The global socks market is expected to expand rapidly at 6.7% CAGR and reach a valuation of US$ 92.7 Bn by the end of 2032, as per detailed industry analysis by Persistence Market Research.

 

Leading market players are framing new strategies to launch their products in various regions. The strategies are framed considering the current market scenario with an aim to achieve a competitive advantage in the market. Market-leading companies and key competitors are working on their marketing strategies and executing in conjunction with sports celebrities, at sports events, other celebrities, and social media influencers.

 

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A persistent trend in this sector will be the development of new strategic alliances with key sales channels and suppliers to gain a significant market presence. Manufacturers have partnered with online sales channels and are providing discounts and value-added services such as cash on delivery.

 

 

Product launches by socks manufacturers aim at improved product features and quality. This will contribute to the overall growth of the socks market, says an analyst at Persistence Market Research.

 

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Key Market Players

 

The report highlights internationally insightful findings on the competitive matters of the global socks market, including the strategic approaches adopted by manufacturers that empower their dominance.

 

Some of the key players identified across the value chain include Adidas Group, Nike inc., Skechers Inc., Hanesbrands Inc., Jockey International Inc., VF Corporation, Darn Tough, Recreational Equipment, Drymax Technologies, CEP Compression, Icebreaker, Farm to Feet, Stance, Patagonia Inc., Implus LLC, Wrightsock, Elicit Brands LLC, Fits Socks, Injinji Inc., ToeSox Inc., Tavi Noir, and Bombas.

 

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