Reports
Sale
Singapore Socks Market Size, Share, Trends, Growth, Report: By Product Type: Casual Socks, Formal Socks, Athletic Socks, Speciality Socks, Others; By Material Type: Nylon, Cotton, Polyester, Wool, Others; By Demographics: Men, Women, Kids; By Distribution Channel; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Singapore Socks Market Size
The Singapore socks market is projected to grow at a CAGR of 6.1% between 2024 and 2032. The market is driven by rising outdoor and fitness-related activities in the region.
Singapore Socks Market Outlook
- In 2022, consumer spending in Singapore reached $139.34 billion, marking an 11.53% rise compared to the previous year.
- The National Sports Participation Survey revealed that 74% of the 4,500 respondents aged 13 and above engaged in sports activities at least once a week.
- The total number of e-commerce users in Singapore in 2022 amounted to 3.51 million.
Singapore Socks Market Growth
The increase in sock purchases in Singapore can be attributed to the rising focus on physical health and wellness among the population. As per the 2022 National Sport Participation Survey, 73% of teenagers between 13 and 19 years old stated that they engage in sports and physical activities, primarily for the sake of their physical well-being. A data spanning from 2020 to 2022 from the same survey indicated a rise in the number of young individuals participating in activities like weightlifting, circuit training, and calisthenics. A larger portion of the population is now actively involved in various physical pursuits, such as running, gym sessions, yoga, and team sports. Consequently, there has been an increased demand for performance socks that provide comfort, support, and longevity.
The increase in online shopping has had a significant impact on the demand for socks. Online stores are available 24/7, making it convenient for consumers to buy socks whenever they need them. The convenience of having socks delivered directly to one's door eliminates the need to visit physical stores, leading to more frequent purchases. In 2022, the gross merchandise volume of the Singaporean eCommerce market reached US$8.2 billion, with projections indicating a rise to US$11 billion by 2025. Major eCommerce product categories include fashion, food, cosmetics and personal care, and toys. E-commerce platforms offer a wide variety of sock styles, colours, materials, and brands, often more extensive than physical stores. Consumers can easily find specialised socks, such as athletic, compression, or eco-friendly options, on online channels to meet their specific needs and preferences.
Singapore Socks Industry Segmentation
“Singapore Socks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Casual Socks
- Formal Socks
- Athletic Socks
- Speciality Socks
- Others
Market Breakup by Material Type
- Nylon
- Cotton
- Polyester
- Wool
- Others
Market Breakup by Demographics
- Men
- Women
- Kids
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Channels
- Others
Singapore Socks Market Share
Based on the distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, and online channels, among others. Online channels are projected to grow at a CAGR of 11.0% during the forecast period of 2024-2032.The ease of online shopping allows consumers to discover and purchase a diverse range of sock options from the comfort of their own homes.
Leading Companies in the Singapore Socks Market
Major players are focusing on product innovation and ethical production practices to gain a competitive edge in the market.
- Nike, Inc.
- Adidas AG
- Puma SE
- New Balance Athletics, Inc.
- YONEX Co., Ltd.
- Li-Ning Studio LLP
- Under Armour, Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Material Type |
|
| Breakup by Demographics |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Socks Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Socks Historical Market (2018-2023)
8.3 Asia Pacific Socks Market Forecast (2024-2032)
9 Singapore Socks Market Overview
9.1 Key Industry Highlights
9.2 Singapore Socks Historical Market (2018-2023)
9.3 Singapore Socks Market Forecast (2024-2032)
10 Singapore Socks Market by Product Type
10.1 Casual Socks
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Formal Socks
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Athletic Socks
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Speciality Socks
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Singapore Socks Market by Material Type
11.1 Nylon
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Cotton
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Polyester
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Wool
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Singapore Socks Market by Demographics
12.1 Men
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Women
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Kids
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Singapore Socks Market by Distribution Channel
13.1 Hypermarkets/Supermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Online Channels
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Nike, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Adidas AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Puma SE
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 New Balance Athletics, Inc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 YONEX Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Li-Ning Studio LLP
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Under Armour, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Socks Market: Key Industry Highlights, 2018 and 2032
2. Singapore Socks Market: Key Industry Highlights, 2018 and 2032
3. Singapore Socks Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Singapore Socks Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Singapore Socks Historical Market: Breakup by Material Type (USD Million), 2018-2023
6. Singapore Socks Market Forecast: Breakup by Material Type (USD Million), 2024-2032
7. Singapore Socks Historical Market: Breakup by Demographics (USD Million), 2018-2023
8. Singapore Socks Market Forecast: Breakup by Demographics (USD Million), 2024-2032
9. Singapore Socks Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Singapore Socks Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Singapore Socks Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 6.1% between 2024 and 2032.
The market is being driven by rising disposable incomes, increasing spending on consumer goods, and rising health and fitness activities.
The key trends aiding the market expansion include the growth of online sales channels, increasing social media marketing, and rising recreational and outdoor activities.
The different distribution channels of socks include hypermarkets/supermarkets, convenience stores, and online channels, among others.
The major players in the market are Nike, Inc., Adidas AG, Puma SE, New Balance Athletics, Inc., YONEX Co., Ltd., Li-Ning Studio LLP, and Under Armour, Inc., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER