MarketResearchReports.biz has announced the addition of a report, titled “Sport Socks Market – Global Industry Analysis and Forecast 2016 – 2026” to its offering. The comprehensive research study on the global sports socks market analyzes major drivers, restraints, competition analysis of the market, and prominent players functioning in this market across the globe. The socks market is earlier considered as the negligible section of the apparel industry, the introduction of application-specific and luxury socks has changed socks from a product to a style statement.
The manufacturers are mainly focused toward making some changes in the quality of the socks and also focused toward the change in fashion. This is one of the important factor transforming growth of this market at global level. It is advised that not to wear sports or training shoes barefoot as it may leads to feet inflections. This is the key reason why sports socks are directly linked to sports shoes market or athletics wear market. In addition, sports socks holds significant share in the overall sports socks market across the globe. The reasonable price of the sports socks market is another factor influencing growth of this market in near future. The increasing participation in sports activities like gym on regular basis, marathon and other sports related activities is directly contributing to the growth of this market.
Around 70% of the men population wear socks on regular basis, this can be one of the important factor largely propelling growth of the global sports socks market. Moreover, the emergence of other man made materials like nylon and polyester socks are giving tough competition to cotton material socks which is largely used in production of sports socks. This can be other factor boosting demand for the sports socks market in near future. Increasing retail outlets in countries like India, Singapore, China, and Malaysia, this can be key factor positively supporting growth of the global market for sports socks.
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Geographically, the global market for sports socks market can be categorized into North America, Asia Pacific, and Rest of the world (RoW). Among all these segment, Asia Pacific Likely to remain dominant market for sports socks across the globe. In addition, increase in population in Asia Pacific and rising disposable income of the people are the main reason behind growth of this market. Also, North America expected to register significant growth on account of increasing multinational brand outlet in the region.
The study also highlights the major players functioning in the global sports socks market. Some of the key players includes Adidas, Nike, Puma, Converse, Thai Socks Corporation, and ASICS.