According to the report, The Rise in Availability on E-Commerce Platform is one of the primary growth factors for the market. Increasing Popularity of the various Sports
is also expected to contribute significantly to the Socks market. Overall, Athletic Socks
applications of Socks, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Socks Market identified that the demand is rising in many different parts of the world due to "Increasing Women Involvement in Sports Activity
". Furthermore, some recent industry insights like "Recently, In Aug 2020, Goldwin has announced to launch of its new socks made with Japanese paper fiber. Through this initiative, the company is aiming to strengthen its position in the market. and In February 2014, FootJoy launched a new FJ Tour Compression Golf Sock. It provides comfort and consistency by emphasizing areas of the foot that is used throughout the golf swing and walking around the course." is constantly making the industry dynamic. One of the challenges that industry facing is "Intense Competition among Competitors"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Socks market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Socks market and other related sub-markets covered in the study.
o Key & emerging players in the Socks market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Socks market size is calculated using market estimation process, the Socks market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Socks market size has been validated using both top-down and bottom-up approaches.