What is Ski Socks Market?
Skiing and Snowboarding require a sock that will insulate and keep the foot warm, wick sweat away from the foot to keep it dry, provide cushion to avoid abrasion but also not too thick so that the boot maintains fit, control and responsiveness. Ski socks are being considered as a style statement among youths, which can be seen on social media websites such as Instagram, Facebook, Twitter, and other social platforms. Increasing spending on health and fitness among adults is projected to prompt the demand for various shoe accessories such as sports socks and ankle socks during the workouts in gymnasiums and health clubs. These are available in various types such as low cut, ankle length, calf length, mid-calf length, peds, and others. The rapid development in online platforms and enhancement in distribution channels is driving huge growth in the market. These are available in various patterns, fabrics, and designs.
The market study is being classified by Type (Cotton socks, Nylon socks, Woolen sock and Others), by Application (Men, Women and Kids) and major geographies with country level break-up.
Hanes (United States), H & M (Sweden), Langshaw (China), Estrada & Costa (Portugal), Bridgedale (United Kingdom), Monnet (India), Nike (United Kingdom), TEKO (Germany), LE BENT Pty Ltd (Australia), Darn Tough Vermont (United States), Smartwool (United States) and Icebreaker (New Zealand) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Burckhardt Compression AG (Switzerland), Point6 (United States) and H.F. Lenz (United States).
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. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Ski Socks market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Ski Socks market by Type, Application and Region.
On the basis of geography, the market of Ski 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Number of E-Commerce
- Increasing Popularity of The Various Skiing
- Rising Demand for Specialised Socks
- Growing Awareness Regarding Health and Fitness Across Regions
Market Trend
- Increasing Promotional Activities and Marketing Strategies
- Growing Popularity of Waterproof Socks to Open New Opportunities of Growth
Restraints
- Availability Of Low-Quality Products in Cheaper Rates
- Fluctuations In the Raw Material Prices
Opportunities
- Emerging Ski Socks with New Fabrics
- Growing Demand from End-Users
Challenges
- The Increasing Number of Local Manufacturers
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Ski Socks, Government Regulatory and Research Organizations and End-Use Industries