Socks Market Detailed Overview, Market Analysis, Manufacturers 2019 - 2027

 

Global Socks Market: Snapshot

Increasing requirement of multiple footwear by urban consumers is working as a positive factor of socks market. Moreover, growing trend of athletic shoes coupled with athletic celebrity endorsement by key brands is driving the market growth. It has been observed that consumers are purchasing premium quality socks to use them during gym training and outdoor sports activities. In addition, rising concerns over adverse effects associated with foot ulcers among diabetic patients at a global level is projected to promote the utility of advanced sock variants as a foot protective medium in the near future.

Global socks market is projected to experience robust growth during the forecast period. The rising demand for socks is primarily driven by improving fashion trends at global level. The global socks market was valued at US$ 42.5 bn in 2018 and it is expected to expand at a CAGR of 6.5% from 2019 to 2027.

Custom Market Research Services - Request Customization -@

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=9470

Developing Countries of Asia Pacific to Remain Dominant in Global Socks Market

Asia Pacific accounted for the highest share in global socks market and the region is expected to maintain its dominance over the forecast period. Key factors driving Asia Pacific market is its large and increasing population in developing economies including China and India. Furthermore, rising number of retail outlets in the region especially in economies such as China, India, Malaysia, and Singapore are expected to further boost the sales of socks.

Europe socks market is expected to have a slowdown in coming years. Declining industrial growth and disposable income fueled by slow economic growth is projected to affect the overall apparel industry. Socks market in North America is expected to witness steady growth, whereas developing economies especially Brazil in South America and GCC countries across MEA are expected to drive demand for socks, and hence driving the global socks market.

Get More Press Releases by TMR: https://www.prnewswire.com/news-releases/availability-of-diverse-products-for-detailed-medical-examination-of-various-subject-areas-to-propel-medical-loupes-market-to-us-541-9-mn-by-2030–tmr-301377302.html

In terms of product type, global socks market is categorized into specialty socks, athletic socks, trouser socks, women’s socks, casual socks, kids’ socks and multiple toe socks. Casual socks was valued to be the largest segment with a market share over 34% in 2018. Specialty socks segment accounted for second largest market share in 2018.

Natural Fibers to be Extensively Used for Socks Production

The market has been segmented by the materials used for production. Further sub segments are nylon, cotton, polyester, wool, waterproof breathable membrane, and others. Nylon segment accounted for the largest market and is expected to maintain its dominance in coming years. Waterproof breathable membrane are hybrid materials that are used for manufacturing waterproof socks for industrial application or for casual use during the rainy season.

The increasing initiatives of the key players to offer something new and advanced products such as anti-bacterial and anti-fungal properties of socks. Some of these companies are focusing to offer socks made from Kevlar which are extremely strong, heat resistant, tough, and lightweight. Rising awareness about the benefits of wearing these socks is witnessing a surge in product adoption over the past few years.

Purchase our premium research report@

https://www.transparencymarketresearch.com/checkout.php?rep_id=9470&ltype=S

Key players dominating the market are

  • Adidas A.G.
  • Nike Inc.
  • Puma S.E.
  • Renfro Corporation
  • Asics Corporation
  • THORLO, Inc.
  • Balega
  • Drymax Technologies Inc
  • Hanesbrands Inc.
  • Armour, Inc.

About Us:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact

Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/


Comments

Post a Comment

Popular posts from this blog

Conferencing Microphone System Market Share, Segmentation, Trend, and Forecast To 2021-2031

Image
  Conferencing Microphone System: Introduction A conference system is a collection of audio hardware developed for easy interaction between people taking part in various events, irrespective of the room size. A conference system is also known as a discussion system. Conferencing microphones are wired or wireless gadgets that transfer audio from one or various speakers to an audio system. A conferencing microphone uses different transmission technologies. In wired conference, the microphone uses a cable for the transmission of the signal for communication tasks. It is cheaper and more reliable. In wireless conferences, the microphone uses Wi-Fi or infrared technologies for communication tasks, giving it freedom of movement and avoiding cable issues. Lapel microphones are hands-free & wireless and are fixed to the speaker’s dress, collar, or suit. These microphones must be secured to the correct place on the body for high-quality audio transmission. Conferencing microphone system...
Read more

Last Mile Delivery Transportation Market Clear Understanding Of The Competitive Landscape And Key Product Segments 2021-2031

Image
  Last Mile Delivery Transportation Market Outlook 2031 The  global   last mile delivery transportation market   was valued at   US$  150.39  Bn in  2020 It is estimated to expand at a CAGR of  10.31%  from 2021 to 2031 The  global   last mile delivery transportation market  is   expected to reach the value of US$  477.27  Bn   by the end of  2031 Analysts’ Viewpoint on Last Mile Delivery Transportation Market Scenario “Technological advancements and the booming eCommerce sector will remain the leading factors that will propel the market during the forecast period. In addition, advancements in robotics and projected adoption of semi-autonomous and autonomous delivery vehicles will play an imperative role in redefining last mile delivery transportation in the upcoming years. In order to overcome challenges in the execution of delivery models, companies should increase R&D in leading-edge informa...
Read more

Corrugated Boxes Market Top Companies, Trends and Future Prospects Details for Business Development 2016 - 2024

  Multi Depth Corrugated Boxes Market: Overview Multi depth corrugated boxes are similar to that of conventional corrugated boxes, with an added ability of being used for multiple size applications. These boxes are extensively used in packaging of various goods such as foods, beverages, cosmetics, pharmaceuticals, hazardous chemicals and other materials. In recent years, the demand for multi depth corrugated boxes has increased significantly. This can be attributed to immense size flexibility offered by these boxes coupled with the characteristics of corrugated boxes.  These boxes gives the buyer the leverage to use it for various size requirements, thus reducing inventory and optimizing cost management. Multi depth corrugated boxes have high durability and are light weight coupled with offering significant cost benefits to the buyer. Thus, multi depth corrugated boxes are being increasingly used in secondary packaging of goods, across a variegated range of industries. The glo...
Read more