Market Overview:
The global novelty socks market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the novelty socks market can be attributed to various factors such as increasing demand for comfortable and stylish clothing, growing online retail sales, and rising disposable income of consumers. The global novelty socks market is segmented on the basis of type, application, and region. On the basis of type, the global novelty socks market is segmented into cotton, woolen, synthetic fiber based products and others (including bamboo fiber etc.). Cotton-based novelties are expected to account for a major share in terms of revenue in 2018 owing to their high comfort levels and easy availability across regions. Synthetic fiber based novelties are anticipated to witness highest growth during the forecast period due to their properties such as durability and wrinkle resistance which make them ideal for formal occasions. In terms of application, online sales accounted for majority share in 2017 owing to convenience offered by this channel coupled with increasing penetration of internet users globally.
Product Definition:
A novelty sock is a type of sock that is made to be unique and often humorous in design. They are commonly seen as gifts, and are often used for special occasions.
Cotton:
Cotton is a soft and fluffy staple fiber that is obtained from the protective casing known as boll that surrounds the cotton seeds. Cotton can be processed into many types of yarns and fabrics. The most common type of cotton used for fabric production is called ginning, which separates the fibers from the seed. Ginned cotton can be carded, combed or spun to make various textile products such as yarns & fabrics, linter, roving and thread.
Wool:
Wool is a natural fiber, found in the fleece of various animals. Wool can be categorized as animal wool, vegetable wool or synthetic (man-made) wool. Wool fibers are long and thin with an oily coating that helps to keep them together. They are stronger than cotton but weaker than steel wire; hence they are extensively used for making yarns which can be woven into various fabrics such as carpets, clothing & accessories and others.
Application Insights:
The online sales application segment held the largest market share of more than 60% in 2017. The growth can be attributed to the easy availability of products through online channels and e-commerce websites. Moreover, a rise in e-commerce portals has led to an increase in product visibility, which is also likely to propel the demand over the forecast period.
Offline sales are expected to expand at a CAGR of XX% from 2018 to 2030 owing to high retail exposure and penetration coupled with strong distribution channel for novelty socks across countries such as India, China and Australia among others. Furthermore, factors such as high consumer spending capacity due popular culture trends will further boost industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for socks from countries, such as China and India. The growing population in these countries has led to an increase in consumer spending on luxury goods, including socks. Moreover, the presence of key manufacturers and exporters of novelty socks is also expected to drive growth over the forecast period.
The European market is anticipated to witness significant growth over the forecast period due to rising disposable income among consumers coupled with a rise in online sales by companies based there. In addition, high purchasing power enables consumers buy more expensive products; thus driving product sales across all categories including luxury ones such as novelty socks.
Growth Factors:
- Increasing demand for novelty socks from the young generation.
- Rising popularity of online shopping among consumers, which is aiding the growth of the novelty socks market.
- Proliferation of e-commerce platforms that are offering a wide range of novelty socks products at competitive prices is fuelling the growth of this market.
- Growing trend of customization in clothing, especially among youngsters, is boosting demand for novelty socks in the market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Novelty Socks Market Research Report
By Type
Cotton, Wool, Synthetic Fiber, Other
By Application
Online Sales, Offline Sales
By Companies
Uniqlo, Mr. Gray, Bombas, Puma, American Trench, Calvin Klein, Tabio, Hot Sox, Anonymous Ism, Stance, Happy Socks, Afrisocks, CDLP, Pantherella, Issey Miyake, Bugatchi, Ace & Everett
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Novelty Socks Market Report Segments:
The global Novelty Socks market is segmented on the basis of:
Types
Cotton, Wool, Synthetic Fiber, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Uniqlo
- Mr. Gray
- Bombas
- Puma
- American Trench
- Calvin Klein
- Tabio
- Hot Sox
- Anonymous Ism
- Stance
- Happy Socks
- Afrisocks
- CDLP
- Pantherella
- Issey Miyake
- Bugatchi
- Ace & Everett
Highlights of The Novelty Socks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cotton
- Wool
- Synthetic Fiber
- Other
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Novelty Socks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Novelty socks are socks that have a different design or color than the standard sock.
Some of the major companies in the novelty socks market are Uniqlo, Mr. Gray, Bombas, Puma, American Trench, Calvin Klein, Tabio, Hot Sox, Anonymous Ism, Stance, Happy Socks, Afrisocks, CDLP, Pantherella, Issey Miyake, Bugatchi, Ace & Everett.
The novelty socks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Novelty Socks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Novelty Socks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Novelty Socks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Novelty Socks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Novelty Socks Market Size & Forecast, 2018-2028
4.5.1 Novelty Socks Market Size and Y-o-Y Growth
4.5.2 Novelty Socks Market Absolute $ Opportunity
Chapter 5 Global Novelty Socks Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Novelty Socks Market Size Forecast by Type
5.2.1 Cotton
5.2.2 Wool
5.2.3 Synthetic Fiber
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Novelty Socks Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Novelty Socks Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Novelty Socks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Novelty Socks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Novelty Socks Analysis and Forecast
9.1 Introduction
9.2 North America Novelty Socks Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Novelty Socks Market Size Forecast by Type
9.6.1 Cotton
9.6.2 Wool
9.6.3 Synthetic Fiber
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Novelty Socks Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Novelty Socks Analysis and Forecast
10.1 Introduction
10.2 Europe Novelty Socks Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Novelty Socks Market Size Forecast by Type
10.6.1 Cotton
10.6.2 Wool
10.6.3 Synthetic Fiber
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Novelty Socks Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Novelty Socks Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Novelty Socks Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Novelty Socks Market Size Forecast by Type
11.6.1 Cotton
11.6.2 Wool
11.6.3 Synthetic Fiber
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Novelty Socks Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Novelty Socks Analysis and Forecast
12.1 Introduction
12.2 Latin America Novelty Socks Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Novelty Socks Market Size Forecast by Type
12.6.1 Cotton
12.6.2 Wool
12.6.3 Synthetic Fiber
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Novelty Socks Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Novelty Socks Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Novelty Socks Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Novelty Socks Market Size Forecast by Type
13.6.1 Cotton
13.6.2 Wool
13.6.3 Synthetic Fiber
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Novelty Socks Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Novelty Socks Market: Competitive Dashboard
14.2 Global Novelty Socks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Uniqlo
14.3.2 Mr. Gray
14.3.3 Bombas
14.3.4 Puma
14.3.5 American Trench
14.3.6 Calvin Klein
14.3.7 Tabio
14.3.8 Hot Sox
14.3.9 Anonymous Ism
14.3.10 Stance
14.3.11 Happy Socks
14.3.12 Afrisocks
14.3.13 CDLP
14.3.14 Pantherella
14.3.15 Issey Miyake
14.3.16 Bugatchi
14.3.17 Ace & Everett
