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.
Market DynamicsGlobal COVID-19 Impact on Knitwear Market is a comprehensive research report that offers a detailed overview of the industry.
The report covers the COVID-19 analysis on the global knitwear market and provides a thorough overview of market segments, current trends, growth forecasts, and market challenges from 2020 to 2023 (forecast period) to identify potential business opportunities.Apparels manufactured by knitting or knitting fabrics are known as knitwear.
The global knitwear market is highly divided by the involvement of many regional and domestic players.
Vendors are taking aggressive pricing as their core tactic to achieve a competitive advantage.
Intense rivalry on the market has led companies to sell multi-packed goods at lower prices relative to competitors’ costs.The global market for knitwear is driven mainly by a growing tendency towards a healthy lifestyle, the availability of a variety of products, and an increase in disposable income.
Tencel, for example, is a biodegradable fabric that is gaining interest in the global knitwear industry as it is eco-friendly and provides a high absorbing ability with anti-wrinkle properties.Get Free Sample Copy of “Knitwear Market” @ https://www.marketresearchfuture.com/sample_request/6795Various manufacturers market their products across different distribution channels, like specialty stores, department stores, franchise stores, and online retailers, offering consumers a wide range of items.
