Global Knitwear Market

Global Knitwear Market (product type (innerwear, t-shirts and shirts, sweaters and jackets, sweatshirts and hoodies, shorts and trousers, evening dresses, suits and leggings, accessories) by material type (natural, synthetic and blended) by application (outerwear, innerwear, sportswear) by consumer group (men, women, kids) by distribution channel (online and offline stores.)- by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) –is expected to reach US$ 817.4 Bn by 2026, at a CAGR of 5.81% during a forecast period.

The major driving factor of knitwear market are awareness about fashion, media, and health and rise in the number of women spenders with high disposable income are boosting the knitwear market. Additionally, increased participation in activities such as yoga, running, swimming, aerobics, etc. is propelling demand for knitwear market. Moreover, increasing participation of women in sports activities is driving the global knitwear market.

Innerwear, T-shirts, and shirts are driving the knitwear market across the globe.

Innerwear is a major product in the knitwear market, is gradually changed from being a basic clothing requirement to a stylized undergarment providing style and comfort. Rise in demand for luxurious, stylish, and premium innerwear is boosting demand for branded innerwear across the globe. Women are major spenders in the innerwear market. T-shirts is another major product category. There is a rise in demand for T-shirts due to a rise in their formal use such as office wear on Fridays or casual days. Thus innerwear, T-shirts, and shirts are driving the knitwear market across the globe

Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel.

Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel. China, Bangladesh, India, Pakistan, and other South Asian and East Asian countries are major exporters of knitwear products across the globe. The knitwear market is rising in India due to growth in the number of organized knitwear retailers selling branded knitwear products.

Key players operating in the global Knitwear Market are 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, Ralph Lauren Corporation, Lactose, The Nautical Company (UK) Ltd., Fast Retailing Co., Ltd., Victoria’s Secret, and YOOX NET-A-PORTER GROUP.

Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global knitwear market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global knitwear market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global knitwear market positioning of competitors.

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