Socks Market Size 2021-2026


Posted January 6, 2022 by sandycool

The Socks Market is estimated at USD xx in 2021 and is expected to reach USD xx by 2026, growing at the rate of 5.62 % CAGR.

 
Socks Market is estimated at USD xx in 2021 and is expected to reach USD xx by 2026, growing at the rate of 5.62 % CAGR.

However, increased smartphone users penetration in these countries has forced sock manufacturers, along with various value-added products, including cash-on-delivery service, to release their consumer variants at reduced prices. The global socks market will also be driven by this in the forecast period.

In addition, increased health and fitness expenditures among adults will lead to demands for various shoe accessories, such as sports socks and knee socks for exercise in gyms and health clubs. In the past few years, a variety of health workers have spent on publishing various papers on healthy foot maintenance as foot disorders associated with diabetic pat are increasing.

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A major part of extending the utility of socks is expected to play a growing function in the formal appeal of White-Collar professionals at the global level. In addition, demand growth is expected to increase in the coming years.

In turn, increased health and fitness spending for adults would contribute to the demand for various footwear supplies such as sport socks and ankle socks in gyms and health clubs during workouts. Different health workers have increased over the past few years expenditures on publishing several research papers on healthy foot maintenance as foot disorders with diabetic pat are increasingly occurring.

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Drivers and market limitations of Socks Market:

The Socks market size is exponentially expanding owing to the following:

Increasing customer adoption.
Health benefits are provided by citrus oil.
Restraints of the Socks market can be

Strict safety and protection rules.
High setup cost.
Opportunities of Socks market can be

Increased penetration of eCommerce through the vertical sector.
Market Segmentation:

Socks Market - Product:

Casual
Athletic
Socks Market - By Application:

Men
Women
Regional Analysis:

North America

Europe

Asia Pacific

Latin America

Middle east and Africa

Key players in the market:

Nike Inc.; Puma S.E.; Adidas A.G.; Asics Corporation; THORLO, Inc.; Balega; Drymax Technologies Inc. and Under Armour, Inc. are the key players in the business. The growth of the market was greatly contributed to by the numerous celebrity endorsements of popular brands. Nike employs other fitness professionals to sell its goods for shoes and socks, for example.

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Categories Business , Marketing
Tags socks market analysis , socks market forecast , socks market growth
Last Updated January 6, 2022