What is Socks Market Scope?
The increasing 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 is expected to boost the market growth in the coming years. Socks are being considered as a style statement among youths, which can be seen in social media websites such as Instagram, Facebook, Twitter, and other social platforms. Increasing 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. This has projected the growth of the global socks market in the forecast period.
The Socks market study is being classified by Type (Crew, Knee-High, Low Cut, No Show, Quarter Cut and Others), by Application (Athletic Socks, Specialty Socks, Trouser Socks, Casual Socks and Multiple Toe Socks) and major geographies with country level break-up.
Research Analyst at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Socks market throughout the predicted period.
Nike (United States), Adidas (Germany), Reebok (United States), Puma (Germany), Yaktrax (United States), Brooks (United States), Mizuno (Japan), New Balance (United States), Balega (United States), Drymax (United States) and ECCO Sko A/S (Denmark) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are FootJoy (United States), Stance (United States), Pro-feet (United States), Asics (Japan) and GOLDWIN INC. (Japan).
Analyst at AMA have segmented the market study of Global Socks market by Type, Application and Region.
On the basis of geography, the market of 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).
Market Influencers and their development strategies
In March 2019, Ecco Golf signed a distribution agreement with Punjab-based Bhaseen Sports Pvt Ltd. With this agreement, Bhaseen Sports become the sole distributor of ECCO Golf shoes and accessories in India.
Recently, In Aug 2020, Goldwin has 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. and In February 2014, FootJoy launched a new FJ Tour Compression Golf Sock. It provides comfort and consistency by emphasizing areas of the foot that is used throughout the golf swing and walking around the course.
Influencing Market Trend
- The Rise in Availability on E-Commerce Platform
- Increasing Popularity of the various Sports
- Rising Health Consciousness and Shifting Fashion Trends
- Increasing Women Involvement in Sports Activity
- Emerging Sports Socks with New Fabrics
- High Cost Associated with Sports and Athletic Socks
- Intense Competition among Competitors
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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