DUBLIN, July 29, 2021--(BUSINESS WIRE)--The "Global Socks Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
According to this report the global socks market attained a value of USD 43.6 billion in 2020. Aided by the growing innovations in design, the market is projected to further grow at a CAGR of 6.3% between 2021 and 2026 to reach a value of USD 61.5 billion by 2026.
A sock is an item of clothing that covers the foot or the lower portion of the leg and is composed of soft material. It is usually made of cotton, wool, or nylon and worn with shoes. They come in a variety of colours, sizes, and materials to meet the needs of the consumer.
Rising disposable incomes, a growing retail industry, a growing trend toward sports and athletic activities, and the growing necessity of maintaining formal clothes in corporate workplaces are all contributing to the worldwide socks market's rise. The increased prevalence of foot illnesses, as well as expanding consumer awareness of hygiene, are propelling the socks business ahead. Because of the increasing presence of corporate offices in emerging nations, the formal socks market is likely to rise at a healthy rate.
Casual socks are one of the most popular product categories in the market, although throughout the projected period, consumers' increased awareness of health and fitness is expected to fuel demand for sports socks. Adults' increasing desire for quality shoes and sports equipment, as well as the expanding number of health clubs, are expected to boost the segment's growth. The leading companies are extensively investing in the development of customised diabetic socks due to the rising frequency of foot diseases among diabetes patients. In the worldwide socks market, this is projected to be a prominent trend.
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.
Some of the major players in the market explored in the report are:
Under Armour, Inc.
Key Topics Covered:
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Socks Market Analysis
8.1 Key Industry Highlights
8.2 Global Socks Historical Market (2016-2020)
8.3 Global Socks Market Forecast (2021-2026)
8.4 Global Socks Market by Product
8.5 Global Socks Market by Material
8.6 Global Socks Market by Demographics
8.7 Global Socks Market by Distribution Channel
8.8 Global Socks Market by Region
9 Regional Analysis
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR's Key Indicators for Demand
10.4 EMR's Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
13 Industry Events and Developments
For more information about this report visit https://www.researchandmarkets.com/r/qzncef
View source version on businesswire.com: https://www.businesswire.com/news/home/20210729005504/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900