Socks Market Size, Share, Growth Analysis, & Forecast 2032

Socks Market Size:

The global Socks Market size was worth around USD 13.75 billion in 2023 and is predicted to grow to around USD 17.95 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.00% between 2024 and 2032.

The report covers a forecast and an analysis of the socks market on a global level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the socks market along with the impact they have on the demand over the forecast period. 

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Socks Market: Overview

Socks are a piece of cloth that comes in pair and are used to protect feet. They are also used to prevent and cover half of the calves and ankles. In the past, people wore socks made from animal hair called piloi and animal leather. In addition, socks can be made from various materials, such as wool, nylon, and cotton polyester. However, these socks are mainly used to increase softness through cashmere, bamboo, silk, and mohair, etc. available in various colors. Socks are most commonly used in sports, business, and casual wear. Business socks are used for colored socks to have a formal appearance. The term is often used loosely to indicate a term for a formal office setting.

The major driver of the socks market is increasing demand for different shoes. For instance, increasing demand for sports shoes is likely to increase the demand for sports socks. The increasing demand for socks by males is expected to boost the socks market over the forecast time period. It has been found that nearly half of the men wear socks while performing their day-to-day activities. In addition, around 50% of the global population uses socks every day. This can result in the growth of the men’s apparel industry over the estimated timeline.

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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.

Socks Market: Segmentation

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 2024 to 2032.

By product type, the market includes athletic socks, specialty socks, trouser socks, casual socks, and multiple toe socks. Specialty socks will have the largest market share in the global socks market in the future.

Based on material, the socks market is segmented into nylon, polyester, waterproof breathable membrane, cotton, and wool. Nylon and cotton segments dominated the market in 2023 and are projected to witness strong growth in the years to come.

Based on end-user, the socks market is segmented into men, women, and kids.

Based on distribution channel, the socks market is segmented into wholesale, supermarkets and hypermarkets, and online stores.

Socks Market: Report Scope

Socks Market: Regional Insights

By region, Asia Pacific accounted for the largest market share in terms of revenue in 2023 and is expected to show good growth over the estimated timeframe. This growth can be attributed to the thriving retail sector in Asia Pacific countries, such as China and India, and increasing fashion trends among the youth. In addition, the demand for cotton and woolen clothes is declining in developing countries due to their high costs. The growing use of syntactic fabric for the manufacturing of socks in the region’s developing countries is fuelling the growth of socks market in developing countries. The European socks market is anticipated to experience substantial growth in the future, owing to the increasing fashion trends and cold weather conditions. Europe holds the second largest share of the socks market in the world.

Socks Market: Key Players Analysis

Some key players of the global socks market include:

• Drymax Technologies Inc.
• Nike Inc.
• Under Armour Inc.
• Adidas AG
• Renfro Corporation
• THORLO Inc.
• Hanesbrands Inc.
• Asics Corporation
• Balega
• Puma SE.

This report segments the global socks market into:

Global Socks Market: Product Type Analysis

• Specialty Socks
• Athletic Socks
• Trouser Socks
• Casual Socks
• Multiple Toe Socks

Global Socks Market: Material Analysis

• Nylon
• Cotton
• Polyester
• Wool
• Waterproof Breathable Membrane

Global Socks Market: End-User Analysis

• Men
• Women
• Kids

Global Socks Market: Distribution Channel Analysis

• Wholesale
• Supermarkets and Hypermarkets
• Online Stores

Global Socks Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa