The global socks market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2024–2031). The major factor assisting the market’s growth is the growing working population. According to World Bank Data, in 2021, there were around 3.46 billion working professionals. Owing to the rising penetration of corporate offices, industry development is projected to be stronger in emerging countries, generating sufficient potential for the market. The reason behind that is that individuals in the workplace tend to adopt a standard dress code, which comprises professional clothes with shoes and socks.
Similarly, the school- and college-age population also follow a dress code. According to the National Center for Education Statistics, about 49.5 million students in prekindergarten through grade 12 were enrolled in public schools in the US in 2021. Additionally, the overall enrolment in higher education in India had climbed to roughly $41.4 million in 2020-21 from $38.5 million in 2019-20, according to the Indian Ministry of Education. As per the same source, the number of universities and colleges in 2020-21 had grown by 70 and 1453, respectively.
Besides, athletic activities are also on the rise, increasing the demand for sports socks. For instance, the International Olympic Committee anticipates that 10,500 athletes from 206 countries will compete in the 2024 Summer Olympics Games in Paris. The market will also benefit from rising demand for specialty socks as well as increased awareness about fitness and health in various countries.
Companies such as GripGrab, DexShell, Rocky, Camaro GesmbH, and others also offer innovative socks to further the market’s growth. For instance, there are moisturizing socks, waterproof socks, and mud-proof socks. Waterproof and mud-proof socks are generally preferred by mountaineers, athletes, skiers, and others.
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Market Coverage
- The Market Number Available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Product Type
- By Material
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Adidas AG, Asics Corp., Balega, Darn Tough, Drymax Technologies Inc., Gildan Activewear Inc., and others.
Socks Market Report Segment
By Product Type
- Casual Socks
- Formal Socks
- Athletic Socks
By Material
- Nylon
- Cotton
- Wool
- Polyester
- Others
By Distribution Channel
- Online
- Offline
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Socks Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Adidas AG
- Asics Corp.
- Balega
- Darn Tough
- Drymax Technologies Inc.
- Gildan Activewear Inc.
- Hanesbrands Inc.
- Jockey International Inc.
- Nike Inc.
- Puma SE
- Renfro Corp.
- Skechers USA, Inc.
- Thorlo Inc.
- Under Armour, Inc.
- United Legwear & Apparel Co.
- VF Corp.
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