Global Knitwear Market – Global Industry Analysis and Forecast

Posted by Bhaskar Shirke on December 24th, 2019

Global Knitwear Market was valued US$ 550.32 Bn in 2018 and is expected to reach US$ XX  Bn by 2026, at a CAGR of XX % during a forecast period.

The knitwear market is majorly segmented into product type, material type, application, consumer group, distribution channel, and region.

Further, knitwear market based on product type includes innerwear, t-shirts and shirts, sweaters and jackets, sweatshirts and hoodies, shorts and trousers, evening dresses, suits and leggings, accessories. Knitwear market in terms of material type is classified into natural, synthetic and blended. Based on knitwear market, application segment is divided into outerwear, innerwear, sportswear, and others. Men, women, and kids are segmented under consumer group segment. Further, knitwear market based on distribution channel includes online and offline stores.

Based on regions, the global knitwear market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.

Global Knitwear Market, by Material Type

In terms of product type, Innerwear, t-shirts, and shirts hold more global knitwear market and are growing at a healthy rate. Innerwear is a major product in the knitwear market, is gradually changed from being a basic clothing requirement to a stylized undergarment providing style and comfort. Rise in demand for luxurious, stylish, and premium innerwear is boosting demand for branded innerwear across the globe.

In terms of material type, in the global knitwear market, a major portion of knitted apparel is made from natural fibers such as cotton, silk, and wool. Knitwear made of cotton is cozy, warm, and versatile in nature. Sweaters and jackets, made of silk and blended silk keeps the body warm and is comfortable to wear. There is a rising demand to use natural fabric to manufacture knitwear due to their anti-wrinkle, high absorption capacity; besides they are biodegradable and eco-friendly in nature.

In terms of distribution channel, the sale of knitwear products through the online channel is rising due to increasing penetration of online knitwear sale in emerging economies such as Brazil, Russia, India, China, and South Africa.

The major driving factor of knitwear market are awareness about fashion, media, and health and rise in the number of women spenders with high disposable income are boosting the knitwear market. Additionally, increased participation in activities such as yoga, running, swimming, aerobics, etc. is propelling demand for knitwear market. Moreover, increasing participation of women in sports activities is driving the global knitwear market.

Key players operating in the global Knitwear Market are Adidas AG, Gap Inc., Gildan Activewear Inc., Hackett Ltd, Abercrombie & Fitch Co., Loro Piana S.P.A., Marks and Spencer Group plc, Nike Inc., Puma SE, Ralph Lauren Corporation, Lactose, The Nautical Company (UK) Ltd., Fast Retailing Co., Ltd., Victoria’s Secret, and YOOX NET-A-PORTER GROUP.

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Scope of the Global Knitwear Market:

Global Knitwear Market, by Product Type

• Innerwear

• T-Shirts & Shirts

• Sweaters & Jackets

• Sweatshirts & Hoodies

• Shorts & Trousers

• Evening Dresses, Suits, & Leggings

• Accessories

Global Knitwear Market, by Material Type

• Natural

• Synthetic

• Blended

Global Knitwear Market, by Application

• Outerwear

• Innerwear

• Sportswear

• Others

Global Knitwear Market by Consumer group:

• Men

• Women

• Kids

Global Knitwear Market by Distribution Channel:

• Online Stores

• Offline Stores

Global Knitwear Market, by Region

• North America

• Europe

• Middle East & Africa

• Asia Pacific

• Latin America

Key players operated in Global Knitwear Market:

• Adidas AG

• Gap Inc.

• Gildan Activewear Inc.

• Hackett Ltd

• Abercrombie & Fitch Co.

• Loro Piana S.P.A.

• Marks and Spencer Group plc

• Nike Inc.

• Puma SE

• Ralph Lauren Corporation

• Lactose

• The Nautical Company Ltd.

• Fast Retailing Co., Ltd.

• Victoria’s Secret

• YOOX NET-A-PORTER GROUP.

This Report Is Submitted By : Maximize Market Research Company

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