Future Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global Waterproof Socks Market Global Industry Analysis, Forecast.
According to Future Market Insights (FMI’s) most recent statistics, the waterproof sock market is expected to reach USD 33.9 million by 2027, at a CAGR of 3.3% from 2013 to 2021, from an anticipated USD 28.0 million in 2022.
Long-term agreements with public and private firms are anticipated to support the growth of company revenues, and industry innovation will make it possible for providers of social employee identification systems to connect with new prospective clients in developing markets. These elements are anticipated to contribute to the global market for social employee recognition systems seeing phenomenal growth over the following few years.
To generate various Waterproof Socks Market projections and predictions at both the national and international levels, the research team at Future Market Insights is concentrating on research and market studies. To appraise and generate trustworthy and enlightening insights on the Waterproof Socks Market, they took into account several pieces of industry-related information, including market data and merger estimations.
2013-2021 Global Waterproof Socks Market Outlook Compared to 2022-2027 Forecast
Target consumers are becoming more and more interested in waterproof socks, particularly those who engage in activities like hiking, swimming, cycling, winter sports, etc. A brand-new category of socks called waterproof socks was created to satisfy the needs of consumers working in the adventure and sporting goods sectors.
Because they are naturally anti-bacterial, waterproof socks are also regarded as sanitary consumer items. One can get several illnesses, most of which are brought on by dangerous germs and viruses. Therefore, the majority of medical specialists advise patients to wear waterproof socks. In general, wearing waterproof socks when participating in outdoor or extracurricular activities helps keep germs from getting on the feet.