Global Knitwear Market By Product Overview
Knitwear Market was valued at US$ 899.1 Billion in 2024 and is projected to grow at a CAGR of 11.50% to reach US$ 2426.9 Billion by 2034.
Knitwear are apparels that can be worn as daily wear outfits, seasonal wear, and as sportswear made of knitted fabric. Growing awareness regarding healthy lifestyle and increasing disposable income is driving growth of the global knitwear market. In addition, rising participation of young population in various sports activities such as swimming, yoga, running, aerobics, etc., is another factor boosting growth of the global knitwear market. Growing awareness towards use of biodegradable products due to rising demand for natural fiber-made knitwear which in turn is expected to boost growth of the global market over the forecast period. However, lower income population buy products from local market, instead of purchasing luxurious and branded knitwear, which leads to a robust competition for major market share. According to data published by Global Garment Industry Factsheet in 2015, the world’s women’s wear industry worth US$ 621 billion in 2014. The men’s wear industry worth US$ 402 billion and children’s wear industry worth US$ 186 billion in 2014.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The global knitwear market report segments the market on the basis of product type, material type, application, consumer group, distribution channel and region.
The report expected to answer various target market related questions and offers insights on:
- Definition, description, overview of market growth influencing factors, and forecast for the target market
- Scope for related market in the forecast period
- Analysis and outcome for the global knitwear market by segment and region followed by countries
- Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
- Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
- Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
- Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
- PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Key players in the global knitwear market includes, Adidas AG, Gap Inc., Gildan Activewear Inc., Hackett Ltd, Abercrombie & Fitch Co., Loro Piana S.P.A., Marks and Spencer Group plc, Nike Inc., Puma SE, and Ralph Lauren Corporation.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
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