Socks are clothing which are designed to wore on feet. Socks are made using natural fiber such as wool & cotton, and synthetic fibers such as polyester, nylon etc. Socks are available in different sizes, shapes and colors which creates various purchase options for end users. Socks are designed to use in sports, casual and medical purposes. Currently, socks are designed that has properties like heat resistant, odor compression, anti-bacterial and many more.
Lack of awareness about health benefits about socks usage coupled with non-availability of various types and patterns of socks in developing countries may hamper grot hog the global socks market.
The global socks market report has been segmented on the basis of product type, material, end-user, distribution channel and region. On the basis of product type, the market is segmented into specialty socks, athletic socks, trouser socks, and casual socks. Casual socks segment dominates the global market in terms of revenue over the forecast period. Athletic socks segment is increasing in terms of revenue, owing to increasing demand of athletic shoes in the market. On the basis of material, the market is segmented into nylon, cotton, polyester, wool, and waterproof breathable membrane. Cotton and wool segment dominates the global market in terms of revenue over the forest period, owing to increasing demand of natural fiber socks in the market. On the basis of end-user, the market is segmented into men, women and kids. Men segment dominates the global market in terms of revenue over the forecast period, owing to high adoption of socks among male population.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global market in terms of revenue over the forecast period, owing to increasing incidence of venous disorders and rising fashion trends in this region. The market in Europe is expected to register second highest share in terms of revenue, owing to socks being part of daily wear in the region.
Key players operating in the global socks market include Adidas AG, Nike Inc., Puma SE, Renfro Corporation, ASICS Corporation, Thorlo, Inc., Balega International, LLC, Drymax Technologies Inc., Hanesbrands Inc., and Under Armour, Inc.