Sports and Athletic Socks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The sports and athletic socks market has seen significant growth, achieving a revenue of US$ 6,820 million in 2024, according to the latest report by Fairfield Market Research. The market is set to experience accelerated demand, with leading market players holding a prominent share in 2024. The global sports and athletic socks market is projected to reach a valuation of US$ 10,010 million by 2031.
Key Market Insights:
Growing Interest in Sports and Fitness:
• The increasing number of people participating in athletic training programs and recreational sports has a significant impact on the global sports and athletic socks market.
• The market expansion is driven by the public's preference for niche sports and physically demanding activities.
Marketing Claims and Associations:
• Manufacturers make various claims about their products, such as non-slip socks, grip socks, and compression socks, to attract consumers seeking specific features.
• Eco-friendly products made from recycled materials are gaining popularity, contributing to consumer interest in athletic and sports socks.
Versatile Socks:
• Consumers are increasingly looking for versatile socks suitable for both casual wear and sports activities.
• Manufacturers can capitalize on this trend by offering multipurpose socks, appealing to a broader audience.
Changing Consumer Preferences:
• The market faces challenges as consumers opt for low-cost, disposable footwear, impacting the sales of traditional sports and athletic socks.
• Companies are adapting by producing socks with lower maintenance and alternative costs.
Country-wise Insights:
United States:
• Increased sports-related injuries have led to a higher demand for sports and athletic socks that provide comfort and protection.
• The awareness of safety during sports and recreational activities is driving regional sales.
United Kingdom:
• The premiumization trend is reshaping the market, with consumers demanding superior and premium-grade sports and athletic socks.
• Manufacturers are focusing on products that offer advanced features like odor control and anti-blister properties.
Brazil:
• Millennial interest in outdoor and recreational activities is boosting the adoption of sports and athletic socks.
• The development of leisure and outdoor clubs in the region is contributing to the growth of sports like baseball, basketball, and hockey.
India:
• The Indian market is expected to witness rapid growth due to increasing brand awareness and low sock penetration.
• Online distribution channels, especially e-commerce, are expected to grow significantly.
Competitive Landscape:
• Market players are actively expanding their industry presence to gain a competitive advantage.
• Investments and expansion into low- and middle-income countries are key strategies among competitors.
Key Companies Profiled:
• Nike, Inc.
• Adidas AG
• VF Corporation
• PUMA SE
• Jockey International Inc.
• Drymax Technologies Inc.
• Hanesbrands Inc.
• Under Armour, Inc.
• Skechers U.S.A., Inc.
• ASICS Corporation
• Wolverine World Wide, Inc.
• THORLO, Inc.
• New Balance Athletics, Inc.
• and Others
Key Segments Covered in Sports and Athletic Socks Industry Research
By Product
• Running Socks
• Snow Sports Socks
• Soccer Socks
• Basketball Socks
• Cycling Socks
• Fitness Socks
• Casual Sports Socks
• Golf Socks
• Hockey Socks
By Consumer Orientation
• Men
• Women
• Unisex
• Kids
By Material Type
• Cotton Blend
• Synthetic Blend
• Wool Blend
By Sales Channel
• Online
Direct to Customer Sales
Third Party Sales
• Offline
Franchised Stores
Independent Stores
Mono-Brand Stores
Specialty Stores
Hypermarket/ Supermarket
Convenience Stores
Departmental Stores
Other Sales Channel
By Region
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA
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