Knitwear for Women Market was valued at USD 20.5 Billion in 2022 and is projected to reach USD 30.8 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The global knitwear market for women has evolved significantly from 2018 to 2022, with increasing demand driven by factors such as changing fashion trends, growing disposable income, and an emphasis on comfort and versatility in women’s clothing. From 2023 to 2033, the demand for women’s knitwear is expected to grow at an even faster pace due to emerging consumer preferences, technological advancements in textile manufacturing, and the ongoing shift toward sustainable fashion.
From 2018 to 2022, the knitwear for women market experienced steady growth, with a particular increase in demand for items like sweaters, cardigans, and dresses. The rise of athleisure and casual wear during the COVID-19 pandemic accelerated this trend as more people looked for comfortable yet stylish options. Additionally, the market saw a strong preference for natural fibers such as wool, cotton, and cashmere, due to their comfort and sustainability. The demand from the North American and European markets dominated during this period, with the Asia Pacific region emerging as a key player in the later years.
The demand for knitwear is expected to continue to rise from 2023 to 2033, driven by several key factors. One of the main drivers is the growing focus on sustainability, with consumers increasingly opting for eco-friendly materials and brands committed to reducing their environmental footprint. Technological advancements, such as 3D knitting and smart textiles, are also expected to shape the market, offering new, innovative products that cater to a variety of needs, including functionality, fashion, and comfort.
Regional trends are expected to shift as emerging markets in Asia and Latin America experience rising disposable incomes and a growing fashion-conscious middle class. These regions are anticipated to see a surge in demand for women’s knitwear, particularly in urban areas. Meanwhile, in established markets like North America and Europe, the demand for luxury knitwear made from premium fibers such as cashmere and merino wool is predicted to increase. Customization and personalized offerings are also likely to gain popularity in these regions.
In terms of product types, sweaters and cardigans are projected to remain the most popular, but dresses, outerwear, and accessories like scarves and hats are also expected to see substantial growth. The increasing popularity of online shopping and the rise of direct-to-consumer brands will further fuel the market expansion, offering customers convenience and a wide range of products at competitive prices.
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Who are the largest Global manufacturers in the Knitwear for Women industry?
- Uniqlo
- H&M
- Under Armour
- Zara
- PUMA
- Lining
- Nike
- Hollister
- Louis Vuitton
- Burberry
- Chanel
- Dior
- Prada
- Adidas
- Carhartt
- The Merchant Fox
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Knitwear for Women Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Knitwear for Women Market
- Online Sales
- Offline Sales
What are the types of Knitwear for Women available in the Market?
Based on Types the Market is categorized into Below types that held the largest Knitwear for Women market share In 2023.
- Jumpers
- Cardigans
- Dresses & Skirts
- Others
Which regions are leading the Global Knitwear for Women Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Knitwear for Women Market Research Report, 2024-2032
1. Introduction of the Global Knitwear for Women Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Knitwear for Women Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Knitwear for Women Market, By Type
6. Global Knitwear for Women Market, By Application
7. Global Knitwear for Women Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Knitwear for Women Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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