Socks market 2023-2027 | APAC will account for 32% of the market’s growth during the forecast period – Technavio

NEW YORK, Oct. 31, 2023 /PRNewswire/ — According to Technavio, the global socks market size is estimated to grow by USD 15,051.43 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.62%. Moreover, the growth momentum will accelerate. APAC will account for 32% of the market’s growth during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the market, request a sample report

Socks market – Five forces
The global socks market is fragmented, and the five forces analysis covers– 

Bargaining power of buyers The threat of new entrantsThreat of rivalryBargaining power of suppliersThreat of substitutesFor an interpretation of Porter’s five forces model – buy the report!

Socks market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Socks market – Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (offline and online) and product (plain-knitted, rib-knitted, and terry-knitted). 

The offline segment will account for a significant share of the market’s growth during the forecast period. The sales of products through hypermarkets, supermarkets, and franchised stores primarily contribute to the revenue of the offline distribution channel. Market players are expanding their product portfolios in the global, regional, and local markets to increase sales through offline channels. In addition, retailers of socks are introducing new business and retail strategies such as attractive pricing and a wide range of products to sustain in such a competitive market. These factors will drive the segment growth during the forecast period.

Geography overview
Based on geography, the global socks market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global socks market.

APAC is estimated to account for 32% of the growth of the global market during the forecast period. This growth is attributed to factors such as rising disposable incomes, rapid growth of the retail industry, shift toward sports and athletic activities, and the increasing importance of formal attire in corporate offices. In addition, the increasing number of professional sports leagues is expected to provide will drive the spending on premium sports accessories, such as shoes and socks. This, in turn, will fuel the growth of the regional market during the forecast period.

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Socks market – Market dynamics
Key factor driving market growth

The rising demand for specialized socks products is driving the market growth.The sales of different types of socks, including professional socks, have increased.The rise in the sales of sports shoes has also increased the demand for socks with special features.Doctor-recommended socks are another category that is expected to generate significant revenue. For instance, manufacturers of specialty socks are focusing on developing socks that cater to diabetes patients.These factors will fuel the growth of the market during the forecast period.

Leading trends influencing the market 

The launch of socks that track the temperature, movement, and location of infants is a key trend in the market.With the help of smart technology for babies, parents can access an entire network of connected technology to monitor the activities of their children.This allows them to receive feedback from feeding bottles, pacifiers, cribs, prams, clothes, and more.For instance, in August 2021, Owlet announced the launch of Smart Sock Plus, which monitors a child’s vital parameters up to the age of 5 years. Parents can keep tabs on their children’s heart rates, blood oxygen levels, and sleep trends.Therefore, the innovation of smart technology in baby care will support the market growth during the forecast period.

Major challenges hindering market growth

Rising demand for synthetic or manmade fibers is challenging market growth.Synthetic fibers have properties such as high strength and a low absorption rate when compared to natural fibers.As a result, socks made from these fibers are more durable, last longer, and dry quickly after washing.Most natural fibers are expensive, especially in their pure forms.Hence, synthetic fibers are low-cost alternatives to natural products.These factors will challenge the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this socks market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the socks market between 2023 and 2027Precise estimation of the size of the socks market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the socks market across APAC, Europe, North America, South America, and Middle East and AfricaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of socks market vendors

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The waterproof socks market size is expected to increase by USD 1.89 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.33%. This report extensively covers segmentation by product (nylon, merino wool, polypropylene, and bamboo rayon) and geography (APAC, Europe, North America, South America, and MEA).

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Table of contents

1 Executive Summary

1.1 Market overview Exhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by Distribution ChannelExhibit 06: Executive Summary – Chart on Market Segmentation by ProductExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem Exhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD million)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD million)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global socks market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global socks market 2017 – 2021 (USD million)4.2 Distribution channel Segment Analysis 2017 – 2021Exhibit 19: Historic Market Size – Distribution channel Segment 2017 – 2021 (USD million)4.3 Product Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Product Segment 2017 – 2021 (USD million)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD million)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD million)

5 Five Forces Analysis

5.1 Five forces summary Exhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market condition Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

6.1 Market segments Exhibit 30: Chart on Distribution Channel – Market share 2022-2027 (%)Exhibit 31: Data Table on Distribution Channel – Market share 2022-2027 (%)6.2 Comparison by Distribution Channel Exhibit 32: Chart on Comparison by Distribution ChannelExhibit 33: Data Table on Comparison by Distribution Channel6.3 Offline – Market size and forecast 2022-2027Exhibit 34: Chart on Offline – Market size and forecast 2022-2027 (USD million)Exhibit 35: Data Table on Offline – Market size and forecast 2022-2027 (USD million)Exhibit 36: Chart on Offline – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Offline – Year-over-year growth 2022-2027 (%)6.4 Online – Market size and forecast 2022-2027Exhibit 38: Chart on Online – Market size and forecast 2022-2027 (USD million)Exhibit 39: Data Table on Online – Market size and forecast 2022-2027 (USD million)Exhibit 40: Chart on Online – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Online – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Distribution ChannelExhibit 42: Market opportunity by Distribution Channel (USD million)

7 Market Segmentation by Product

7.1 Market segments Exhibit 43: Chart on Product – Market share 2022-2027 (%)Exhibit 44: Data Table on Product – Market share 2022-2027 (%)7.2 Comparison by Product Exhibit 45: Chart on Comparison by ProductExhibit 46: Data Table on Comparison by Product7.3 Plain-knitted – Market size and forecast 2022-2027Exhibit 47: Chart on Plain-knitted – Market size and forecast 2022-2027 (USD million)Exhibit 48: Data Table on Plain-knitted – Market size and forecast 2022-2027 (USD million)Exhibit 49: Chart on Plain-knitted – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Plain-knitted – Year-over-year growth 2022-2027 (%)7.4 Rib-knitted – Market size and forecast 2022-2027Exhibit 51: Chart on Rib-knitted – Market size and forecast 2022-2027 (USD million)Exhibit 52: Data Table on Rib-knitted – Market size and forecast 2022-2027 (USD million)Exhibit 53: Chart on Rib-knitted – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Rib-knitted – Year-over-year growth 2022-2027 (%)7.5 Terry-knitted – Market size and forecast 2022-2027Exhibit 55: Chart on Terry-knitted – Market size and forecast 2022-2027 (USD million)Exhibit 56: Data Table on Terry-knitted – Market size and forecast 2022-2027 (USD million)Exhibit 57: Chart on Terry-knitted – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Terry-knitted – Year-over-year growth 2022-2027 (%)7.6 Market opportunity by Product Exhibit 59: Market opportunity by Product (USD million)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 61: Chart on Market share by geography 2022-2027 (%)Exhibit 62: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 63: Chart on Geographic comparisonExhibit 64: Data Table on Geographic comparison9.3 APAC – Market size and forecast 2022-2027Exhibit 65: Chart on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 66: Data Table on APAC – Market size and forecast 2022-2027 (USD million)Exhibit 67: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 (USD million)Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 North America – Market size and forecast 2022-2027Exhibit 73: Chart on North America – Market size and forecast 2022-2027 (USD million)Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 (USD million)Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)9.6 South America – Market size and forecast 2022-2027Exhibit 77: Chart on South America – Market size and forecast 2022-2027 (USD million)Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 (USD million)Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)9.7 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD million)Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.8 China – Market size and forecast 2022-2027Exhibit 85: Chart on China – Market size and forecast 2022-2027 (USD million)Exhibit 86: Data Table on China – Market size and forecast 2022-2027 (USD million)Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)9.9 Turkey – Market size and forecast 2022-2027Exhibit 89: Chart on Turkey – Market size and forecast 2022-2027 (USD million)Exhibit 90: Data Table on Turkey – Market size and forecast 2022-2027 (USD million)Exhibit 91: Chart on Turkey – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on Turkey – Year-over-year growth 2022-2027 (%)9.10 US – Market size and forecast 2022-2027Exhibit 93: Chart on US – Market size and forecast 2022-2027 (USD million)Exhibit 94: Data Table on US – Market size and forecast 2022-2027 (USD million)Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)9.11 UK – Market size and forecast 2022-2027Exhibit 97: Chart on UK – Market size and forecast 2022-2027 (USD million)Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 (USD million)Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)9.12 Germany – Market size and forecast 2022-2027Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 (USD million)Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 105: Market opportunity by geography (USD million)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 106: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscape Exhibit 107: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruption Exhibit 108: Overview on factors of disruption11.4 Industry risks Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered Exhibit 110: Vendors covered12.2 Market positioning of vendors Exhibit 111: Matrix on vendor position and classification12.3 adidas AG Exhibit 112: adidas AG – OverviewExhibit 113: adidas AG – Business segmentsExhibit 114: adidas AG – Key newsExhibit 115: adidas AG – Key offeringsExhibit 116: adidas AG – Segment focus12.4 ASICS Corp. Exhibit 117: ASICS Corp. – OverviewExhibit 118: ASICS Corp. – Business segmentsExhibit 119: ASICS Corp. – Key newsExhibit 120: ASICS Corp. – Key offeringsExhibit 121: ASICS Corp. – Segment focus12.5 Drymax Technologies Inc. Exhibit 122: Drymax Technologies Inc. – OverviewExhibit 123: Drymax Technologies Inc. – Product / ServiceExhibit 124: Drymax Technologies Inc. – Key offerings12.6 FALKE KGaA Exhibit 125: FALKE KGaA – OverviewExhibit 126: FALKE KGaA – Product / ServiceExhibit 127: FALKE KGaA – Key offerings12.7 Hanesbrands Inc. Exhibit 128: Hanesbrands Inc. – OverviewExhibit 129: Hanesbrands Inc. – Business segmentsExhibit 130: Hanesbrands Inc. – Key offeringsExhibit 131: Hanesbrands Inc. – Segment focus12.8 Implus Footcare LLC Exhibit 132: Implus Footcare LLC – OverviewExhibit 133: Implus Footcare LLC – Product / ServiceExhibit 134: Implus Footcare LLC – Key offerings12.9 Jockey International Inc. Exhibit 135: Jockey International Inc. – OverviewExhibit 136: Jockey International Inc. – Product / ServiceExhibit 137: Jockey International Inc. – Key offerings12.10 Nike Inc. Exhibit 138: Nike Inc. – OverviewExhibit 139: Nike Inc. – Business segmentsExhibit 140: Nike Inc. – Key newsExhibit 141: Nike Inc. – Key offeringsExhibit 142: Nike Inc. – Segment focus12.11 Pantherella International Group Ltd. Exhibit 143: Pantherella International Group Ltd. – OverviewExhibit 144: Pantherella International Group Ltd. – Product / ServiceExhibit 145: Pantherella International Group Ltd. – Key offerings12.12 Patagonia Inc. Exhibit 146: Patagonia Inc. – OverviewExhibit 147: Patagonia Inc. – Product / ServiceExhibit 148: Patagonia Inc. – Key offerings12.13 PUMA SE Exhibit 149: PUMA SE – OverviewExhibit 150: PUMA SE – Business segmentsExhibit 151: PUMA SE – Key newsExhibit 152: PUMA SE – Key offeringsExhibit 153: PUMA SE – Segment focus12.14 Ralph Lauren Corp. Exhibit 154: Ralph Lauren Corp. – OverviewExhibit 155: Ralph Lauren Corp. – Business segmentsExhibit 156: Ralph Lauren Corp. – Key offeringsExhibit 157: Ralph Lauren Corp. – Segment focus12.15 Skechers USA Inc. Exhibit 158: Skechers USA Inc. – OverviewExhibit 159: Skechers USA Inc. – Business segmentsExhibit 160: Skechers USA Inc. – Key newsExhibit 161: Skechers USA Inc. – Key offeringsExhibit 162: Skechers USA Inc. – Segment focus12.16 Thorlos Exhibit 163: Thorlos – OverviewExhibit 164: Thorlos – Product / ServiceExhibit 165: Thorlos – Key offerings12.17 Under Armour Inc. Exhibit 166: Under Armour Inc. – OverviewExhibit 167: Under Armour Inc. – Business segmentsExhibit 168: Under Armour Inc. – Key offeringsExhibit 169: Under Armour Inc. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 170: Inclusions checklistExhibit 171: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 172: Currency conversion rates for USUSD13.4 Research methodology Exhibit 173: Research methodologyExhibit 174: Validation techniques employed for market sizingExhibit 175: Information sources13.5 List of abbreviations Exhibit 176: List of abbreviations

 

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