Another reason for the high sales of sports socks is the rising number of diabetic patients as they might suffer from foot disorders. Moreover, increasing penetration of the internet and smartphones, have made it possible for marketers to increase the sales rate by launching new and discounted products online.

Regional Analysis - North America (U.S., Canadaand Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)

The key market players profiled in the report include Nike Inc., Adidas A.G., Puma S.E., ASICSAmerica Corporation, Converse, Dickies, Under Armour, Thai Socks Corporation, Darn Tough, and Saucony.

COVID-19 ScenarioAnalysis:

• The COVID-19 outbreak has hit the clothing, footwear, & accessories industry.
• The sales figures for the sports socks have fallen due to the ongoing pandemic situation.
• One reason for the declining demand is that people wear socks with shoes for outdoor activities that are on a halt because of the stay at home orders.
• Another reason majority of sports events, where the demand for sports socks rises, is canceled or postponed.
• Also, global manufacturers are facing massive supply chain disruption, due to logistic slowdown, lack of raw material, and halt on import-export activities.
• However, due to the rising popularity of e-commerce sales, the industry might recover after the COVID-19 pandemic situation fades away.

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Key Segments Covered:

Product Outlook
• Casual
• Formal
• Athletic

Material
• Cotton
• Nylon
• Polyester
• Others

Application
• Men
• Women
• Children

Distribution Channel
• Supermarket/ Hypermarket
• Convenience Store
• Online Retail Stores
• Others

Key Benefits of the Report:

○ This study presents the analytical depiction of the global sport socks industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sport socks market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sport socks market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global sport socks market analysis based on competitive intensity and how the competition will take shape in coming years.

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