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Socks Market Growth and Key Players Analysis 2025

Socks Market Research report 2020 is a detailed presentation on current market conditions and growth analysis report for the forecast period of 2020 to 2025. <br>

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Socks Market Growth and Key Players Analysis 2025

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  1. Global Socks Market foreseen to garner a CAGR of about 7% by 2025 Market overview: The global Socks Market was worth USD 42.5 billion in 2020, and it is estimated that it will progress at a CAGR of 6.8% during the anticipated period of 2020- 2025. Socks are a type of clothing worn on the feet and generally cover the ankles and part of the calf. Generally, shoes or other types of shoes are worn over socks. The socks are used for medical, casual and sports purposes. The socks are made from materials such as wool, nylon, and cotton. Socks help your feet keep insects soft and wick sweat off your legs. It also provides additional cushioning for your feet and prevents odors. In cold areas, wool socks are used to protect feet from cold and frost. The availability of socks in a variety of shapes, sizes, colors and patterns increases the demand among consumers. Market Drivers and Restrains: The growing demand for a wide range of footwear by urban consumers is a positive factor in the socks market. Following the development of raw materials composed of functions like water repellent and anomaly inhibitor, the instant manufacturing process is an important factor driving the growth of the global market. Also, raw materials with antifungal and antibacterial properties are highly preferred for making socks. Socks, such as compression socks, diabetic socks that offer various health benefits, are now available on the market, increasing demand for a variety of medical applications. In addition, the growth trend of sports shoes is driving the growth of the market along with the recognition of the famous sneaker brand by major brands. With the increasing penetration of the internet and smartphones, consumers are engaging in peer product reviews before purchasing. Because of this, consumers prefer natural fibers to synthetic ones. Also, growing concern about side effects associated with foot ulcers in diabetics worldwide is expected to promote the utility of advanced sock variants as a means of foot protection in the near future. The demand for natural fiber materials for making socks is relatively high in developed countries due to the sustainability of natural fibers. The demand for natural fibers such as cotton is quite high for the manufacture of socks. The demand for socks made from man-made fibers is relatively high in developing countries due to their low prices. However, natural fibers are expected to lose significant market share compared to synthetic fibers

  2. such as nylon and polyester. Also, the lack of awareness about the availability of different types of socks in emerging economies is a factor that is expected to hamper the growth of the global socks market in the near future. To know more read: https://www.marketdataforecast.com/market-reports/socks-market Report is segmented as: The global socks market can be segmented by material, end user, product type and distribution channel. By product type, the market includes specialty socks, sports socks, casual socks, trouser socks, and multi-finger socks. Depending on the material, the market is segmented into polyester, nylon, cotton, breathable waterproof membrane and wool. The end-user segment includes men, women, and children. The distribution channels segment includes supermarkets and hypermarkets, wholesale and online stores. Geographical Segmentation: By region, Asia Pacific accounted for the largest market share in terms of revenue in 2019 and is expected to show good growth over the forecast period. This growth may be due to the thriving retail sector in Asia-Pacific countries like China and India, and the growing fashion trends of young people. The European socks market is expected to see significant growth in the future due to rising fashion trends and cold weather. Europe has the second largest share of the socks market in the world. Impact of COVID 19 on Socks Market The footwear and socks industries are expected to experience robust growth throughout 2020 as a result of the unprecedented supply chain disruption caused by the COVID-19 outbreak around the world. The expected decline in the global socks market is due to major supply chain disruptions in major export markets including China and India. Luxury apparel is another lucrative space for promising manufacturers, given the rise of wealthy and fashion-conscious consumers around the world.

  3. Key market players: Key players in the global socks market include Nike Inc., Drymax Technologies Inc., Adidas AG, Under Armor, Inc., Balega, THORLO, Inc., Renfro Corporation, Asics Corporation, Hanesbrands Inc., and Puma SE. View sample and decide: https://www.marketdataforecast.com/market-reports/socks-market/request Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information:

  4. Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/

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