Press release
Waterproof Socks Market Expected to Reach $43.57 Million by 2032, Growing at a CAGR of 4.3%
According to Polaris Market Research analysis, the global waterproof socks market was valued at USD 28.51 million in 2022 and is projected to reach USD 43.57 million by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2023-2032.
Market Overview
Waterproof socks are specialized socks designed to keep the feet dry in wet conditions by preventing water from entering through the fabric. They achieve this by using a waterproof and breathable membrane as one of the layers of the socks. The two features of this membrane work cohesively to keep feet dry, with waterproofing retaining water out and the breathable properties allowing moisture and sweat to escape from the sock.
Waterproof socks aren't much different than normal socks, but wearing them is a practical decision to stay comfortable and ready for any condition. This instills a sense of confidence, which is important for outdoor enthusiasts or military personnel who require to be specific that their gear can manage several conditions without sacrificing comfort.
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Market Drivers
Growing Advancements in Fabrics: Recently, makers globally have been concentrating on the development and integration of advanced materials and fabrics that are not only waterproof but also breathable, allowing moisture and sweat to escape effortlessly while prohibiting exterior moisture from penetrating the socks. These innovations have contributed to an increase in the demand for waterproof socks.
Rising Usage in Sportswear: There has been a significant surge in the demand for multipurpose sportswear, particularly among adventure enthusiasts taking part in activities such as hiking, cycling, jogging, snow sports, and mountain biking, among others. Additionally, the growing popularity of outdoor ventures such as camping, fishing, trekking, and hiking that has caused a rise in the demand for waterproof socks.
Competitive Landscape
The market has been witnessing an increasing trend of expansions and new product launches as several players worldwide are devising new strategies to stay ahead. Key companies in the market are mentioned below:
• Bridgedale Outdoor Ltd.
• Footland Inc.
• Happy Socks
• Injinji Inc.
• Lennon Performance Products Ltd.
• Neo Sport
• Northern Diver
• NRS
• Okamoto Corporation
• Randy Sun
• Recreational Equipment Inc.
• Rocky Brands
• Sealskinz
• SexShell
• Stance
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Waterproof Socks Market Report Highlights
• The mid-calf length socks segment accounted for a noteworthy market share, mainly due to its growing adoption by individuals engaging in outdoor and recreational activities
• The water sports segment held the largest market, which is largely attributable to the emergence of water sports as adventure activities and surging participation in water sports
• The male waterproof socks segment led the market with a significant share, owing to the rise in the male population participating in adventurous activities, including hiking and trekking.
• The online retailers segment will grow at the highest pace, mainly attributed to the growing popularity of online shopping platforms due to its numerous advantageous properties
• Asia Pacific dominated the global market with a substantial share on account of increasing disposable income, allowing them to spend more on outdoor activities
Segmental Outlook
• The waterproof socks market is segmented into product type, application, consumer orientation, sales channel, and region.
• By product type, the mid-calf length socks segment held the largest market share. This can be attributed to notable approval amongst outdoor enthusiasts.
• By application, the water sports segment dominated the market. This is on account of the growing approval of contributions in water sports.
Waterproof Socks Market, Product Type Outlook (Revenue - USD Million, 2019-2032)
• Mid-Calf Length Socks
• Ankle Length Socks
• Knee Length Socks
• Calf Length Socks
Waterproof Socks Market, Application Outlook (Revenue - USD Million, 2019-2032)
• Cycling
• Water Sports
• Trekking
• Snow Sports
• Outdoor
• Others
Waterproof Socks Market, Consumer Orientation Outlook (Revenue - USD Million, 2019-2032)
• Male Waterproof Socks
• Female Waterproof Socks
• Unisex Waterproof Socks
Waterproof Socks Market, Sales Channel Outlook (Revenue - USD Million, 2019-2032)
• Supermarkets & Hypermarkets
• Specialty Stores
• Online Retailers
• Others
Regional Analysis
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
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