South Africa Socks Market Size & Outlook, 2022-2030
South Africa socks market, 2017-2030 (US$M)
Related Markets
South Africa socks market highlights
- The South Africa socks market generated a revenue of USD 403.7 million in 2022 and is expected to reach USD 619.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 5.5% from 2023 to 2030.
- In terms of segment, casual was the largest revenue generating product in 2022.
- Athletic is the most lucrative product segment registering the fastest growth during the forecast period.
Socks market data book summary
| Market revenue in 2022 | USD 403.7 million |
| Market revenue in 2030 | USD 619.0 million |
| Growth rate | 5.5% (CAGR from 2022 to 2030) |
| Largest segment | Casual |
| Fastest growing segment | Athletic |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 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, South Africa accounted for 0.9% of the global socks market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa socks market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 619.0 million by 2030.
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Socks Market Scope
Socks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 49.72% in 2022. Horizon Databook has segmented the South Africa socks market based on casual, formal, athletic covering the revenue growth of each sub-segment from 2017 to 2030.
Diabetic patients require treatments for foot infections and ulcers and prefer to use diabetic socks under the recommendations of doctors to protect their feet. The rising diabetic population in South Africa has been accelerating the socks market growth over the last few years.
Manufacturers in the country have been focusing on various strategies like mergers and acquisitions and are expanding their product portfolios to gain traction. A significant market share is expected to boost the socks market growth over the forecast period.
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Target buyers of South Africa 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 country-level data and insights on the South Africa socks market , including forecasts for subscribers. This country databook contains high-level insights into South Africa socks market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa socks market size, by product, 2017-2030 (US$M)
South Africa Socks Market Outlook Share, 2022 & 2030 (US$M)
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