The global socks market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2023–2029). The major factor assisting the market's growth is the growing working population. According to World Bank Data, in 2021, there were around 3.46 billion working professionals. Owing to the rising penetration of corporate offices, industry development is projected to be stronger in emerging countries, generating sufficient potential for the market. The reason behind that is that individuals in the workplace tend to adopt a standard dress code, which comprises professional clothes with shoes and socks.
Similarly, the school- and college-age population also follow a dress code. According to the National Center for Education Statistics, about 49.5 million students in prekindergarten through grade 12 were enrolled in public schools in the US in 2021. Additionally, the overall enrolment in higher education in India had climbed to roughly $41.4 million in 2020-21 from $38.5 million in 2019-20, according to the Indian Ministry of Education. As per the same source, the number of universities and colleges in 2020-21 had grown by 70 and 1453, respectively.
Browse the full report description of “Socks Market Size, Share, and Trends Analysis Report by Product Type (Casual Socks, Formal Socks, and Athletic Socks), by Material (Nylon, Cotton, Wool, Polyester, and Others), and by Distribution Channel (Online and Offline) Forecast Period (2023-2029)” at https://www.omrglobal.com/industry-reports/socks-market
Besides, athletic activities are also on the rise, increasing the demand for sports socks. For instance, the International Olympic Committee anticipates that 10,500 athletes from 206 countries will compete in the 2024 Summer Olympics Games in Paris. The market will also benefit from rising demand for specialty socks as well as increased awareness about fitness and health in various countries.
Companies such as GripGrab, DexShell, Rocky, Camaro GesmbH, and others also offer innovative socks to further the market's growth. For instance, there are moisturizing socks, waterproof socks, and mud-proof socks. Waterproof and mud-proof socks are generally preferred by mountaineers, athletes, skiers, and others.
Market Coverage
• The Market Number Available for – 2023-2029
o Base year- 2022
o Forecast period- 2023-2029
• Segment Covered-
o By Product Type
o By Material
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Adidas AG, Asics Corp., Balega, Darn Tough, Drymax Technologies Inc., Gildan Activewear Inc., and others.
Key questions addressed in the report
• What is the market growth rate?
• Which segment and region dominated the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected regions and segments
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Socks Market Report Segment
By Product Type
By Material
By Distribution Channel
Global Socks Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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