Socks Market size was valued at US$ 50.68 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 6.3% through 2022 to 2029, reaching nearly US$ 82.62 Bn.
Socks Market : Maximize Market Research (MMR), a leading global healthcare research firm that offers statistics and information on the global and regional healthcare sector, has published a report on the Socks market. The research offers crucial business insights, regional market sizes, and forecasting until 2029.
Several topics with an emphasis on markets and industries are covered in the report. Launching new products, expanding an organisation, collaborating with others, forming joint ventures, and acquisitions are a few examples of marketing techniques. Furthermore, this study's design has incorporated all of the crucial components of the market research that directly target the industry landscape. This market research analysis also identifies and investigates the significant market drivers, obstacles, and opportunities. A report on the Socks Market's competitive industry and market intelligence was just published by the global healthcare business consultancy firm Maximize Market Research. An 18-year industry expert has evaluated the market from both a local and global viewpoint as part of the research, which mixes primary and secondary information.
Market Overview:
The dynamics of the Socks Market can be understood better by in-depth research of statistics on current and emerging trends. In order to evaluate the significance of many factors, such as concerns presented by various agents, competitive strength, and prospective young businessmen's comprehension of a resource, the research covered Porter's five forces. In order to determine the total market size by countries and segments, the research examined each nation at the microeconomic level. Using a bottom-up approach, the size of the regional and global markets is forecasted. By conducting a micro level analysis of each country, it is feasible to determine the contribution of the unorganised market to the size of the total market. The conclusions are then confirmed through discussions with prominent local entrepreneurs. Secondary research is carried out and evaluated using both paid and free data sets. The sources for demand by category and supply by each player are real government data, commercial databases, and, in the case of listed firms, yearly reports.
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Market Segmentation:
On a global level, the growing importance of formal dress among white-collar professionals is expected to play a key role in boosting the utility of socks. As a result, market growth is expected to accelerate in the coming years. Furthermore, rising adult expenditure on health and fitness is expected to increase demand for various shoe accessories such as sports socks and ankle socks during workouts at gyms and health clubs. In view of the rising number of diabetic foot diseases, numerous health care specialists have raised their expenditure on releasing various study papers on preserving a healthy foot during the last few years.
Key players:
• Hanesbrands Inc
• Gildan Activewear Inc.
• Industria de Diseño Textil, S.A
• Jockey
• Mizuno
• Rawlings
• Salomon/ Amer Sports
• Under Armour, Inc.
• Bridgedale
• Delta Galil
• Darn Tough
• Camano
• Falke
• Seger
• Monnet
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Nov 24, 2022