Global Hiker Socks Market Overview:
Hiking Socks are specifically designed to provide additional cushion to the front and the heel of the foot. This extra cushion also has a happy side-effect - it makes the socks more durable and comfortable too. They are important as they cushion your feet to make your hike more enjoyable and comfortable, wick moisture away from your feet to help prevent blisters and keep your feet dry and keep your feet warm when hiking in winter or adverse weather. Wearing good quality socks while hiking will make hiking a much better experience and are an important piece of gear that should be invested in. Hiking socks have evolved a lot in the past few years. Wool and synthetic cushioning and moisture-wicking fibers are used around the foot to help keep the foot dry and warm.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rise In The Disposable Income and Increased Penetration of the Internet
Market Growth Drivers:
A Rise in the Outdoor Recreation and Physical Activities, Increased Number of Online Customers and Increasing Health Consciousness and Shifting Fashion Trends
Challenges:
Presence of Counterfeit Products
Restraints:
Fluctuating Price of Raw Material
Opportunities:
The Multi-Purpose Use of the Hiker Socks and Growth in the E-commerce Industry
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Adidas Group (Germany), Nike, Inc. (United States), Puma SE (Germany), VF Corporation (United States), Darn Tough (United States), Farm to Feet (United States), Patagonia, Inc (United States), Icebreaker (New Zealand), Wrightsock (United States), Elicit Brands, LLC (United States), Implus LLC (United States) and Jockey (United States). Additionally, following companies can also be profiled that are part of our coverage like Injinji, Inc (United States) and ToeSox, Inc (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Hiker Socks market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Hiker Socks market. Considering Market by Materials, the sub-segment i.e. Polyester will boost the Hiker Socks market.
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.
What Can be Explored with the Hiker Socks Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hiker Socks Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hiker Socks
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hiker Socks market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hiker Socks market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Hiker Socks, Suppliers and Distributors of Hiker Socks, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.