Socks Market size was valued at US$ 50.68 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.3% through 2022 to 2029, reaching nearly US$ 82.62 Bn.
Market Overview :
Maximize Market research, a leading Socks Market research firm, which delivers data and analysis at the global, regional and country levels has published an Socks market report. The domain expert has analysed the Socks at a regional and global level.
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Market Scope :
Competitive analysis of the Socks market which gives insides to new players about sharks present in the market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, marketing tactics, alliances, and joint ventures.
The Socks market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & market volatility.
The Socks market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter’s Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the market.
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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.
Products with patches and studs are slowly gaining favour among men’s apparel. 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.
Key Players :
- • Adidas A.G.
• Nike Inc.
• Puma S.E.
• Renfro Corporation
• Asics Corporation
• THORLO, Inc.
• Balega
• Drymax Technologies Inc.
• Hanesbrands Inc
• Gildan Activewear Inc.
• Industria de Diseño Textil, S.A
• Jockey
• Mizuno
• Rawlings
• Salomon/ Amer Sports
• Under Armour, Inc.
• Bridgedale
• Delta Galil
• Darn Tough
• Camano
• Falke
• Seger
• Monnet
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Regional Analysis :
The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, market followers and players in an easy illustration of various elements of the market, presenting a future outlook with expected risks and trends in the Market.
A competitive regional analysis of the Socks market was conducted listing competitors in the market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the market structure and growth strategies of various players.
Key Questions answered in the Socks Market Report are:
- What is Socks Market?
- What is the forecast period of the Socks Market?
- What is the competitive scenario of the Socks market?
- Which region held the largest market share in the Socks Market?
- What are the opportunities for the Socks Market?
- What factors are affecting the Socks market growth?
- Who are the key players of the Socks market?
- Which company held the largest share in the Socks market?
- What will be the CAGR of the Socks market during the forecast period?
- What key trends are likely to emerge in the Socks market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Socks
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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