Market Overview:
The global socks market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for athletic socks, specialty socks, trouser socks, casual socks and multiple toe socks. Additionally, the growing population of millennials is also contributing to the growth of the global sock market. The global sock market can be segmented on the basis of type into athletic socks, specialty socks, trouser socks, casual shoes and multiple toe shoes. The athletic sock segment is expected to grow at a CAGR of 6% from 2018-2030 owing to rising demand for sports apparel and accessories across the globe. Furthermore, increasing awareness about health and fitness among people has led them towards using performance-enhancing products such as athletic shoes which in turn is boosting demand for Athletic Socks . On account of changing fashion trends and preferences among consumers especially women & children ,the Specialty Socks segmentis projectedto register highest CAGR during forecast period . Moreover ,growing inclinationof men towear fashionable & trendy clothing items has resulted in an increase in sales volumeof Trouser Socks over past few years . Regionally , North America accountedfor largest sharein terms of revenuein 2017and itis anticipatedto maintain its dominanceduring forecast period owing high penetration rateof branded products coupled with rising disposable income levels .
Product Definition:
A sock is a garment worn on the feet, typically made of cotton, wool, nylon or acrylic.
Athletic Socks:
Athletic socks are designed to enhance performance. They can help improve blood circulation, remove swelling & edema, reduce pain and prevent injuries. The market for athletic socks is expected to witness significant growth over the forecast period owing to increasing awareness among consumers regarding sports-related injuries along with growing participation in sports activities across the globe. Increasing participation of children and teenagers in different sporting events is also driving demand for athletic socks over the forecast period.
Specialty Socks:
Specialty socks are designed for people with medical conditions such as diabetes, mobility impairment and other health issues. These socks are used to improve blood circulation in feet by providing cushioning effect and also help in preventing skin irritation.
The global market is expected to witness growth on account of rising geriatric population base which is prone to various diseases including arthritis, osteoporosis and obesity. This factor will further propel the demand for specialty socks over the forecast period.
Application Insights:
Men application segment accounted for the largest share of more than 60.0% in 2017. The growing trend of athleisure among men is expected to be a key factor driving the global socks market over the forecast period. Athleisure is an urban version of sports wear and includes shoes, socks and other apparel that are suitable for normal daily use. Increasing participation rate in sports and fitness activities among working-class males aged between 18 to 30 years is projected to boost product demand globally over the next eight years.
The women application segment was valued at USD 281 million in 2017 owing to increasing awareness about health issues, including obesity, blood pressure levels etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through the forecast period owing to increasing demand for stylish and comfortable socks, especially among women. In addition, growing popularity of sports activities and rising number of health-conscious people are also driving the product demand in this region. Europe accounted for a significant share of revenue in 2017 on account of high adoption rate of fashion accessories among men and women alike.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rapid urbanization along with increasing disposable income levels particularly in China, India, Japan, South Korea & Taiwan (CIX). In addition, rising awareness regarding personal grooming amongst men coupled with increased spending on luxury lifestyle products such as shoes and socks will drive regional growth over next eight years or so.
Growth Factors:
- Increasing demand from the fashion industry for new and trendy designs in socks.
- Growing popularity of activewear, which leads to increased demand for performance socks.
- Rising incidence of foot diseases and disorders, which is expected to boost the demand for socks as a medical device/product.
- Proliferation of online retail channels, which is resulting in increased purchasing power of consumers and growing demand for branded socks products at affordable prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Socks Market Research Report
By Type
Athletic Socks, Specialty Socks, Trouser Socks, Casual Socks, Multiple Toe Socks
By Application
Men, Women, Children
By Companies
Adidas, Asics, Balega, Drymax Technologies, Hanesbrands, Nike, Puma, Renfro, THORLO, Under Armour, Adidas
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Socks Market Report Segments:
The global Socks market is segmented on the basis of:
Types
Athletic Socks, Specialty Socks, Trouser Socks, Casual Socks, Multiple Toe Socks
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
Men, Women, Children
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:
- Adidas
- Asics
- Balega
- Drymax Technologies
- Hanesbrands
- Nike
- Puma
- Renfro
- THORLO
- Under Armour
- Adidas
Highlights of The 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:
- Athletic Socks
- Specialty Socks
- Trouser Socks
- Casual Socks
- Multiple Toe Socks
- By Application:
- Men
- Women
- Children
- 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 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Socks are a type of footwear that cover the feet and lower legs. They are typically made from cotton, wool, or synthetic materials and come in a variety of colors and styles. Socks can be worn with shoes or without them, depending on the climate.
Some of the key players operating in the socks market are Adidas, Asics, Balega, Drymax Technologies, Hanesbrands, Nike, Puma, Renfro, THORLO, Under Armour, Adidas.
The 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 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 Socks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Socks Market Size & Forecast, 2020-2028
4.5.1 Socks Market Size and Y-o-Y Growth
4.5.2 Socks Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Athletic Socks
5.2.2 Specialty Socks
5.2.3 Trouser Socks
5.2.4 Casual Socks
5.2.5 Multiple Toe Socks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.2.3 Children
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Athletic Socks
9.6.2 Specialty Socks
9.6.3 Trouser Socks
9.6.4 Casual Socks
9.6.5 Multiple Toe Socks
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 Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
9.10.3 Children
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Athletic Socks
10.6.2 Specialty Socks
10.6.3 Trouser Socks
10.6.4 Casual Socks
10.6.5 Multiple Toe Socks
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 Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
10.10.3 Children
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Athletic Socks
11.6.2 Specialty Socks
11.6.3 Trouser Socks
11.6.4 Casual Socks
11.6.5 Multiple Toe Socks
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 Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
11.10.3 Children
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Athletic Socks
12.6.2 Specialty Socks
12.6.3 Trouser Socks
12.6.4 Casual Socks
12.6.5 Multiple Toe Socks
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 Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
12.10.3 Children
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Athletic Socks
13.6.2 Specialty Socks
13.6.3 Trouser Socks
13.6.4 Casual Socks
13.6.5 Multiple Toe Socks
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) Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
13.10.3 Children
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 Socks Market: Competitive Dashboard
14.2 Global Socks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adidas
14.3.2 Asics
14.3.3 Balega
14.3.4 Drymax Technologies
14.3.5 Hanesbrands
14.3.6 Nike
14.3.7 Puma
14.3.8 Renfro
14.3.9 THORLO
14.3.10 Under Armour
14.3.11 Adidas
