Knitwear Market Segmentation: Based on material type, the global knitwear market has been segmented into natural, synthetic, and blended.

The natural segment gained the highest market share in 2017 owing to the versatile, cozy, anti-wrinkle, high absorption capacity, and warm nature of natural fabrics such as cotton, silk, and wool. However, the blended segment is expected to register a higher growth rate during the forecast period owing to the mixed properties offered by blended fabrics. Blended fabric material provides comfort, coziness, elasticity, durability and is easy to work upon.

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.

Market Overview:

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 e-commerce 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.

Technological advancements in knitting has propelled the market players to adopt electrical knitting machines over mechanical knitting machines. Electrical knitting machines offer the advantage of quick production of large volume of knitwear, which helps in lowering the overall production cost. Moreover, the advent of advanced techniques such as digital printing, inkjet printing, burn-outs, glossy foil prints, and flocking have led to a cut-throat competition among the market players.

Published On : 11-04-2019

Source : Market Research Gazette