Press release
Socks Market to Exceed US$ 21,517.9 Mn in 2017, Globally
The global socks market is anticipated to witness significant growth in the near future owing to increasing urbanization and a steady rise in the working population across the globe. In a new report titled “Socks Market: Global Industry Analysis (2012-2016) & Forecast (2017-2025),” Persistence Market Research presents an in-depth analysis and forecast of the global socks market over an eight year forecast period. The report highlights the key factors impacting the market from a revenue and sales standpoint and also studies the performance of the global socks market across major geographies and regional markets.
The emergence of socks as a fashion accessory among millennials is significantly contributing to the growth in revenue of the global socks market. Besides, a rising health awareness among consumers is also fueling the global market for different types of socks. Furthermore, an increasing penetration of organized players in the global market is furthering the development of the market and supporting growth in revenue.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/socks-market.asp
The global socks market is challenged by the availability of a widespread range of counterfeit products that threaten the sales of authentic branded socks. Besides, a low product differentiation among end consumers coupled with the presence of a highly unorganized market in developing economies are other factors that are likely to negatively impact revenue growth of the global socks market during the forecast period.
The global socks market is challenged by the availability of a widespread range of counterfeit products that threaten the sales of authentic branded socks. Besides, a low product differentiation among end consumers coupled with the presence of a highly unorganized market in developing economies are other factors that are likely to negatively impact revenue growth of the global socks market during the forecast period.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13948
APAC is slated to be the dominant regional market and is estimated to hold about 45% market share by the end of the forecast period. The APAC and Europe regional markets collectively accounted for approximately 2/3rd of the total revenue generated in 2016
Athletic socks is the leading segment by product type and is projected to grow at 8.0% CAGR in terms of revenue during the forecast period. The athletic socks and casual socks segment collectively contributed more than 50% of the total revenue in 2016
Among end users of socks, the men segment is projected to register the highest value and volume CAGR during the forecast period. Owing to an increasing global expenditure on apparel and accessories, the kids segment is expected to exhibit significant CAGR
By base material, the cotton segment is expected to hold relatively high value share throughout the forecast period and also register the highest value and volume CAGR
In terms of length, the quarter/anklets segment is anticipated to witness robust expansion with a significant value CAGR over the forecast period. The liner segment is expected to increase 1.7X in terms of revenue from 2017 to 2025, owing to an increasing fashion trend among individuals
Among the various sales channels, multi brand outlets are expected to remain dominant in terms of generating revenue over the forecast period. The online retailers segment is anticipated to witness the highest segmental CAGR of 8.8% in terms of volume and 9.2% in terms of value during 2017 – 2025
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/socks-market/toc
The report features the key players in the global socks market including Renfro Corporation, The Phillips-Van Heusen Corporation, Gildan Activewear Inc, Kering Group, Adidas AG, Nike, Inc, ASICS Corporation, Gap, Inc., Hennes & Mauritz AB, Industria de Diseño Textil SA, Hanesbrands, Inc., Delta Galil Industries Ltd., Carter's, Inc, Stance, Inc., VF Corporation, Under Armour, Inc., Ralph Lauren Corporation, BLACKSOCKS SA, FALKE KGaA, and Jockey International, Inc.
Global Market Study on Socks is available for US$4,900 http://www.persistencemarketresearch.com/checkout/13948
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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