Socks Market size was valued at USD 51.29 Bn in 2023 and is expected to reach USD 79.23 Bn by 2030, at a CAGR of 6.41 %.
Socks Market Overview:
This Socks market study looks at current and emerging industry trends and dynamics in the global Socks market. Socks Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Socks market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Socks market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Socks market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Socks market environment. Increased demand for Socks is driving the market. The Socks market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
Application: Fashion socks are a tribute to style and aesthetics in the ever-evolving socks market. Fashion socks are made to appeal to customers who see them as accessories with style as well as practical clothing. They appear in an array of eye-catching hues, patterns, and styles that frequently reflect current fashion trends, satisfying the needs of individuals want to make a statement with their sock selections. Sports and athletic socks are the highest quality socks for athletes and athletes. With characteristics like cushioning, arch support, and moisture-wicking, these socks are expertly designed to improve people’s athletic and sporting endeavors.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Nike, Inc.
2. Adidas AG
3. Hanesbrands Inc.
4. Puma SE
5. Under Armour, Inc.
6. Berkshire Hathaway Inc. (Fruit of the Loom)
7. Gildan Activewear Inc.
8. Skechers USA, Inc.
9. Calvin Klein, Inc.
10. H&M Hennes & Mauritz AB
11. Stance, Inc.
12. Burlington Socks (by Kappa)
13. Thorlos, Inc.
14. Smartwool (by VF Corporation)
15. Socksmith Design, Inc.
16. Anta
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Socks market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Socks Market:
The COVID-19 epidemic has had a significant impact on the global Socks industry. Socks Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Socks market to decelerate in 2020. The negative impact of COVID-19 on the Socks market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Socks.
Key Questions Answered in the Socks Market Report are:
- Which segment was responsible for the largest share in the Socks market?
- How was the competitive scenario of the Socks market in 2023?
- Which are the key factors responsible for the Socks market growth?
- Which region held the maximum share in the Socks market in 2023?
