5 Sock Trends Stepping Up by 2030: A Look at the Booming US$ 88 Billion Market, by RationalStat Market Report

The global socks market is expected to reach US$ 88.4 billion by 2030, with an annual growth rate of more than 6.4%.

According to RationalStat most recent industry analysis, the Global Socks Market value is estimated at US$ 57.2 billion in 2023 and is expected to rise at a strong CAGR of over 6.4% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

Socks refer to garments that cover the feet and often extend up to the ankle or higher. They are typically made of various materials, including cotton, wool, synthetic fibers, or blends, and serve both functional and fashion purposes.
Innovations in sock manufacturing, including the use of advanced materials and technologies, have led to the development of socks with enhanced properties. Features such as moisture management, odor control, and temperature regulation contribute to the market appeal.

According to a deep-dive market assessment by RationalStat, the global socks market has been analyzed on the basis of market segments, including purity FU, function, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global socks market covers market sizes on the basis of market value (US$/EUR Million), volume (Million Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global socks market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Socks Market: Segmental and Market Share Analysis

• On the basis of distribution channel, offline segment dominated the market with a share of 55% in 2022. Consumers primarily look for product life cycle and price/value factor while purchasing a product and find retail shops the most convenient place to try.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 57.2 billion
Market Size Forecast US$ 88.4 billion
Growth Rate 6.4%
Dominant Segment Offline
Dominant Region Asia Pacific

Key Market Drivers
• Engage in effective marketing
• Cultural and seasonal influences
• Innovation in materials and technology

Companies Profiled
• Hanesbrands
• Nike
• Adidas
• PUMA
• Under Armour
• DICK'S Sporting Goods
• The TJX Companies
• Walmart
• Amazon

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global socks market include.

• In January 2020: Happy Socks teamed up with style legend Jonny Ramone, brand new socks for the dynamic new collection.
Some of the prominent players and suppliers operating and contributing significantly to the global socks market growth include Hanesbrands, Nike, Adidas, PUMA, Under Armour, DICK'S Sporting Goods, The TJX Companies, Walmart, and Amazon, among others.

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RationalStat has segmented the global socks market based on product type, material type, distribution channel and region
• Global Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Product Type
o Casual Socks
o Athletic Socks
o Specialty Socks
• Global Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Material Type
o Cotton
o Polyester
o Nylon
• Global Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Distribution Channel
o Online
o Offline
 Supermarkets/Hypermarkets
 Department Stores
 Specialty Stores
• Global Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Region
o North America Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Socks Market Value (US$ Million), Volume (Million Units) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Socks Report:
• What will be the market value of the global Socks market by 2030?
• What is the market size of the global Socks market?
• What are the market drivers of the global Socks market?
• What are the key trends in the global Socks market?
• Which is the leading region in the global Socks market?
• What are the major companies operating in the global Socks market?
• What are the market shares by key segments in the global Socks market?

Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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