About Woolen Socks
Woolen socks are the sock made from the wool, a textile fiber obtained from sheep and other animals. These socks are manufactured with the effective use of advanced fabrication technology and finest-grade wool. The woolen socks come in various types, sizes and designs. The factors such as Increased Disposable Income of the People in Developing Countries such as India, Increased Number of Online Customers and Robust Increase in the Distribution Channels are driving the global woolen socks market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Woolen Socks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kamal Hosiery Industries (India), V. P. Oswal Hosiery Factory (India), SK IMPEX (India), V. V. HOSIERY (India), Jainson Hosiery Industries (India), Jain Hosiery Factory (India), Nike Inc. (United States), Puma S.E. (Germany), Adidas A.G. (Germany), Asics Corporation (Japan) and Renfro Corporation are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Drymax Technologies Inc. (United States), Under Armour, Inc. (United States), THORLO, Inc. (United States), Hanesbrands Inc. (United States) and Balega (United States).
Segmentation Overview
AMA Research has segmented the market of Global Woolen Socks market by Type (Ankle Socks, No-Show Socks, Crew Length Socks, Knee-High Socks, Mid-calf Length Socks and Others) and Region.
On the basis of geography, the market of Woolen Socks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-users, the sub-segment i.e. Men will boost the Woolen Socks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online Channels will boost the Woolen Socks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Small will boost the Woolen Socks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Spending on the Health and Fitness and Increased Penetration of the Internet
Market Growth Drivers:
Increased Disposable Income of the People in Developing Countries such as India, Increased Number of Online Customers and Robust Increase in the Distribution Channels
Challenges:
Increased Competition from the Local Manufacturers
Restraints:
Availability of Low-Quality Products in Cheaper Rates and Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from End-users and Growth in the E-commerce Industry
Market Leaders and their expansionary development strategies
In October 2023, DeFeet, the world’s first manufacturer dedicated to crafting sustainable, pro-level performance socks, has launched the country’s first-ever Merino wool versions of its Woolie Boolie™ and Wooleator™ Pro socks with the Responsible Wool Standard (RWS) logo on the packaging.
In April 2023, Smartwool, a manufacturer of Merino wool apparel for active living, has launched of its first circular sock the Second Cut™ Hike Sock. This sock delivers the same iconic comfort and performance of the brand's Original Classic Hike Sock, but is made with repurposed yarn from Smartwool's Second Cut™ sock takeback program that launched in 2021. The Second Cut™ sock highlights Smartwool's shift toward a circular business model, which involves collecting and repurposing materials for deconstruction and reuse.
Key Target Audience
Woolen Socks Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.