(MENAFN - iCrowdNewsWire)According to IMARC Group latest report titled” Socks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, the market exhibited moderate growth during 2015-2020. The global socks market report to grow at a CAGR of around 5% during 2021-2026. Socks refer to a pair of knitted or woven covering worn to prevent the rubbing of shoes on the bare feet. They are made using a variety of materials, such as wool, cotton, nylon, acrylic, olefins, polyester, spandex, silk, bamboo, linen, mohair, and cashmere which are adopted based on different requirements and weather conditions. Besides this, diabetic socks manufactured using unique yarns help alleviate symptoms associated with diabetes, such as reducing rough abrasion and shear forces on the skin.
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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 growing number of working professionals, along with the rising adoption of the formal business environment, is currently driving the global socks market. Moreover, the increasing number of individuals opting for sports as their career option is also propelling the demand for compression socks. Compression socks are generally worn during sports activities to increase oxygen delivery and minimize jarring, stress, and vibration to the muscles, thereby enhancing the endurance and performance of athletes. Besides this, the rising prevalence of diabetes, along with the increasing awareness about the impact of diabetes on the feet of the patients, is augmenting the demand for diabetic socks. Besides this, the key market players are launching innovative products that track infants’ temperature, movement, and location, which is anticipated to further drive the market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Adidas AG
- ASICS Corporation
- Drymax Technologies Inc.
- Hanesbrands Inc
- Implus Footcare LLC
- Nike Inc
- Puma SE
- Renfro Brands
- Under Armour Inc
Socks Market Segmentation:
Our report has categorized the market based on region, product, material, application and distribution channel.
Breakup by Product:
- Waterproof Breathable Membrane
Breakup by Application:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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