Press release
Global Knitwear Market, valued at USD 105.45 Bn in 2022, is projected to experience significant growth, reaching USD 156.80 Bn by 2029
Knitwear Market
Knitwear refers to apparel made by knitting together threads of wool or other fibers. It is widely used for everyday wear and is also popular for seasonal and athletic apparel. Knitwear has become a wardrobe staple for both men and women, offering a wide range of styles that can be worn with various outfits. The market is driven by factors such as increasing disposable income, availability of diverse product varieties, growing participation in sports activities, and rising demand for products made from natural fibers. However, challenges exist in the form of a highly fragmented market, competition from local brands, and the risk of counterfeit products.
The objective of the report is to provide a comprehensive analysis of the global Knitwear Market, catering to the needs of industry stakeholders. The report presents the past and current industry status, forecasted market size, and trends in a clear and concise manner. It includes a detailed study of key players, including market leaders, followers, and new entrants. The report utilizes PORTER and PESTEL analysis to evaluate the potential impact of micro-economic factors on the market. It offers a clear futuristic view of the industry to decision-makers, considering both external and internal factors. Additionally, the report provides insights into market dynamics, structure, and competitive analysis of key players, serving as an investor's guide.
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What are Knitwear Market Dynamics:
The knitwear market is propelled by the rising disposable income of consumers, availability of a wide range of product options, increasing participation in sports activities, and growing demand for natural fiber-based products. The expansion of the e-commerce industry and the presence of numerous manufacturers offer various opportunities for market growth. However, the highly fragmented nature of the market, preference for local producers, and the risk of counterfeit products pose challenges to overall market growth.
Knitwear Market Regional Insights:
North America is the second-largest market for knitwear globally, driven by an extended winter season and high demand for warm apparel. The presence of prominent designer labels in the United States contributes to the expansion of the knitwear business in the region. The Asia-Pacific region, including China, Japan, India, Australia, and South Korea, is expected to grow at a CAGR of 7.2 Percent during the forecast period. Developing countries in this region offer a promising future for the knitwear market due to increasing per capita income and fashion awareness. These countries also provide cost-effective clothing and accessory production, making them attractive outsourcing destinations for global brands.
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What is 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
By Distribution Channel:
Offline
Online
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Who are Knitwear Market Key Players:
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
Table of content for the Knitwear Market includes:
Global Knitwear: Research Methodology
Global Knitwear Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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Global Knitwear Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Knitwear Market Segmentation
Global Market, by Type (2022-2029)
Global Market, by Material (2022-2029)
Global Market, by Application (2022-2029)
Global Market, by Consumer Group (2022-2029)
Global Market, by Distribution Channel (2022-2029)
Regional Knitwear Market (2022-2029)
Regional Market, by Type (2022-2029)
Regional Market, by Material (2022-2029)
Regional Market, by Application (2022-2029)
Regional Market, by Consumer Group (2022-2029)
Regional Market, by Distribution Channel (2022-2029)
Regional Market, by Country (2022-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Type, Material, Application, Consumer Group and Distribution Channel
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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