Knitwear Market, Global Industry Trends, Demand and Regional Forecast till 2027

Market Overview

Increasing access to recycled cotton mix yarn, manmade & synthetic yarns, and blends with low MOQ & quick turnaround time is likely to boost the market growth. Also, favorable government policies push the growth of the market, fostering the production and exports in their country. Besides, funding support from public and private sectors for R&D to drive technology upgrades increase the size of the market.

Additionally, factors such as the briskly growing e-commerce industry and increasing industrialization across the world drive the growth of the Knitwear market. On the other hand, price volatility in a number of chemical compounds, including dyes & salt used in the knitwear market industries, is a major factor impeding the growth of the market. Nevertheless, rising numbers of clothing line launches would support market growth throughout the assessment period.

Key Players

Players leading the global Knitwear market include Gildan Activewear Inc. (Canada), Adidas AG (Germany), Loro Piana S.p.A. (Italy), Ralph Lauren Corporation (the US), Puma SE (Germany), The Nautical Company (UK) Ltd. (UK), Maglificio Ripa S.p.a (Italy), Victoria's Secret (the US), LENZING AG (Austria), Sana Hastakala (P) Ltd. (Nepal), and Ecowool (New Zealand), among others.

Market Segmentation:

The report has five segments for a better understanding,

By Material Type                                : Natural, Synthetic, and Blended.

By Category                            : Men, Women, and Kids.

By End-Use                              : Innerwear and Outerwear.

By Distribution Channel          : Store based and Non-store based.

By Regions                                          : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.

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 Regional Analysis

Asia Pacific dominates the global Knitwear market, witnessing the rising demand. The largest market growth attributes to the increasing awareness among customers regarding the changing fashion trends and rises in per capita disposable income. Moreover, the growing trend of outsourcing production operations to APAC countries is fuelling the regions Knitwear market growth. Also, lucrative incentives, such as the increased limit of foreign currency loans for knitwear manufacturers and exporters, foster the regional market growth.

Besides, funding support from public and private sectors in the region for R&D to drive technology upgrades support the market growth. Additionally, factors such as the briskly growing e-commerce industry in the region, alongside the increasing industrialization in developing economies, take the Knitwear market forward. Heading with the heightened demand from major fashion markets, the APAC knitwear market is expected to retain its dominance throughout the forecast period.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.