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2021
Multiple Toe Socks Market

Multiple Toe Socks Market by Product Type (Mid-Calf, Ankle Length, Knee Length, and Others), Material Type (Nylon, Cotton, Polyester, and Wool), End User (Men, Women, and Kids), and Distribution Channel (Wholesale, Supermarkets/Hypermarkets, Online, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A14364
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Jan 2022 | 64 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Toe socks (even known as finger socks, glove socks, 5-toe socks, or digital socks) are socks with each toe individually enclosed, similar to how fingers in a glove are encased. Toe socks are available in all sock lengths, from no-show to anklet and ankle socks, knee-high, and over-knee socks. They can also be ordered with rubberized bottoms.With the rise of retail outlets and department stores selling a wide choice of socks, including specialty socks, socks have mainly become a commercialized commodity item. One of the main factors of the socks market's evolution is the rapid rate of urbanization. As sales of sports footwear have increased, so has demand for socks with unique properties. Apart from fashion stores, novelty socks have gained popularity due to their increasing penetration in general apparel stores. Another significant trend encouraging fresh demand in the socks market is an increase in men's fashion awareness. Women all over the world have begun to evaluate their socks purchases based on fashion rather than price.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Segments Covered

  Technology, Application, End User, and Region

  Companies Covered

Drymax Technologies, Inc., Nike, Inc., Under Armour, Inc., Adidas AG, Hanesbrands Inc., Renfro Corporation,Balega, THORLO, Inc., Asics Corporation and Puma SE.

 

COVID-19 Impact Analysis

  • The globe is in the midst of a major crisis. The COVID-19 pandemic has wreaked havoc on worldwide communities, disrupted international supply systems, and sparked major stock market selloffs.This has disturbed the multiple toe socks market.
  • COVID-19 has a temporary impact on this market as only the production and supply chains are halted. Production, supply networks, and demand for these products will gradually improve as the situation improves. This will allow businesses to consider methods to increase output, conduct technological research, and improve present products.
  • Trade restrictions imposed by the governments of various nations, on the other hand, had an impact on the supply of raw materials to the clothing and textile industries. This resulted in price swings and unexpected shortages of raw materials and finished goods.
  • Because many preferred to stay at home rather than go to the store, online shopping became very popular among individuals who had never used it before. And, as a result of the shift in workstyles brought on by people being obliged to work from home, life via online channels has become the norm.

Top Impacting Factors

  • Increased expenditure on health and fitness is one of the critical elements that has a significant impact on the current business environment and is predicted to grow over the forecast period.
  • A significant element driving the expansion of the target market is the publication of many research articles on maintaining a healthy foot in light of the increasing occurrences of foot diseases in diabetes patients.
  • The expansion of the many toe socks market will be aided by the rising trend of sports shoes along with major brand endorsements by athletes.
  • In addition, rising concerns about the negative effects of foot ulcers, advancements in raw materials with features such as odder suppressant and water repellant, and a growing preference for lightweight, thin, and heat resistant socks in high altitude areas are all driving demand for multiple toe socks.
  • Furthermore, the continuously changing dynamics of the industry, as well as the growing number of traditional stores, retail shops, and e-commerce facilities, are raising a number of attractive prospects for the multiple toe socks market over the projection period.

Market Trends

New Product Launches to Flourish the Market

In the approaching years, the casual toe socks market will expand substantially. The ease with which these items can be incorporated into any outfit is predicted to remain a positive element for the business. Furthermore, due to their comfort and ease of availability through both offline and online channels, a big number of consumers utilize casual socks made of polyester and nylon.

Athletic many toe socks are a growing trend that is predicted to continue in the future. Athletes and gym professionals appreciate these goods because they can protect blisters and keep feet from sliding about in shoes. New product introductions in athletic socks by businesses such as Nike and Adidas are projected to be a key driving force in the coming years.

By far the most common material utilized by sock manufacturers is nylon. New hybrid materials have been gaining traction in the market in recent years. A good example is breathable socks made of hybrid material. Materials with strong antibacterial and antifungal properties are being sought by manufacturers. Kevlar stands out among the several novel hybrid materials being investigated by manufacturers.

In the Socks Market, Specialized Socks Emerge as a Segment with Incredible Avenues

A prominent development in the socks market is increasing consumer demand for new colors and patterns. The need for specialty socks has grown in response to a variety of needs, opening up new opportunities in the socks market. One example is the increased demand for socks that are suitable for outdoor activities and gym use. A major proportion of these customers are willing to pay a premium for specialized clothing.

Key Segments Covered

Product Type

  • Mid-Calf
  • Ankle Length
  • Knee Length
  • Others

Material Type

  • Nylon
  • Cotton
  • Polyester
  • Wool

End User

  • Men
  • Women
  • Kids

Distribution Channel

  • Wholesale
  • Supermarkets/Hypermarkets
  • Online
  • Others

Region

  • North America 
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the multiple toe socks industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the multiple toe socks market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the multiple toe socks market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed multiple toe socks market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Multiple Toe Socks Market Report

  • Which are the leading players active in the multiple toe socks market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is "Multiple Toe Socks" Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities of the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "Multiple Toe Socks" Market?
 
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