Socks Market Overview

Over the forecast period, Maximize Market Research expects the Socks Market growth from USD 53.87 Bn. in 2022 to USD 82.62 Bn. in 2029 at a CAGR of 6.3 percent. The report analyzed by Maximize Market Research, on the Socks market, covers an extensive regional analysis and competitive landscape.

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Socks Report Scope and Research Methodology

The report is a thorough analysis of the Socks market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Socks market. The report provides information on the drivers, restraints, opportunities, and challenges of the Socks market. The financial standing, portfolio, technology adoption, merger and acquisition, joint ventures and strategic alliances are included in the competitive environment for the Socks market. The bottom-up approach was used to understand the Socks market size estimation and growth rates in the report.

Regional analysis of the Socks market conducted at a local, regional and global level. For a segment-wise analysis of the Socks market. The report also provides information on the emerging regions that are expected to be major markets for the Socks market.

The report includes primary and secondary collection methods with qualitative and quantitative approaches for the analysis of the Socks market. The primary collection method includes Surveys, questionnaires and telephonic interviews with market leaders and business owners. The secondary method includes financial reports, annual reports, press releases, white papers, etc. SWOT analysis is used to identify the threats and weaknesses of the market while PORTER is used to understand the competitive intensity of the industry in the Socks.


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Socks Regional Insights

The Socks market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis in the report helps to understand the Socks market in various countries. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions.

Socks Market Dynamics:

Globally, it is anticipated that the expanding significance of formal attire among white-collar workers will significantly increase the utility of socks. As a result, market expansion is anticipated to quicken in the years to come. In addition, it is anticipated that growing adult spending on health and fitness will raise demand for a variety of shoe accessories, including sports socks and ankle socks worn during workouts at gyms and health clubs. Numerous health care professionals have increased their spending on publishing various study papers on maintaining a healthy foot over the past few years due to the rising prevalence of diabetic foot disorders.

Since foot ulcers can result in infection or amputation, some businesses, including Dr. Oxyn and Podolite, have created personalised diabetic socks to lower the risk of developing them. The business is anticipated to continue to benefit from increasing corporate office penetration in developing nations like China, Bangladesh, India, and Mexico as a result of supportive policies to encourage domestic investments. Additionally, as the number of people in these nations who use smartphones rises, socks manufacturers are forced to provide cheaper product variations as well as several value-added services like cash-on-delivery.


Socks Market Segmentation:

The sector is anticipated to benefit from how easily these products can be included into any look. A significant portion of consumers use casual socks comprised of polyester and nylon due to their comfort and accessibility through offline and online channels. Some of the most well-known manufacturers of casual socks include Mustang Socks & Accessories, Goodfellow & Co, Sock Talk, and Kane Socks Company. These are the primary factors that, between 2022 and 2029, will propel this segment's expansion in the global market.

During the forecast period, the Athletic Socks segment is anticipated to expand quickly at a CAGR of 6.8%. These items are valued by athletes and fitness experts because they can prevent blisters and prevent feet from sliding about in shoes. During the forecast period, global new product advancements in athletic socks by businesses like Nike and Adidas are anticipated to be a major driving force. These are the primary factors that, between 2022 and 2029, will propel this segment's expansion in the global market.

Growth in this market is anticipated to be fueled by men's acceptance of the products as accessories for casual and professional attire. Additionally, a rise in the number of grooming-related social videos on YouTube and Google+ is probably going to persuade people to spend money on expensive shoe accessories like socks.

Socks Market Key Players

1. Adidas A.G.
2. Nike Inc.
3. Puma S.E.
4. Renfro Corporation
5. Asics Corporation
6. THORLO, Inc.
7. Balega
8. Drymax Technologies Inc.
9. Hanesbrands Inc
10. Gildan Activewear Inc.
11. Industria de Diseño Textil, S.A
12. Jockey
13. Mizuno
14. Rawlings
15. Salomon/ Amer Sports
16. Under Armour, Inc.
17. Bridgedale
18. Delta Galil
19. Darn Tough
20. Camano
21. Falke
23. Monnet
22. Seger

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Key questions answered in the Socks are:

What is Socks?
What was the Socks market size in 2022?
What is the growth rate of the Socks?
Which are the factors expected to drive the Socks market growth?
What are the different segments of the Socks?
What growth strategies are the players considering to increase their presence in Socks?
What are the upcoming industry applications and trends for the Socks?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Socks?
Who are the leading companies and what are their portfolios in Socks?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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