The latest report by IMARC Group, titled “Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on socks market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global socks market is expected to exhibit a CAGR of 5.2% during 2022-2027.
Socks are a piece of clothing that covers the part of the ankle or calf and protect the feet from dust, germs, blisters and fungus. They are fabricated using various materials, such as cotton, nylon, wool, acrylic, olefin, polyester, silk, bamboo, cashmere, or mohair, to increase the softness. In cold environments, woolen socks help warm up cold feet to decrease the risk of getting frostbite. They also prevent the rubbing of shoes on the bare feet and absorb the perspiration of the foot as it is the heaviest producer of sweat in the body, which helps maintain hygiene.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Socks Market Trends:
The global socks market is primarily driven by the rising adoption of formal attire, especially by white-collar professionals in corporate offices and children in schools. Socks are also in high demand among athletes as they help to increase oxygen delivery and blood flow, and reduce jarring, vibration, and stress to the muscles during sports activities. Besides this, as individuals are increasing their health and fitness expenditure, the demand for sports and ankle socks for use during workouts in gyms and health clubs has escalated worldwide. Furthermore, healthcare professionals are emphasizing the need to maintain healthy feet due to the rising cases of foot-related disorders, especially in diabetic patients. As a result, several companies, such as Dr. Oxyn and Podolite, have introduced customizable diabetic socks that reduce the chances of foot ulcers and infections.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Adidas AG
- ASICS Corporation
- Drymax Technologies Inc.
- Hanesbrands Inc
- Implus Footcare LLC
- Nike Inc
- Puma SE
- Renfro Brands
- Under Armour Inc
Socks Market Segmentation:
Our report has categorized the market based on region, product, material, application and distribution channel.
Breakup by Product:
- Waterproof Breathable Membrane
Breakup by Application:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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