Waterproof Socks Market Size, Share, Growth, and Industry Analysis, By Type (Male and Female), By Application (Supermarket, Hypermarket, Specialty Stores, Convenience Stores, and Others), and Regional Forecast to 2032

Updated On: 15 April 2024

Waterproof Socks Market Report Overview

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The global waterproof socks market size was USD 5.6642 billion in 2022. As per our research, the market is expected to reach USD 8.012 billion in 2028, exhibiting a CAGR of 6.0% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the waterproof socks market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Waterproof socks are a type of footwear designed to keep your feet dry and protected from water. They are typically made with a combination of waterproof materials and advanced construction techniques to create a barrier that prevents water from entering the sock. These socks are commonly used in outdoor activities such as hiking, camping, fishing, and kayaking, where there is a higher chance of encountering wet conditions. They are particularly beneficial in situations where your feet may be submerged in water or exposed to heavy rain or snow.

The market is predicted to boom with an excellent growth rate over the forecast period due to the increasing popularity of outdoor activities and the demand for gear that provides protection against wet conditions. Additionally, the market is split by type, by application, and by geographical expansion of the market. Based on the type of product, male socks, and female socks are available in the market. On the other hand, supermarkets, hypermarkets, specialty stores, and convenience stores are notable application segments in the market.

COVID-19 Impact: Pandemic Decreased the Demand for Dispensable Goods

The COVID-19 pandemic impacted the markets negatively. The market disruptions caused by the pandemic were widespread and varied across industries. Lockdown measures, travel restrictions, supply chain disruptions, and shifts in consumer behaviour all played a role in shaping the market landscape. Many businesses faced challenges due to reduced consumer spending, decreased demand, and temporary closures. This resulted in decreasing the demand for waterproof socks during the health emergency. However, as the business industries started gaining traction, the demand for waterproof socks is expected to rebound in the coming years.

Latest Trends

"Trend of E-Commerce and Online Shopping Expand the Market Scope"

The growth of the market is remarkably influenced by continuing trends and development, which augment the demand for the product. For instance, growing e-commerce and online shopping trend has a noteworthy impact on the market. The global health crisis accelerated the growth of e-commerce and online shopping. Resulted in, this trend is expected to continue to fuel the demand for these socks as consumers increasingly prefer the convenience and safety of online transactions. Along with this, Manufacturers are continually researching and introducing new materials with enhanced waterproofing capabilities, breathability, and durability. Innovations such as the use of advanced membranes, coatings, and seam-sealing technologies to improve performance. Thereby, these trends are attributed to support the waterproof socks market growth over the forecast 2022-2028. 

Segmentation

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By Type Analysis

According to type, the market can be bifurcated into male and female.

By Application Analysis

Based on application, the market can be divided into supermarket, hypermarket

specialty stores, convenience stores, and others.

Driving Factors

"Increasing Popularity of Outdoor Activities and Adventure Sports Boost Growth of the Market"

The popularity of outdoor activities such as hiking, camping, fishing, and water sports drives the demand for waterproof socks. As more people engage in these activities, the need for footwear that provides protection against wet conditions increases and contributes to the growth of the market.

"Wet Weather Conditions Accelerate the Demand for the Waterproof Socks"

The growth of the market is also driven by the weather conditions, as it plays a significant role in driving the demand for these socks. Regions with frequent rain, snow, or wet climates tend to have a higher demand for these socks as individuals seek reliable protection for their feet in such environments. Thus, the factor is ascribed to propel the demand for these socks.

Restraining Factors

"Price and Affordability Can Hinder the Market Expansion"

Along with driving factors, the market has some constraints such as high price and affordability, which can limit the expansion of the market.  As, waterproof socks can be relatively more expensive compared to regular socks, primarily due to the specialized materials and technologies used in their construction. And higher price points can limit the market's accessibility, especially for price-sensitive consumers.

Waterproof Socks Market Regional Insights

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North America Dominates the Market due to a Strong Presence in the Water Sports Industry

As per market research, North America has been a leading region in the market for the last few years. The countries including the U.S. and Canada have a higher demand for waterproof socks due to a strong presence in the outdoor and adventure sports industry. The region's diverse geography, with a range of outdoor activities like hiking, camping, and fishing, drives the demand for these socks. Established brands, outdoor retailers, and a culture of outdoor exploration contribute to North America's leading position in the market.

Key Industry Players

"Key Players Focus on Marketing Strategies to Stay Ahead in the Competition"

With regard to key players, leading companies stimulate market growth through various strategies, including continuous product development, marketing and advertising campaigns, and partnerships with retailers and distributors. By offering reliable and high-quality waterproof sports gear, these brands contribute to expanding the market and meeting the growing demand for durable and performance-driven footwear options. For instance, Sealskinz is a well-known brand specializing in waterproof socks and outdoor accessories. They stimulate market growth through continuous innovation in materials and technologies, ensuring high-quality products that meet consumer demands. The top five companies occupied the highest waterproof socks market shares.

List of Market Players Profiled

• DexShell
• Sealskinz
• Showers Pass
• Rocky
• Wigwam Corporation
• Camaro GesmbH
• Randy Sun
• Seavenger
• Neo Sport
• NRS
• Nookie
• Gripgrab
• ArcticDry
• Happy Socks
• Bridgedale Outdoor Ltd
• Okamoto Corporation
• Recreational Equipment, Inc
• Injinji
• Footland Inc
• Lennon Performance Products Ltd
• The Sock Factory
• Northern Diver

Report Coverage

This report defines the waterproof socks market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.