Knitwear Market 2019 Global Share, Emerging Size, Trends and Regional Forecast to 2023
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Knitwear Market 2019 Knitwear Market 2019: Global Share, Emerging Size, Trends and Regional Forecast to 2023 The clothes manufactured through knitting wool or other fabrics are commonly known as knitwear. The major determinant fueling the growth of global knitwear market is the surging penetration of ecommerce platform in the sales of knitwear. Countries such as Russia, China, India, Brazil, and South Africa are mainly witnessing a surging demand for knitwear through online retail channel. The global knitwear market has been segregated, by category, into men, women, and kids. The women’s segment is expected to dominate the global knitwear market during the assessment period as a major demand of apparels is from the women’s category. Moreover, knitwear for women are available in a wide variety of designs and patterns. The same segment is anticipated to witness a higher CAGR during forecast period due to higher awareness among women regarding changing fashion trends and their willingness to buy new apparels. The global market for knitwear has also been classified, by end-use, as innerwear and outerwear. The outerwear segment is expected to dominate the market due to the availability of different formats of outwear knitwear. In addition, the rate of wear and tare of outerwear is high as compared to innerwear, which in turn is surging the sales of outerwear segment.
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Knitwear Market 2019 Segmental Analysis The global knitwear market has been segmented by material type, category, end-use, and distribution channel. By material type, the global knitwear market has been classified as natural, synthetic, and blended. On the basis of category, the global knitwear market has been divided into men, women, and kids. The global knitwear market has also been segregated, on the basis of end-use, into innerwear, and outerwear. The distribution channel segment has been divided into store based and non-store based.
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Knitwear Market 2019 Major Players in this Research: Key Players for Knitwear Market: • Adidas AG (Germany), • Gildan Activewear Inc. (Canada), • Loro Piana S.p.A. (Italy), • Puma SE (Germany), • Ralph Lauren Corporation (the US), • The Nautical Company (UK) Ltd (UK), • Victoria's Secret (the US), • Maglificio Ripa S.p.a (Italy), • LENZING AG (Austria), • Ecowool (New Zealand), • Sana Hastakala (P) Ltd. (Nepal)
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Knitwear Market 2019 Regional Market Analysis Asia-Pacific is anticipated to register the highest CAGR in global knitwear market during the forecast period. The region is emerging as a promising market for knitwear due to the outsourcing of majority of production operations to Asia-Pacific countries including India, Bangladesh, and China. North America is expected to dominate the market for knitwear during the assessment period due to presence of major market players in the region. However, the region is expected to lose its dominance to Asia-Pacific during the upcoming years. The region is expected to reach its market saturation level, which is propelling the market players to diversify their presence in the Asia-Pacific region. Europe is also anticipated to garner a significant share in the global knitwear market due to the increasing preferences of consumers towards premium knitwear brands. Other regions such as South America and South Africa are also expected to contribute significantly in the growth of knitwear market owing to the surging penetration of online retail channels in the sales of knitwear in these regions.
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