Knitwear Market to Reach USD 165.92 Bn by 2030, Growing at 5.83% CAGR

Knitwear Market Overview

The total global market for the “ Knitwear Market” was valued at USD in 2023 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2030. The report analyzed by Maximize Market Research, on the Knitwear market, covers an extensive regional analysis and competitive landscape.

Many articles of clothing are made by knitting together threads, such as wool or other fibres, to create fabric. One type of clothing that is appropriate for daily wear is knitwear. These materials are also utilised to make sports and seasonal clothing. For both men and women, knitwear has become an essential piece of clothing. On e-commerce sites, knitwear comes in a variety of styles that go well with any ensemble.

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Knitwear Market Report Scope and Research Methodology

The market is growing due to a number of factors, including people’s increasing disposable income, the availability of a wide range of products, the popularity of sports like running, yoga, aerobics, and swimming, and the growing demand for products made of natural fibres. However, the rise of e-commerce and the presence of multiple manufacturers will increase the opportunities for the knitwear market to flourish.

With the increasing use of cellphones and the internet, consumer interest in e-commerce and online purchasing has increased. High-end firms now have the opportunity to grow since their entire assortment of clothing goods may be found on online marketplaces. This promotes fresh entrants into the market and offers brands cutting-edge competition.

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Knitwear Market Regional Insights

Regional analysis is conducted to assess the status of the Knitwear market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Knitwear market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.

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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 centres 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.

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 ?
What was the Knitwear market size in ?
What is the growth rate of the Knitwear Market?
Which are the factors expected to drive the Knitwear market growth?
What are the different segments of the Knitwear Market?
What growth strategies are the players considering to increase their presence in Knitwear ?
What are the upcoming industry applications and trends for the Knitwear Market?
What segments are covered in the Knitwear Market?
Who are the leading companies and what are their portfolios in Knitwear Market?
What segments are covered in the Knitwear Market?
Who are the key players in the Knitwear market?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by Different Segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market 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
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
Recommendations

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