What is Sports and Athletic Socks Market?
Sports and athletic socks are used for the athletes for playing various games. The rising importance of maintaining formal attire among white-collar professionals on a global level is expected to play a crucial role in expanding the utility of socks. This, in turn, is expected to boost the market growth in the forecast period. Moreover, rising spending on health and fitness among adults is projected to prompt the demand for various shoe accessories such as sports socks and ankle socks during the workouts in gymnasiums and health clubs.
The market study is being classified by Type (Crew, Knee-High, Low Cut, No Show, Quarter Cut and Others), by Application (Running, Soccer, Snow Sports, Basketball, Cycling, Fitness and Others) and major geographies with country level break-up.
Nike (United States), Adidas (Germany), Asics (Japan), Reebok (United States), Yaktrax (United States), Brooks (United States), Mizuno (Japan), New Balance (United States), Balega (United States) and Drymax (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Stance (United States), Pro-feet (United States) and Puma (Germany).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sports and Athletic Socks market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Sports and Athletic Socks market by Type, Application and Region.
On the basis of geography, the market of Sports and Athletic Socks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Health Consciousness and Shifting Fashion Trends
- Increasing Disposable Income Levels in the Emerging Economies like India, China, and Brazil
- The Rise in Availability on E-Commerce Platform
- High Cost Associated with Sports and Athletic Socks
- Increasing Women Involvement in Sports Activity
- Emerging Sports Socks with New Fabrics
- Intense Competition among Competitors
- Fluctuation Cost of Raw Materials
In Aug 2020, an International technical apparel brand, Goldwin announced to launch of its new socks made with Japanese paper fiber. Through this initiative, the company is aiming to strengthen its position in the market.
Key Target AudienceSports and Athletic Socks Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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