Market Research Future (MRFR) has published on the “Global Knitted Underwear Market”.
The Knitted Underwear market is estimated to register a CAGR of 5.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Knitted Underwear market— Hanesbrands Inc, Adidas, Calvin Klein, Fruit of the Loom.
Knitted Underwear Market Highlights
The global Knitted Underwear market is accounted to register a CAGR of 5.80% during the forecast period and is estimated to reach by 2032.
The rising consumer preference for sustainable and eco-friendly apparel, the increasing emphasis on comfort and functionality in undergarments, and the growing popularity of online sales channels, are driving the Knitted Underwear Market. Additionally, the advancements in fabric technologies and innovative designs contribute to the market's dynamism, creating opportunities for manufacturers to cater to evolving consumer needs and preferences in the global knitted underwear industry.
Segment Analysis
The global Knitted Underwear market has been segmented based type and application.
On the basis of type, the market is segmented into Shapewear, Thermal Clothes and Other. The shapewear segment was attributed to holding the largest market share in 2022, due to a rising emphasis on body shaping and contouring preferences among consumers.
Based on application, the global Knitted Underwear market has been segmented into Specialty Stores, Supermarket and Online Sales. The online sales segment was expected to hold the largest market share in 2022, due to the growing preference for convenient and diverse shopping options, allowing consumers to explore a wide range of products from the comfort of their homes.
Access full report @ https://www.marketresearchfuture.com/reports/knitted-underwear-market-20291
Regional Analysis
The global Knitted Underwear market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Knitted Underwear market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Knitted Underwear market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Knitted Underwear market comprises of Middle East, Africa, and Latin America.
The largest market share for Knitted Underwear was maintained by the North American regional sector. This increase is attributed to the rising demand for comfortable and sustainable underwear options, coupled with shifting consumer preferences toward premium and quality fabrics. Increasing awareness of health and wellness, along with a focus on body positivity, drives the demand for knitted underwear that offers both comfort and style. Additionally, robust e-commerce infrastructure facilitates easy accessibility and a diverse range of choices, contributing to market expansion in the region.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Knitted Underwear is driven by increasing emphasis on sustainable and eco-friendly fashion choices. Consumers in Europe prioritize comfortable and environmentally conscious underwear, driving the demand for knitted underwear made from organic and responsibly sourced materials.
Additionally, the Asia Pacific knitted underwear market is witnessing remarkable expansion due to a increasing disposable income driving demand for premium products, urbanites embracing athleisure trends with technological affinity, flourishing e-commerce facilitating seamless shopping, robust domestic manufacturing ensuring affordability, and growing environmental consciousness favoring eco-friendly fabrics. This powerful amalgamation establishes the region as a significant influencer in the future trajectory of the knitted underwear market.
Furthermore, the rest of the world's Knitted Underwear market is divided into the Middle East, Africa, and Latin America. This growth is attributed to factors such as changing consumer preferences and a rising awareness of fashion trends. The demand for comfortable and stylish knitted underwear in these regions is on the rise, contributing to the market's expansion.
Key Findings of the Study
- The global Knitted Underwear market is expected to reach USD XX billion by 2032, at a CAGR of 5.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on green energy and carbon emission reduction by government bodies through policies and initiatives
- Based on application, the online sales segment was attributed to holding the largest market in 2022, with an approximate market share of 47%.
- Hanesbrands Inc, Adidas, Calvin Klein, Fruit of the Loom.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.