Market Size of Global Knitting Machinery Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.90 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Knitting Machinery Market Analysis
The Global Weaving Machinery Market is expected to grow at a CAGR of 3.9% over the forecast period of 2022-2027.
The panic caused by the COVID-19 outbreak has brought the demand for textile products both abroad and domestically to a halt. All textile-related factories are closed as a result of the lockdown.
Owing to the increasing demand for knitted apparel in a number of applications, including sportswear, casual wear, winter wear, protective wear, etc., the global market for industrial knitting machines is anticipated to witness significant growth during the forecast period. Increasing urbanization in the various countries of Asia Pacific is estimated to fuel the demand for knitted fabrics.
This, in turn, is estimated to contribute to the Asia Pacific industrial knitting machines market. North America and Europe are considered to be mature areas in the knitting industry, hence, are estimated to project moderate growth during the forecast period. The growing construction industry in Latin America is anticipated to contribute to the industrial knitting machines market in the near future.
Knitting Machinery Industry Segmentation
A knitting machine is an equipment used to produce knitted fabrics through the interlocking of one or more yarns using a single loop. The Global Knitting Machinery market is segmented by Machine Type (Weft Industrial Knitting Machines (Flat Bar Knitting Machines, Straight Bar Knitting Machines, Circular Knitting Machines, Circular Bearded Single Knitting Machines) and by Warp Industrial Knitting Machines (Rachel Knitting Machines, Tricot Knitting Machines), by Knit type (Single Knit Industrial Knitting Machines, Double Knit Industrial Knitting Machines), by Application (Automotive and Transportation Textiles, Medical Textiles, Sports Textiles, Building and Construction Textiles Apparel Textiles, Home and Furniture Textiles) and by Geography (North America (United States and Canada), Asia-Pacific (China, Japan, India, ASEAN, Australia, New Zealand and Rest of Asia-Pacific), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Poland and Rest of Europe), Middle East & Africa (GCC, South Africa and Rest of Middle East & Africa) and South America (Brazil and Rest of South America)). The report offers market size and forecasts for Global Knitting Machinery market in value (USD billion) for all above segments.
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| Single Knit Industrial Knitting Machines | |
| Double Knit Industrial Knitting Machines |
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| Apparel Textiles | |
| Home and Furniture Textiles | |
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Global Knitting Machinery Market Size Summary
The global knitting machinery market is poised for significant growth, driven by the increasing demand for knitted apparel across various sectors such as sportswear, casual wear, and protective wear. This demand is further bolstered by the rising urbanization in the Asia Pacific region, which is expected to enhance the market for industrial knitting machines in that area. While North America and Europe are mature markets with moderate growth projections, Latin America's burgeoning construction industry is anticipated to contribute positively to the market's expansion. The automotive sector's shift towards using weft knitted fabrics for upholstery, due to their techno-mechanical applications, also plays a crucial role in the market's development. The pandemic-induced preference for personal vehicles over public transport has provided a significant boost to the automobile sector, thereby increasing the demand for knitted fabrics used in vehicle interiors.
The knitting machinery industry is characterized by a high level of competition and fragmentation, with no single company holding a substantial market share. Key players in the industry include Shima Seiki Mfg Ltd., Santoni S.p.A., Groz Beckert KG, and others, who are continuously innovating to enhance their offerings. Recent developments, such as KM.ON's digital solutions and Mayer & Cie's upgrade kits for circular knitting machines, aim to improve customer experience and machine performance. The global trade in knitted fabrics is robust, with significant exports from countries like China and the United States, highlighting the international nature of the market. These dynamics underscore the industry's potential for growth and the ongoing technological advancements that are shaping its future.
Global Knitting Machinery Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Current Market Scenario
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1.2 Market Dynamics
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1.2.1 Drivers
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1.2.2 Restraints
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1.2.3 Opportunities
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1.2.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.4.1 Bargaining Power of Suppliers
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1.2.4.2 Bargaining Power of Consumers
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1.2.4.3 Threat of New Entrants
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1.2.4.4 Threat of Substitutes
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1.2.4.5 Intensity of Competitive Rivalry
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1.3 Technological Trends
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1.4 Government Regulations
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1.5 Value Chain / Supply Chain Analysis
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Machine Type
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2.1.1 Weft Industrial Knitting Machines
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2.1.1.1 Flat Bar Knitting Machines
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2.1.1.2 Straight Bar Knitting Machines
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2.1.1.3 Circular Knitting Machines
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2.1.1.4 Circular Bearded Single Knitting Machines
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2.1.2 Warp Industrial Knitting Machines
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2.1.2.1 Rachel Knitting Machines
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2.1.2.2 Tricot Knitting Machines
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2.2 By Knit Type
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2.2.1 Single Knit Industrial Knitting Machines
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2.2.2 Double Knit Industrial Knitting Machines
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2.3 By Application
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2.3.1 Automotive and Transportation Textiles
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2.3.2 Sports Textiles
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2.3.3 Building and Construction Textiles
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2.3.4 Apparel Textiles
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2.3.5 Home and Furniture Textiles
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2.3.6 Others
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2.4 By Region
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 France
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2.4.2.3 Italy
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2.4.2.4 Spain
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2.4.2.5 Germany
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2.4.2.6 Russia
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2.4.2.7 Poland
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2.4.2.8 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 ASEAN
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2.4.3.5 Australia
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2.4.3.6 New Zealand
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2.4.3.7 Rest of Asia-Pacific
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2.4.4 Middle East & Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East & Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Rest of South America
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Global Knitting Machinery Market Size FAQs
What is the current Global Knitting Machinery Market size?
The Global Knitting Machinery Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Global Knitting Machinery Market?
Shima Seiki Mfg Ltd., Santoni S.p.A., Groz Beckert KG, Pai Lung Machinery Mill Co. Inc and Terrot GmbH are the major companies operating in the Global Knitting Machinery Market.
