Knitwear Market By Product Type T-Shirts and Shirts, Sweatshirts and Hoodies, Evening Dresses, Suits and Leggings, Innerwear, Sweaters and Jackets, Shorts and Trousers, Accessories Material Type Synthetic, Natural, Blended Application Innerwear, Outerwear, Sportswear, Others Distribution Channel Offline, Online – Global Industry Analysis and Forecast to 2025
Industry Outlook and Trend Analysis
The Knitwear Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. There is an incredible demand for knitted active wear or sportswear over the globe. The active wear or sportswear fragment of the knitwear market is growing at a quick pace, outpacing the general market. For instance, in the U.S., the per capita utilization of active wear or sportswear was 8.2 units in 2010. It has ascended at a significant CAGR in 2017, which is more noteworthy than the development rate of the worldwide knitwear market. There has been an expansion in awareness about wellbeing, particularly among the millennial populace.
Drivers and Restraints
Expanded support in exercises, for example, running, yoga, aerobics, swimming, and so on is driving interest for active wear. Also, expanding number of women participating in sports is driving the worldwide knitwear market. Innerwear, shirts, and t-shirts hold over 40.0% of the worldwide knitwear market and are developing at a solid rate. Innerwear, which is a main product in the knitwear market, has bit by bit changed from being a fundamental dress necessity to adapted underwear giving comfort and style. Increasing demand for stylish, sensuous, and premium innerwear is boosting interest for marked innerwear over the globe.
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Regional Insights
Geographically, North America is the leading regional market owing to rising demand in the region and particularly cold climate trailed by Europe.
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Competitive Analysis
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Gap Inc
Hackett Ltd
Loro Piana S.P.A
Nike Inc
Ralph Lauren Corporation
The Nautical Company UK Ltd
Victoria’s Secret
Adidas AG
Gildan Activewear Inc
Abercrombie and Fitch Co
Marks and Spencer Group plc
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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