Singapore Socks Market Report and Forecast 2025-2034
Description
The Singapore socks market was valued at USD 12.12 Million in 2024. The industry is expected to grow at a CAGR of 6.10% during the forecast period of 2025-2034 to attain a valuation of USD 21.91 Million by 2034.
Singapore Socks Market Growth
The increase in sock purchases in Singapore can be attributed to the rising focus on physical health and wellness among the population. As per the 2022 National Sport Participation Survey, 73% of teenagers between 13 and 19 years old stated that they engage in sports and physical activities, primarily for the sake of their physical well-being. A data spanning from 2020 to 2022 from the same survey indicated a rise in the number of young individuals participating in activities like weightlifting, circuit training, and calisthenics. A larger portion of the population is now actively involved in various physical pursuits, such as running, gym sessions, yoga, and team sports. Consequently, there has been an increased demand for performance socks that provide comfort, support, and longevity.
The increase in online shopping has had a significant impact on the demand for socks. Online stores are available 24/7, making it convenient for consumers to buy socks whenever they need them. The convenience of having socks delivered directly to one's door eliminates the need to visit physical stores, leading to more frequent purchases. In 2022, the gross merchandise volume of the Singaporean eCommerce market reached US$8.2 billion, with projections indicating a rise to US$11 billion by 2025. Major eCommerce product categories include fashion, food, cosmetics and personal care, and toys. E-commerce platforms offer a wide variety of sock styles, colours, materials, and brands, often more extensive than physical stores. Consumers can easily find specialised socks, such as athletic, compression, or eco-friendly options, on online channels to meet their specific needs and preferences.
Singapore Socks Industry Segmentation
“Singapore Socks Market Report and Forecast 2025-2034” 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
Singapore 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 11.0% during the forecast period of 2025-2034.The ease of online shopping allows consumers to discover and purchase a diverse range of sock options from the comfort of their own homes.
Leading Companies in the Singapore 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
New Balance Athletics, Inc.
YONEX Co., Ltd.
Li-Ning Studio LLP
Under Armour, Inc.
Others
Singapore Socks Market Growth
The increase in sock purchases in Singapore can be attributed to the rising focus on physical health and wellness among the population. As per the 2022 National Sport Participation Survey, 73% of teenagers between 13 and 19 years old stated that they engage in sports and physical activities, primarily for the sake of their physical well-being. A data spanning from 2020 to 2022 from the same survey indicated a rise in the number of young individuals participating in activities like weightlifting, circuit training, and calisthenics. A larger portion of the population is now actively involved in various physical pursuits, such as running, gym sessions, yoga, and team sports. Consequently, there has been an increased demand for performance socks that provide comfort, support, and longevity.
The increase in online shopping has had a significant impact on the demand for socks. Online stores are available 24/7, making it convenient for consumers to buy socks whenever they need them. The convenience of having socks delivered directly to one's door eliminates the need to visit physical stores, leading to more frequent purchases. In 2022, the gross merchandise volume of the Singaporean eCommerce market reached US$8.2 billion, with projections indicating a rise to US$11 billion by 2025. Major eCommerce product categories include fashion, food, cosmetics and personal care, and toys. E-commerce platforms offer a wide variety of sock styles, colours, materials, and brands, often more extensive than physical stores. Consumers can easily find specialised socks, such as athletic, compression, or eco-friendly options, on online channels to meet their specific needs and preferences.
Singapore Socks Industry Segmentation
“Singapore Socks Market Report and Forecast 2025-2034” 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
Singapore 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 11.0% during the forecast period of 2025-2034.The ease of online shopping allows consumers to discover and purchase a diverse range of sock options from the comfort of their own homes.
Leading Companies in the Singapore 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
New Balance Athletics, Inc.
YONEX Co., Ltd.
Li-Ning Studio LLP
Under Armour, Inc.
Others
Table of Contents
130 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Socks Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Socks Historical Market (2018-2024)
- 5.3 Asia Pacific Socks Market Forecast (2025-2034)
- 6 Singapore Socks Market Overview
- 6.1 Key Industry Highlights
- 6.2 Singapore Socks Historical Market (2018-2024)
- 6.3 Singapore Socks Market Forecast (2025-2034)
- 7 Singapore Socks Market by Product Type
- 7.1 Casual Socks
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Formal Socks
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Athletic Socks
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Speciality Socks
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Singapore Socks Market by Material Type
- 8.1 Nylon
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Cotton
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Polyester
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Wool
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Others
- 9 Singapore Socks Market by Demographics
- 9.1 Men
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Women
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Kids
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 10 Singapore Socks Market by Distribution Channel
- 10.1 Hypermarkets/Supermarkets
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Convenience Stores
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Online Channels
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyers Powers
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Nike, Inc.
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Adidas AG
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 Puma SE
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 New Balance Athletics, Inc
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 YONEX Co., Ltd.
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Li-Ning Studio LLP
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Under Armour, Inc.
- 12.5.7.1 Company Overview
- 12.5.7.2 Product Portfolio
- 12.5.7.3 Demographic Reach and Achievements
- 12.5.7.4 Certifications
- 12.5.8 Others
Pricing
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