Growing Consumer Awareness of Health and Fitness Boosting Global Demand for Hiker Socks and Yoga Socks
Rockville , Jan. 10, 2024 (GLOBE NEWSWIRE) -- The net worth of the global hiker socks and yoga socks market is estimated to be US$ 1,024 million in 2024, which was around US$ 810 million in 2019. The worldwide demand for hiker socks and yoga socks is projected to grow at a CAGR of 5.7% from 2024 to 2034.
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Growing consumer awareness of the health advantages of specialized socks over traditional socks is also motivating manufacturers to develop customized products. The global hiker socks and yoga socks industry value is poised to reach US$ 1,782.6 million by 2034.
| Report Attribute | Details |
| Value Projection (2034) | US$ 1,782.6 million |
| Growth Rate (2024-2034) | 5.7% CAGR |
| No. of pages | 170 Pages |
| No. of Tables | 112 Tables |
| No. of Figures | 336 Figures |
“Market players are focusing on strengthening their direct-to-consumer/online retail platforms to reach a wider audience. The improvement in performance and user experience by advancements in wearable technology and smart fabrics is expected to transform the overall market over the coming decade,” says a Fact.MR analyst.
Key Companies Profiled in This Report
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ADIDAS Group
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Nike, Inc.
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PUMA SE
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VF Corporation
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Darn Tough
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Farm to Feet
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Patagonia, Inc.
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Icebreaker
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Wrightsock
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Elicit Brands, LLC
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Implus, LLC
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Injinji, Inc.
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ToeSox, Inc
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Feetures
Key Takeaways from the Global Hiker Socks and Yoga Socks Market Study Report
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In 2024, the hiker socks and yoga socks market in North America is expected to reach US$ 323.6 million.
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The United States is the leading country in North America for sales of hiker socks and yoga socks, which is poised to rise at a 5.6% CAGR through 2034.
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The net revenue generated by sales of hiker socks and yoga socks industries in East Asia is estimated to be around US$ 251 million in 2024.
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The demand for hiker socks and yoga socks in China is expected to surge at a 7.1% CAGR through 2034.
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The market for hiker socks and yoga socks in South Korea is anticipated to witness an impressive CAGR of 9% from 2024 to 2034.
Competitive Landscape in the Hiker Socks and Yoga Socks Market
The overall market is highly competitive as numerous players are currently operating in different geographical regions. There has also been a tremendous increase in the entry of traditional sock manufacturers using innovative wearable technologies for the production of personalized hikers and yoga socks.
Recent Developments by Industry Participants
The CutTM Hike Socks were introduced by Smartwool, a manufacturer of Merino wool sportswear, in April 2023. Though the brand's Original Classic Hike Socks are renowned for their comfort and functionality, this new item is made with yarn that was previously used in Smartwool socks.