Global Knitwear Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2018–2027

“Global Knitwear Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global unified communication market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global knitwear market report has been segmented on the basis of product type, material type, application, consumer group, distribution channel, and region.

Overview:

Knitwear are apparels made of knitted fabric that can be worn as daily wear outfits, seasonal wear, and as sportswear. Increasing awareness regarding healthy lifestyle, and rising disposable income is propelling growth of the global knitwear market over the forecast period.

Market Dynamics:

Global knitwear market is mainly driven by growing inclination towards healthy lifestyle, availability variety of products, and increasing disposable income. Increasing participation of young population in various sports activities such as yoga, swimming, running, aerobics, etc., is another factor propelling growth of the global knitwear market. In addition, inclination towards luxurious lifestyle is generating demand for branded knitwear. Increasing awareness towards use of biodegradable products, owing to increasing demand for natural fiber-made knitwear. Various manufacturers sell their products through various distribution channels such as speciality stores, departmental stores, franchise stores, and online stores, giving ample variety for customers. Moreover, increasing penetration on e-commerce industry is also expected to further fuel growth of the global knitwear market. However, knitwear market is highly fragmented, since lower income population tends to buy products from local market, instead of purchasing luxurious and branded knitwear, which leads to a robust competition for major market share. In addition, production cost is comparatively high in developed economies, thereby resulting in high end product cost which is expected to limit growth of the global knitwear market to a certain extent.

Regional Insights:

Market in Asia Pacific is expected to grow significantly, owing to strong presence of major manufacturers in the region. Major knitwear manufacturers prefer emerging countries such as India China, South Korea, etc. owing to low cost of production and lower labour cost. Growing trend of using knitwear as fashion apparel, particularly in younger population is expected to further augment growth of the target market in the region.  Rising penetration of e-commerce industry in countries in the region, is also expected to provide lucrative opportunities to manufacturers in the market.

Market in Europe is expected to register considerable, growth owing to increasing awareness towards healthy lifestyle in countries in the region, especially among millennial population. In addition, increasing disposable income, changing trends in fashion industry are fuelling growth of the target market. The Europe region is mostly cold, which is also expected to increase demand for seasonal outfits, such as sweaters, hoodies, etc., which is expected to further augment growth of the market in the region. Markets in North America, Latin America, and Middle East and Africa are expected to witness a moderate growth in the global knitwear market.

Segmentation and Key Players Operating in Global Knitwear Market:

Segmentation by product type:

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

Segmentation by material type:

• Natural
• Synthetic
• Blended

Segmentation by application:

• Outerwear
• Innerwear
• Sportswear
• Others (Nightwear, Maternity Wear)

Segmentation by consumer group:

• Men
• Women
• Kids

Segmentation by distribution channel:

• Online
• Offline

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa