The global waterproof socks market revenue was around US$ 28.51 million in 2022 and is estimated to reach US$ 41.64 million by 2031, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2023 to 2031.
Waterproof socks are socks equipped with a membrane that is water resistant. They are generally made up of three layers, the outer layer stops abrasion by shoes, the inner layer offers comfort and insulation, and the middle membrane stops water penetration from outside and offers breathability by allowing the vapor to pass outside.
Market Driving Factors
Increasing consumer demand for multifunctional sportswear and the emergence of outdoor activities drive the market growth. There is an extreme increase in the popularity and demand for multifunctional sportswear, specifically among adventure enthusiasts participating in activities such as cycling, hiking, snow sports, jogging, and mountain biking. In addition, the constant expansion of various types of outdoor activities like fishing, camping, trekking, and hiking led to an increase in demand for waterproof socks owing to their ability to guard against wet and cold conditions.
Wet weather conditions increase the demand for waterproof socks market. It plays an important role in driving the demand for these socks. Regions with frequent snow, rain, or wet climates tend to have a higher demand for these socks as people seek reliable shields for their feet in such environments. Thus, this element is estimated to boost the demand for these socks.
High-price-based materials for production hamper market growth.
Regional Analysis
The Asia Pacific dominated the market and is estimated to maintain its dominance over the forecast period. This can be attributed to the surged popularity of hiking and snow activities and the existence of a larger customer base in nations like China and India willing to spend on adventure and recreational activities. Furthermore, many nations in the region, such as Australia, New Zealand, Japan, and different Southeast Asian countries are famous tourist destinations that create substantial demand for waterproof socks to cater to the requirements of tourists engaged in outdoor activities.
Europe dominates the market in terms of the largest share. This is due to the increasing availability of favorable weather conditions from wet and cold winters to mild and wet summers, which keep the product in demand throughout the year. Additionally, they protect against the rain, snow, and damp conditions. Increasing advancements in waterproof and breathable materials across the region have made waterproof socks more comfortable and usable. This factor drives consumer interest in the product in the region.
Segmentation Insights
Product Type Insight
The mid-calf length socks segment dominates the market in terms of the largest share. This growth is due to its substantial popularity among outdoor enthusiasts who are engaging in many outdoor activities and the capacity of mid-calf socks to provide a balance between longer knee-high and shorter-ankle-length options that make them a perfect and preferred option for activities and footwear choices.
The ankle-length socks segment dominates the market in terms of the substantial rate. This is due to its widespread adoption among people with distinct foot conditions, such as those prone to fungal and blister infections, along with the increasing popularity of these socks as a fashion treatment among the young generation that has grown the market beyond its functional use.
Consumer Orientation Insight
The male waterproof socks segment dominates the market. This is due to the higher popularity and proliferation of adventure and sports activities among male athletes and adventurers and the ongoing increase in the participation of the male population in various outdoor activities, including trekking, camping, and hiking, among others. Furthermore, the requirement and demand for such products among them is rapidly surging due to male consumers being more informed about the several benefits of waterproof socks.
Sales Channel Insight
The online retailers segment is predicted to dominate the market in terms of the highest growth rate during the forecast period. This is due to the immediate emergence of many online shopping platforms providing greater advantages in terms of accessibility and convenience, broader product selection, global reach, product recommendations, and ease of payment and security, among others.
Furthermore, the increasing smartphone penetration and easy access to fast internet facilities around the world have resulted in more people opting for online shopping channels rather than traditional retail or offline shopping. Thus, this factor drives the segment growth.
Prominent Companies
Segmentation Outline
The global waterproof socks market segmentation focuses on Product Type, Application, Consumer Orientation, Sales Channel, and Region.
By Product Type
By Application
By Consumer Orientation
By Sales Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL WATERPROOF SOCKS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: WATERPROOF SOCKS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL WATERPROOF SOCKS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL WATERPROOF SOCKS MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 MID-CALF LENGTH SOCKS
5.3 ANKLE LENGTH SOCKS
5.4 KNEE LENGTH SOCKS
5.5 CALF LENGTH SOCKS
6 GLOBAL WATERPROOF SOCKS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 CYCLING
6.3 WATER SPORTS
6.4 TREKKING
6.5 SNOW SPORTS
6.6 OUTDOOR
6.7 OTHERS
7 GLOBAL WATERPROOF SOCKS MARKET, BY CONSUMER ORIENTATION
7.1 OVERVIEW
7.2 MALE WATERPROOF SOCKS
7.3 FEMALE WATERPROOF SOCKS
7.4 UNISEX WATERPROOF SOCKS
8 GLOBAL WATERPROOF SOCKS MARKET, BY SALES CHANNEL
8.1 OVERVIEW
8.2 SUPERMARKETS & HYPERMARKETS
8.3 SPECIALTY STORES
8.4 ONLINE RETAILERS
8.5 OTHERS
9 GLOBAL WATERPROOF SOCKS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL WATERPROOF SOCKS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 BRIDGEDALE OUTDOOR LTD
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 FOOTLAND INC
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 HAPPY SOCKS
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 INJINJI INC
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 LENNON PERFORMANCE PRODUCTS LTD
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 NEO SPORT
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 NORTHERN DIVER
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8. NRS
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 OKAMOTO CORPORATION
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 RANDY SUN
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 RECREATIONAL EQUIPMENT INC
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 ROCKY BRANDS
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 SEALSKINZ
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 STANCE
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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