Global Socks Market US$ 42.75 billion in 2020 and is estimated to be US$ 76.96 billion by 2030 and is anticipated to register a CAGR of 6.1%. Socks are a sort of footwear that covers the ankle and calf. Over socks, other types of footwear or shoes are worn. Socks are used for a variety of reasons, including casual, sports, and medicinal. Cotton, wool, nylon, and other materials are used to make socks. Woolen socks are worn in colder climates to protect feet from frost bite and cold. Socks keep your feet worm, soft, and absorb moisture from your legs.
Analyst View:
The global socks market is growing due to developments in raw materials with qualities such as water repellant and odder suppressant, as well as improvements in production techniques. Furthermore, raw materials used to make soaks have strong anti-fungal and anti-bacterial qualities, which drives up demand for raw materials and propels the target market forward. Furthermore, in high-altitude areas, increased demand for thin, heat-resistant, and lightweight socks is likely to boost the global socks market throughout the forecast period. However, in emerging economies, a lack of information about the various varieties of socks available would limit the target market’s growth.
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Key Highlights of Socks Market:
Key Market Insights from the report:
The Global Socks Market accounted for US$ 42.75 billion in 2020 and is estimated to be US$ 76.96 billion by 2030 and is anticipated to register a CAGR of 6.1%.The Global Socks Market has been segmented on the basis of product type, material, end-user, distribution channel and region.
By Product Type:
Specialty Socks, Athletic Socks, Trouser Socks, and Casual Socks.
By Material:
Nylon, Cotton, Polyester, Wool, and Waterproof Breathable Membrane.
By End-user:
Men, Women, and Kids.
By Distribution Channel:
Wholesale, Supermarkets and Hypermarkets, and Online Stores
By Region:
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Socks Market:
Some of the major players operating in the global industrial Socks include Adidas A.G., Nike Inc., Puma S.E, Renfro Corporation, Asics Corporation, United Legwear & Apparel Co., LLC, Thai Sock Co Ltd, Converse Inc., Supersox and Disney, Under Armour, Inc., Saucony, LLC, Williamson-Dickie Manufacturing Company, LLC, and Darn Tough Vermont.
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Global Socks Market, By Product Type:
Global Socks Market, By Material:
Global Socks Market, By End-user:
Global Socks Market, By Distribution Channel:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
Some Important Points Answered in this Market Report Are Given Below:
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Global Functional Clothing Market, By Type (Sportswear, Footwear, Socks, and Innerwear), By Application (Water Resistant, Anti-microbial, Wicking, and Stain Resistant), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2029
https://www.prophecymarketinsights.com/market_insight/Global-Functional-Clothing-Market-By-3512
Market Purview
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