Knitwear Market size was valued at US$ 105.45 Bn. in 2023 and it is expected to reach US$ 156.80 Bn. by 2029, at a CAGR of 5.83% through out the forecast period.
Knitwear Market Overview
Knitwear Market Research Report includes the current state of the market in terms of the definitions, classifications, applications, and industry chain structure. The report provides unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. The Knitwear Market report also gives information on the leading businesses functioning in the Knitwear industry’s, strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research.
Knitwear Market Scope
The report also highlights the latest developments and cutting-edge technologies in the global Knitwear Market. It provides detailed insights into the market, including market shares, supply chain analysis, and key success factors. The Maximize Market Research report offers a comprehensive and dynamic analysis of the Knitwear Market, utilizing a rigorous research methodology. It covers major growth drivers, market dynamics, challenges, and scope, along with conducting PESTAL, PORTER, and SWOT analyses. The report’s conclusion features opinions from industry experts representing top-leading organizations in the global Knitwear Market. The report covers a time span from 2018 to 2029, including historical data from 2018 to 2023, the base year as 2022, and an estimated year of 2023, while forecasting for the period from 2023 to 2029.
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Segmentation
1. Global Knitwear Market Size, by Type (2023-2029)
• Innerwear
• T-Shirts & Shirts
• Sweaters & Jackets
• Sweatshirts & Hoodies
• Shorts & Trousers
• Evening Dresses, Suits, & Leggings
• Accessories
2. Global Knitwear Market Size, by Material (2023-2029)
• Natural
• Synthetic
• Blended
3. Global Knitwear Market Size, by Application (2023-2029)
• Outerwear
• Innerwear
• Sportswear
• Others
4. Global Knitwear Market Size, by Consumer Group (2023-2029)
• Men
• Women
• Kids
The Men’s component, which currently holds the largest market share, is anticipated to grow at a CAGR of 6.7% over the course of the projected period. utilization of apparel has increased, and players are offering more options for the male market. The segment focuses on the existing standing and potential for significant application value, market share, and growing valuation for each application.
5. Global Knitwear Market Size, by Distribution Channel (2023-2029)
• Offline
• Online
Through the projection period, the online segment is anticipated to develop at a CAGR of 9%. Online sales of knitwear items, which are a part of the fashion and garment industry, have increased. Knitwear is increasingly being sold online (BRICS) due to the growing popularity of online knitwear sales in developing nations including Brazil, Russia, India, China, and South Africa. Additionally, a growth in smartphone penetration throughout emerging economies, an expansion in the middle-class population with more discretionary purchasing, and innovative and advanced e-commerce technology are all driving demand for knitwear items.
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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Regional Analysis
The report covers all the emerging trends, population growth, as well as government strategies and regulations related to the market. In the conclusion part, regional insights provide historical and forecasted data for all economies, showcasing their impact on the market. The report offers statistical data on the market growth for each influential economy worldwide in the Knitwear industry. It takes into account various countries, including North America, Asia-Pacific, Europe, Latin America, and MEA, during its preparation.
Key Questions answered in the Knitwear Market Report are:
- What is Knitwear Market?
- What is the forecast period of the Knitwear Market?
- What is the competitive scenario of the Knitwear Market?
- Which region held the largest market share in the Knitwear Market?
- What are the opportunities for the Knitwear Market?
- What are the restraining factors in the Knitwear Market?
- Who are the key players of the Knitwear Market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by KnitwearMarket
- Landscape- Leading key players and other prominent key players.
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