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Socks Market Segmented By Specialty Socks, Sports and Athletic Socks, Ankle Length Socks, Casual Socks, Formal Socks Product in Men, Women, Kids in Cotton, Wool, Polyester, Nylon, Spandex, Acrylic Material
The global socks market is predicted to expand at a high-value CAGR of 6.7% and account for revenue worth US$ 92.7 Bn by the end of 2032, up from US$ 45.7 Bn registered at the end of 2021.
Worldwide sales of socks account for 5%-8% share of the global online apparel market at present.
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Socks Market Size (2022) |
US$ 48.5 Bn |
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Projected Sales of Socks (2032) |
US$ 92.7 Bn |
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Market CAGR (2022 to 2032) |
6.7% |
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Market Share of Top 5 Socks Manufacturers |
~22% to 28% |
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From 2017 and 2021, worldwide demand for socks increased at a steady CAGR of 5.2%, with the United States, Japan, China, Australia, and Europe holding significant shares in the global market.
Over the years, there has been a significant rise in the use of natural fibers such as cotton by sock manufacturers. Despite this, synthetic fibers are anticipated to generate more demand than natural fibers over the coming years. Due to their low cost, synthetic fiber socks are more in demand in underdeveloped and developing nations.
Meanwhile, the rise of e-Commerce platforms will lead to the added growth of the socks market. Customers like to take an overview of the products on online platforms before making a purchase. These online platforms help them compare products with several details, thereby enhancing customer experience.
Sustainable approaches and new design advancements are expected to drive the market forward. Over the next ten years, global sales of socks are anticipated to surge at 6.7% CAGR.
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Get a Customized Version“Active Participation of Youth in Adventure Activities to Drive Sales of Socks”
There is a rising trend of eco-tourism, leisure activities, and other recreational activities such as skiing, mountain campaigning, trekking, and gliding. Meanwhile, promotional activities through fitness campaigns and package tour operators are encouraging the youth and millennials to participate in fitness and adventure activities, and the trend of adventure activities is spreading rapidly across the globe.
Hence, with more participants, there has been a rise in demand for adventure equipment, and travelers generally prefer shoes and customized socks as they are convenient during adventure and fitness activities. As such, with a rise in active participation of the youth, demand for socks is also rising in parallel.
“Compulsion of Formal Attire in Offices / Schools to Aid Market Progress”
Factors fueling the growth of the socks market include the rising interest of people in sports and athletic Socks activities, rising disposable income, growth of the retail industry, and the significance of maintaining formal attire in corporate offices.
Due to the increasing prevalence of corporate offices, market growth is anticipated to be stronger in emerging nations, which would lead to more potential prospects for the formal socks industry. Other than this, formal clothes are considered to be a sense of discipline and display maturity and sharpness. As such, it is mandatory in schools. Hence, a rise in the growth of the student population and corporate culture will lead to a rise in demand for socks across regions.
How are Product Innovations & Government Norms Aiding Socks Market Progress in France?
The socks market in France is expected to expand rapidly at a CAGR of over 6% during the forecast period.
The technology used to manufacture socks is evolving rapidly. Manufacturers are designing socks from several raw materials to enhance the quality and comfort of the socks. Consumers also demand different types of yarns, along with cotton and wool, which help improve the durability of socks.
The norm applied by European governments to ensure that consumers are completely aware of the fiber composition used for designing socks helps create transparency between consumers and manufacturers.
Why is There Rising Trend for Customized Socks in the U.S.?
The United States of America is one of the fastest-growing markets for socks and accounts for 77% of the North America market share. The socks market in the U.S. has increased at a fast pace over the decade.
Several market players are investing their efforts in manufacturing customized socks to meet the specific requirement of consumers and sports professionals. Meanwhile, there is a high demand for thinner socks with an element of cushion that offers comfort and warmth.
The popularity of Appalachian tails, Nugget Fall trails, Burroughs Mountain Hike; and the rising income of consumers and their increased spending on fashion are fueling the growth of the socks market in the U.S.
How Can Manufacturers of Socks Target the Market in Australia?
Australia is one of the progressing markets in Oceania and is anticipated to register a growth rate of 4.5% in terms of value over the forecast period.
Australia is an emerging market in the socks industry. The Australian market is brand-driven, both by domestic and foreign companies. Australian consumers generate huge demand for sports socks.
Famous sports events such as the Big Bash League, basketball, football, and other events are expected to boost the demand for sports equipment, including socks and shoes at premium sports accessory shops in the country.
Which Distribution Channels Will Continue Accounting for Higher Sales of Socks?
According to the analysis of sales channels, hypermarkets & supermarkets, multi-brand stores, and online retailer sales channels are expected to hold a major share of around 68% in the socks market.
Hypermarkets & supermarkets and multi-brand stores offer a wide range and types of socks in a single store, whereas, the online sales channels segment is the fastest- growing with the e-Commerce industry aiding the socks market by offering products beyond regional boundaries.
As such, hypermarkets & supermarkets, multi-brand stores, and online sales channels are expected to boost the growth of the socks market over the coming years.
Which Material is Most Widely Used in Socks Manufacturing?
According to this detailed analysis, cotton socks are estimated to account for the largest volume share of 47% in the global socks market.
Cotton socks are affordable for most customers. They are durable, can absorb moisture, and provide more comfort. Apart from this, cotton socks are easily available at any apparel store.
Thus, due to easy availability, features, and affordability, there is high demand for cotton socks in the market.
Which are the Leading Product Types of Socks?
Formal and casual socks are estimated to account for 61.4% of the market share by the end of 2022. Global sales of formal and casual socks together are expected to rise at a CAGR of 8.2% during the forecast period.
With rising fashion trends, casual sock products are in the maturity stage. Meanwhile, over the decade, there has been a significant rise in the growth of students enrolling in schools and universities across remote regions of the world with rising awareness of the right to education. The result has been tremendous growth in the demand for formal and casual socks in the global market.
Leading manufacturers of socks are focusing on expansions, partnerships, development of new products, product launches, innovative ways of production for cost reduction, and new ways of marketing to expand their business globally and create a market presence.
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Attribute |
Details |
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Forecast Period |
2022-2032 |
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Historical Data Available for |
2017-2021 |
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Market Analysis |
US$ Mn for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing |
Available upon Request |
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The global socks market reached a valuation of US$ 45.7 Bn in 2021.
Sales of socks across the world increased at 6.1% in 2021-2022.
Durable & high-quality socks manufactured from recycled material, growing participation in fitness & sports activities, and high presence of various brands online are factors driving market expansion.
Between 2017 and 2021, worldwide demand for socks increased at 5.2% CAGR.
Worldwide sales of socks are projected to evolve at 6.7% CAGR and reach US$ 92.7 Bn by the end of 2032.
Adidas Group, Nike Inc., Skechers Inc., Hanesbrands Inc., Jockey International Inc., VF Corporation, Darn Tough, Wrightsocks, and Patagonia Inc. are major sock manufacturers.
