Europe Socks Market Report and Forecast 2024-2032

Europe Socks Market Size

The Europe socks market reached approximately USD 11.63 billion in 2023. The market is projected to grow at a CAGR of 5.3% between 2024 and 2032, reaching a value of around USD 18.51 billion by 2032.

Europe Socks Market Outlook

• A total of 38% of Europeans engage in sports and exercise on a regular basis.

• In March 2024, the EU's private consumption expenditure reached 2,471.523 billion USD.

• In 2023, the majority of online shoppers, accounting for 44%, made purchases of clothes, shoes and accessories in Europe.

Europe Socks Market Growth

The rise of online shopping has led to a significant increase in sock sales as consumers now have access to a wide range of products and brands. Europe ranks as the third largest retail e-commerce market globally, generating total revenues of USD 631.9 billion. It is projected that the annual growth rate of 9.31% will result in total European retail e-commerce sales reaching USD 902.3 billion by 2027. E-commerce penetration rates are expected to increase across all regions in Europe through 2029. The United Kingdom is forecasted to have the highest penetration rate in the e-commerce market at 97.25%, followed by Germany at 70% and France at 62%. Besides, the emergence of direct-to-consumer brands offering high-quality socks at competitive prices has disrupted traditional retail models.

Ireland holds the sixth position in the European Union regarding weekly sports participation among adults. In 2022, research conducted by Sport Ireland offers significant insights into the trends of sports participation and physical activity in the post-pandemic context. The report indicates a 3% increase in adult participation rates since 2021. It also reveals that 43% of the adult population engaged in sports on a weekly basis in 2022, reflecting a rise of 3%. The significant increase in routine physical activities, such as running, gym sessions, yoga, and team sports, is fuelling the need for comfortable and stylish athleisure socks. As a result, there is a rising interest in performance socks that offer comfort, support, and longevity.

Europe Socks Market Segmentation

“Europe Socks Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Casual Socks

• Formal Socks

• Athletic Socks

• Speciality Socks

• Others

Market Breakup by Material Type

• Nylon

• Cotton

• Polyester

• Wool

• Others

Market Breakup by Demographics

• Men

• Women

• Kids

Market Breakup by Distribution Channel

• Hypermarkets/Supermarkets

• Convenience Stores

• Online Channels

• Others

Market Breakup by Country

• United Kingdom

• Germany

• France

• Italy

• Others

Europe Socks Market Share

Based on the distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, and online channels, among others. Online channels are projected to grow at a CAGR of 9.5% during the forecast period of 2024-2032.The convenience of online shopping enables consumers to explore and acquire different types of products including socks from a diverse selection. This accessibility is attractive, as it facilitates straightforward comparisons of prices and styles among various brands and platforms.

Leading Companies in the Europe Socks Market

Major players are focusing on product innovation and ethical production practices to gain a competitive edge in the market.

• Nike, Inc. 

• Adidas AG 

• Puma SE 

• USPA Global Licensing, Inc.  

• New Balance Athletics, Inc.  

• YONEX Co., Ltd.  

• Li-Ning Studio LLP  

• Under Armour, Inc. 

• Pantherella International Group Ltd.

• FALKE KGaA 

• Others

Key Highlights of the Report