Global Knitwear Market Global Trends, Industry Size, Future Scope, Regional Trends, Leading Players, Covid-19 Business Impact, And Forecast 2030

Published: 2024-07-23
Views: 21
Author: falguni mmr
Published in: Business

Knitwear Market Growth or Demand Increase or Decrease for what contains ?

The Knitwear Market has been experiencing notable growth, fueled by several key factors. Rising consumer preference for comfortable and versatile clothing has significantly boosted demand for knitwear products. The increasing trend towards athleisure and casual wear has also contributed to the market's expansion, as knitwear fits well into these categories. Technological advancements in knitting techniques and the use of sustainable and innovative materials have further driven market growth. Additionally, the growing popularity of online shopping has made knitwear more accessible to a broader audience. However, the market also faces challenges such as fluctuating raw material prices and competition from alternative fabrics. Despite these challenges, the overall demand for knitwear is expected to continue its upward trajectory, supported by evolving fashion trends and consumer preferences.

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Knitwear Market CAGR Estimation:

The size of the knitwear market was estimated at US$ 111.59 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.83% to US$ 165.92 billion by 2030.

Knitwear Market Segmentation:

by Type

Innerwear
T-Shirts & Shirts
Sweaters & Jackets
Sweatshirts & Hoodies
Shorts & Trousers
Evening Dresses, Suits, & Leggings
Accessories

by Material

Natural
Synthetic
Blended

by Application

Outerwear
Innerwear
Sportswear
Others

by Consumer Group

Men
Women
Kids

With the largest market share among the Consumer Group's products, Men's is projected to grow at a compound annual growth rate (CAGR) of 6.7% over the projected period. growing use of apparel and players offering more options in the men's market. The Segment centers on the present status of each application as well as its prospects for significant application value, market share, and growth valuation.

by Distribution Channel

Offline
Online

Online is predicted to increase at a compound annual growth rate (CAGR) of 9% during the projection period in terms of distribution channel. Online sales of knitwear products, which are a part of the clothing and fashion industry, have increased. The selling of knitwear products online is rising as a result of the growing penetration of online knitwear sales in emerging economies including Brazil, Russia, India, China, and South Africa (BRICS). Moreover, rising smartphone adoption in developing countries, a growing middle class with more disposable income, a rise in online sales, and the development of cutting-edge e-commerce technologies are all contributing to the demand for knitted products.

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Knitwear Market Growth or Demand in which regions?

The Knitwear Market is witnessing substantial growth across various regions, with notable demand observed in North America, Europe, and Asia-Pacific. In North America, the market is driven by a strong preference for casual and athleisure wear, with a significant portion of consumers opting for comfortable and stylish knitwear. Europe, particularly countries like Italy, the UK, and Germany, remains a key market due to its rich fashion heritage and high demand for premium and sustainable knitwear products. The Asia-Pacific region, especially China and India, is experiencing rapid growth due to rising disposable incomes, increasing urbanization, and a growing middle-class population that is becoming more fashion-conscious. These regions are expected to continue driving the global knitwear market, each contributing uniquely to its overall expansion.

Knitwear Market Scope Methodology:

The competitive landscape of theKnitwear  Market market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in theKnitwear  Market market. The report employed a bottom-up approach to ascertainKnitwear  Market market estimations and growth rates.To gain insights intoKnitwear  Market market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about theKnitwear  Market market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.Both primary and secondary data gathering techniques were employed for theKnitwear  Market r . Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within theKnitwear  Market .

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Knitwear Market Key Players:

1. Adidas AG
2. Gap Inc.
3. Gildan Activewear Inc.
4. Hackett Ltd
5. Abercrombie & Fitch Co.
6. Loro Piana S.P.A.
7. Marks and Spencer Group plc
8. Nike Inc.
9. Puma SE
10.Ralph Lauren Corporation
11.Lactose
12.The Nautical Company Ltd.
13.Fast Retailing Co., Ltd.
14.Victoria’s Secret
15.YOOX NET-A-PORTER GROUP

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Key questions answered in the Knitwear Market are:

• What is Knitwear Market ?
• What is the growth rate of the Knitwear Market ?
• Which are the factors expected to drive the Knitwear Market market growth?
• What are the different segments of the Knitwear  Market ?
• What are the factors restraining the growth of the Knitwear Market ?
• What is the demand pattern of the Knitwear Market ?
• What major challenges could the Knitwear  Market face in the future?

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Key Offerings:

• Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment 
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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