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Sports and Athletics Socks Market Size - By Product (Running Socks, Compression Socks, Ankle Socks, Crew Socks, Knee-High Socks), By Material (Cotton Socks, Synthetic Fiber Socks, Wool Socks, Blended Socks), By Soprts Category, By Gender, By Distribution channel & Forecast, 2023 – 2032
Report ID: GMI6382
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Published Date: August 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2018
Companies covered: 15
Tables & Figures: 301
Countries covered: 21
Pages: 220
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Sports and Athletics Socks Market Size
Sports and athletics socks market size was valued at around USD 5.1 billion in 2022 and is estimated to reach USD 8.7 billion by 2032. The increasing interest in sports and fitness activities among people of all age groups is driving the demand for sports and athletics socks.
As more individuals engage in activities like running, cycling, hiking, and various sports, the need for specialized socks that provide comfort and performance support rises. The aforementioned factors are therefore expected to accelerate market expansion in the upcoming years.
The athleisure trend, which involves wearing activewear for both athletic and casual purposes, has significantly boosted the demand for sports and athletics socks. Consumers seek comfortable and stylish socks that complement their active lifestyles. Endorsements and preferences of professional athletes have a significant impact on consumer behavior.
Consumers in the sports and athletics socks market are often price-sensitive, particularly when there are multiple options available. Manufacturers must strike a balance between offering quality products and competitive pricing. The market is highly competitive, with numerous brands and manufacturers vying for consumer attention. Consumer preferences and fashion trends can change rapidly, making it crucial for brands to keep up with the latest styles and designs. Thus, the high-end pricing and risks associated with Sports and athletics socks may drive down the acceptance rate, further hampering the business progress.
COVID-19 Impact
With economic uncertainties and lockdown measures in place, consumer spending on non-essential items, including sports apparel, decreased. This led to a decline in demand for sports and athletics socks during the initial phases of the pandemic. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the market growth.
Sports and Athletics Socks Market Trends
The athleisure trend continued to gain popularity, with consumers seeking comfortable and functional sports socks that can be worn both during athletic activities and as casual wear. Socks with stylish designs and vibrant colors were in demand to complement activewear and everyday outfits. Increasing consumer awareness of environmental issues drove the demand for sports and athletics socks made from eco-friendly and sustainable materials. Brands introduced socks made from organic cotton, recycled fibers, and biodegradable materials to cater to environmentally conscious consumers. Thus, the growing prevalence is expected to expedite the market expansion.
Sports and Athletics Socks Market Analysis
Based on product, the sports and athletics socks market is segmented as running socks, compression socks, ankle socks, crew socks, knee-high socks. Running socks held a majority market value of USD 1.7 billion in 2022. Running socks with extra cushioning in the heel and forefoot areas provide comfort and impact absorption during high-impact activities, driving demand among runners. Moisture-wicking and quick-drying properties are essential features that keep feet dry and prevent blisters during long-distance runs. Moreover, an increasing usage will further accelerate the segment trends.
Based on material type, the sports and athletics socks market is segmented as cotton socks, synthetic fiber socks, wool socks, blended socks. Cotton socks held a dominant market share of around 40% in 2022 and is expected to grow at a lucrative pace by 2032. Organic cotton socks provide breathability and comfort, making them appealing to consumers seeking natural fibers for sports and athletics activities. Organic cotton is grown without harmful chemicals, making these socks desirable among those prioritizing sustainable and eco-friendly products.
Based on sports category the sports and athletics socks market is segmented as running and jogging, fitness and training, basketball, soccer/football, tennis, golf, cycling, hiking, other sports. Running and jogging held a dominant market share in 2022 and is anticipated to grow at 4.9% CAGR by 2032. Runners and joggers look for socks with extra cushioning in the heel and forefoot areas to absorb impact and reduce the risk of injuries.
Based on gender category the sports and athletics socks market is segmented as men’s, women’s, unisex. Men’s held a dominant market share in 2022 and is anticipated to grow by 2032. Men often prioritize socks with performance-enhancing features, such as cushioning, arch support, and moisture-wicking properties, to enhance their athletic performance and comfort during sports activities.
Based on distribution channel the sports and athletics socks market is segmented as online retailers, specialty sports stores, department stores, sports apparel outlets, others. Online retailers held a dominant market share in 2022 and is anticipated to grow by 2032. E-commerce platforms provide sports and athletics sock manufacturers with a global reach, allowing them to target consumers beyond geographical boundaries.
U.S. dominated the North American region with majority sports and athletics socks market share and a revenue of USD 1.2 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. North America has seen a significant emphasis on fitness and active lifestyles, with more people participating in sports, running, hiking, and other physical activities. This growing interest in sports and fitness activities has increased the demand for sports and athletics socks. Thus, the above-mentioned variables would augment the Sports and athletics socks business growth in the North America positively.
Sports and Athletics Socks Market Share
Some of the major market players operating in the Sports and athletics socks market are:
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Sports and Athletics Socks Industry News:
Sports and athletics socks market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:
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Market, By Product Type
Market, By Material Type
Market, By Sports Category
Market, By Gender
Market, By Distribution Channel
The above information is provided for the following regions and countries: