Market Dynamics
The market is driven by factors such as the rising demand for specialized socks products, growing importance of maintaining formal attire in corporate offices, and the awareness regarding hygiene and growing occurrences of foot disorders. However, the lack of awareness regarding the availability of different types of socks in emerging economies is hindering market growth.
Company Profiles
Some of the companies covered in this report are adidas AG, ASICS Corp., Drymax Technologies Inc., Hanesbrands Inc., Jockey International Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., THORLO Inc., and Under Armour Inc. Etc.
Some Companies Mentioned with Key offerings
- Adidas AG - : The company offers a variety of socks under the brand name Stan Smith, Milano 16, and more.
- ASICS Corp. - The company offers a variety of socks such as cotton crew, 3PK, and more.
- Drymax Technologies Inc.- The company offers a variety of socks under the brand name Hyper Thin.
Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Distribution Channel, the market is classified into Offline and Online. The socks market share growth by the offline segment has been significant.
- By Geography, the market is classified as APAC, Europe, North America, South America, and MEA. APAC will have the largest share of the market.
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Socks Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.41% |
Market growth 2021-2025 |
USD 14.98 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.97 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 44% |
Key consumer countries |
China, Turkey, US, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
adidas AG, ASICS Corp., Drymax Technologies Inc., Hanesbrands Inc., Jockey International Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., THORLO Inc., and Under Armour Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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