Global Socks Market

Transparency Market Research

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Global Socks Market Poised to Reach

US$11.6 bn by 2023, Luxury Socks to

Witness High Demand

USD 4315.5

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REPORT DESCRIPTION

According to a new market report published by Transparency Market Research “ Socks Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” the global socks market was valued at

US$5.6 bn in 2014, at a CAGR of 8.5% from 2015 to 2021 to account for US$11.6 bn by 2023.

Socks account for a small, but significant part of the apparel market and one’s dresser. Socks are consumer

products. However, the global socks market is expected to experience exponential growth due to rising demand for

high-end and luxurious socks.

The robust boom in the socks market has led to the entry of large and small scale companies. The socks market has

recorded higher growth rate as compared to the overall apparel market in the past few years, driven by the

changing fashion trends and rising per capita expenditure on socks.

Based on product type, the global socks market has been segmented into specialty socks, athletic socks, trouser

socks, women’s socks, knee-high knitted socks, and others. Demand for various socks types is driven by demand for

different footwear. For instance, high demand for athletic shoes is expected to boost demand for athletic socks.

Specialty socks were the largest product segment, driven by their diversified use.

The socks market is booming as compared to the apparel market. Although a commodity item, socks have upgraded

into fashion...