About Knitwear
Knitwear is the type of apparels which are made up of knitted fabric which can be easily worn for daily wear attires, occasionally wear and as sportswear. This knitwear comes in a different color, size, and material which are best for easy to go. Rising awareness about the new trends of knitwear coupled with rising disposable income of the consumer will be driving the knitwear market in the forecasted year.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States, United Kingdom, France Vendors will contribute the maximum growth to Global Knitwear market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chanel (France), Dior (France), Prada (Italy), Adidas (Germany), Carhartt (United States), Champion (United States), Gildan (Canada), Hanes (United States), Hollister (United States) and Nike (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Louis Vuitton (France), Burberry (United Kingdom), Zara (Spain), PUMA (Germany) and Lining (China).
Segmentation Overview
AMA Research has segmented the market of Global Knitwear market by Type (Jumpers, Tops, Cardigans, Turtlenecks, Dresses & Skirts and Jumpers, Tops, Cardigans, Turtlenecks, Dresses & Skirts)), Application (Outerwear, Innerwear, Sportswear and Others) and Region.
On the basis of geography, the market of Knitwear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Consumer Group, the sub-segment i.e. Men will boost the Knitwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Knitwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Natural will boost the Knitwear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Natural Fiber-Made Knitwear and Adoption of E-Commerce Sales
Market Growth Drivers:
The Rise in Demand for Knitwear Products Globally, Increasing Disposable Income among the Consumers Coupled with Different Availability of Products and Rising Demand for Natural, Eco-Friendly Knitwear Fabric across the Word
Challenges:
Concern Related to the Counterfeit Products and Issue Related To Quality of the Fabrics
Restraints:
High Production Cost of Knitwear and Availability of Local Player in Market
Opportunities:
Growing Interest among People about Participation in Activities Such As Yoga, Running, Swimming, Aerobics in Emerging Nations and Rise in Demand for Sensuous, Stylish, and Premium Innerwear in both Developing and Developed Nations
Market Leaders and their expansionary development strategies
In October 2023, The Coisne et Lambert Group, which includes brands such as Klopman International and TDV Industries, has announced the acquisition of Infinity Group, a move that will give it a major foothold in the technical knitwear sector.
In November 2023, A Ballard woman has launched a new knitwear brand called Command Knitwear. Christine Dennett founded Command Knitwear after researching materials and processes that “leave a lighter footprint on the world.” Dennett told My Ballard that she uses 100% American wool sourced from Climate Beneficial ranches in Northern California.
Key Target Audience
Manufacturers, Suppliers and Distributors, End Users, Market Research Firms, Government Institutions, Industry associations and experts and Research organizations and consulting companies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.