Press release
Global Sports and Athletic Socks Market Surge Valuation US$ 6.53 Bn by 2022
Factors Fuelling Growth of the Global Market
Growing prevalence of foot ulcers and allergies among sportsmen is projected to fuel demand for sports and athletic socks in the sports industry. Manufacturers are embedding advanced technology in the hosiery products attributed to increasing demand for smart clothes. Moreover, manufacturers are embedding additional padding in the sports socks, which inhibits foot ulcers among the sportsmen.
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Sports and athletic socks further witness considerable demand among the diabetic patients as they are compression fit. Further, manufacturers are increasingly integrating enhanced technology in the hosiery products, which enables the diabetic patients to track and monitor their blood and sugar level. Smart socks are likely to witness significant demand among athletes and sportsmen as they can conveniently monitor their heart and respiratory rate. These factors are projected to fuel growth of the global market of sports and athletic socks market during the predicted period.
Casual Sports Socks to Represent Leading Segment
Cotton blend is projected to represent a relatively high growth in terms of revenue in the global market of sports and athletic socks. The cotton blend segment is projected to represent more than US$ 1,000 Mn in the global market by 2022 – end. Synthetic blend among other materials used for production is projected to represent a significant growth in terms of revenue in the global market after cotton blend by 2022 – end. Cotton blend and wool blend is projected to reflect a relatively high CAGR in the global market throughout 2022.
Men’s sports is projected to represent a relatively high growth in terms of revenue in the global market. The men’s sports segment is projected to represent more than US$ 1000 Mn in the global market of sports and athletic socks by 2017 – end. Women’s sports among other genders is projected to represent a significant growth in terms of revenue after men’s sports by 2017 – end. Men’s sports is projected to reflect a relatively high CAGR in the global market throughout 2022.
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Casual sports socks is projected to represent a relatively high growth in terms of revenue in the global market. The casual sports socks is projected to represent around US$ 600 Mn in the global market of sports and athletic socks by 2022 – end. Soccer socks among other activities is projected to represent a significant growth in terms of revenue by 2022 – end. Basketball is projected to reflect a relatively high CAGR in the global market of sports and athletic during the predicted period.
Modern trade among other channels is projected to represent a relatively high growth in terms of revenue in the global market. The modern trade segment is projected to represent more than US$ 500 Mn in the global market of sports and athletic sports by 2017 – end. Franchised sports outlet among other sales channel is projected to represent a significant growth in terms of revenue in the global market by 2017 – end. Third party online among other sales channel is projected to reflect a relatively high CAGR throughout 2022.
Market Players
Major market players in the global market of sports and athletic socks are Adidas, Nike, All Star, MacGregor, Select Sports, Wilson, Mizuno, Easton-Bell Sports, and Rawlings.
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