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Sports and Athletics Socks Market Size

Report ID: GMI6382
Published Date: Aug 2023
Report Format: PDF

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Sports and Athletics Socks Market Size

Sports and athletics socks market size was valued at around USD 5.1 billion in 2022 and is estimated to reach USD 8.7 billion by 2032. The increasing interest in sports and fitness activities among people of all age groups is driving the demand for sports and athletics socks.

sports and athletics socks market

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As more individuals engage in activities like running, cycling, hiking, and various sports, the need for specialized socks that provide comfort and performance support rises. The aforementioned factors are therefore expected to accelerate market expansion in the upcoming years.

The athleisure trend, which involves wearing activewear for both athletic and casual purposes, has significantly boosted the demand for sports and athletics socks. Consumers seek comfortable and stylish socks that complement their active lifestyles. Endorsements and preferences of professional athletes have a significant impact on consumer behavior.

Sports and Athletics Socks Market Report Attributes
Report Attribute	Details
Base Year:	2018
Sports and Athletics Socks Market Size in 2018:	USD 5.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 8.7 Billion
Historical Data for:	2022
No. of Pages:	220
Tables, Charts & Figures:	301
Segments covered:	Product, Material, Soprts Category, Gender, Distribution channel, Region
Growth Drivers:	Increasing sports activities Rising Athleisure Trend Growing population
Pitfalls & Challenges:	Price sensitivity of customers Highly competitive market Changing consumer preferences

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Consumers in the sports and athletics socks market are often price-sensitive, particularly when there are multiple options available. Manufacturers must strike a balance between offering quality products and competitive pricing. The market is highly competitive, with numerous brands and manufacturers vying for consumer attention. Consumer preferences and fashion trends can change rapidly, making it crucial for brands to keep up with the latest styles and designs. Thus, the high-end pricing and risks associated with Sports and athletics socks may drive down the acceptance rate, further hampering the business progress.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Sports and athletics socks industry size was around USD 5.1 billion in 2022 and will reach USD 8.7 billion by the end of 2032.

Running and jogging segment will record more than 4.9% CAGR from 2023 to 2032 as runners and joggers look for socks with extra cushioning in the heel and forefoot areas to absorb impact and reduce the risk of injuries.

U.S. sports and athletics socks market size was around USD 1.2 billion in 2022 and will expand at a significant pace from 2023-2032 owing to the rising emphasis on fitness and active lifestyles, with more people participating in sports, running, hiking, and other physical activities.

Nike, Inc., adidas AG, Under Armour, Inc., PUMA SE, ASICS Corporation, New Balance Athletics, Inc., Reebok International Limited, Stance Inc., Balega International, Swiftwick LLC, Feetures, LLC, Thorlos, Inc., SockGuy, Inc., Darn Tough Vermont, Wigwam Mills Inc. among others.