Top 10 Key players in Socks Market-Company Overview, Recent Developments and SWOT Analysis 2032
A pair of Socks is a piece of clothing worn on the feet that often covers the ankle or part of the calf, widely used in various adventure sports like trekking, cycling, and swimming. In addition to this, the market for socks is expected to grow due to increased use of socks to protect the feet from heat or cold and during monsoons, as socks keep feet warm, prevent odor, etc., which is expected to create more opportunities for the market.
Socks Market is estimated to be US$ 79.1 billion by 2032 with a CAGR of 6.6% during the forecast period
Here are the top 10 companies operating in Socks Market
Founded: 1964
Headquarters: Beaverton, Oregon, U.S.
Revenue in USD: 46.71 billion
Employees: 79,100
NIKE, Inc., is engaged in designing, marketing, and distributing athletic footwear, apparel, equipment, accessories, and services for sports and fitness activities. The company's operating segments include North America; Europe, the Middle East, and Africa; Greater China; and Asia Pacific and Latin America.
It sells equipment and accessories under the NIKE brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other accessories designed for sports activities.
Key Highlights:
- NIKE Direct revenues increased 2% for fiscal 2020 as strong digital commerce sales growth of 45% more than offset a 20% decline in comparable store sales due to temporary store closures and stores operating on reduced hours as a result of COVID-19 during the fourth quarter.
Founded: 1989
Headquarters: Herzogenaurach, Germany
Revenue in EUR: 21,234.00Mn
Employees: 57,016
Adidas AG designs, manufactures, and markets athletic and sports lifestyle products. The company's product portfolio includes items such as footwear, apparel, bags, sunglasses, fitness equipment, and balls. The company distributes and sells products through its own branded stores, retail stores, wholesale stores, sporting goods chain purchasing groups, department stores, lifecycle retail chains, e-tailers, and franchise stores; it also sells products through e-commerce platforms and mobile shopping apps.
Key Highlights:
- In 2019, Adidas expanded our network of athletes and creatives with Beyoncé, the Queen of Pop, alpine skier Mikaela Shiffrin, and other new additions. Leveraging our Open Source mindset, such collaborations help us to spur creativity and thus develop the most desirable products and brand experiences.
Founded: 1987
Headquarters: Herzogenaurach, Germany
Revenue in EUR: 6,805.40Million
Employee: 14,606
Puma SE is a sporting goods and equipment manufacturer that designs and develops footwear, apparel, and accessories for men, women, and children. The company sells products under the PUMA, Stitched, and Cobra Golf brand names, and it licences and authorises various independent companies to manufacture and sell fragrances, eyewear, watches, and accessories. The company sells products directly to consumers through company-owned and licenced retail stores, e-commerce platforms, and wholesale.
Key Highlights:
- In August 2019, Puma opened our biggest PUMA Flagship Store globally at the most prestigious shopping location in the world: Fifth Avenue in New York City.
Founded: 1949
Headquarters: Kobe, Japan
Revenue in JPY: 404.13 Billion
Employees: 8,861
ASICS Corp. is a sports equipment manufacturing company that offers men's, women's, and children's sports shoes, sportswear, and sports equipment. ASICS markets its products under the Onitsuka Tiger, ASICS, ASICS Tiger, and Haglofs brand names. The company sells its products through a network of owned retail stores and e-commerce channels. ASICS conducts extensive R&D through its research institute, the ASICS Institute of Sport Science (ISS), and in partnership with other companies and academic institutions.
Key Highlights:
- In early 2019, we initiated and started implementing a new patent strategy project based on advanced big-data analysis of patent and marketing information using state-of-the-art technologies (Intellectual Property Landscape). The goal is to help identify potential new technologiesand build a differentiated patent portfolio that makes ASICS more competitive and effective in the global market.
Founded: 1921
Headquarters: Mount Airy, N.C.
Employees: 4,216
Refro Corporation designs, manufactures, and markets leg wear products. The company offers socks for men, women, boys, girls, babies, and toddlers. From standardising the size of socks to eliminating the toe seam, the company has pioneered some of the most important innovations in sock manufacturing. The company offers a complete line of branded and private-label socks and is constantly innovating.
Key Highlights:
- In May 2022, North Carolina-based Renfro Brands will put its motto "Living in Socks" on full display by launching a new social responsibility programme called Project Footprint.
- In 2020, Renfro Corporation, one of the world's largest manufacturers of socks, will employ more than 4,000 people globally in domestic and overseas factories and regional corporate offices.
Founded: 1998
Headquarters: New York, United State
United Legwear & Apparel Co., United Legwear Company, llc designs, manufactures, and distributes apparels. The company offers socks, legwear, sportswear, bodywear, and other related accessories. United legwear serves customers worldwide. United legwear & apparel co. Has teams of experienced professionals working together to make the company the best in the business. Whether in sales, finance, planning, marketing, or logistics, the goal is always customesatisfaction and superior product.
Key Highlights:
- For 20 years, Legwear has been the cornerstone of ULAC’s business. We manufacture the highest quality socks for sport, leisure, fashion, and work. By using the most innovative knitting techniques, and responding to trend and changing lifestyles, we’re able to meet customer demand for the most relevant legwear products.
Founded: 1908
Headquarters: Boston, Massachusetts, United States
Employees: 4,407
Converse Inc., the largest manufacturer of athletic footwear in the United States, produced approximately 8.4 million pairs locally in 1998. It owns and operates a manufacturing facility in Lumberton, North Carolina, where it manufactures most of its athletic core, and leases manufacturing plants in Mission, Texas, and Reynosa, Mexico. By the early 1990s, it had produced more than 500 million pairs in more than 56 colours and styles. Sold in over 90 countries worldwide.
Key Highlights:
- In January 2021, in 1891, Dr. James Naismith drafted the 13 original rules for the game of basketball while teaching school in Springfield, Mass. Now, 130 years later, Baston-based Converse has partnered with innovative retailer and neighbor Concept to honor the state's basketball history while also celebrating its future.
Founded: 1964
Headquarters: Phrapradaeng, Samutprakarn
Employees: 1000
Thai Socks Co., Ltd., launched a business of socks for the local market. The company is vertically integrated from yarn dyeing, yarn covering, and texturizing to knitting and finishing. They are Thailand's largest manufacturer and one of the leading Asian suppliers of socks to well-known brands and retailers worldwide.
Key Highlights:
- In July 2020, Thai sock makers will invest in new Lonati machines.
Founded: 1922
Headquarters: Fort Worth, Texas
Employees: 5,300
Williamson-Dickie Manufacturing Company produces work apparel. The company offers denim jeans, bib overalls, shorts, utility wear, coveralls, jackets, and insulated wear for men and women. It sells its products worldwide.
Founded: 2009
Headquartered: California, U.S.
Employees: 213
Stance, Inc. is a company that designs and manufactures socks. It also offers underwear and T-shirts. The company supplies men’s, women's, and kids' clothing. The company values approaches that get results and enhance their ability to get results in the future.
Key Highlights:
In May 2017, Stance and New Balance launch limited edition collection. This is a new collaboration collection of sneakers and socks at Atmos.