What is Running Socks Market?
Running socks are the most used and preferred types in the athletic & sports socks market, owing to their multi-purpose usage. Rising interest in sports and growing awareness of the benefits of regular exercise are propelling the growth of the running socks market. Improved sports infrastructure in Europe, especially in the U.K, Germany, and France, offers a better platform for sports. Moreover, sport is a top priority in schools and colleges in these countries, and hence, they are equipped with better infrastructure as compared to other nations.
The market study is being classified by Type (Crew, Knee-High, Low Cut, No Show, Quarter Cut and Others) and major geographies with country level break-up.
Nike (United States), Adidas (Germany), Snews(United States), Asics (Japan), Reebok (United Kingdom), Brooks (United States), Mizuno (Japan), FALKE (Germany), New Balance(United States) and Balega (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Drymax Technologies (United States), Langsha (China) and Stance (United States).
Research Analyst at AMA predicts that European and United States Vendors will contribute to the maximum growth of Global Running Socks market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Running Socks market by Type, Application and Region.
On the basis of geography, the market of Running 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
- Growing Sports Activities among Consumers
- The rise in the Demand For Sports Shoes Is Likely To Increase The Demand For Running Socks
Market Trend
- Increasing Promotional Activities and Marketing Strategies
Restraints
- Fluctuated Price of the Raw Material
Opportunities
- Growing Popularity Of Waterproof Socks To Open New Opportunities for Growth
Challenges
- Increasing Number of Local Manufacturers
Market Leaders and some development strategies
In November 2019 Agreement Done Between Global Brands And Planet Socks Assets. Global Brands Company Agrees For Acquiring Planet Socks Under The Agreement Of Purchasing In Usd 33.6 Million.
In November 2019uk-Based Sports Brand Trusox Enters India, Begin performance-improving Socks. The Company Will Also Explore Tie-Ups With Sports Retail Stores.
Key Target Audience
Running Socks Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others