Worsted yarns are made from high-quality of wool. These yarns differs from other woolen yarn with regards to their weight, type, and quality. The fabric made from worsted woolen yarn are stronger, smoother, and finer, than that of the normal wool. Worsted wool yarns are made from long-staple pasture wool of sheep breeds such as Teeswaters, Old Leicester Longwool, and Romney Marsh. These yarns are not carded; instead they are washed, gilled, and combed using heated long-tooth metal combs, later oiled, and spun. As compared to normal woolen yarn worsted woolen yarn tend to be more costly as the sheep from which the wool is taken are of higher breed, also worsted fabric needs more processing as a result its price tends to increase. Worsted fabric is primarily used for men suitings. 

Based on product type, the worsted wool yarn market can be segmented into tropical worsted wool and plain weave worsted wool. Both the product type differs from each other based upon the type of fibers used for its production, combinations of fibers used, and blend of fibers used for weaving. Tropical worsted wool are designed to be worn in hot climates. This wool is light, smooth, breathable, and easy to maintain. The tropical worsted wool fabric finds application in making trousers, and skirts, among others. Plain weave worsted wool fabric finds application in suits and other upholstery fabrics.

In terms of application type, the wool worsted yarn market can be segmented into clothing, upholstery fabric, and others. In 2016, the clothing segment held a major share of the wool worsted yarn market across the globe. The segment is projected to expand at a rapid pace during the forecast period due to growth in fashion trends among populations. The clothing segment consists of suits, skirts, slacks, socks, and others. The upholstery fabric is used to cover snooker and billiards table, and couches, among other furniture. The others segment held the number of least shares in the wool worsted yarn market.

The Asia Pacific region accounted for a major share of the wool worsted yarn market, followed by North America and Europe. China consists of large number of manufacturers of wool worsted yarn across the country. Production and domestic demand for textile fibers is high in the country. Production activities from developed countries has shifted to developing countries due to cheap labor, and this is contributing to the growth of the region. Moreover, increasing foreign direct investments and rapidly rising population are propelling the market in Asia Pacific. North America and Europe held an average share of the wool worsted yarn market. The recovery of these regions from the economic slowdown is augmenting the overall market. Latin America and Middle East & Africa accounted for the least share of the market in 2016. However, the share of these regions is anticipated to increase at a rapid pace during the forecast period due to rapid growth of the fashion and other end-user industries across the regions and increased use of wool worsted yarns in these industries.

Key manufacturers operating in the wool worsted yarn market includes Südwolle Group, Shandong Hengtai Textile Co. Ltd., Indorama Ventures Public Company Limited, Henan First Textile & Apparel (Group) Co. Ltd., and JayaShree Textiles

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
  • Europe
  • 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.

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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.

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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.

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Wool Worsted Yarn Market

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