Global Socks Market Size To Exceed USD 83.26 Billion By 2033 | CAGR Of 5.65%
Category: Consumer GoodsGlobal Socks Market Size To Exceed USD 83.26 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Socks Market Size Expected to Grow from USD 48.04 Billion in 2023 to USD 83.26 Billion by 2033, at a CAGR of 5.65% during the forecast period 2023-2033.
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Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on the "Global Socks Market Size, Share, and COVID-19 Impact Analysis, By Product (Casual, Formal, Athletic, Others), By Material (Nylon, Cotton, Polyester, Wool, Waterproof Breathable Membrane, Others), By Application (Men, Women, Children), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Stores, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/socks-market
A sock is a snug layer for feet, made from soft fabric that extends from toes to just above the ankle or higher. It not only provides warmth and cushioning but also protects skin from the friction of shoes and cold surfaces, ensuring each step feels softer and more comfortable. The growing popularity of athleisure wear and a rising fitness awareness are boosting demand for sports and performance socks. Innovations in materials and manufacturing have led to high-performance options, driving market revenue. E-commerce platforms have also transformed the socks market, offering consumers worldwide a diverse selection and the convenience of comparing products and reviews effortlessly. However, the influx of affordable alternatives is negatively impacting the sock industry, as consumers increasingly choose lower-quality options. This trend undermines premium brands, resulting in market saturation with cheap products and diminished perceived value, which ultimately hamper growth and innovation.
The casual segment is expected to hold the largest share of the global socks market during the anticipation timeframe.
Based on the product, the global socks market is categorized into casual, formal, athletic, and others. Among these, the casual segment is expected to hold the largest share of the global socks market during the anticipation timeframe. Casual socks offer everyday comfort and style, ideal for both home and office settings. Made from a blend of cotton, polyester, and spandex, they ensure breathability and durability while providing a snug fit. Available in a variety of designs and colours, these socks cater to diverse preferences and play a crucial role in the growth of the global socks market.
The cotton segment is expected to grow at the fastest CAGR during anticipation timeframe.
Based on the material, the global socks market is categorized into nylon, cotton, polyester, wool, waterproof breathable membrane, and others. Among these, the cotton segment is expected to grow at the fastest CAGR during the anticipation timeframe. Cotton socks are popular for their comfort, moisture-wicking abilities, and hypoallergenic qualities, making them perfect for daily wear. Their wide range of patterns and affordability drive market growth while rising demand for sustainable materials resonates with consumers' eco-friendly preferences.
The men segment is expected to hold the largest share of the global socks market during the anticipation timeframe.
Based on the application, the global socks market is categorized into men, women, and children. Among these, the men segment is expected to hold a significant share of the global socks market during the anticipation timeframe. Men's socks are versatile essentials for formal events, casual outings, and sports. Made from materials like cotton, wool, and synthetic blends, they offer comfort and durability. Innovations such as moisture-wicking fabrics and cushioned soles are setting new trends and expanding market opportunities.
The supermarkets and hypermarkets segment are predicted to dominate the global socks market during the anticipation timeframe.
Based on the distribution channel, the global socks market is categorized into supermarkets and hypermarkets, convenience stores, online stores, and others. Among these, the supermarkets and hypermarkets segment is predicted to dominate the global socks market during the anticipation timeframe. The socks market is expanding due to easy access, a wide range of styles, and the convenience of buying alongside groceries. Consumers benefit from checking products, enjoying discounts, and exploring brands, while strategic placement in busy areas boosts impulse purchases and socks market growth.
Asia-Pacific is projected to hold the largest share of the global socks market over the anticipated timeframe.
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Asia-Pacific is projected to hold the largest share of the global socks market over the anticipated timeframe. Rising disposable incomes and increased fashion awareness are driving the socks market, particularly due to urbanization and a growing middle class. This region has become a key production hub, supported by strong manufacturing capabilities and access to affordable raw materials. Additionally, the expansion of e-commerce and physical stores enhances accessibility and variety, creating a dynamic environment that fuels substantial market growth.
Europe is expected to grow at the fastest CAGR growth of the global Socks market during the anticipation timeframe. Europe's socks market is set for strong growth, driven by rapid industrial development and rising disposable incomes. Evolving fashion trends and increased footwear usage have contributed to this expansion, while the focus on customized socks for sports professionals is further boosting demand.
Major vendors in the global socks market are Skechers USA, Inc., Hanesbrands Inc., Under Armour, Inc., VF Corporation, Jockey International Inc., Drymax Technologies Inc., Nike Inc., Puma S.E., Adidas A.G., Asics Corporation, Thorlo, Renfro Brands, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In December 2023, At the multipurpose indoor stadium known as O2, located in London, UK, Under Armour, Inc. opened its first outlet store. The store is created as a component of the brand's new Factory House retail strategy. This 3,949-square-foot store offers sporting gear, shoes, and accessories.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global socks market based on the below-mentioned segments:
Global Socks Market, By Product
- Casual
- Formal
- Athletic
- Others
Global Socks Market, By Material
- Nylon
- Cotton
- Polyester
- Wool
- Waterproof Breathable Membrane
- Others
Global Socks Market, By Application
- Men
- Women
- Children
Global Socks Market, By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Global Socks Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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