NAICS 3151 - Apparel Knitting Mills
This industry group comprises establishments primarily engaged in knitting apparel or knitting fabric and then manufacturing apparel. This industry group includes jobbers performing entrepreneurial functions involved in knitting apparel and accessories. Knitting fabric, without manufacturing apparel, is classified in Subsector 313, Textile Mills.
Industry trends:
The leather gloves and mittens industry (NAICS 3151) is experiencing several noteworthy qualitative trends. A significant shift is seen towards sustainable and ethically sourced materials. Consumers are increasingly demanding eco-friendly options, urging manufacturers to source leather from suppliers that follow sustainable practices and ensure traceability. Brands that spotlight their commitment to sustainability are gaining a competitive edge in the market.
Innovation in design and technology is also at the forefront. Integrating smart features such as touch screen compatibility without sacrificing warmth and durability is becoming a key selling point. Companies are investing in R&D to enhance comfort, durability, and functionality of their products.
Customization and personalization are growing trends, with consumers seeking unique products that reflect their personal style. Bespoke services, where customers can select leather types, colors, and additional features, are gaining popularity. This trend is particularly strong in premium segments where consumers are willing to pay a premium for tailor-made products.
In terms of forecasts, the market is expected to see modest growth fueled by recovering global economies post-COVID-19 and rising disposable incomes. Markets in Asia-Pacific, especially China and India, are anticipated to be lucrative due to growing fashion consciousness and the burgeoning middle class. Additionally, online retail channels are projected to become increasingly significant, capitalizing on the convenience and wider reach they offer.
Overall, the leather gloves and mittens industry is poised for growth through innovation, sustainable practices, and increased customization, catering to the evolving consumer preferences.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
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- Total Assets
- Ownership Type
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