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Sports and Athletic Socks Market: Sales through Modern Trade Channel to Generate Significant Revenues between 2017 and 2022
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Sports and athletic socks is worn by sportsmen for enhanced performance in athletic events. Textile manufacturers are increasingly integrating advanced technology in the hosiery stock, which enables the end users to track and monitor their heart and respiration rate. Smart sports socks are also used by the diabetic patients to monitor their sugar levels.
The global sports and athletic socks market is expected to register a moderate CAGR growth, and will represent a value of over US$ 6,000 Mn by the end of 2025.
Demand for Smart Sports Socks among Athletes
From apps, accessories to hosiery, now fitness records can be tracked through what you wear. As manufacturers are integrating enhanced technology in a range of clothes, recent trend has been witnessing considerable demand for smart socks. More than just a pair of woollen that keep your feet warm, manufacturers are producing socks pertaining to the specific requirements of the user. These socks are embedded with enhanced technology help in tracking the health and sugar levels of the diabetic patients.
Healthcare Industry to Witness High Demand
As compared to the traditional socks, the diabetic socks have the moisture wicking features and its antimicrobial growth prevents prevalence of fungal and bacterial infections on moisture prone region of the feet. The high-end diabetic socks comprise copper and silver threading, which helps in preventing fungi and bacterial growth that lead to foot odour and infections. These sports socks are equipped with padding at the ball of the foot, which help in preventing ulcers. Bound to such factors, sports and athletic socks is expected to witness robust demand in the healthcare industry.
Considerable Demand in the Sports Industry
Apart from healthcare industry, the smart sports socks are equipped enhanced features that enable the end users to sprint or jog comparatively fast. Attributed to additional padding in the socks enhances the performance of the sportsmen as they can conveniently jump while playing sports such as basketball, soccer, and tennis. Equipped with compression fit features, the sports socks help in increasing the blood circulation in legs. These socks are prescribed to improve the leg vein issues. Such factors are expected to fuel demand for sports socks in the sports industry.
Cotton Blend to Represent a Leading Segment
Casual sports socks is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of nearly US$ 600 Mn in the global sports and athletic socks market by the end of 2022. Soccer socks is expected to represent the second highest revenue growth in the global market by the end of 2022. Through 2022, basketball socks is expected to register the highest CAGR growth in the global market, followed by direct to customer brand outlet.
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Modern trade channel is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 500 Mn in the global sports and athletic socks market by the end of 2017. Franchised sports outlet is expected to represent the second highest revenue growth in the global sports and athletic socks market by the end of 2017. Third party online channel is expected to register the highest CAGR growth in the global sports and athletic socks market, followed by direct to customer brand outlet.
Cotton blend is expected to witness the highest revenue share in the global market. This segment is expected to represent a value of over US$ 1,000 Mn in the global sports and athletic socks market by the end of 2022. Synthetic blend is expected to represent the second highest revenue growth in the global market. Wool blend and cotton blend is expected to register the highest CAGR growth in the global market through 2022.
Men’s sports is expected to generate the highest revenue share in the global market. This segment is expected to represent a value of over US$ 1,000 Mn in the global sports and athletic socks market by the end of 2017. Women’s sports equipment is expected to represent the second highest revenue growth in the global market by the end of 2017. Men’s sports is expected to register the highest CAGR in the global market, followed by women’s sports.
Competitive Tracking
Leading market players operating in the global sports and athletic socks include Nike, Adidas, MacGregor, All Star, Wilson, Select Sports, Rawlings, Mizuno, and Easton-Bell Sports.
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