2. KNITTING MARKET
In the present day it takes more effort not only to
survive in market but also to offer new products
that are manifold in nature; purely aesthetic
and also a need of the hour.
As per current trends the clothing and garment
industry holds a great place in International
economy as a basic need and many of the
global apparel giants are now eyeing the
knitwear market with interest.
3. SECTORS IN INDUSTRY
Sectors inside industries is of three types:
1. Knitting- Manufacturing by weft/warp
knitting technique
2. Knitted garments- Panel knitting/
Cutting and assembling/ Fully cut
garments
3. Knitted fabrics and garments- Fabric
knitting and garment (Warp/Weft)
4. TYPES OF INDUSTRIES
Industries is of two types:
• Allied industry-The one which
works on Joint collaboration
• Auxiliary industry- Industries
that operate separately but are
dependent on the parent
industry
5. ALLIED INDUSTRIES
• Spinning Industry
• Yarn dyeing industry
• Fabric dyeing & Finishing
industry
• Fabric printing Industry
• Garment washing industry
6. AUXILIARY INDUSTRY
• Embroidery industry
• Label making industry
• Packing materials
• Laminating industry
• Needle making industry
7. WORLD WIDE ANALYSIS
• Worldwide share of knitting is 40% among
which India holds 15%.
• Europe has the biggest market in terms of
value and volume.
• The prime market of knits is the north
America.
• Together Europe and North America
contribute about 65% of the share.
• The Asian market is growing.
8. CONTN:
• EU & USA the main
consumers and India
and China are the
leading exporters.
• The players dominating
are Golden Lady, SPA,
LLC, Hanes brand,
Triumph apparel etc.
As in 2014, there where
3178 knitters and they
were distributed as:
Percentage Origin
22% North East
24% South East
28% Mid East
11% West
7% North West
8% South West
9. US KNITTING MARKET
• Considering the past market
analysis, the US knitting
market faces continuous
fluctuations.
• It had a rapid decline as well
as raise in the period of 2007
to 2015.
• The output figures decreased
at an average annual rate of -
31%.
• In overall since the last two
decades the growth was
rapid.
Year Situation
2008 Knit shipments
had its high
value in about
$1.6B.
Then again
production
failed to regain
its strength.
2010 Rapid growth.
Increase by
10%
2015 Value of knit
fabrics=$1.3B
(Decline of -
14% against
previous yr)
10. CATEGORY OF KNITS IN US MARKET
• Warp knits and knit finishes has
established the highest share in 2015.
Its about 32%.
• Circular knits has achieves about 30%.
• Other small products like hosiery gives
a considerable amount which incudes
small knitting units on the whole
contributing to about 38%.
11. PROFILE OF A NORMAL KNITTING ENTHUSIAST
• Spending= $801 (average)
• Time spent= 10hrs/week
• Knitting Projects completed= 24
in an average
• Expertise in knitting= 40%
expert; 57% intermediate
12. TOP 5 KNITTING CENTERS IN INDIA
• Aradhana Fabrics- Ludhiana
• 7X International- Ludhiana
• Shri Ram Industries-Ludhiana
• Gaikam Exports- Mumbai
• Yash Polytex-Mumbai
13. SWOT ANALYSIS
• The great impression colors
of products
• Selling on the low price of
products Design of scarf is a
unique style on area
• Extends the products to the
men’s style
• Recognizes the mission,
goals, and vision of
marketing plan
• Increasing competition in
area
• Competes with the online
small business and on-
store
• Decreasing the customers
by economic crisis
• The cost of company
registration is high
• Growing demands for quality
• Increasing sales via online
marketing
• Extending promotion via
social media
• Increasing sales on winter
and windy weather condition
• Extending marketing on
shopping mall
• Management needs to
improvement
• Sales revenues are negative
yet
• Workforce needs to
improvement
• Quality of delivering is not
perfect Management of
company is Junior-level
14. IN 2ND REVIEW…
Reasons for success and failure
of knits
Past 10yrs history
Upcoming 10yrs forecast
Is starting a knitting industry a
better option on the basis of
market strategies?