Socks Market Size, Growth Rate Analysis Forecast Report 2020-2025

Posted by Shiva on March 27th, 2020

Socks Market Introduction:

Socks Market is estimated at USD xx in 2019 and expected to reach USD xx by 2024, growing at the rate of xx% CAGR.

However, increased smartphone users penetration in these countries has forced sock manufacturers, along with various value-added products, including cash-on-delivery service, to release their consumer variants at reduced prices. The global socks market will also be driven by this in the forecast period.

In addition, increased health and fitness expenditures among adults will lead to demands for various shoe accessories, such as sports socks and knee socks for exercise in gyms and health clubs. In the past few years, a variety of health workers have spent on publishing various papers on healthy foot maintenance as foot disorders associated with diabetic pat are increasing.

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Market Segmentation

Socks Market By Product 

  • Casual
  • Athletic

Socks Market By Application 

  • Men
  • Women

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Asia Pacific will grow by 7.2% between 2019 and 2025 in the most rapid CAGR. In developing countries, including China, Bangladesh, Pakistan and India, population growth, rising disposable incomes, and urbanization are expected to have positive effects on market growth. Additionally, there are plans to open up new advances for domestic players to increase their spending on buying luxury sports products such as skates and socks in India and Australia, including Indian Premier League (IPL) and the Big Bash League.

In North America, the share of global sales in 2018 was 19.8 percent. Main players in the sector such as Adidas A.G., Adidas Inc. and Puma S.E. have a strong foundation. The continuing product access to buyers is expected to be guaranteed in the retail and wholesale networks in the USA and Canada. In addition, some companies produce custom socks to satisfy sport professionals' requirements.

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Key players in the market:

Nike Inc.; Puma S.E.; Adidas A.G.; Asics Corporation; THORLO, Inc.; Balega; Drymax Technologies Inc. and Under Armour, Inc. are the key players in the business. The growth of the market was greatly contributed to by the numerous celebrity endorsements of popular brands. Nike employs other fitness professionals to sell its goods for shoes and socks, for example.

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Joined: June 11th, 2019
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