Global Novelty Socks Market Overview:
A sock is an item of clothing worn on the feet and often covering the ankle and some part of the calf. Novelty socks are typically designed with bright colors, creative design work, funny text, or licensed characters. Novelty socks are creative garments that can be inspired by movie characters, cartoons, comic books, bands, or any other type of interesting illustration. The colors may match the outfit, but the novelty design can possibly be the highlight of the outfit which is boosting the demand for novelty socks.
- Increasing Trend of Fashion in Children are Increasing the Market Demand
- Emergence of Socks as a Fashion Accessory Among Millennials
- Technology Innovation in Manufacturing Process
- Availability of Different Products in the Market
- Growing Demand from End-users
- Growth in the E-commerce Industry
- Increased Competition from the Local Manufacturers
The companies in the Novelty Socks industries are seeking ways to reduce costs, improve product quality and production efficiency. The focus is on improved productivity and reduced production cost structure. Key players are exploring various new strategies such as product launches, partnerships, and agreements to maintain and enhance their market share in the market.
Some of the key players profiled in the report are Happy Socks (Sweden), Pantherella (United Kingdom), CDLP (Sweden), Issey Miyake (United Kingdom), Afrisocks (United States), Asics Corporation (Japan), Under Armour, Inc. (United States), THORLO, Inc. (United States) and Hanesbrands Inc. (United States). Analyst at AMA Research see Global Vendors to retain maximum share of Global Novelty Socks market by 2025. Considering Market by Material , the sub-segment i.e. Cotton will boost the Novelty Socks market. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Novelty Socks market. Considering Market by Length, the sub-segment i.e. Over the Knee will boost the Novelty Socks market. Considering Market by End User, the sub-segment i.e. Men will boost the Novelty Socks market.
The Federal Trade Commission (FTC) has issued a final rule amending the Rules and Regulations under the Textile Fiber Products Identification Act (Textile Rules) to reflect the specific requirements for the disclosure of country of origin of socks contained in the Miscellaneous Trade and Technical Corrections Act of 2004.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Novelty Socks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Novelty Socks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Novelty Socks, Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Commercial Research & Development (R&D) Institutions, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.