The global knitted fabrics market is estimated to be worth US$ 27.99 billion in 2023. Demand for knitted fabrics is forecasted to rise at a 5.1% CAGR and reach US$ 46.03 billion by the end of 2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Knitted Fabrics market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Knitted Fabrics market.
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Key findings of the Knitted Fabrics market study:
- Regional breakdown of the Knitted Fabrics market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Knitted Fabrics vendors in detail.
- Region-wise and country-wise fragmentation of the Knitted Fabrics market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Knitted Fabrics market.
Growth Drivers:
- Increasing Demand for Comfortable Clothing: Knitted fabrics are known for their stretchability and comfort, making them a preferred choice for clothing manufacturers. The rising demand for comfortable apparel contributes to the market’s growth.
- Fashion Trends and Style Preferences: Fashion trends often favor knitted fabrics due to their versatility in creating various styles and designs. Consumer preferences for stylish and trendy clothing drive the market.
- Athleisure and Sportswear Market: The booming athleisure and sportswear market heavily relies on knitted fabrics. As more people engage in sports and fitness activities, the demand for sportswear made from knitted fabrics grows.
- Sustainability and Eco-Friendly Practices: The shift toward sustainable and eco-friendly textiles benefits knitted fabrics made from organic or recycled materials. Consumers and brands looking for sustainable options drive the market’s growth.
- Technical Advancements: Technological advancements in knitting machinery and techniques have improved the quality and variety of knitted fabrics, expanding their applications in various industries, including automotive and healthcare.
- Online Retail and E-commerce: The proliferation of online retail and e-commerce platforms has made it easier for consumers to access a wide range of knitted fabric products, boosting market growth.
- Customization and Personalization: Consumers increasingly seek customized and personalized clothing items. Knitted fabrics can be easily customized, catering to this growing demand.
- Emerging Markets: Emerging economies with a growing middle class and increasing disposable income levels contribute to the expansion of the knitted fabrics market.
- Health and Hygiene Applications: Knitted fabrics find applications in healthcare and hygiene products, such as compression garments, wound dressings, and medical textiles, which are in demand due to an aging population and health concerns.
- COVID-19 Impact: During the COVID-19 pandemic, the demand for knitted fabrics surged for making face masks, personal protective equipment (PPE), and other medical textiles, driving market growth.
- Innovative Fabrics: The development of innovative knitted fabrics with properties like moisture-wicking, UV protection, and antimicrobial capabilities attracts consumers in various sectors, from activewear to outdoor gear.
- Global Supply Chain Dynamics: The integration of global supply chains and outsourcing of textile production to countries with cost-effective labor and resources play a significant role in market growth.
Key Companies Profiled
- BSL Limited
- INVISTA S.R.L.
- Paulo de Oliveira S.A.
- Successor REDA S.p.A.
- Sinopec Yizheng Chemical Fiber Company Ltd.
- Rhodia SA
- Lu Thai Textile Co. Ltd.
- China Textiles Ltd.
- Li & Fung Group
- JCT Limited
- Mayor Suitings Ltd.
- Paramount Textile Mills Ltd.
- Modern Woollens Ltd.
- Shandong Jining Ruyi Woolen Textile Co. Ltd.
Segmentation of Knitted Fabrics Industry Research
- By Fabric :
- Weft-Knitted
- Warp-Knitted
- By Application :
- Clothing
- Civil Engineering
- Aerospace
- Automotive
- Construction
- Medical
- Agricultural
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Queries addressed in the Knitted Fabrics market report:
- Why are the Knitted Fabrics market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Knitted Fabrics market?
- Which regions are displaying the fastest growth in the Knitted Fabrics market?
- What are the underlying micro- macroeconomic factors affecting the global Knitted Fabrics market?
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