The global socks market will reach $24.16 billion 2025, effectively expected to more than double from the 2018 market value of $11.7 billion in 2018. According to a comprehensive report Zion Market Research, “the major driver of the socks market is increasing demand for different shoes. For instance, increasing demand for sports shoes is likely to increase the demand for sports socks. The increasing demand for socks males is expected to boost the socks market over the forecast time period. It has been found that nearly half of the men wear socks while performing their day-to-day activities. In addition, around 50% of the global population uses socks every day. This can result in the growth of the men’s apparel industry over the estimated timeline.”
Get ‘Em While They’re Hot
The global report focused on the main socks categories: Athletic Socks, Specialty Socks, Trouser Socks, Casual Socks, and Multiple Toe Socks); and Material (Nylon, Cotton, Polyester, Wool, and Waterproof Breathable Membrane.
Not surprising, according to the report, the European socks market is anticipated to experience substantial growth in the future, owing to the increasing fashion trends and cold weather conditions. Europe holds the second-largest share of the socks market in the world. In addition, the European socks market was dominated the woolen socks segment and held more than half of volume and revenue shares in the global market in 2018. Europe is still steeped in tradition, and proper attire still exists in bars, cafes, and restaurants across the continent.
The Sock Frenzy
Generally, footwear is worn over socks. Socks serve casual, medical, business, and sports purposes. Socks are designed to prevent feet from severe temperatures or severe environmental conditions or for fashion purposes. However, socks can only deliver warmth and comfort if they are designed and measured correctly the designer.
Black Socks
One of the leading sock eTailers in the world and the original creator of the sock subscription model is BLACKSOCKS, which is headquartered in Zurich, Switzerland. BLACKSOCKS’ goal is to make the sock buying experience streamlined, hassle-free, and enjoyable, with an unfailing devotion to always delivering quality products with fine craftsmanship. BLACKSOCKS manufactures its socks in Milan, Italy at a family-owned sock producer. The products are quality tested, with quality materials consistently sourced to ensure long-lasting wear and comfort.
Additional sock growth markets the numbers include, according to the report:
- The Middle East and Africa are likely to show good growth in the global socks market in the future, owing to the high per capita disposable income and improved socio-economic conditions of the regional population.
- Latin American countries, such as Brazil, Chile, and Argentina, are expected to increase their socks and footwear product manufacturing over the forecast time period, owing to the high demand for sports socks and stockings.
- The North American socks market witnessed substantial growth in 2018 and accounted for around one-fourth of the global market share. This trend is expected to continue over the forecast time period as well, owing to the robust manufacturing of socks leading manufacturers.
So the next time you buy a new pair of socks, know that you will be contributing to a hot fashion sector.
