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

02-05-2021 01:34 PM CET | IT, New Media & Software

Press release from: Prophecy Market Insights

PROPHECY MARKET INSIGHTS

PROPHECY MARKET INSIGHTS

Socks are type of clothing worn on feet covering ankle and calf. Other types of footwear or shoes are worn over socks. Socks are for serves casual, sports, and medical purposes. Socks are made up of materials such as cotton, wool, nylon, etc. In low temperature area, woolen socks are used to protect feet from cold and frost bite. Socks are help to keep feet worm, soft, and helps to absorb sweat on legs.

Increasing advancements in raw materials composed of features such as water repellant and odder suppressant, coupled with improvisation of manufacturing processes are driving growth of the global socks market. In addition, raw materials which are used for manufacturing of soaks have excellent anti-fungal and anti-bacterial properties which in turn increases demand for raw material fuels growth of the target market. Furthermore, rising preference for socks those are thin, heat resistant, and lightweight in high altitude areas is expected to propel the global socks market over the forecast period. However, lack of awareness about availability of different types of socks in emerging economies would restrain growth of the target market.

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Global socks market has been segmented on the basis of product type, material, end-user, distribution channel, and region. On the basis of product type, the target market is bifurcated into specialty socks, athletic socks, trouser socks, and casual socks. On the basis of material, the global socks market is categorized into nylon, cotton, polyester, wool, and waterproof breathable membrane. On the basis of end-user, the target market is classified into men, women, and kids. On the basis of distribution channel, the global socks market is divided into wholesale, supermarkets and hypermarkets, and online stores.

On the basis of region, the global socks market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

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The Asia Pacific socks market is expected to account for major revenue share as compared to that of other regions. This is attributed to increasing fashion trends among individuals and rising retail sector in countries of the region. Further, the market in Europe expected to account for a second-highest market share in terms of revenue over the forecast period. This is due to growing adoption of woolen socks due to relatively cold weather in countries of the region.

Key players operating in the global socks market includes Adidas A.G., Nike Inc., Puma S.E, Renfro Corporation, Asics Corporation, United Legwear & Apparel Co, Thai Sock Co Ltd, Converse Inc., Supersox and Disney, Under Armour, Inc., Saucony, LLC, Williamson-Dickie Manufacturing Company, LLC, and Darn Tough Vermont.

Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Material
Market Snippet, By End-User
Market Snippet, By Distribution Channel
Market Snippet, By Region
Opportunity Map Analysis

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Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

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