Industry Background:
Outdoor enthusiasts who enjoy running, cycling, and other forms of physical activity may benefit from active ankle socks, which provide support, comfort, and satisfaction when exercising. The primary benefits of active ankle socks are that they are long-lasting, of high quality, are inexpensive, and provide the wearer with the desired level of comfort while exercising. The active ankle socks are made to keep the wearer's feet cool and dry for as long as possible. The process of moisture management in the feet is facilitated by the characteristics found in the active ankle socks, which drain excess moisture from the feet to keep those wearing them more comfortable throughout the day. Individuals suffering from diabetes, arthritis, or sensitive feet can also benefit from active ankle socks. Active ankle socks are made to alleviate the pain of weary feet, provide warmth, and prevent bacteria from growing in the feet. Active ankle socks are favored by runners and other athletes who want to protect their feet since they contain compression technology. Furthermore, today's active ankle socks are attractively constructed, giving them a fashion statement air.This growth is primarily driven by Helps Withthe Discomfort Associated with Sore Feet
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | 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 |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Balega(United States), Nike Inc. (United States), Adidas A.G (Germany), Puma S.E. (Germany), ASICS (Japan), Converse (United States), Dickies (United States), Under Armour (United States), Saucony (United States) and New Balance (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2022, The collaboration between Adidas and Gucci combines elements of sports and luxury fashion. The collection blends the sporty and athletic aesthetics of Adidas with the high-end luxury and iconic design of Gucci. The collaboration may include footwear, apparel, and accessories that feature unique design elements, such as Gucci's signature patterns, logos, and detailing combined with Adidas' technical expertise and sportswear functionality. The collection aims to cater to individuals who appreciate both athletic performance and high-fashion style, providing a fusion of sports and luxury in a single offering.
November 2020 – Balega Launched Fall 2020 Limited Edition, Hidden Comfort Sock, to Benefit Lesedi ProjectThe companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Growing Awareness about Health and Fitness
Market Growth Drivers:
Helps Withthe Discomfort Associated with Sore Feet and Increase Demand by Sports Industry
Challenges:
Lack of Awareness and Several Players in the Market
Restraints:
Durability concerns due to rigorous use and washing.
Opportunities:
Growing Sales Through E-Commerce Channel and Rising Number of Diabetic Patients
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Active Ankle Socks Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Active Ankle Socks Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Active Ankle Socks players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Active Ankle Socks Study Sheds Light on
The Active Ankle Socks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Active Ankle Socks industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Active Ankle Socks industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.