Global Sports and Athletics Socks Market to Reach US$ 5.08 Billion by 2028- TechSci Research
Increasing health and fitness awareness, along with the growing demand for athleisure wear, are key drivers of the Global Sports and Athletics Socks Market from 2024 to 2028.
According to the TechSci
Research report “Global Sports
and Athletics Socks Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the market was valued at USD 5.08
Billion in 2022 and is projected to grow at a CAGR of 5.8% during the forecast
period. The market's growth is attributed to various factors, including
increasing health awareness, technological advancements, and changing consumer
preferences. Manufacturers in this dynamic and competitive market continuously
innovate to meet the diverse needs of consumers engaged in sports and fitness
activities.
One significant driver of the
Global Sports and Athletics Socks Market is the rising global awareness of
health and fitness. As people worldwide prioritize an active lifestyle, there
is a growing demand for specialized sportswear, including performance-oriented
socks. Consumers seek socks with features such as moisture management, arch
support, and targeted cushioning to enhance their athletic experience. This
trend reflects a broader cultural shift towards health and wellness,
contributing to the sustained growth of the sports and athletics socks market.
https://www.techsciresearch.com/report/sports-and-athletics-socks-market/23661.html
Technological advancements
drive innovation in materials and design, a crucial factor in the Sports and
Athletics Socks Market. Manufacturers invest in research to introduce features
like moisture-wicking tech and seamless designs. Compression socks, aimed at
enhancing circulation and reducing fatigue, gain traction, meeting the demand
for products that seamlessly integrate with active lifestyles.
The athleisure trend
significantly impacts the market, with consumers seeking stylish yet functional
sports socks for everyday wear. Manufacturers respond by creating products that
excel in both performance and aesthetics, aligning with changing consumer
expectations.
E-commerce plays a vital role
in shaping distribution and market growth, providing consumers with convenience
and access to a wide range of products. This digital shift enables
direct-to-consumer models, fostering closer connections between brands and customers,
driving future market expansion.
Despite positive drivers,
challenges persist, including intense competition, evolving preferences, supply
chain disruptions, and rising costs. Overcoming these hurdles demands strategic
planning, innovation, and a deep understanding of consumer dynamics.
The Global Sports and
Athletics Socks Market is segmented by product (running socks, compression
socks, etc.), material (cotton, synthetic fiber, etc.), and distribution
channel (offline, online). Regional segmentation includes North America,
Europe, Asia Pacific, Middle East & Africa, and South America.
Major companies operating in Global Sports and
Athletics Socks Market are:
- Adidas AG
- ASICS Corporation
- Drymax Technologies Inc.
- Hanesbrands Inc.
- Jockey Interntional Inc.
- New Balance Atheletics Inc.
- Nike Inc.
- PUMA SE
- Skechers USA Inc.
- Under Armour Inc
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"Innovative sock designs are a key trend expected to drive growth in the
Sports and Athletics Socks Market. Increased health awareness and the
popularity of athleisure wear will also contribute positively. The market
benefits from a wide product range catering to specific needs and the growing
online sales channel. These factors are propelling impressive growth throughout
the forecasted period," stated Mr. Karan Chechi, Research Director at
TechSci Research.
The report “Sports and
Athletics Socks Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast,” segmented by product and material, evaluates the market's
future growth potential. It provides valuable insights to aid investment
decisions by offering cutting-edge market intelligence. Additionally, the
report highlights emerging trends, key drivers, challenges, and opportunities
in the Global Sports and Athletics Socks Market.
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