Home / Knowledge / News / Apparel/Garments / Global sales of knitted innerwear to swell by 2015
Global sales of knitted innerwear to swell by 2015
22
Mar '11
A new report by Global Industry Analysis (GIA) has predicted global sales of knitting innerwear and nightwear to reach US $70.8 billion in 2015.

As per the Business Strategy Report on global knitted innerwear and nightwear, changes in consumer lifestyles, increasing disposable income, innovation of textile fabrics and some other factors will contribute to high growth rate of this sector, says the report.

These products have great potential and its market demand is expected to maintain growth, says the report. In this segment, personal underclothing like seamless bra and panties will show the highest sales' growth rate in next few years. In this area, though the U.S. and Asia Pacific markets have shown great growth rate, Europe is still the largest market.

As per the report, the development of personal underclothing depends on fabric design, innovation and comfort up gradation. In the Western markets, demand of XL innerwear is on rise, but consumers still not consider them as products of necessity. Most of the consumers purchase innerwear's as and when they need them. They need to consider them as products of necessity.

In recent years, cutthroat competition at international level has led to lower prices and transfer of production centers too. South America, Central Europe and Asia have emerged as the new production centers and more and more manufacturers have moved to these destinations.

During the financial crisis, though most of the economies faced crisis, rapid economic growth in China, India, South Korea, Indonesia and Taiwan saved the Asia Pacific market. It helped them to emerge as new production centers too.

As per the report, knitted underwear market is already highly competitive and very wide. The financial crisis has narrowed the gap and the differences among markets have almost disappeared making it more competitive.

Fibre2fashion News Desk

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search