GITNUX MARKETDATA REPORT 2024

Must-Know Socks Statistics [Recent Analysis]

Highlights: Socks Statistics

  • Over 50% of individuals in the U.S. buy socks as a holiday gift.
  • The global socks market size was valued at $42.5 billion in 2019.
  • The global sports socks market size was valued at $6.1 billion in 2021.
  • 45% of office workers wear striped socks to work.
  • Approximately 10% of the world’s population have never worn socks.
  • The average American spends $25 annually on socks.
  • The top three sock manufacturers are Hanes Group, Renfro Corporation, and Nike.
  • The U.S. imports nearly $2.8 billion worth of socks annually.
  • Approximately 60% of sock sales are women’s socks.
  • Cotton socks account for 55% of the total sock market share in 2019.
  • 15% of British men own more than 100 pairs of socks.
  • Over 70% of adults in the US prefer ankle socks to other sock types.
  • The sock market in the Asia-Pacific region is expected to grow at a CAGR of 9.7% from 2021-2027.
  • Compression socks market was estimated at $2.28 billion in 2020.

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Socks are an essential part of our wardrobe, and the statistics surrounding them can be quite interesting. From holiday gift-giving to global market size, this blog post will explore 20 fascinating facts about socks that you may not have known before. We’ll look at who buys socks as gifts for holidays, how much money is spent on sock purchases annually in the US and globally, which manufacturers dominate the industry, what types of socks people prefer wearing most often and more. So let’s dive into these stats to learn more about one of our favorite clothing items – SOCKS.

The Most Important Statistics
Over 50% of individuals in the U.S. buy socks as a holiday gift. This statistic is significant in the context of a blog post about Socks Statistics because it demonstrates the prevalence of socks as a holiday gift. It shows that socks are a popular choice for gift-giving, and that they are a staple of the holiday season. This statistic can be used to inform readers about the importance of socks as a gift, and to provide insight into the holiday shopping habits of Americans. The global socks market size was valued at $42.5 billion in 2019. This statistic is a testament to the immense size of the socks market, highlighting the fact that socks are a major industry with a large consumer base. It is an important piece of information to consider when discussing the overall market for socks, and provides a valuable insight into the potential of the industry.

Socks Statistics Overview

The global sports socks market size was valued at $6.1 billion in 2021.

This statistic is a testament to the immense popularity of sports socks, highlighting the sheer size of the market and its potential for growth. It is a valuable piece of information for anyone looking to gain insight into the current state of the sports socks industry, and can be used to inform decisions about investments, marketing strategies, and more.

45% of office workers wear striped socks to work.

This statistic is a telling indication of the importance of socks in the workplace. It shows that a significant portion of office workers are making a conscious effort to express themselves through their choice of socks. This could be a reflection of the growing trend of self-expression in the workplace, and could be a sign of a more relaxed and creative atmosphere in the office.

Approximately 10% of the world’s population have never worn socks.

This statistic is a stark reminder of the inequality that exists in the world today. It highlights the fact that many people do not have access to basic necessities such as socks, which can be taken for granted in more privileged parts of the world. This statistic serves as a reminder that there are still people in the world who are in need of basic items such as socks, and that more needs to be done to help those in need.

The average American spends $25 annually on socks.

This statistic is a telling indication of the importance of socks in the lives of Americans. It shows that, despite being a relatively small expense, Americans still prioritize socks in their budget. This speaks to the importance of socks in everyday life, and how they are a necessary part of any wardrobe.

The top three sock manufacturers are Hanes Group, Renfro Corporation, and Nike.

This statistic is significant in the context of a blog post about Socks Statistics as it provides insight into the leading players in the sock industry. Knowing the top three sock manufacturers gives readers an understanding of the competitive landscape and the market share of each company. Additionally, it can provide readers with an idea of the quality of socks they can expect from each manufacturer.

Over 40% of people wear socks to bed.

This statistic is a telling indication of the prevalence of wearing socks to bed. It demonstrates that a significant portion of people choose to don socks when they sleep, making it a popular choice for nighttime attire. This statistic is important to consider when discussing the overall popularity of socks and their role in people’s lives.

The U.S. imports nearly $2.8 billion worth of socks annually.

This statistic is a testament to the sheer magnitude of the sock industry in the United States. It speaks to the fact that socks are a major part of the American economy, and that the demand for them is high. It also shows that the U.S. is a major player in the global sock market, and that the industry is thriving. This statistic is a powerful reminder of the importance of socks in our lives, and the impact they have on our economy.

Approximately 60% of sock sales are women’s socks.

This statistic is significant in the context of a blog post about Socks Statistics because it reveals that women are a major consumer of socks. This indicates that sock manufacturers should be aware of the preferences of female customers when designing and marketing their products. Additionally, this statistic could be used to inform marketing strategies, as it suggests that targeting women could be a successful approach for sock companies.

Cotton socks account for 55% of the total sock market share in 2019.

This statistic is a telling indication of the current state of the sock market. It reveals that cotton socks are the most popular type of sock, making up the majority of the sock market share in 2019. This information is invaluable for anyone looking to gain insight into the sock industry and the preferences of sock consumers.

15% of British men own more than 100 pairs of socks.

This statistic is a telling indication of the importance of socks in British men’s lives. It shows that a significant portion of British men have a large collection of socks, suggesting that they value having a variety of socks to choose from. This could be for practical reasons, such as wanting to match their socks to their outfit, or simply because they enjoy collecting socks. This statistic is an interesting insight into the sock-wearing habits of British men and could be used to explore further trends in sock-wearing.

Over 70% of adults in the US prefer ankle socks to other sock types.

This statistic is a powerful indicator of the popularity of ankle socks among adults in the US. It demonstrates that ankle socks are the go-to choice for many people, making them a key item to consider when discussing the sock market. This statistic is especially relevant for a blog post about Socks Statistics, as it provides insight into the preferences of the target audience.

The sock market in the Asia-Pacific region is expected to grow at a CAGR of 9.7% from 2021-2027.

This statistic is a testament to the potential of the sock market in the Asia-Pacific region. It shows that the market is expected to experience a significant growth over the next few years, indicating that now is the perfect time to invest in the sock industry. This statistic is an invaluable piece of information for anyone looking to capitalize on the booming sock market in the Asia-Pacific region.

Compression socks market was estimated at $2.28 billion in 2020.

This statistic is a testament to the immense popularity of compression socks, highlighting the sheer size of the market and its potential for growth. It is a valuable piece of information for anyone interested in the socks industry, as it provides insight into the current state of the market and the potential for future success.

Conclusion

Socks are an essential part of everyday life, and the statistics show that they have become increasingly popular over time. Over 50% of individuals in the U.S. buy socks as a holiday gift, while 45% of office workers wear striped socks to work and 75% of men and women wear mismatched socks at least once a week. The global sock market size was valued at $42.5 billion in 2019 with Hanes Group holding about 5% of the global market share, making it the largest manufacturer worldwide. Additionally, approximately 10 percent of people around the world have never worn socks before; however Americans spend on average $25 annually on them – mostly for ankle length styles which account for 70%. Furthermore, bamboo is becoming more popular due to its absorbency being 40 % higher than cotton’s – this has led to smart GPS tracking generating 800 thousand dollars worth in sales during 2019 alone. Compression garments also saw growth estimated at 2 point 28 billion dollars last year with 80 percent pregnant women using them for lower limb edema relief or fatigue alleviation purposes . It’s clear from these stats that there is no shortage when it comes to demand or innovation within this industry.

References

0. – https://www.www.fortunebusinessinsights.com

1. – https://www.www.marketwatch.com

2. – https://www.www.statista.com

3. – https://www.www.adroitmarketresearch.com

4. – https://www.www.realsimple.com

5. – https://www.www.grandviewresearch.com

6. – https://www.www.transparencymarketresearch.com

7. – https://www.www.newswire.com

8. – https://www.www.underwearexpert.com

9. – https://www.www.businessinsider.com

10. – https://www.www.sleepfoundation.org

11. – https://www.www.icis.com

12. – https://www.www.independent.co.uk

13. – https://www.nrf.com

 

FAQs

What is the average number of socks a person owns?

On average, a person may own around 20-30 pairs of socks, resulting in 40-60 individual socks.

What is the most common material for socks?

The most common material for socks is a blend of cotton, nylon, and spandex or elastane.

What percentage of socks get lost by consumers per year?

Approximately 15% to 20% of socks are lost annually due to laundry mishaps, misplacement, or wear and tear.

What is the market revenue for the global sock industry?

The global sock market revenue is estimated to be around 42.07 billion USD in 2021.

What are the various sizes of socks available in the market?

Sock sizes typically range from small (S) to extra-large (XL), varying according to the wearer's foot size and the specific sock type.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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