Global Waterproof Socks Market: Overview

The waterproof socks market is expected to grow at an impressive CAGR (Compound Annual Growth Rate) between 2019 and 2027 owing to increase in activities like camping, river rafting and trekking. In fact, the sports and outdoor industry is itself going at a pace faster than global waterproof socks market. The user penetration in 2019 was 10.6% and by 2023 will be 17.3%.

Global Waterproof Socks Market: Notable Developments

While waterproof socks have always been in demand and that has been quite consistent, there has been seen an increase in recent years owing to growing popularity for water sports, trekking, hiking, snow sports, etc. So, it does not come as a surprise that players are actively trying to meet this growing demand. And, the competition is intense. Some of the developments in the market are outlined below. These are shaping the competitive landscape in a big way.

ArcticDry launched waterproof socks - ArcticDry Xtreme - with innovative new features. It has three layers to protect from water and is also breathable. Then, it introduced Waterfly which is again highly water resistant. Not only does the company seem to be at the vanguard of the innovation game but also it is actively working towards diversifying the product portfolio.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Global waterproof socks market is fragmented. Major players include: 

  • DexShell
  • Sealskinz
  • Showers Pass
  • Rocky
  • Wigwam Corporation
  • Camaro GesmbH
  • Randy Sun
  • Seavenger 

Global Waterproof Socks Market: Key Trends and Drivers

Global Waterproof Socks Market Landscape is witnessing demand from various corners of the business world. Demand is not just coming from sports enthusiasts but also people under medical care. Some of the factors are driving the global waterproof socks market are outlined below: 

  • Known to be antibacterial, waterproof socks are seeing a rise in demand from the healthcare sector. These cater well to needs of patients suffering from infections and issue posed by bacteria and viruses. Especially, during outdoor activities, these become especially significant. Thus a good number of healthcare professionals prefer these for prevention of bacterial invasion.
  • Millennials are ardently seeking outdoorsy pleasures. And, the fact that they seek for an active and healthy lifestyle, via sports, etc. is further contributing to the growth of the global waterproof socks market. These act as a sort of a safety equipment for people who are out in the wild - trekking, camping, hiking – or for those who play snow sports, run in wilderness or in rainy regions, etc. Depending on the kind of activity that is pursued, variants of waterproof socks in demand change. 

Looking for Regional Analysis or Competitive Landscape in Waterproof Socks Market, ask for a customized report

Global Waterproof Socks Market: Geographical Analysis 

North America and Europe will account for a large chunk of market share over the forecast period, owing to a massive number of sports enthusiasts in the region. Besides, these regions are home to countries that spend heavily on events related to rafting, cycling, snow sports and so on.  Moreover, it is supported by the high levels of disposable incomes in the region. 

Another region that will experience growth, creating untapped opportunities for global waterproof socks market players to make the most of is the Asia Pacific (APAC) region. The reasons are manifold. 

One, thanks to rising awareness regarding health and fitness, more and more people are now adopting activities like running, camping and trekking, etc. Two, there is a marked increase in disposable incomes in the region. It is a direct outcome of good economic performance by a number of developing regions. This is improving the spending capacity of people who can now afford to indulge in a lot many sporting activities and afford expensive equipment.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Waterproof Socks Market

Pre Book