Global Socks Market Valued at US$ 53.87 Billion in 2022, Expected to Reach US$ 82.62 Billion by 2029 with a CAGR of 6.3%

19.09.2023: Socks Market Report Scope and Research Methodology

Socks play a crucial role in absorbing moisture, preventing shoe-induced discomfort, providing cushioning, and keeping feet warm. As the global demand for formal dress codes in professional settings grows, the significance of socks as a fashion accessory is expected to increase. Additionally, the rising focus on health and fitness among adults is driving the demand for specialized socks designed for sports and fitness activities. These factors, coupled with the increased prevalence of diabetic foot conditions, have led to the development of personalized diabetic socks to reduce the risk of foot ulcers.

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What are Socks Market Dynamics?

The market dynamics of the global socks industry are multifaceted and encompass several key factors. The rising popularity of formal dress among white-collar professionals, coupled with increased expenditure on health and fitness, is expected to boost the demand for various types of socks. Moreover, personalized diabetic socks have emerged to address the needs of individuals with diabetic foot conditions.

In emerging economies like China, Bangladesh, India, and Mexico, the penetration of corporate offices is growing. Simultaneously, the increasing number of smartphone users in these countries is prompting sock manufacturers to offer cost-effective product versions and value-added services such as cash-on-delivery to cater to a broader consumer base.

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What is Socks Market Segmentation?

Product Type: The market segments include Athletic Socks, Specialty Socks, Trouser Socks, Casual Socks, and Multiple Toe Socks. Casual socks are expected to dominate, thanks to their versatility, comfort, and widespread availability. Brands like Mustang Socks & Accessories, Goodfellow & Co, Sock Talk, and Kane Socks Company are popular choices among consumers. Athletic socks, catering to the needs of athletes and fitness enthusiasts, are projected to witness significant growth due to new product developments by companies like Nike and Adidas.
Material Type: The market segments include Nylon, Cotton, Polyester, Wool, and Others. Nylon and Polyester segments are anticipated to grow rapidly due to the durability and comfort they offer. Nylon socks can be light and smooth or thick and highly elastic, while Polyester socks are soft, warm, lightweight, and moisture-wicking.
Gender Type: The market segments include Men, Women, and Kids. The men's segment is expected to witness substantial growth, driven by increasing acceptance of socks as accessories to casual and business wear.

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Who are Socks Market Key Players?

1. Adidas A.G.
2. Nike Inc.
3. Puma S.E.
4. Renfro Corporation
5. Asics Corporation
6. THORLO, Inc.
7. Balega
8. Drymax Technologies Inc.
9. Hanesbrands Inc
10. Gildan Activewear Inc.
11. Industria de Diseño Textil, S.A
12. Jockey
13. Mizuno
14. Rawlings
15. Salomon/ Amer Sports
16. Under Armour, Inc.
17. Bridgedale
18. Delta Galil
19. Darn Tough
20. Camano
21. Falke
23. Monnet
22. Seger

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Table of content for the Socks Market includes:

Part 01: Executive Summary

Part 02: Scope of the Socks Market Report

Part 03: Global Socks Market Landscape

Part 04: Global Socks Market Sizing

Part 05: Global Socks Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

North America leads the Socks Market, with a 43% share, followed by Europe at 26%. North America is expected to reach US$ XX billion by 2029, driven by government initiatives, well-developed healthcare infrastructure, and a high incidence of cancer. Asia-Pacific is projected to be the fastest-growing region with a CAGR of 11.5%, driven by reduced manufacturing costs, skilled workforce, and a focus on affordable medicine procurement.
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)

Past Pricing and price curve by region (2018 to 2022)

Market Size, Share, Size & Forecast by different segment | 2023-2029

Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region

Market Segmentation - A detailed analysis by Product

Competitive Landscape - Profiles of selected key players by region from a strategic

perspective

Competitive landscape - Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER's analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis

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