Waterproof Socks Market Size was valued at USD 4.5 Billion in 2022. The waterproof socks market industry is projected to grow from USD 4.81 Billion in 2023 to USD 8.34 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.10% during the forecast period (2023 - 2032). The rising popularity of online stores, the introduction of new products, and an increase in mergers and acquisitions, among other things. are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Market CAGR for waterproof socks is driven by the rising demand for multipurpose clothing and accessories that are windproof, waterproof, and breathable for outdoor activities including snow sports and the rising acceptance of ecotourism. Recently, there has been a trend of rising customer preference for anti-microbial waterproof socks such as Dexshell Coolvent and Hydroskin Wet Socks, which has, in turn, fueled the expansion of the waterproof socks market. One of the challenges facing the market for waterproof socks is the low market penetration in emerging nations like Brazil, Mexico, India, Thailand, Peru, and others.
Additionally, the market's sluggish adoption during the first half of the forecast period is mostly attributable to the appearance of new product launches from participants in the waterproof sock industry. This shift in growth rate is also largely explained by the market's slow adoption of new products during this period.
The demand for waterproof socks in the international market is thought to be mostly driven by the growing millennial population and their shifting attitudes toward various consumer items. Potential Customers typically have a strong passion for sports and participate in various adventurous sports activities, including water sports and hiking, which eventually call for waterproof socks as a part of their gear. This, in turn, aids in the expansion of the market. For instance, DEXSHELL unveiled its unique DEXLOK technology in 2018 to prevent water from seeping into the waterproof sock while submerged and from entering when it is not. Users may keep dry and warm when crossing and swimming in the river thanks to this design, which gives the impression of being 100% waterproof. Thus, the growing demand for multiple-use garments and accessories drives the waterproof socks market revenue.
The waterproof socks market segmentation, based on material, includes nylon, polypropylene, wool, bamboo rayon, and others. The nylon segment dominated the market, accounting for 35% of market revenue (1.57 Billion). Manufacturers use nylon to create waterproof socks because of their high elongation, temperature resistance, and luster characteristics.
The waterproof socks market segmentation, based on end-users, includes adults and children. The adults category generated the most income (70.4%), with the highest CAGR. The market for waterproof socks is driven by the rise in adult participation in risk-taking sports in North America and Europe.
The waterproof socks market segmentation, based on distribution channels, includes store-based and non-store-based. The store-based category generated the most income (75.9%), with the highest CAGR. As a result of consumers' preference for physical product access to gauge a product's quality, the store-based segment is currently gaining the highest market share.
Figure 1: Waterproof Socks Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Waterproof Socks Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American waterproof socks market will dominate this market, as the regional market has grown due to the region's growing interest in sportswear. North America holds the largest market.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: WATERPROOF SOCKS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's waterproof socks market accounts for the second-largest market share as a result of the rising acceptance of adventure sports in important nations like Germany, Italy, and the UK is fueling growth in the European industry. Further, the German waterproof socks market held the largest market share, and the UK waterproof socks market was the second-largest growing market in the European region.
The Asia-Pacific waterproof socks market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to industrial companies developing cutting-edge products, boosting the region's regional market. Moreover, China’s waterproof socks market held the largest market share, and the Indian waterproof socks market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the waterproof socks market, grow even more. Participants in the market are also engaging in a variety of strategic initiatives to footprint, with important market developments such as the introduction of new products, business contracts, mergers and acquisitions, increased investments, and cooperation with other organisations. The waterproof socks industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the waterproof socks industry to benefit clients and increase the market sector. In recent years, the waterproof socks industry has offered some of the most significant advantages to medicine. Major players in the Waterproof Socks market, including Recreational Equipment, Inc. (Sealskinz, Showers Pass, DexShell) (US), Rocky Brands (US), Wigwam Corporation (US), Camaro GesmbH (Austria), Renfro Corporation (US), Seavenger (US), Annapolis Performance Sailing Ltd. (Gill) (US), Wildfire Sports & Trek (Antu) (Australia), Reed Chillcheater (UK), Lennon Performance Products Ltd. (UK), Northern Diver (UK), Henderson Neosport (US), NRS (US), Bridgedale Outdoor Ltd (UK), and Footland Inc. (Taiwan), are attempting to increase market demand by investing in research and development operations.
Bridgedale Outdoor Ltd. manufactures and distributes outdoor socks. The business creates and produces socks for running, skiing, walking/hiking, and other activities. To create their socks, Bridgedale uses microfibers and natural yarns. For instance, By introducing the "Screens Down, Socks Up" campaign in 2019, Bridgedale Outdoor Ltd., a market leader in producing performance socks, urges consumers to improve their health and well-being.
Wigwam Mills, Inc. was founded in 1905. The company knits, dyes, or finishes hosiery as a part of its operations. For instance, The Wigwam Board of Directors announced that the fourth-generation siblings Chris Chesebro and Margaret Newhard had assumed leadership of the 115-year-old brand as Mills launched a U.S. facility and emerged with new leadership. Chesebro and Newhard have been employed at Wigwam for over ten years.
Waterproof Socks Industry Developments
February 2023: Project AWARE and Seavenger, a waterproof equipment business, have partnered. This project was carried out throughout the year through participating in community events, fundraisers, and beach clean-ups.
January 2022: With its incredibly elastic Xnetic H2O material, Giro is the newest manufacturer to join the market for waterproof knitwear. The new Xnetic H2O socks from Giro are much stretchier and feel more like regular socks, improving their comfort and fit immediately. They wick effectively while dry but still suffer from the usual problem of an outer layer that can become drenched, retain the cold, and hinder wicking.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 4.5 Billion |
| Market Size 2023 | USD 4.8 Billion |
| Market Size 2032 | USD 8.3 Billion |
| Compound Annual Growth Rate (CAGR) | 7.10% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, End-User, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Recreational Equipment, Inc. (Sealskinz, Showers Pass, DexShell) (US), Rocky Brands (US), Wigwam Corporation (US), Camaro GesmbH (Austria), Renfro Corporation (US), Seavenger (US), Annapolis Performance Sailing Ltd. (Gill) (US), Wildfire Sports & Trek (Antu) (Australia), Reed Chillcheater (UK), Lennon Performance Products Ltd. (UK), Northern Diver (UK), Henderson Neosport (US), NRS (US), Bridgedale Outdoor Ltd (UK), and Footland Inc. (Taiwan) |
| Key Market Opportunities | The main market trends include the rising popularity of online stores, the introduction of new products, and increased mergers and acquisitions. |
| Key Market Dynamics | Increasing demand for clothing and accessories with several uses |
Waterproof Socks Market Highlights:
Frequently Asked Questions (FAQ) :
The waterproof socks market size was valued at USD 4.5 Billion in 2022.
The market is projected to grow at a CAGR of 7.10% during the forecast period, 2023-2032.
North America had the largest share of the market
The key players in the market are Recreational Equipment, Inc. (Sealskinz, Showers Pass, DexShell) (US), Rocky Brands (US), Wigwam Corporation (US), Camaro GesmbH (Austria), Renfro Corporation (US), Seavenger (US), Annapolis Performance Sailing Ltd. (Gill) (US), Wildfire Sports & Trek (Antu) (Australia), Reed Chillcheater (UK), Lennon Performance Products Ltd. (UK), Northern Diver (UK), Henderson Neosport (US), NRS (US), Bridgedale Outdoor Ltd (UK), and Footland Inc. (Taiwan).
The Nylon category dominated the market in 2022.
The adults had the largest share of the market.
The store-based had the largest share of the market.
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