NEW YORK, Oct. 19, 2021 /PRNewswire/ -- Zion Market
Research has published a new report titled "Socks Market By
Product Type (Athletic Socks, Specialty Socks, Trouser Socks,
Casual Socks, and Multiple Toe Socks), By Material (Nylon, Cotton,
Polyester, Wool, and Waterproof Breathable Membrane), By End-User
(Men, Women, and Kids), and By Distribution Channel (Wholesale,
Supermarkets & Hypermarkets, and Online Stores): Global
Industry Perspective, Comprehensive Analysis, and Forecast,
2018–2025". According to the report, the global socks market
was valued around USD 11.7 billion in
2018 and is expected to reach around USD
24.16 billion by 2025, at a CAGR of slightly above 10.09%
between 2019 and 2025.
Generally, footwear is worn over socks. Socks serves casual,
medical, and sports purposes. Socks are made using different
materials, such as nylon, wool, and cotton. In addition, socks are
designed to prevent feet from severe temperatures or severe
environmental conditions or for fashion purposes. However, socks
can only deliver warmth and comfort if they are designed and
measured correctly by the designer.
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The major driver of the socks market is increasing demand for
different shoes. For instance, increasing demand for sports shoes
is likely to increase the demand for sports socks. The increasing
demand for socks by males is expected to boost the socks market
over the forecast time period. It has been found that nearly half
of the men wear socks while performing their day-to-day activities.
In addition, around 50% of the global population uses socks every
day. This can result in the growth of the men's apparel industry
over the estimated timeline.
The global socks market can be classified into product type,
material, end-user, and distribution channel. By product type, the
market includes athletic socks, specialty socks, trouser socks,
casual socks, and multiple toe socks. Specialty socks will have the
largest market share in the global socks market in the future.
Based on material, the market is segmented into nylon, polyester,
waterproof breathable membrane, cotton, and wool. Nylon and cotton
segments dominated the market in 2018 and are projected to witness
strong growth in the years to come. The end-user segment includes
men, women, and kids. The men segment dominated the global socks
market and held around half of the total revenue generated in 2018.
The distribution channel segment includes wholesale, supermarkets
and hypermarkets, and online stores.
By region, Asia Pacific
accounted for the largest market share in terms of revenue in 2018
and is expected to show good growth over the estimated timeframe.
This growth can be attributed to the thriving retail sector in
Asia Pacific countries, such as
China and India, and increasing fashion trends among the
youth. In addition, the demand for cotton and woolen clothes is
declining in developing countries due to their high costs. The
growing use of syntactic fabric for the manufacturing of socks in
the region's developing countries is fuelling the growth of socks
market in developing countries. The European socks market is
anticipated to experience substantial growth in the future, owing
to the increasing fashion trends and cold weather conditions.
Europe holds the second largest
share of the socks market in the world.
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Some key players of the global socks market include Drymax
Technologies Inc., Nike Inc., Under Armour, Inc., Adidas AG, Renfro
Corporation, THORLO, Inc., Hanesbrands Inc., Asics Corporation,
Balega, and Puma SE.
This report segments the global socks market into:
Global Socks Market: Product Type Analysis
- Specialty Socks
- Athletic Socks
- Trouser Socks
- Casual Socks
- Multiple Toe Socks
Global Socks Market: Material Analysis
- Nylon
- Cotton
- Polyester
- Wool
- Waterproof Breathable Membrane
Global Socks Market: End-User Analysis
Global Socks Market: Distribution Channel Analysis
- Wholesale
- Supermarkets and Hypermarkets
- Online Stores
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By Region
North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East &
Africa
- GCC
- South Africa
- Rest of Middle East &
Africa
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