Knitwear Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Knitwear is clothing made of knitted fabric. These knitted fabrics are produced by interweaving yarns. Knitwear is gaining high popularity amongst millions of people owing to its properties such as elasticity, softness, flexibility, shine, fitting, etc. Knitwear is extensively used during the winter season because these clothes provide extra warmth. Moreover, they are comfortable, wrinkle-resistant, and require low maintenance which make them travel friendly.

MARKET DYNAMICS

Rising spending capacity of people across the globe and availability of variety of products are the key factors driving the growth of knitwear market. Moreover, rising interest of people in sports and recreational activities such as running, swimming, aerobics, yoga, etc., is also contributing to the product demand. Furthermore, rising demand for knitwear produced using natural fabrics and growth of organized retail sector are some of the crucial factors anticipated to further propel the market growth during the forecast period. However, factors such as growing competition from local manufacturers and high product price are expected to hinder the market growth.

MARKET SCOPE

The "Global Knitwear Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the knitwear market with detailed market segmentation by product type, fabric type, end user, and distribution channel. The global knitwear market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading knitwear market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global knitwear market is segmented into product type, fabric type, end user, and distribution channel. By product type, the knitwear market is bifurcated into sweaters, jackets, cardigans, caps, and others. By fabric type, the knitwear market is bifurcated into natural, synthetic, and blended. By end user, the knitwear market is bifurcated into men, women, and children. By distribution channel, the knitwear market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global knitwear market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The knitwear market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the knitwear market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the knitwear market in these regions.

MARKET PLAYERS

The report covers vital developments in the knitwear market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the knitwear market are anticipated to lucrative growth opportunities in the future with the rising demand for knitwear in the global market. Below mentioned is the list of few companies engaged in the knitwear market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the knitwear market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Adidas AG
  
•   Gap Inc.
  
•   Missoni
  
•   Hackett Ltd
  
•   Abercrombie & Fitch Co.
  
•   Loro Piana S.P.A.
  
•   Marks and Spencer Group Plc.
  
•   Nike Inc.
  
•   Puma SE
  
•   Ralph Lauren Corporation
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Knitwear Report Scope