Global Knitwear Market Grows at a Staggering CAGR of 12.07%

Introduction

Knitwear refers to garments crafted from a continuous strand of thread or yarn (typically wool), looping back and forth, connecting each stitch to a stitch in the prior row or pieces made by interweaving wool or another thread type into linked rows. From thick sweaters to delicate cardigans, knitwear adds an undeniable charm to any outfit. This adaptable fabric works for everyday essentials or can be elevated for special occasions. Beyond style, it provides warmth and comfort during colder months.

The global knitwear market is steadily expanding due to increasing fashion awareness, demand for cold-weather clothing, and the growing influence of sustainable fashion. Consumers are shifting toward eco-friendly, premium materials like organic cotton and wool. Advances in textile manufacturing and e-commerce growth are fueling sales. Fast fashion and customization trends further shape market evolution.

Moreover, innovations in knitting, such as 3D knitting machines and automated processes, are transforming the knitwear industry by enhancing efficiency and precision. These technologies facilitate high-quality, customizable designs while minimizing waste. With sustainability awareness rising, consumers increasingly favor eco-friendly fabrics and ethical production, boosting demand for sustainable knitwear. As brands prioritize reducing environmental impact alongside offering functional, innovative designs, the knitwear sector is set for future growth.

Market Dynamics

Technological advancements in knitting drive market growth

Revolutionary developments like 3D knitting and seamless construction reshape production, enabling manufacturers to create intricate patterns more accurately and efficiently. By forming garments closer to their final shape, these innovations cut waste, conserve resources, and lessen environmental impact. Additionally, they accelerate production cycles and rapid prototyping, allowing brands to quickly adapt to changing consumer preferences. The ability to craft detailed textures and tailored fits enhance product quality and customer satisfaction, fostering market expansion through heightened creativity and efficiency.

• In 2023, Stoll unveiled a new knitting machine, Autarkic Direct Feeding (ADF), designed for greater yarn flexibility, enabling more intricate knitting designs.

Increasing demand for comfort and versatility

From relaxed loungewear to professional attire, consumers increasingly value clothing that transitions seamlessly across various settings and activities. Knitwear naturally meets this demand due to its softness and flexibility. Brands can leverage this trend by crafting garments that merge comfort and style using premium yarns and advanced manufacturing. This trend extends beyond loungewear to include travel-friendly knits, dresses and separates designed for multiple styling options. By emphasizing multifunctional designs, knitwear brands can attract consumers seeking effortless, comfortable fashion.

• In April 2022, luxury knitwear brand Loro Piana, a subsidiary of LVMH, expanded its market reach by opening a new store and corporate office in Milan, Italy. This move aims to strengthen collaboration across design, marketing, administration, and other departments.

Regional Analysis

North America leads the global knitwear industry due to its strong retail infrastructure, high apparel spending, and influential fashion sector. Consumers in the region prioritize premium, comfortable knitwear, creating lucrative opportunities for high-end brands. A well-established network of department stores, specialty boutiques, and online retailers further boosts accessibility and sales. Top knitwear brands drive market growth by incorporating innovative fabric technologies and sustainable manufacturing. Additionally, the rising popularity of athleisure and casual wear continues to fuel demand for stylish, versatile knitwear.

• According to the U.S. Department of Commerce’s Office of Textiles and Apparel, U.S. textile and apparel imports rose by 2.6% to USD 107 billion in 2024.

Key Highlights

• The global knitwear market size was valued at USD 894.06 billion in 2024 and is expected to reach USD 996.79 billion in 2025 to USD 2,481.20 billion in 2033, growing at a CAGR of 12.07% over the forecast period (2025-33).
• Based on material type, the global knitwear market is segmented into Natural, Synthetic, and Blended. The NaturalMaterial Type owns the highest market share.
• Based on Category, the global knitwear market is segmented into Men, Women, and Kids. The Women Category owns the highest market share.
• Based on the end user, the knitwear market is segmented into Innerwear, Outerwear, and Sportswear. The Outerwear segment is the most significant revenue contributor to the market.
• Based on the Distribution Channel, the global knitwear market is segmented into store- and non-store-based. The Store BasedType owns the highest market share.
• Based on region, the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is the most significant shareholder in the global knitwear market.

Competitive Players

1. Adidas AG
2. Gildan Activewear S.R.L.
3. Loro Piana S.p.A.
4. Puma SE
5. Ralph Lauren
6. The Nautical Company Ltd
7. Victoria's Secret
8. Maglificio Ripa S.p.a
9. LENZING AG
10. Ecowool
11. Sana Hastakala (P) Ltd.
12. THE GAP, INC
13. Hackett Ltd
14. Marks and Spencer Group plc.
15. Nike Inc.

Recent Developments

• In February 2025, Saintt Sinners Knitwear, a groundbreaking new fashion brand, is proud to announce its official launch, redefining the future of knitwear with a sleek, modern, and sustainable approach. Made in New York City using eco-friendly yarns and cutting-edge 3D technology, Saintt Sinners offers custom, seasonless pieces designed for minimalists who value comfort, shape, and longevity.
• In April 2024, Ramp Knitwear is completing a USD 150 million Series D-2 funding round, raising the company’s valuation to USD 7.65 billion. This round was co-led by Khosla Ventures and Founders Fund, with additional new investors Sequoia Capital, Greylock, and 8VC.
• In April 2024, the recycling company Sodra Group and the Danish fashion brand Object, both owned by Bestseller, collaborated to develop a new knitwear collection using materials derived from recovered fabrics.

Segmentation

1. By Material Type
   1. Natural
   2. Synthetic
   3. Blended
2. By Category
   1. Men
   2. Women
   3. Kids
3. By End-Use
   1. Innerwear
   2. Outerwear
   3. Sportswear
4. By Distribution Channel
   1. Store Based
   2. Non-Store Based
5. By Region
   1. North America
   2. Europe
   3. Asia Pacific
   4. Central & South America
   5. Middle East & Africa