Harrisburg, NC -- (SBWIRE) -- 03/03/2019 -- Global Knitwear Market Insights, Forecast to 2025
There has been an increase in awareness about health, especially among the millennial population. Increased participation in activities such as yoga, running, swimming, aerobics, etc. is propelling demand for activewear. Moreover, increasing participation of women in sports activities is driving the global knitwear market.
Innerwear, t-shirts, and shirts hold more than 40.0% of the global knitwear market and are growing at a healthy rate. Innerwear, which is a major product in the knitwear market, has gradually changed from being a basic clothing requirement to a stylized undergarment providing style and comfort. Rise in demand for sensuous, stylish, and premium innerwear is boosting demand for branded innerwear across the globe. Women are major spenders in the innerwear market. Awareness about fashion, media, and health and rise in the number of women spenders with high disposable income are boosting the innerwear segment.
T-shirts is another major product category. There is a rise in demand for T-shirts due to a rise in their formal use such as office wear on Fridays or casual days. Thus innerwear, T-shirts, and shirts are driving the knitwear market across the globe.
The Global Knitwear market is expected to reach US$ 817,402.7Mn by 2025, expanding at a CAGR of 5.6% from 2018 to 2025.
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Top Leading Companies are: Chanel,Dior,Prada,Adidas,Carhartt,Champion,Fox,Gildan,Hanes,Hollister,Nike,Louis Vuitton,Burberry,Pierre Cardin,UA,Zara,PUMA,Lining,361,Uniqlo,H&M
Although the market share of natural fabric is more, blended and synthetic fabric is growing at a faster rate than their natural counterpart. 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, making cotton the king among knitwear fabrics. Knitwear, such as sweaters and jackets, made of silk and blended silk keeps the body warm and is comfortable to wear. Merino wool fabric is used to make knitwear. It is obtained from merino sheep, originating in Spain. Merino knitwear is soft, comfortable, and stylish. Cashmere is another natural fabric used extensively to make knitwear.
Contents of the 15 Chapters for This Knitwear Market Study:-
Chapter 1, to describe Knitwear Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Knitwear , with sales, revenue, and price of Knitwear , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Knitwear, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Knitwear market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Knitwear sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Knitwear Market, by Type:
Jumpers
Tops
Cardigans
Turtlenecks
Dresses & Skirts
Knitwear Market, by End User:
Men's
Women's
Kid's
There is a rising demand for natural, eco-friendly knitwear fabric across the word. For example "Tencel," a natural fabric made from plant, are eco-friendly and are used to manufacture knitwear products. 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. For example, other than traditional natural fabrics such as cotton and wool, there is an increasing usage of plant based fabric such as lyocell. Lyocell fabric is currently branded as "Tencel" in the market which is used to make knitwear. Tencel fabric is biodegradable and eco-friendly with high absorption capacity. Compared to cotton knitwear, tencel knitwear wrinkles less and more easily absorbs body sweat.
Thus, Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel. China, Bangladesh, India, Pakistan, and other South Asian and East Asian countries are major exporters of knitwear products across the globe.
North America imports almost all of its knitwear products from Asia Pacific. Rising demand for branded innerwear from U.S. based brands such as Victoria's Secret is increasing in the U.S. and other North American countries. Demand for sportswear is also rising in North America.
Knitwear is still manufactured in Europe but in lesser quantity. The unit cost to manufacture knitwear is high in the U.K. due to high wages; but many British designers prefer to manufacture in the U.K. due to short lead time and flexibility in minimum order quantity. Although R&D and design of knitwear are majorly done outside Asia Pacific, the dominant knitwear manufacturing is done in China, India, Bangladesh, and Vietnam. The knitwear market is rising in India due to growth in the number of organized knitwear retailers selling branded knitwear products.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Knitwear Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Knitwear Market Carrier and assist manufacturers and investment organization to better grasp the development course of Knitwear Market.
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Important attributes of the report:
The 360-degree Knitwear overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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