Press release
Socks Market Forecast 2015 - 2025 Rising Demand Driven by Improving Fashion Trends and Growing Retail Sector
The growth of the socks market is attributed to the rapid expansion of the retail network in developing economies primarily China, Brazil, and India. Increasing population and disposable income in these regions is expected to further drive the retail sector, which in turn is increasing the demand for socks. Asia Pacific accounted for the largest market share for socks. North America and Europe also contributed a considerable market share; however, growth in these regions is stagnant or has reached a stage of maturity, especially in Europe. Asia Pacific and Europe are likely to have better growth potential during the forecast period due to the rise in population, GDP, and favorable government policies to boost the growth of the organized sector in these regions. The major opportunities for the global socks market lies in the improved fashion trends powered by rising income. Application specific customization of socks is creating new opportunities in the market.
The global socks market was valued at US$42.07 bn in 2016 and it is expected to expand at a CAGR of 6.7% from 2017 to 2025.
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Global Socks Market: Segmentation
Specialty socks are the largest product segment in the socks market. The primary driver for the specialty socks market is its healthcare application. Further, in 2015, athletic socks segment contribute second largest market share. Athletic socks are majorly used for sports and gym purposes; however, they can also be used as casual wear with informal footwear. Trouser socks are accessories used along with formal footwear by both men and women. In terms of materials segment, cotton type accounts for the largest market share at almost one third of the total market. However, the nylon and polyester type socks are expected to show significant CAGR growth during the forecast period 2027 – 2027.
This market research study analyzes the socks market globally and provides estimates in terms of revenue (US$ Mn) from 2015 to 2025. It recognizes the drivers, restraints, and opportunities affecting the industry and analyzes their impact over the forecast period.
Global Socks Market: Regional Outlook
The report segments the market on the basis of geography into Europe, North America, Asia-Pacific (APAC), and Middle East & Africa, and South America. The market have been estimated in terms of revenue (US$ Mn). The report segments the market in terms of product type as specialty socks, athletic socks, trouser socks, women's socks, casual socks, and others. It also segments the market on the basis of materials used for manufacturing socks as nylon, cotton, polyester, wool, waterproof breathable membrane, and others. All these segments have also been estimated on the basis of geography in terms of revenue (US$ Mn). For better clarity of the consumers’ perspective, the report segments the market by gender into men’s socks, women’s socks, and kids’ socks. The market is segmented based on the age group into 0 – 14, 15 – 24, 25 – 34, and above 35. Moreover based on the distribution channel the market is segmented into wholesale and retail.
For better understanding of the socks market, we have provided key market trends. Furthermore, the study comprises distribution channel analysis, where distribution networks are benchmarked based on their percentage sales and general attractiveness.
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Global Socks Market: Competitive Outlook
The report provides company market share analysis of various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies, and recent developments in the field of socks. Major market participants profiled in this report include Adidas A.G., Nike Inc., Puma S.E., Renfro Corporation, Asics Corporation, THORLO, Inc., Balega, Drymax Technologies Inc., Hanesbrands Inc. and Under Armour, Inc.
The global socks market has been segmented as follows:
Global Socks Market: By Type
Athletic Socks
Specialty Socks
Trouser Socks
Casual Socks
Multiple Toe Socks
Global Socks Market: By Material
Nylon
Cotton
Polyester
Wool
Waterproof Breathable membrane
Others
Global Socks Market: By Gender
Men
Women
Kids
Global Socks Market: By Distribution Channel
Wholesale
By Retail
Online
Supermarkets & Hypermarkets
Others
Global Socks Market: By Age
0-14
15-24
25-34
Above 35
Global Athletic Socks Market: By Sports
Running
Cycling
Ball Games
Pressurized Socks
Others
Global Socks Market: By Geography
North America
U.S.
Canada
Rest of North America
Europe
The U.K
Germany
France
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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