Revenue of Socks Market to Expand

at a CAGR of 6.2% by 2025

The global socks market is projected to reach a market valuation of US$ 34,902.1 Mn
by 2025 end from an estimated US$ 21,517.9 Mn in 2017, exhibiting a CAGR of 6.2% in terms
of revenue over the forecast period.

The global socks market is anticipated to witness significant growth in the near future
owing to increasing urbanization and a steady rise in the working population across the globe.
In a new report titled “Socks Market: Global Industry Analysis (2012-2016) & Forecast (2017-
2025),” Persistence Market Research presents an in-depth analysis and forecast of the global
socks market over an eight year forecast period. The report highlights the key factors
impacting the market from a revenue and sales standpoint and also studies the performance
of the global socks market across major geographies and regional markets.

The emergence of socks as a fashion accessory among millennials is significantly

contributing to the growth in revenue of the global socks market. Besides, a rising health
awareness among consumers is also fueling the global market for different types of socks.
Furthermore, an increasing penetration of organized players in the global market is furthering
the development of the market and supporting growth in revenue.

The global socks market is challenged by the availability of a widespread range of

counterfeit products that threaten the sales of authentic branded socks. Besides, a low product
differentiation among end consumers coupled with the presence of a highly unorganized
market in developing economies are other factors that are likely to negatively impact revenue
growth of the global socks market during the forecast period.

APAC is slated to be the dominant regional market and is estimated to hold about 45%
market share by the end of the forecast period. The APAC and Europe regional markets
collectively accounted for approximately 2/3rd of the total revenue generated in 2016
Athletic socks is the leading segment by product type and is projected to grow at 8.0% CAGR
in terms of revenue during the forecast period. The athletic socks and casual socks segment
collectively contributed more than 50% of the total revenue in 2016

Among end users of socks, the men segment is projected to register the highest value
and volume CAGR during the forecast period. Owing to an increasing global expenditure on
apparel and accessories, the kids segment is expected to exhibit significant CAGR

By base material, the cotton segment is expected to hold relatively high value share
throughout the forecast period and also register the highest value and volume CAGR

In terms of length, the quarter/anklets segment is anticipated to witness robust

expansion with a significant value CAGR over the forecast period. The liner segment is
expected to increase 1.7X in terms of revenue from 2017 to 2025, owing to an increasing
fashion trend among individuals

Among the various sales channels, multi brand outlets are expected to remain
dominant in terms of generating revenue over the forecast period. The online retailers
segment is anticipated to witness the highest segmental CAGR of 8.8% in terms of volume
and 9.2% in terms of value during 2017 – 2025.

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