Initially, socks were made with leather and matted animal hair or fur. Due to rapid industrialisation, machine knitting emerged as a key method to manufacture socks. It has been observed that the manufacturers are trying to come up with attractive designs in socks and are selling them in multiple pairs in order to attract a large number of customers. In addition, growth of the e-commerce industry is expected to open up new avenues for the Children’s Socks market in the near future. Increasing birth rate, surge in the disposable income, and easy availability of the product may positively influence the Children’s Socks market growth in the forthcoming years. Taking into account the growth of the global Children’s Socks market, QYR Consulting has lately published a new report named, “Global Children’s Socks Market Report, History and Forecast 2014 - 2025.” According to the report, the global Children’s Socks market was US$ 8126 Mn in 2018 and is expected to reach US$ 9800 Mn by the end of 2025. The global Children’s Socks market is predicted to exhibit a sluggish CAGR of little more than 2.6 % during the forecast period of 6 years, i.e. between 2019 and 2025.
Wool Socks to Gain Traction among Population in the Colder Countries
Based on the product, the global Children’s Socks market is bifurcated as cotton socks, wool socks, synthetics material socks, silk socks, and others. Demand for woolen socks may witness a surge in the colder nations as they are well suited for cooler weather. Manufacturers are producing Children’s Socks with the help of various materials such as silk, cotton, and wool in order to meet the demand of the customers. The global Children’s Socks market is segregated on the basis of application as boys and girls. The report gives a detailed analysis of the application segments to the readers.
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Longer Duration of Winters to Drive the Children’s Socks Market in North America
The Children’s Socks market is limited to a few regions across the globe. The long winters in the US and Canada is one of the leading factors expected to support the growth in North America. Europe is also expected to emerge as an important regional market in the coming years. However, the Children’s Socks market is prophesied to witness a slow growth in Asia Pacific, the reason being seasonal nature of winters in this region.
Key players operating in the global Children’s Socks market include Nike, Langsha, Disney, Jefferies Socks, Mengna, Falke, Ralph Lauren, Hanes, SmartWool, Adidas, and Fenli.
Seasonal Nature of Winters to Curb the Children’s Socks Market Growth
The key reason behind the sluggish growth of the Children’s Socks market is the seasonal nature of winters. This is reducing the need for Children’s Socks among the parent population. Moreover, parents are looking for solutions that are long lasting, which, in turn, is limiting the demand for Children’s Socks. The need for the product is only limited to colder nations, thereby restricting the growth opportunities of the industry to a great extent.
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