Women’s Socks Industry Overview
The global women’s socks market size was valued at USD 17.0 billion in 2021 and is expected to expand at a CAGR of 4.8% from 2022 to 2028.
Socks protect feet from germs and blisters, keep feet warm by controlling temperature and moisture, and reduce stress on feet which in turn will drive industry demand. Additionally, rising per capita income and purchasing power, and changing fashion trends across the globe are contributing to the growth of this market. Apparel manufacturers are implementing automatic machines to surge production and at the same time decrease the price related to it. At the time of the COVID-19 pandemic, governments of several countries restricted or people preferred to stay at home as a safety measure. The manufacturers were unable to supply products owing to the restricted production as well as disturbed supply chains. Due to this, the market experienced a shortfall in the sales of women’s socks. Considering this short limp in market revenue, it is anticipated that the market will soon observe a healthy development during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Women’s Socks Market
Socks are commodity products. However, in the last few years, with the arrival of luxury and for particular applications, socks have changed from commodity products to fashion products. Due to the change of this traditional item into a standard/luxury product, the development of the women’s socks market outperforms the total development of the apparel sector. The development of the market is mainly credited to the fast expansion of the retail network in emerging economies such as China, Brazil, and India. The rising population along with disposable income in these countries is likely to further drive the retail industry, which in turn is swelling the demand for women’s socks.
The women’s socks are a part of clothing utilized to protect the ankle and a part of the leg. Women’s socks are manufactured from different types of fabrics that include cotton, polyester, rubber, and nylon. Considering comfort and styles, the products are accessible in various lengths, colors, patterns, as well as designs. There are numerous benefits to wearing socks, such as keeping the feet relaxed and free from foot problems. Moreover, women’s fuzzy socks are a famous choice for lots of women globally who want to stay stylish and protect their feet.
In the last couple of years, the demand for women’s socks augmented due to their attractiveness as well as the acceptance of clever business casuals to express professionalism in corporate workplaces. Furthermore, the growing penetration of smartphone users and the acceptance of lavish fashion brands, e-commerce, and social media websites in emerging and advanced countries is likely to increase demand for women’s socks over the forecast period. This factor has enforced numerous women’s socks manufacturers to introduce their product alternatives at discounted rates.
Growing demand for women’s socks as an important workwear accessory amongst women is anticipated to drive the target market’s development. Numerous manufacturers also permit different value-added services, such as cash-on-delivery services and discounts on payment options that further increase online shopping activities. Well-developed companies are taking a hard look at their marketing strategy and performing them in association with sports clubs, celebrities, and other influencers.
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Key Companies Profile
Some of the prominent players in the global women’s socks market include:
- Nike, Inc.
- Adidas AG
- H&M Hennes & Mauritz AB
- Guccio Gucci S.p.A.
- Puma SE
- Burberry Group Plc
- Giorgio Armani S.p.A.
- Dolce & Gabbana S.r.l.
- Gianni Versace S.r.l.
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