The latest report by IMARC Group, titled “Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on socks market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global socks market is expected to exhibit a CAGR of 5.2% during 2022-2027.
Socks refer to pairs of woven covering materials that are worn to prevent shoes from rubbing on the bare feet. They are manufactured utilizing several materials, including cotton, wool, nylon, acrylic, polyester, olefins, spandex, silk, bamboo, linen, cashmere, etc., which are used based on individual consumer requirements and weather conditions. Furthermore, diabetic socks are also manufactured using unique yarns that aid in alleviating symptoms associated with diabetes and in reducing rough abrasion and shear forces on the skin. Socks are utilized in casual, formal, and athletic applications across the globe.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The increasing number of working professionals and the emerging trend of formal attire at the workplace are among the key factors driving the socks market. Besides this, the rising number of individuals opting for sports as a career option is catalyzing the demand for compression socks, which are preferred during sports activities to uplift the blood flow and minimize jarring, vibration, and stress to the muscles. Moreover, the elevating awareness towards the impact of diabetes on the feet of the patients is acting as another significant growth-inducing factor. Apart from this, various leading market players are launching customized product variants via online channels, which is further stimulating the market growth. Additionally, the introduction of advanced variants that can track the temperature, movement, and location of the wearer is anticipated to bolster the socks market in the coming years.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Our report has categorized the market based on region, product, material, application and distribution channel.
Key highlights of the report:
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