The athletic socks market had an estimated market share worth USD 6.8 billion in 2023, and it is predicted to reach a global market valuation of USD 12.8 billion by 2034, growing at a CAGR of 5.8% from 2024 to 2034.
Demand Analysis of Athletic Socks
Report Attribute | Details |
---|---|
Estimated Market Value in 2023 | USD 6.8 billion |
Expected Market Value in 2024 | USD 7.3 billion |
Projected Forecast Value in 2034 | USD 12.8 billion |
Anticipated Growth Rate from 2024 to 2034 | 5.8% |
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The global demand for the athletic socks market was estimated to reach a valuation of USD 5.1 billion in 2019, according to a report from Future Market Insights. From 2019 to 2023, the athletic socks market witnessed significant growth, registering a CAGR of 7.5%.
Historical CAGR from 2019 to 2023 | 7.5% |
---|---|
Forecast CAGR from 2024 to 2034 | 5.8% |
The application of smart textile technology is one noteworthy development in the athletic socks market. These socks use conductive fibers or sensors to track temperature, moisture content, and pressure points, among other data.
Sports gear technology has advanced significantly as athletes can now access real time data to maximize performance, avoid injuries, and track their progress using wearable devices or smartphone apps.
Athleisure Fashion Trends to Boost Growth
The growing appeal of athleisure fashion trends is a key factor propelling the athletic socks market. The demand for fashionable and practical athletic socks is rising as more individuals include athleticism into their regular outfits.
Companies that take advantage of this trend may go after style conscious customers who value performance as much as appearance when choosing socks. In order to satisfy the changing demands of fashion forward consumers, this trend expands the market beyond traditional sports endeavors, growing the client base and encouraging innovation in design and materials.
Advancements in Manufacturing Technology to Encourage Market Growth
The market for athletic socks is undergoing a transformation owing to advances in manufacturing technology, including 3D knitting and seamless construction techniques. These developments make it possible to produce socks with tailored cushioning and exact ergonomic fits, greatly improving athletes' comfort and performance. The market is expanding as a result of these developments, satisfying the growing need for specialized and premium sports footwear.
Cost Fluctuations and Abnormalities in the Supply Chains to Impede the Market Growth
Few restraints of the market are:
This section focuses on providing detailed analysis of two particular market segments for athletic socks, the dominant product type and the significant material type. The two main segments discussed below are the running socks and cotton socks.
Product Type | Running Socks |
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CAGR from 2024 to 2034 | 5.6% |
The running socks segment is anticipated to garner a 5.6% CAGR through 2034. Running socks are positioned to gain traction in the global market because of their particular characteristics designed to meet the demands of runners. These socks improve comfort and performance during long distance runs with features including moisture wicking capabilities, specific cushioning, and blister prevention. Demand for premium running socks is predicted to soar as running gains popularity as a fitness and competitive activity throughout the globe and as people become more conscious of the value of wearing appropriate footwear.
Material Type | Cotton Socks |
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CAGR from 2024 to 2034 | 5.4% |
From 2024 to 2034, the cotton socks segment is likely to expand with a 5.4% CAGR through 2034. Cotton socks are predicted to gain momentum in the athletic socks market due to its natural characteristics, which customer value. Breathability, softness, and comfort are what make cotton perfect for both mild activity and daily wear.
Cotton socks are frequently thought to be less expensive than socks made of specialist synthetic materials. The global demand for cotton socks is anticipated to rise as customers place an increasing emphasis on comfort and affordability.
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This section will go into detail on the athletic socks markets in a few key countries, including the United States, the United Kingdom, China, Japan and South Korea. This segment will focus on the key factors that are driving up demand in these countries for athletic socks.
Countries | Forecast CAGR from 2024 to 2034 |
---|---|
The United States | 6.1% |
The United Kingdom | 7% |
China | 6.6% |
Japan | 7.4% |
South Korea | 8% |
The United States athletic socks ecosystem is anticipated to gain a CAGR of 6.1% through 2034. Factors that are bolstering the growth are:
The athletic socks market in the United Kingdom is expected to expand with a 7% CAGR through 2034. The factors pushing the growth are:
The athletic socks ecosystem in China is anticipated to develop with a 6.6% CAGR from 2024 to 2034. The drivers behind this growth are:
The athletic socks industry in Japan is anticipated to reach a 7.4% CAGR from 2024 to 2034. The drivers propelling growth forward are:
The athletic socks ecosystem in South Korea is likely to evolve with an 8% CAGR during the forecast period. The factors bolstering the growth are:
Negative trends are common, but a company must have an emergency plan in place to combat that. Some key strategies are:
Probable USPs for Companies
Leading companies in the global athletic socks market are emphasizing innovation, sustainability, and improved performance. They invest in new materials, like as moisture wicking textiles and ergonomic designs, to increase athletes' comfort and performance. In order to have a market presence, branding and marketing tactics are essential.
To attract environmentally sensitive customers, several businesses place a high priority on eco-friendly production techniques. Sports teams and sportsmen frequently work together, using their influence to boost sales. In order to maintain growth in the highly competitive market scenario, these businesses might access a wider client base by expanding into new markets and e commerce platforms.
The key players in this market include:
Significant advancements in the athletic socks market are being made by key market participants, and these include:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 5.8% from 2024 to 2034 |
Market value in 2024 | USD 7.3 billion |
Market value in 2034 | USD 12.8 billion |
Base Year for Estimation | 2023 |
Historical Data | 2019 to 2023 |
Forecast Period | 2024 to 2034 |
Quantitative Units | USD billion for value |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Product Type, Material Type, Sports Category, Gender, Distribution Channel, Region |
Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Nike Inc.; Adidas AG; Under Armour; PUMA SE; ASICS Corporation; New Balance Athletics; Reebok International Limited; Stance Inc.; Balega International; Swiftwick LLC |
Customization Scope | Available on Request |
The athletic socks market is expected to garner a 5.8% CAGR from 2024 to 2034.
By 2024, the global athletic socks market is likely to gain USD 7.3 billion.
By 2034, the athletic socks market valuation is likely to reach a sum of USD 12.8 billion.
The athletic socks industry in the United States is likely to garner a 6.1% CAGR during the forecast period.
The running socks will gain immense traction in the global athletic socks market, with an anticipated 5.6% CAGR through 2034.
The cotton socks will gain popularity in the global athletic socks market with a 5.4% CAGR through 2034.
Estimated Market Size (2023) | USD 29.09 million |
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Projected Market Size (2033) | USD 43 million |
CAGR from 2023 to 2033 | 4% |
Market CAGR (2023 to 2033) | 8.5% |
---|---|
Market Size (2023) | USD 371.0 million |
Market Size (2033) | USD 838.9 million |
Market Value (2022) | USD 1.7 Billion |
---|---|
Market Value (2032) | USD 4.7 Billion |
Market CAGR (2022 to 2032) | 10.6% |
Projected market value in 2022 | USD 18.13 Billion |
---|---|
Projected market value by 2032 | USD 30.25 Billion |
Global CAGR (2022 to 2032) | 5.9% |
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