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Socks Market Growth of USD 14.98 billion from 2020 to 2025 | Evolving Opportunities with adidas AG and Nike Inc. | 17,000+ Technavio reports

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Market dynamics
The market is driven by factors such as the growing demand for specialty sock products, the growing importance of maintaining formal attire in corporate offices, and awareness of hygiene and the growing occurrence of disorders. of the foot. However, the lack of awareness regarding the availability of different types of socks in emerging economies is hampering the growth of the market.

Company Profiles
Some of the companies covered in this report are adidas AG, ASICS Corp., Drymax Technologies Inc., Hanesbrands Inc., Jockey International Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., THORLO Inc. and Under Armor Inc.. Etc.

Some companies mentioned with key offers

  • Adidas AG – : The company offers a variety of socks under the brand Stan smith, Milan 16, and more.
  • ASICS Corp. – The company offers a variety of socks such as cotton socks, 3PK, etc.
  • Drymax Technologies Inc.- The company offers a variety of socks under the Hyper Thin brand.

Competitive analysis
The report includes Competitive Analysis, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors taken into account for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.

Market segmentation

  • By distribution channel, the market is categorized into offline and online. The growth in the socks market share by the offline segment has been significant.
  • By geography, the market is classified in APAC, Europe, North America, South America, and MEA. APAC will have the largest share of the market.

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Scope of the socks market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Decelerate to 6.41% CAGR

Market growth 2021-2025

$ 14.98 billion

Market structure

Fragmented

Annual growth (%)

8.97

Regional analysis

APAC, Europe, North America, South America and MEA

Efficient contribution to the market

44% APAC

Main consumer countries

China, Turkey, United States, United Kingdom and Germany

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

adidas AG, ASICS Corp., Drymax Technologies Inc., Hanesbrands Inc., Jockey International Inc., Nike Inc., PUMA SE, Ralph Lauren Corp., THORLO Inc. and Under Armor Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

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