Published Date : Mar 02, 2016
A sock is a clothing item that is worn on the feet so as to cover the ankle and some part of the calf. Socks are particularly worn to absorb perspiration of the foot. Nevertheless, in the recent years, socks, which came under the category of commodity products have been considered as a fashion and luxury product, thanks to its transformation from a necessity to fashion purpose and increasing new applications. The introduction of luxurious socks for different occasions, innovative design and style, and growing sports market are some of the factors that are expected to boost the demand for socks in the global market.
In the global market, socks are made available for men, women, and kids, based on the sizes and colors. Among these, the men’s segment is estimated to hold the largest share in the global socks market, owing to the extensive usage of socks for office as well as casual wear. The introduction of luxurious socks in men’s segment is projected to boost the demand for men’s socks in the global market in the next few years.
Socks are manufactured using different products depending on its application and preference of the customers. Some of the materials used for production of socks are wool, nylon, polyester, cotton, waterproof breathable membrane, and others. Among these, the demand for natural fibers including wool and cotton is expected to decline significantly in comparison with the demand for synthetic fibers such as polyester and nylon. On the basis of products, the global socks market can be divided into:
Furthermore, the rapid growth of the global socks market has encouraged the participation of small-scale as well as large-scale companies in the global market. These players are expected to take efforts in order to create a brand name and gain the competitive advantage of the market. Some of the prominent players operating in the global socks market are Renfro Corporation, Puma SE, V.K. Knitting Industries, RY International, Thai Socks Co., Ltd., Cole and Parker Co., Nike, Inc., Gainup Industries India, Adidas Group, and ASICS Corp.