According to a new report by Expert Market Research, ‘Global Socks Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, global socks market expected to reach around USD 24.16 billion by 2025, at a CAGR of slightly above 10.09% between 2020 and 2025.
Competitive Landscape & Supplier Analysis:
- Adidas A.G. (OTCMKTS: ADDYY)
- Nike Inc. (NYSE: NKE)
- Puma S.E. (OTCMKTS: PUMSY)
- Hanesbrands Inc. (NYSE: HBI)
- Under Armour, Inc. (NYSE: UAA)
- Others
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This report offers a comprehensive analysis of the global socks market along with market trends, drivers, and restraints. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the socks market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the socks market by segmenting the market based on product type, material, end-user, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2025. By product type, the market includes athletic socks, specialty socks, trouser socks, casual socks, and multiple toe socks. The end-user segment includes men, women, and kids. The distribution channel segment includes wholesale, supermarkets and hypermarkets, and online stores. Based on material, the market is segmented into nylon, polyester, waterproof breathable membrane, cotton, and wool.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/socks-market
Increasing footfalls at hypermarkets/supermarkets as well as increasing usage of online retail services are fueling the sales of socks and related products in APAC, especially in China and India. China is estimated to be the largest consumer of socks, followed by India. Moreover, these formats are enabling convenience in terms of making purchases as well as choosing from a wide variety of socks. Consumers, especially the working class, prefer online retail over offline retail, owing to their busy schedules. This trend is expected to continue during the forecast period.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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