Global Sport Socks Market Overview:
Sports socks are one of the apparel used in sports professionals. These are available in various types such as low cut, ankle length, calf length, mid-calf length, peds, and others. The rapid development in online platforms and enhancement in distribution channels is driving huge growth in the market. These are available in various patterns, fabrics, and designs. Some of the players profiled in the study are 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).
On the basis of geography, the market of Sport 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). If we see Market by Materials, the sub-segment i.e. Cotton will boost the Sport Socks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Sales Channels will boost the Sport Socks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Health Consciousness and Shifting Fashion Trends
- Mounting Disposable Income Levels, Particularly in the Emerging Economies
- The Rise in Availability on E-Commerce Platform
- Increase in Market Competency
- High Cost Associated with Sports Socks
- Rising Women Involvement in Sports
- Emerging Sports Socks with New Fabrics
- Fluctuation Cost of Raw Materials
Key Market Developments:
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.
The global sports socks market is strongly competitive and having some of the market key players. In terms of market share, some of the market players are highly dominating in this market. These market players are focusing on various strategic collaborative initiatives to enhance their market share and escalate their profitability.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Sports Socks Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Sport Socks market on the basis of product [Short Socks and Long Socks] , application [Women and Man], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Sport Socks market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Sport Socks industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Stance (United States), Pro-feet (United Sates) and Puma (Germany).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Sport Socks market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.