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Electronics & Smart Devices

Smart Socks Market By Product Type (Step Counting Socks, Speed Tracking Socks, Distance Tracking Socks); By End User (Men, Women, Kids); By Distribution Channel (Online Stores, Offline Stores) - Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

  • Report ID: 606

Smart Socks Market Overview

Smart Socks are equipped with various sensors and are connected with various mobile devices. These smart socks can provide pressure on acupuncture points of the legs and can help to stimulate blood circulation. Apart from this, smart socks can retain water thus keeping feet dry and fresh.

Market Size and Forecast

Global smart socks market is expected to experience a remarkable growth during the forecast period i.e. 2017-2024. High adoption rate of smart wearable among people and increasing cases of venous disorders are major factors which are anticipated to be the dynamic factors behind the growth of global smart socks market during the forecast period.

Regionally, North America is anticipated to account for a significant portion of market share in the overall market of smart socks during the forecast period. Factors such as, increasing geriatric population in the region is anticipated to fuel the growth of the global smart socks market. Moreover, growing adoption of technology enabled smart socks advancement is opening a gateway of opportunities for the domestic and foreign vendors over the forecast period.

Europe smart socks market is expected to witness substantial growth over the forecast period. Factor such as, rising innovative and interdisciplinary technologies and products are envisioned to strengthen the growth of smart socks market in Europe. Moreover, Asia Pacific is poised to record fastest growth rate during the forecast period. Countries such as China, Japan and India are anticipated to exhibit faster growth rate as compared to other countries in the region. Moreover, the advancement of technology in smart socks is anticipated to fuel the growth of the Asia Pacific smart socks market.

smart socks market

Further, global smart socks market is further segment by product type into step counting socks, speed tracking socks and distance tracing socks. Further, step counting socks segment is envisioned to grow at a significant pace over the forecast period due to increasing adoption of fitness wearable across the globe over the forecast period.

Market Segmentation

Our in-depth analysis has segmented global smart socks market into the following segments:

By Product Type

  • Step Counting Socks
  • Speed Tracking Socks
  • Distance Tracking Socks
  • Others

By End User

  • Men
  • Women
  • Kids

By Distribution Channel

  • Online Store
  • Offline Store

By Region

Global smart socks market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

Growing incidences of venous diseases is poised to drive the growth of global smart socks market. Moreover, increasing diabetic population across the globe is expected to impel the expansion of global smart socks during the forecast period. Additionally, the potential to prevent foot ulceration and reducing the number of amputations based on early recognition of pre-ulcerative areas is anticipated to foster the growth of the global smart socks market in the upcoming years.

Furthermore, growing geriatric population across the globe is anticipated to increase the growth of the global smart socks market. Further, increasing advancement in smart apps regarding smart socks is anticipated to foster the growth of the global smart socks market. Further, innovations in smart socks products such as detection of inflammation and injury of feet & product improvisation to ensure diabetic patient comfort are expected to drive the growth of the smart socks market. Moreover, an antimicrobial fabric, have moisture evaporation properties in the smart socks. This factor is anticipated to foster the growth of the smart socks market during the forecast period.

However, high cost of smart socks and lack of awareness about smart socks is some of the key factors which are expected to limit the growth of global smart socks market over the forecast period.

Key Players

  • Adidas Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Nike Inc.
  • Puma
  • Thai Socks Co. Ltd.
  • ASICS Corporation
  • Renfro Corporation
  • Sensoria

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global smart socks market is segmented as follows:

  • By Product Type Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Factors Covered for Market Penetration
Factors to be Considered for maximum ROI
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