Global Socks Market Size

Goals

To determine the global socks market size, the total number and total value of socks pairs sold in 2019 by region expressed in million dollars, the average selling price per pair of socks sold by (Nike, Adidas, H&M, Hanes, Uniqlo, Zara (Inditex), Primark, Marks & Spencer, Puma, Shimamura, Reebok, Hugo Boss, Calvin Klein, Kiabi, Gap, Target, and Napapijri), and a breakdown of the brands' market share.

Early Findings

Global Socks Market Size

  • According to Grand View Research, the global socks market size was valued at $42.2 billion in 2018. The casual products segment accounted for 54.3% market share, while the formal and athletics segment holds the rest.
  • From 2019 to 2025, the athletic product is projected to expand at a (compound annual growth rate) CAGR of 6.7%. The growth is primarily driven by the launch of new products globally by top brands like Adidas and Nike.
  • Based on gender, men accounted for the biggest share of 63.2%. Part of the big share is attributable to a growing preference for patchy and studded products, which are now gaining acceptance in the men's segment.
  • In 2018, the North American market accounted for 19.8% share of the global revenue driven by strong sales by top brands like "Adidas A.G., Nike Inc., and Puma S.E."

Socks Sales Volume

  • A report by Global Edge noted in March 2019 that a total of 21,239.05 million pairs of socks would be made and sold that year, with China and the U.S. being the top revenue generator markets.
  • The report further asserted that the average price per pair of socks would be about $1.89. The report continued to say that Adidas, Nike, Puma, and Asics are the most popular socks brands in the U.S.
  • The average sales prices of socks listed on Walmart range from as low as $6.93 to as high as $19.76.
  • A 2016 Statista indicates that private labels held the highest share of 29.2% of the North American market, Hanes held 8.8%, Fruit of the Loom had 8.3%, Gildan 6%, Hanes Premium 2.9%, etc.

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