Asia Pacific Socks Market Size & Outlook, 2024-2030
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Asia Pacific socks market highlights
- The Asia Pacific socks market generated a revenue of USD 17,797.4 million in 2023.
- The market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, casual was the largest revenue generating product in 2023.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 17,797.4 million |
| Market revenue in 2030 | USD 29,682.9 million |
| Growth rate | 7.8% (CAGR from 2024 to 2030) |
| Largest segment | Casual |
| Fastest growing segment | Athletic |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Casual, Formal, Athletic |
| Key market players worldwide | Nike Inc Class B, Puma SE, Adidas AG, ASICS Corp, Skechers USA Inc Class A, Hanesbrands Inc, Under Armour Inc Class A, VF Corp, Jockey International, Drymax Socks |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.8% of the global socks market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 29,682.9 million by 2030.
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Socks Market Scope
Socks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Drymax Socks | View profile | 11-50 | Paso Robles, California, United States, North America | https://www.drymaxsports.com |
| Jockey International | View profile | 5001-10000 | Kenosha, Wisconsin, United States, North America | http://www.jockey.com |
| Hanesbrands Inc | View profile | 48000 | 1000 East Hanes Mill Road, Winston-Salem, NC, United States, 27105 | https://www.hanes.com |
| ASICS Corp | View profile | 10406 | 1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, Japan, 650-8555 | http://www.asics.co.jp |
| Puma SE | View profile | 21164 | Puma Way 1, Herzogenaurach, BY, Germany, 91074 | https://www.puma.com |
| Adidas AG | View profile | 59030 | Adi-Dassler-Strasse 1, Herzogenaurach, BY, Germany, 91074 | https://www.adidas-group.com |
| Skechers USA Inc Class A | View profile | 17900 | 228 Manhattan Beach Boulevard, Manhattan Beach, CA, United States, 90266 | https://www.skechers.com |
| Nike Inc Class B | View profile | 83700 | One Bowerman Drive, Beaverton, OR, United States, 97005-6453 | https://www.nike.com |
| VF Corp | View profile | 33000 | 1551 Wewatta Street, Denver, CO, United States, 80202 | https://www.vfc.com |
| Under Armour Inc Class A | View profile | 14800 | 1020 Hull Street, Baltimore, MD, United States, 21230 | https://www.underarmour.com |
Asia Pacific socks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to socks market will help companies and investors design strategic landscapes.
Casual was the largest segment with a revenue share of 65.35% in 2023. Horizon Databook has segmented the Asia Pacific socks market based on casual, formal, athletic covering the revenue growth of each sub-segment from 2017 to 2030.
Additionally, the increasing number of professional cricket leagues being introduced in India and Australia, including the Indian Premier League (IPL) and the Big Bash League (BBL), are projected to open new avenues for domestic players to expand their footprint in the socks market.
Plain knitting is a widely used method for sock manufacturing as it results in flatter and lighter products compared to other knitting types. The demand for light, comfortable, and fashionable plain-knit socks among consumers of all ages has been driving the growth of the market.
There is an increasing demand for cotton socks across Asia Pacific as they are made from natural fibers and provide warmth and comfort. Moreover, wearing cotton socks during exercise and outdoor activities has been shown to provide greater ventilation and result in lesser perspiration.
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Target buyers of Asia Pacific socks market databook
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Our clientele includes a mix of socks market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific socks market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific socks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific socks market size, by country, 2017-2030 (US$M)
Asia Pacific Socks Market Outlook Share, 2023 & 2030 (US$M)
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