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Global Sports and Athletic Socks Market Size, Share and Industry Analysis by Regions, Countries, Types, and Applications, Forecast to 2028
SKU ID : Maia-23952215 | Publishing Date : 06-Jun-2023
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The global Sports and Athletic Socks market size was valued at USD XX Million in 2022 and will reach USD XX Million in 2028, with a CAGR of XX% during 2022-2028.
Sports and athletic socks are a type of sock for sports lovers, sports socks are comfortable to wear and can help maintain the moisture absorption needed to stay healthy, as well as the support needed to stay comfortable throughout exercise.
Influence of COVID-19 Outbreak on Sports and Athletic Socks Industry Development
Brazil is one of the countries at the center of the COVID-19 outbreak. The federal and state governments have taken a piecemeal approach to containment. The minimal efforts of the federal government have conflicted with the quarantine and business closure measures implemented by the state governments. While these measures are necessary for public health, they have significantly disrupted the productivity of the supply chain, largely due to reduced staff capacity. The impact of the epidemic has also hampered logistics operations between Brazil and neighboring countries. While there are no regulatory barriers to transporting goods by land, sea and air, the current mismanagement of the crisis has jeopardized the productivity of Brazilian logistics operators working in the region. Regional pressures may encourage the country to step up its response in the form of a total blockade of commercial activities.
The textile industry is one of the hardest-hit sectors in Brazil, and its output almost stagnated in April. A number of major industrial companies have closed plants and are considering the scope for layoffs to help contain the spread of the virus, as well as for economic reasons. It is clear that the manufacturing sector will be hit hard during this outbreak for two main reasons: first, many manufacturing jobs are performed on site and cannot be done remotely. Second, the slowdown in economic activity has already reduced demand for consumer products in Brazil.
However, during the pandemic, sporting activities became increasingly popular and contributed to the growth of sales in the sector. Cycling, for example, has gained popularity in Brazil for a long time, unlike football, basketball, etc., which has a congregational character, and the maintenance of social distance has laid a good foundation for cycling.
Multichannel retailers will help the sports and athletic socks industry to recover from the outbreak. In the U.S., for example, the sports industry has already seen growth in September. But as orders recover, sports and athletic socks suppliers may face new cost pressures. High-pressure tactics employed by retailers during cost negotiations not only impact the profitability of suppliers, but also threaten their social and environmental sustainability.
Maintaining the health of consumers and employees is a top priority for businesses and governments alike. For manufacturers in hard-hit regions, prolonged plant closures (full or partial) may be necessary. For companies vulnerable to virus outbreaks, this is a critical time to explore the proactive deployment of automation technologies (e.g., collaborative robots, autonomous material movement, industrial IoT) to reduce employee density throughout operations.
Market Drivers of Sports and Athletic Socks
Due to its temperate conditions all year round, Brazil has established a significant sporting culture. Not only are sports widely played and popular amongst vast majorities of the population, but they are also varied in nature. The national sports participation rate is also high. The most popular sport in Brazil is football. In addition to football, volleyball, mixed martial arts, basketball and car racing are also popular in Brazil. Take football, for example. Due to its peak level of adoration and popularity in the country soccer academies are created countrywide by the government and by individuals. More than 10,000 people in Brazil or from Brazil play professionally throughout the globe. Soccer is known to be the main component imbibed into the Brazilian culture; it is played everywhere and by the majority as it is the finest recess game of young children and teens. The more people who participate in sports, the more people need sports and athletic socks.
The following foot pathologies can be directly affected by the type of socks worn by the athlete: Toenails: subungual hematoma, onychomycosis, onychogryphosis; Integument: friction blisters, hyperkeratoses, heloma dura/molle; Infections: dermatophyte, yeast, bacteria, viral (verruca); Mechanical or Shear Induced Injury of Subcutaneous tissue: capsulitis, bursitis, calcaneal fat pad atrophy; Mechanical or Shear Injury Against Bone Prominence: retrocalcaneal exostosis, sesamoiditis, hallux valgus, tailor's bunion, accessory navicular, tibial crest periostitis, medial and lateral malleolar contusion. Wearing the right athletic socks can go a long way in helping to solve these problems. They also provide good cushioning as well as help keep feet cool.
Brazil is rich in the main raw materials for the production of sports and athletic socks. Brazil is globally recognized for its large exports of soy, corn and cotton. Brazil is geographically huge and diverse, allow the region to produce an impressive variety of natural yarns, fabrics and materials as well as having an emerging retail and fashion market. The textile industry is a vital economic activity for the development of several sectors in Brazil. Brazil is also a great producer of fabrics, with textile poles of enormous dimensions in the most varied corners of the national territory, such as Fortaleza, in the state of Ceara, Americana, in Sao Paulo, and the Itajai Valley, in the state of Santa Catarina. Brazil is now the 4th largest exporter of cotton. High demand has allowed Brazil to grow slowly and steadily in this area. Additionally, because Brazil doesn't have the changing seasons of the United States, it still can supply cotton during the off season when the United States cannot.
Besides, Brazil has relatively low labor costs. The Brazilian workforce is far from being among the most expensive in the world, because in fact, in terms of comparing its cost with the rest of the world's, we must look at the combination "compensation +employment costs". Since the salaries in Brazil are generally low, by comparing the combined cost, it can be found that the gap between Brazil and North America, for example. Sports and athletic socks is a labor-intensive industry, and moving business activities, IT automation, logistical automation are the solutions if manufacturers want to further reduce labor costs.
Company Overview:
NIKE, Inc. is one of the major players operating in the Sports and Athletic Socks market, holding a share of 12.75% in 2020.
NIKE is the world's leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Operating segments for the Nike brand are: North America, Europe, Middle East and Africa, Greater China, Asia Pacific and Latin America.
Adidas manufactures sports shoes and sports equipment. The Company produces products that include footwear, sports apparel, and golf clubs and balls.
Segmentation Overview:
Among different product types, Running Socks segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Men segment occupied the biggest share from 2021to 2027.
The Sports and Athletic Socks market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Sports and Athletic Socks market covered in Chapter 4:
Skechers U.S.A., Inc.
NIKE, Inc.
Adidas AG
V.F. Corporation
Jockey International Inc.
New Balance, Inc.
PUMA SE
ASICS Corporation
Hanesbrands Inc.
Under Armour, Inc.
THORLO, Inc.
Wolverine World Wide, Inc.
In Chapter 12 and Chapter 14.1, on the basis of types, the Sports and Athletic Socks market from 2018 to 2028 is primarily split into:
Running Socks
Soccer Socks
Tennis Socks
Basketball Socks
Volleyball Socks
Cycling Sport Socks
Others
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Sports and Athletic Socks market from 2018 to 2028 covers:
Men
Women
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Sports and Athletic Socks market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Sports and Athletic Socks market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Sports and Athletic Socks industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Sports and Athletic Socks industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Sports and Athletic Socks market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Sports and Athletic Socks market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Sports and Athletic Socks market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Sports and Athletic Socks market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
Sports and athletic socks are a type of sock for sports lovers, sports socks are comfortable to wear and can help maintain the moisture absorption needed to stay healthy, as well as the support needed to stay comfortable throughout exercise.
Influence of COVID-19 Outbreak on Sports and Athletic Socks Industry Development
Brazil is one of the countries at the center of the COVID-19 outbreak. The federal and state governments have taken a piecemeal approach to containment. The minimal efforts of the federal government have conflicted with the quarantine and business closure measures implemented by the state governments. While these measures are necessary for public health, they have significantly disrupted the productivity of the supply chain, largely due to reduced staff capacity. The impact of the epidemic has also hampered logistics operations between Brazil and neighboring countries. While there are no regulatory barriers to transporting goods by land, sea and air, the current mismanagement of the crisis has jeopardized the productivity of Brazilian logistics operators working in the region. Regional pressures may encourage the country to step up its response in the form of a total blockade of commercial activities.
The textile industry is one of the hardest-hit sectors in Brazil, and its output almost stagnated in April. A number of major industrial companies have closed plants and are considering the scope for layoffs to help contain the spread of the virus, as well as for economic reasons. It is clear that the manufacturing sector will be hit hard during this outbreak for two main reasons: first, many manufacturing jobs are performed on site and cannot be done remotely. Second, the slowdown in economic activity has already reduced demand for consumer products in Brazil.
However, during the pandemic, sporting activities became increasingly popular and contributed to the growth of sales in the sector. Cycling, for example, has gained popularity in Brazil for a long time, unlike football, basketball, etc., which has a congregational character, and the maintenance of social distance has laid a good foundation for cycling.
Multichannel retailers will help the sports and athletic socks industry to recover from the outbreak. In the U.S., for example, the sports industry has already seen growth in September. But as orders recover, sports and athletic socks suppliers may face new cost pressures. High-pressure tactics employed by retailers during cost negotiations not only impact the profitability of suppliers, but also threaten their social and environmental sustainability.
Maintaining the health of consumers and employees is a top priority for businesses and governments alike. For manufacturers in hard-hit regions, prolonged plant closures (full or partial) may be necessary. For companies vulnerable to virus outbreaks, this is a critical time to explore the proactive deployment of automation technologies (e.g., collaborative robots, autonomous material movement, industrial IoT) to reduce employee density throughout operations.
Market Drivers of Sports and Athletic Socks
Due to its temperate conditions all year round, Brazil has established a significant sporting culture. Not only are sports widely played and popular amongst vast majorities of the population, but they are also varied in nature. The national sports participation rate is also high. The most popular sport in Brazil is football. In addition to football, volleyball, mixed martial arts, basketball and car racing are also popular in Brazil. Take football, for example. Due to its peak level of adoration and popularity in the country soccer academies are created countrywide by the government and by individuals. More than 10,000 people in Brazil or from Brazil play professionally throughout the globe. Soccer is known to be the main component imbibed into the Brazilian culture; it is played everywhere and by the majority as it is the finest recess game of young children and teens. The more people who participate in sports, the more people need sports and athletic socks.
The following foot pathologies can be directly affected by the type of socks worn by the athlete: Toenails: subungual hematoma, onychomycosis, onychogryphosis; Integument: friction blisters, hyperkeratoses, heloma dura/molle; Infections: dermatophyte, yeast, bacteria, viral (verruca); Mechanical or Shear Induced Injury of Subcutaneous tissue: capsulitis, bursitis, calcaneal fat pad atrophy; Mechanical or Shear Injury Against Bone Prominence: retrocalcaneal exostosis, sesamoiditis, hallux valgus, tailor's bunion, accessory navicular, tibial crest periostitis, medial and lateral malleolar contusion. Wearing the right athletic socks can go a long way in helping to solve these problems. They also provide good cushioning as well as help keep feet cool.
Brazil is rich in the main raw materials for the production of sports and athletic socks. Brazil is globally recognized for its large exports of soy, corn and cotton. Brazil is geographically huge and diverse, allow the region to produce an impressive variety of natural yarns, fabrics and materials as well as having an emerging retail and fashion market. The textile industry is a vital economic activity for the development of several sectors in Brazil. Brazil is also a great producer of fabrics, with textile poles of enormous dimensions in the most varied corners of the national territory, such as Fortaleza, in the state of Ceara, Americana, in Sao Paulo, and the Itajai Valley, in the state of Santa Catarina. Brazil is now the 4th largest exporter of cotton. High demand has allowed Brazil to grow slowly and steadily in this area. Additionally, because Brazil doesn't have the changing seasons of the United States, it still can supply cotton during the off season when the United States cannot.
Besides, Brazil has relatively low labor costs. The Brazilian workforce is far from being among the most expensive in the world, because in fact, in terms of comparing its cost with the rest of the world's, we must look at the combination "compensation +employment costs". Since the salaries in Brazil are generally low, by comparing the combined cost, it can be found that the gap between Brazil and North America, for example. Sports and athletic socks is a labor-intensive industry, and moving business activities, IT automation, logistical automation are the solutions if manufacturers want to further reduce labor costs.
Company Overview:
NIKE, Inc. is one of the major players operating in the Sports and Athletic Socks market, holding a share of 12.75% in 2020.
NIKE is the world's leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories for a wide variety of sports and fitness activities. Operating segments for the Nike brand are: North America, Europe, Middle East and Africa, Greater China, Asia Pacific and Latin America.
Adidas manufactures sports shoes and sports equipment. The Company produces products that include footwear, sports apparel, and golf clubs and balls.
Segmentation Overview:
Among different product types, Running Socks segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Men segment occupied the biggest share from 2021to 2027.
The Sports and Athletic Socks market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Sports and Athletic Socks market covered in Chapter 4:
Skechers U.S.A., Inc.
NIKE, Inc.
Adidas AG
V.F. Corporation
Jockey International Inc.
New Balance, Inc.
PUMA SE
ASICS Corporation
Hanesbrands Inc.
Under Armour, Inc.
THORLO, Inc.
Wolverine World Wide, Inc.
In Chapter 12 and Chapter 14.1, on the basis of types, the Sports and Athletic Socks market from 2018 to 2028 is primarily split into:
Running Socks
Soccer Socks
Tennis Socks
Basketball Socks
Volleyball Socks
Cycling Sport Socks
Others
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Sports and Athletic Socks market from 2018 to 2028 covers:
Men
Women
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Sports and Athletic Socks market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Sports and Athletic Socks market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Sports and Athletic Socks industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Sports and Athletic Socks industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Sports and Athletic Socks market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Sports and Athletic Socks market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Sports and Athletic Socks market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Sports and Athletic Socks market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
