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Global socks Market
Posted: Aug 13, 2019
Global socks Market was valued US$47.3 Bn in 2017 and is estimated to reach approximately US$77.9 Bn by 2026 at a CAGR of about 6.44 % during a forecast.
Global socks market is segmented by product, by material, by gender, and by region. In terms of product, the global socks market is classified into specialty socks, athletic socks, trouser socks, women's socks, casual socks, others. Based on Material, socks market is divided into nylon, cotton, polyester, wool, others. Men, women, and kids are the end-user segment of socks market. Geographically, socks market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Socks is majorly driven by footwear demand. Enhanced fashion sense in the population and the growing abundance of e-commerce sector is anticipated to boost the socks market in the forecast years. Demand for various socks types is driven by increasing demand for different footwear. Transformation of the traditional item into a luxury product will further fuel growth to the market growth.
Global socks Market
Athletic shoes are expected to boost demand for athletic socks. High demand for specialty socks. Wearing the socks during exercise is believed to aid performance, increase oxygen delivery and blood flow, reduce the jarring, vibration and stress to the muscles, and prevent soft tissue damage.
Nylon and polyester socks hold a major share of the global socks market. Synthetic fibers, particularly nylon, are strong and make an excellent choice for socks. The durability of synthetic fibers adds growth to the socks market. Demand for natural fibers such as cotton and wool is expected to decline, especially in developing economies.
Men segment comprises the largest market share in 2017. Around 80 % of men wear socks every day. Extensive usage of socks by men and improving fashion trend men’s segment will be witnessing steady growth at a considerable rate. Women and kids segment exhibits significant growth.
The Asia Pacific dominates the global socks market and is anticipated to continue its dominance throughout the forecast year. Increasing population and growing spending by them on luxury apparel goods. Rapidly growing e-commerce, specifically in countries including India, China, Singapore, and Malaysia, are further propelling the growth of the global socks market. North America is expected to witness considerable growth.
Adidas A.G., Nike Inc., Puma S.E., Renfro Corporation, Asics Corporation, THORLO, Inc., Balega, Drymax Technologies Inc., Hanesbrands Inc. and Under Armour, Inc. are key players of socks market.
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Scope of the Global Socks Market
Global Socks Market By Product Type:
- Athletic Socks
- Specialty Socks
- Trouser Socks
- Casual Socks
- Multiple Toe Socks
Global Socks Market By Material Type:
Global Socks Market By Gender Type:
Global Socks Market By Region:
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Key Player analyzed in Global Socks Market:
- Adidas A.G.
- Nike Inc.
- Puma S.E.
- Renfro Corporation
- Asics Corporation
- THORLO, Inc.
- Drymax Technologies Inc.
- Hanesbrands Inc
- Under Armour, Inc.
This Report Is Submitted By @ Maximize Market Research Company
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals,