Global Knitted Fabrics Market: Snapshot
Rapid expansion of the apparel industry all across the globe is predicted to generate sales opportunities in the global knitted fabrics market during the forecast period of 2020 to 2030. Knitted fabrics refer to a textile that is manufactured using the technique of knitting. Depending on product, the market for knitted fabrics is bifurcated into two segments, namely, weft-knit and warp-knit.
TMR’s upcoming research report on the knitted fabrics market delivers complete data as well as analysis of all key factors driving or restraining the market growth. This aside, it gives detailed information on challenges and growth avenues in the market for knitted fabrics. Thus, the report works as a helpful tool to gain insights on the knitted fabrics market during the assessment period of 2020 to 2030.
Product, application, and region are some of the key parameters used for the segmentation of the global knitted fabrics market. Based on application, the market for knitted fabrics is classified into household, fashion and clothing, and technical.
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Global Knitted Fabrics Market: Growth Dynamics
The global knitted fabrics market is foreseen to gather substantial revenues in the forthcoming years. This growth is attributed to plethora of factors. One of the important factors generating lucrative avenues for market players is growing importance of knitted fabric in the construction, automobile, medical, and manufacturing sectors.
In recent years, majority of consumers from all across the globe are inclined toward the use of lightweight and superior quality knitwear. Owing to this factor, the market for knitted fabrics is experiencing upward curve of demand for feathery raw materials including linen, polypropylene, faux fur, silk, and synthetic fibers. Growing demand for cardigans, loop stitch jackets, scarfs, and large shawls from the worldwide locations is projected to stimulate expansion opportunities in the global knitted fabrics market in the forthcoming years.
In hosiery market, feather-light circular knit fabrics are high in demand. Key reason behind this scenario is the ability of knit fabrics to offer superior breathability. In addition to this, lightweight knitted textiles are widely used in the manufacturing of protective clothing. Owing to all these applications, the global knitted fabrics market is likely to gain promising sales avenues in the upcoming years.
Global Knitted Fabrics Market: Competitive Analysis
The nature of global knitted fabrics market is highly fragmented. Owing to presence of numerous active players, the competitive landscape of the market for knitted fabrics is highly intense. Enterprises working in this market are focused on advancing their production abilities. This aside, they are incorporating technologically advanced tools in their production houses. These moves are helping vendors to gain upper hand over other competitors working in the global knitted fabrics market.
The study profiles following players working in the global knitted fabrics market:
- Jong Stit Co., Ltd.
- Zhejiang Chaoda Warp Knitting Co., Ltd.
- Georg and Otto Friedrich GmbH
- Haining Jinmao Warp Knitting Co., Ltd.
- Abhinandan Knits Pvt Ltd.
- Loyal Textile Mills Ltd.
- Toray Industries, Inc.
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Global Knitted Fabrics Market: Regional Assessment
On regional front, Asia Pacific is one of the dominating regions in the knitted fabrics market. China holds lion’s share in the market for knitted fabrics on global level. The country is known for its highest clothing industry exports in the globe. Major manufacturers engaged in China are growing focus towards digitalization and automation. This move is helping them achieve superior quality of knitting textiles. Apart from China, the knitted fabrics market is estimated to gain lucrative avenues in Bangladesh and India.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.