The latest report by IMARC Group, titled “Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global socks market exhibited moderate growth during 2015-2020. 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 increasing number of working professionals and the growing adoption of the formal business working environment are some of the key factors driving the socks market. Besides this, the rising number of individuals opting for sports as their career option is further propelling the demand for compression socks, which help in uplifting the blood flow and minimizing jarring, vibration, and stress in the muscles to enhance the performance of the athletes. Moreover, the escalating awareness towards the impact of diabetes on the feet of the patients is acting as another significant growth-inducing factor. In addition to this, several leading market players are launching customized socks via online channels, which is also augmenting the global market. Furthermore, the introduction of advanced product variants that can track temperature, movement, location, and other parameters is anticipated to bolster the socks market in the coming years.
Looking forward, the market is expected to exhibit a CAGR of 5% during the forecast period (2021-2026).
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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
- Thorlos
- Under Armour Inc
Socks Market Segmentation:
Our report has categorized the market based on region, product, material, application and distribution channel.
Breakup by Product:
- Casual
- Formal
- Athletic
- Others
Breakup Material:
- Nylon
- Cotton
- Polyester
- Wool
- Waterproof Breathable Membrane
- Others
Breakup by Application:
- Men
- Women
- Children
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
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 (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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