Rising Demand Of Ecotourism To Boost The Waterproof Socks Market Growth

Waterproof Socks Market
Waterproof Socks Market

Waterproof Socks Market, By Raw Material (Nylon, Merino Wool, Polypropylene, Bamboo Rayon), Product Type (Ankle Length Socks, Mid-Calf Length Socks, Knee Length Socks), Application (Trekking, Water Sports, Cycling, Snow Sports, Outdoor, Other Activities), Gender (Male, Female, Unisex), Sales Channel (Wholesaler/Distributor, Supermarket/Hypermarket, Specialty Store, Independent Store, Club Store, Online Store), Age Group (Up to 15 years, 15 to 30 years, 30 to 45 years, 45 to 60 years, Above 60 years), and by Region (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Outlook, Size, Share and Opportunity Analysis 2023 – 2030

The global Waterproof Socks Market is estimated to be valued at US$ 49,181.9 million in 2022 and is expected to exhibit a CAGR of 8.13 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Waterproof Socks are designed with 3 materials that is a knit outer layer sock, a waterproof layer, and a knit inner layer sock. As the exterior and interior socks is mandate to be profuse enough to secure the waterproof layer from scratch, one will find waterproof socks to be dense compared to the normal athletic socks.

Competitive Landscape:

Key players involved in the global Waterproof Socks Market are Wrightsock; LENNON PERFORMANCE PRODUCTS LTD; Henderson Neosport; Injinji, Inc..;Sealskinz; Recreational Equipment, Inc.; Wigwam Corporation.; Okamoto Corporation; Seavenger.; Rocky Brands; Bridgedale; Showers Pass.; DEXSHELL; CAMARO Erich Roiser GmbH; Stance.; RANDY SUN; Footland Inc.; NRS; Northern Diver; Wildfire Sports & Trek;

Market Key Drivers:

Rising demand of ecotourism is expected to augment the growth of global waterproof socks for market. For instance, as per facts and figures ecotourism produces US$ 77 billion across the globe.

Rising preference for several outdoor activities such as snow sports, swimming, trekking and cycling are projected to drive the growth of global Waterproof Socks Market. For instance, as per facts and figures over 400 million witness snow sports across the globe.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global waterproof socks for market due to the surge in pandemic. The rise in pandemic has led to the imposition of strict lockdown. The restriction on travels and the social distancing measures has impeded the market growth.

Key Takeaways:

The global Waterproof Socks Market is expected to exhibit a CAGR of 8.13 % during the forecast period due to rising partnerships and collaborations. For instance, on 26 February 2023, Seavenger and AWARE project collaborated with each other.

Among regions North America, Asia Pacific and Europe are anticipated to witness robust growth in the global waterproof socks for market owing to the rising snow sports, swimming, trekking and cycling, rising collaborations, mergers and acquisitions and rising eco-tourism. For instance, as per NSAA around 7.96 million snowboarders and over 14.94 million skiers visited U.S. in 2021.

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