Knitted Fabrics Market Research Report: Cagr Status, Industry Growth, Trends, Analysis And Forecasts To 2022

Knitted Fabrics Market - By Type (Dyed Synthetic Fibres, Pile Fabrics, Elastomeric Yarn, Warp Knit, Cotton Dyed, Synthetic Fibres Printed, Artificial Fibres Dyed, Lace And Others), And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global knitted fabrics market reached a value of nearly $55.8 billion in 2018, having grown at 2.1% since 2014. Growth in the historic period resulted from growth in the apparel manufacturing industry, the increase in demand for knitted footwear, and technological advances in the industry. Factors that negatively affected growth in the historic period were the rise in cotton prices, uncertain apparel demand, and the rise in inventory levels.

The Key drivers of the knitted fabrics market include:-
The knitted fabrics market was mainly driven by the growth in the apparel manufacturing industry. The apparel manufacturing industry is a major end-user of knitted and crocheted fabrics. The global apparel manufacturing market grew from $684.6 billion in 2017 to $758.7 billion in 2018. The growth in the apparel manufacturing market attributed to demand from young consumers, their spending on clothes and high disposable income, increased the demand for knitted fabrics, had a positive impact on the global knitted fabrics market during 2014-2018.

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Knitted Fabrics Market Segmentation:-
By Material Type
1. Synthetic Fibres, Dyed
2. Pile Fabrics
3. Elastomeric Yarn
4. Cotton, Dyed
5. Synthetic Fibres, Printed
6. Artificial Fibres, Dyed
7. Lace
8. Others

Synthetic Fibres, Dyed was the largest segment in the global knitted fabrics market at 19.3% of the market and was worth about $10.8 billion. This can be attributed to the large-scale use of knitted fabrics made of dyed synthetic fibres in apparels.

By End-User
1. Fashion & Clothing
2. Technical
3. Household

Fashion & clothing was the largest segment and also the fastest growing segment of the knitted fabrics market by type of end-user in 2018. The market size is mainly attributed to high demand for knitted footwear, adoption of sportswear and casualwear globally and high popularity of knitwear among the millennial population.

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By Geography - The knitted fabrics market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the knitted fabrics market are
1. Shenzhou International Holdings Limited
2. Toray Industries Inc.
3. Pacific Textiles
4. Teejay Lanka
5. Fakir Group

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

This release was published on openPR.