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Global Socks Market: By Product: Casual, Formal, Athletic, Specialty, Others; By Material: Nylon, Cotton, Polyester, Wool, Waterproof Breathable Membrane; By Demographics; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Socks Market Outlook

The global socks market size reached nearly USD 43.6 billion in 2020. The market is further expected to grow at a CAGR of 6.3% in the forecast period of 2021-2026 to reach a value of approximately USD 61.5 billion by 2026.

 

Socks Market

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Rising Demand for Specialised Socks Products is Propelling the Global Socks Market Growth

Based on product, casual socks represent one of the leading segments in the industry. Although, the growing awareness regarding health and fitness among consumers is anticipated to drive the demand for athletic socks over the forecast period. The growing demand for premium shoes and sports accessories among adults and the growing establishment of health clubs are projected to further aid the growth of the segment.

Due to the growing prevalence of foot disorders among diabetic patients, the key players are heavily investing in the development of customisable diabetic socks. This is expected be a major trend in the global socks market. The various research papers published by the health care professionals on maintaining healthy foot to prevent such disorders among diabetic patients has influenced the manufacturers to launch this product. Region-wise, while North America held a significant share of the market in 2020, the Asia Pacific is expected to witness the fastest growth rate in the coming years.

 

Globall Socks Market by Product

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Socks: Industry Definition and Segmentation

Sock refers to a piece of clothing made from soft material to cover the foot or the lower part of the leg. It is generally knitted from cotton, wool, or nylon and is worn under shoes. They are available in various colours, size, and materials to suit the requirement of the customer.

Based on the product, the socks market is divided into:

  • Casual 
  • Formal 
  • Athletic 
  • Specialty 
  • Others

By material, the industry can be segmented into:

  • Nylon
  • Cotton
  • Polyester
  • Wool
  • Waterproof Breathable Membrane
  • Others

The industry is categorised on the basis of demographics into:

  • Men
  • Women
  • Kids

The major distribution channels for the product include:

  • Hypermarket and Supermarket
  • Convenience store
  • Online
  • Retail Store

The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Socks Market by Region

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Growing Hygiene Awareness to Bolster the Socks Market Growth

The major factors contributing to the growth of the global socks market include rising disposable incomes, growing retail industry, increasing shift towards sports and athletic activities, and the growing importance of maintaining formal attire in corporate offices. The rising consumer awareness regarding hygiene and growing occurrences of foot disorders are also pushing the growth of the socks industry forward. The market growth is expected to be higher in the developing regions owing to the growing penetration of corporate offices, thus, creating enhanced growth opportunities for the formal socks market.

 

Key Industry Players in the Global Socks Market

The report gives a detailed analysis of the following key players in the global socks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Adidas A.G.
  • Nike Inc.
  • Puma S.E.
  • Hanesbrands Inc.
  • Under Armour, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Socks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Socks Historical Market (2016-2020) 
    8.3    Global Socks Market Forecast (2021-2026)
    8.4    Global Socks Market by Product 
        8.4.1    Casual Socks
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Formal Socks
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Athletic Socks
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Specialty Socks
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Socks Market by Material 
        8.5.1    Nylon
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Cotton
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Polyester
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Wool
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Waterproof Breathable Membrane
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Socks Market by Demographics 
        8.6.1    Men
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Women
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Kids
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
    8.7    Global Socks Market by Distribution Channel
        8.7.1    Hypermarkets and Supermarkets
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Convenience Stores
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Online
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Retail Stores
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
    8.8    Global Socks Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    Adidas A.G.
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    Nike Inc.
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    Puma S.E.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Hanesbrands Inc.
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Under Armour, Inc.
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications
        12.3.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Socks Market: Key Industry Highlights, 2016 and 2026
2.    Global Socks Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3.    Global Socks Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4.    Global Socks Historical Market: Breakup by Material (USD Billion), 2016-2020
5.    Global Socks Market Forecast: Breakup by Material (USD Billion), 2021-2026
6.    Global Socks Historical Market: Breakup by Demographics  (USD Billion), 2016-2020
7.    Global Socks Market Forecast: Breakup by Demographics  (USD Billion), 2021-2026
8.    Global Socks Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
9.    Global Socks Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
10.    Global Socks Historical Market: Breakup by Region (USD Billion), 2016-2020
11.    Global Socks Market Forecast: Breakup by Region (USD Billion), 2021-2026
12.    North America Socks Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    North America Socks Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Europe Socks Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Europe Socks Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Asia Pacific Socks Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Asia Pacific Socks Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Latin America Socks Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Latin America Socks Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Middle East and Africa Socks Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Middle East and Africa Socks Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Global Socks Market Structure

Key Questions Answered in the Report

In 2020, the global socks market attained a value of nearly USD 43.6 billion.

The market is projected to grow at a CAGR of 6.3% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 61.5 billion by 2026.

The major drivers of the industry, such as rising disposable incomes, increasing population, increasing health awareness, rising demand from the developing regions, increasing prevalence of foot disorders amongst the diabetic population, and growing technological advancements, are expected to aid the market growth.

The key market trends guiding the growth of the socks market include the growing R&D activities and the launch of customisable diabetic socks.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major products available in the industry include casual, formal, athletic, and specialty, among others.

Nylon, cotton, polyester, wool, and waterproof breathable membrane, among others, are the significant materials utilised for the product.

The major segments based on demographics in the industry include men, women, and kids.

The significant distribution channels of the product include hypermarkets and supermarkets, convenience stores, online, and retail stores. 

The major players in the industry are Adidas A.G., Nike Inc., Puma S.E., Hanesbrands Inc., and Under Armour, Inc., among others.

Analyst Review

The global socks market attained a value of USD 43.6 billion in 2020, driven by the growing demand for formal socks among white-collar professionals, a rise in sales of athletic shoes, and the growing demand from the emerging nations. Aided by the launch of customisable specialty socks, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.3%. The socks market is projected to reach USD 61.5 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the socks industry can be segmented into casual, formal, athletic, and specialty, among others. On the basis of material, the industry is divided into nylon, cotton, polyester, wool, and waterproof breathable membrane, among others. By gender, the industry is categorised into men, women, and kids. Based on distribution channels, the industry is fragmented into hypermarkets and supermarkets, convenience stores, online and, retail store, among others. The major regional markets for socks are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Adidas A.G., Nike Inc., Puma S.E., Hanesbrands Inc., and Under Armour, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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