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Sports and Athletic Socks Market

Global Market Study on Sports and Athletic Socks Market: Sports and Athletic Socks to Generate High Revenue for Market Players across Regions

Sports and Athletic Socks Market Segmented By Running Socks, Snow Sports Socks, Soccer Socks, Basketball Socks, Cycling Socks, Fitness Socks, Casual Sports Socks, Golf Socks, Hockey Socks in Cotton Blend, Synthetic Blend, Wool Blend Material

Sports and Athletic Socks Market Snapshot

According to Persistence Market Research, the sports and athletic socks market generated a revenue of US$ 6,096.3 Mn in 2022. The demand for sports and athletic socks will accelerate, with the top market players holding a prominent share of the sports and athletic socks market in 2022. The global market is expected to reach US$ 10,921.7 Mn by 2033, growing at a ~ 5.5% CAGR from 2023 to 2033.

Attributes Key Insights

Sports and Athletic Socks Market Size (2022A)

US$ 6,096.3 Mn

Sports and Athletic Socks Market Size (2023E)

US$ 6,410.8 Mn

Projected Sports and Athletic Socks Market Value (2033F)

US$ 10,921.7 Mn

Value CAGR (2023-2033)

5.5%

Collective Value Share: Top 3 Countries (2022)

~25%

The number of people who subscribe to athletic training campaigns on an annual basis heavily influences the growth of the global market for athletic and sports socks. In recent years, there has been a huge desire for brand-new, cutting-edge sporting gear. The global athletic and sports socks market is expanding due to the general public's preference for obscure sports and physically demanding hobbies.

The overwhelming demand for the goods has created new opportunities for the market to generate revenue. Sports socks could be produced in greater quantities during the course of the following ten years by a variety of production facilities. The total market value for athletic and sports socks is expected to rise dramatically going forward.

In the updated study by Persistence Market Research, a wide-ranging analysis of several of the major difficulties faced by companies that provide sports and athletic socks has also been covered in detail.

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Sports and Athletic Socks Market Analysis from 2017 to 2022 Vs Market Outlook for 2023 to 2033

Sports and athletic socks usage has historically increased from 2017 to 2022 at a 4.6% CAGR, with developed nations including the United States, Canada, Germany, and the United Kingdom holding a sizable portion of the global market.

The sports and athletic socks market is anticipated to maintain its optimism during the projected period. Sports and athletic socks are expected to gain popularity as they provide the necessary grip and compression for strenuous workouts, especially when playing sports like basketball, football, and hockey, among others.

Further, it is anticipated that the use of sports and athletic socks would expand throughout the anticipated period due to variables including rising sports participation on the one hand and a rise in injuries brought on by physical activity on the other. The growth in health concerns is another element encouraging people to wear compression and grip socks when exercising.

The sales of sports and athletic socks market are anticipated to increase at a 5.5% CAGR between 2023 and 2033, according to PMR's estimate.

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How Sports and Athletic Socks are Becoming More and More Associated with Producers' Desired Associations?

In order to capitalize on the product's special selling characteristics and carve out a major niche for themselves in the market, different manufacturers and brand owners make a range of claims regarding the effectiveness of their products. The words non-slip socks, grip socks, compression socks, and others usually lure customers in with similar connotations.

Eco Made is a further well-liked claim that is growing in popularity. This notion is used to describe socks made from recycled materials. Such implication and claim use in relation to product performance and features has aided in capturing consumer interest. The producers also provide athletic and sports socks that can be used regularly in addition to during physical activities.

For instance, in 2019, Farm to Feet introduced the Max patch cushion socks, which can be used both daily and for various activities.

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What is the Potential for Growth in the Sports and Athletic Socks Sector?

One sock for all sports or activities has been a more common consumer trend in recent years. This propensity prevents the market from growing as much as it could. However, by offering multipurpose socks, this very aspect can be made successful. Athletic and sports socks with dual uses can be worn for both casual wear and athletic events. In this approach, businesses can develop new products that provide functionality for several purposes, which will fuel market expansion in the subsequent years.

Additionally, customers frequently wear casual socks to the office. Companies may market the same multi-functional socks to both office workers and athletes by keeping this behavior in mind. With its expansion into other activities, natural/organic waterproof socks will also have the chance to develop in the future.

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Country-wise Insights

Are Rising Sports Injuries Likely to Encourage Product Adoption in the United States?

The U.S. held a significant value share of around 16.8% in the global market in the year 2022. The country's need for athletic and sports socks that provide superior comfort and protection is expected to increase due to the increased number of injuries brought on by sports and other recreational activities.

Exercise was among the top causes of injury in 2019 among sports and leisure activities, according to information from the National Safety Council. As a result, American consumers today are increasingly worried about their safety when engaging in recreational and other sporting activities.

Therefore, it is anticipated that regional sales of sports and athletic socks will increase as more people become aware of the health hazards linked to such sports and recreational activities.

How are Industry Product Offerings in the U.K. Being Changed by the Premiumization Trend?

The U.K. market is anticipated grow at a CAGR of 4.0% over the forecast period, and it is predicted to expand quickly. Premiumization is one of the most noteworthy current trends that has altered market offerings. As consumer spending increases, it is anticipated that there will be an increase in demand for superior and premium grade sports & athletics socks like anti-grip, crew, etc. in the UK.

Regional manufacturers are keen to supply sports and athletic socks that offer odour and bacterial control, anti-blistering, and maximum comfort in light of the current trend. Regional players are redesigning their products in this way in response to the current premium trend.

How is Brazilian Millennials' Increasing Interest in Sports and Recreational Activities Fuelling Product Adoption?

In the Latin American region, the market in Brazil is anticipated to grow at a CAGR of about ~5.3% during the forecast year. When it comes to health and fitness, millennials continuously advance. Despite leading busy lives, millennials have recently shown a tremendous interest in outdoor and recreational activities, earning them the moniker "outdoor natives."

During the projection period, regional adoption of sports and athletic socks is projected to benefit from the growing demand for outdoor and recreational activities among millennials. In addition, the region's quick development of leisure and outdoor clubs is significant to be crucial in fostering growth in sports like baseball, basketball, and hockey in the upcoming years, favourably enhancing the economy.

Why are Sports and Athletic Sock Makers Making Investments in India?

Due to growing brand recognition and the country's present low level of sock penetration, the Indian market for sports and athletic socks is expected to grow at an amazing rate of around 8.1% throughout the forecast period. As a result, the market is anticipated to expand more quickly than in prior years.

Additionally, as the e-commerce industry in India gains popularity, it is significant that online distribution channels, such as e-commerce websites, would increase significantly.

Category-wise Insights

Which Subcategory of Athletic and Sports Socks Commands the Market?

Cycling socks are predicted to grow in popularity at a remarkable rate of around ~9.2% CAGR during the forecast year. Cycling shoes are snug and can't comfortably accommodate thick, loose-fitting socks, hence cycling socks are thin and close-fitting. Cycling socks are made of quick-drying, sweat-wicking materials to keep users feet comfy even while they perspire. Additionally, the manufacturers are creating more inventive socks to help them grow their business internationally.

What Type of Sock Material is anticipated to Rule the Market?

Cotton blend socks held a significant value share of around 58.6% in 2022, in terms of material type and are anticipated to maintain their dominance throughout the projected period due to their capacity for moisture absorption and increased comfort.

Which Consumer Orientation is anticipated to be the Market's Dominant Force?

Women are anticipated to see the quickest CAGR of ~6.1% in terms of consumer orientation during the projection period. Globally, more working-class women are likely to have a favorable influence on category growth. In contrast, the men's category had a significant market share of ~52.4% in 2022.

Men are supposed to encourage spending on high-quality shoe accessories, such as socks, in order to keep superior grooming appearance. As a result, Jockey introduced new socks in 2019 through its website and physical locations; including women's low ankle socks, varied men's ankle socks, and denim mélange men's casual socks.

How is Online Retail expected to Grow Significantly?

Online sales are anticipated to dominate during the projected period in terms of sales channel, according to the analysis, with a higher CAGR of ~9.4%. Consumer preferences have changed because of the pandemic, and they are moving from offline to online channels to make purchases, which is encouraging players to increase their online market presence.

Additionally, manufacturers are working to increase their online presence in a sector where brick and mortar stores are still a dominant form of retail. To grow their company, manufacturers are even forming alliances with sportswear retailers. For instance, Wolverine Worldwide, Inc. formed a relationship with Xtep International Holdings Ltd., a Chinese sportswear store, to increase its market share in China.

Competition Landscape

To obtain a competitive edge over other active companies, the players are actively increasing their industry penetration. The competitors are expanding their business in low- and middle-income nations.

  • For instance, a few B2B companies aggressively expanding their business in low- and middle-income nations include Edenred SA and The Up Group. In addition, partnerships with independent Sports and Athletic Socks suppliers are aiding the players in growing their market share.

Sports and Athletic Socks Market Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • US$ Mn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • South Africa
  • Northern Africa
  • GCC Countries
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand

Key Segments Covered

  • Product
  • Consumer Orientation
  • Material Type
  • Sales  Channel
  • Region

Key Companies Profiled

  • Nike, Inc.
  • Adidas AG
  • VF Corporation
  • PUMA SE
  • Jockey International Inc.
  • Drymax Technologies Inc
  • Hanesbrands Inc.
  • Under Armour, Inc.
  • Skechers U.S.A., Inc.
  • ASICS Corporation
  • Wolverine World Wide, Inc.
  • THORLO, Inc.
  • New Balance Athletics, Inc.
  • Others

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered in Sports and Athletic Socks Industry Research

By Product

  • Running Socks
  • Snow Sports Socks
  • Soccer Socks
  • Basketball Socks
  • Cycling Socks
  • Fitness Socks
  • Casual Sports Socks
  • Golf Socks
  • Hockey Socks

By Consumer Orientation

  • Men
  • Women
  • Unisex
  • Kids

By Material Type

  • Cotton Blend
  • Synthetic Blend
  • Wool Blend

By Sales Channel

  • Online
    • Direct to Customer Sales
    • Third Party Sales
  • Offline
    • Franchised Stores
    • Independent Stores
    • Mono-Brand Stores
    • Specialty Stores
    • Hypermarket/ Supermarket
    • Convenience Stores
    • Departmental Stores
    • Other Sales Channel

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

- Companies Covered in This Report -

  • Nike, Inc.
  • Adidas AG
  • VF Corporation
  • PUMA SE
  • Jockey International Inc.
  • Drymax Technologies Inc
  • Hanesbrands Inc.
  • Under Armour, Inc.
  • Skechers U.S.A., Inc.
  • ASICS Corporation
  • Wolverine World Wide, Inc.
  • THORLO, Inc.
  • New Balance Athletics, Inc.
  • Other Players (As Requested)

- Frequently Asked Questions -

The sports and athletic socks market is valued at US$ 6,096.3 Mn as of 2022.

Sports and athletic socks are projected to increase at 5.5% CAGR and is expected to be valued at around US$ 10,921.7 Mn by 2033 end.

Nike, Inc., Adidas AG, VF Corporation, PUMA SE, Jockey International Inc., Drymax Technologies Inc., Hanesbrands Inc., Under Armour, Inc., Skechers U.S.A., Inc., ASICS Corporation, Wolverine World Wide, Inc., THORLO, Inc., and New Balance Athletics, Inc., among others.

Key exporters of sports and athletic socks are China, Italy, Germany, France and U.S.

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