Knitting Machinery Market Size
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 Market Trends
This section covers the major market trends shaping the Knitting Machinery Market according to our research experts:
Automotive Industry benefitting Knitting Industry
Automotive textile is an integral aspect of technical textile. Since it cannot be classified in apparel textile, it is more of a techno mechanical application of textile. Industrial textiles are widely used in transportation vehicles and systems including cars, trains, buses, airplanes and marine vehicles. Approximately 50 square yards of textile material is used in an average car for interior trim (seating areas headliners, side panels, carpets and trunk, lining, tires, filters, belts hoses, airbags etc.)
Carmakers are increasingly favoring the usage of weft knitted fabrics for upholstery. These fabrics are generally manufactured on circular knitting machines and process sequence follows yarn dye route.
Door kick panels, boot linings roof linings, parcel shelves and insulation (heat, sound, vibration etc.) materials are important examples for pre-assembled interior components. Coated laminated needle-punched non-woven and warp knits are the main materials used for the category.
With the onset of pandemic, people switched to personal vehicles rather than travelling in public transport whiich has given a huge boost to automobile sector.
China Leading Exporter of Knitted Fabrics
Polyester knitted fabrics are imported from China in a variety of types, including; Polyester knitted fabrics for making leggings, bonded fabric, warp-knit fabric, loop fabric, and warp knitting fabric. The majority of polyester knitted fabrics are imported from China into India these days and are mostly used in furnishings, sofas, and jackets. China's Shaoxing, Zhejiang Province is the most popular place to locate the factories.
In 2020, China exported approximately 16.27 billion U.S. dollars worth of knitted or crocheted fabrics to the rest of the world. That same year, the United States was the ninth largest exporter of knitted or crocheted fabrics, with exports valuing around 658.2 million U.S. dollars. The worldwide export value of knitted or crocheted fabrics was approximately 31.7 billion U.S. dollars in 2020.
Knitting Machinery Industry Overview
The report covers the major players operating in the knitting machinery industry. In terms of market share, the companies in the global knitting machinery industry do not have a considerable amount of market share, as the market is highly competitive and fragmented.
Some of the leading companies around the world are Shima Seiki Mfg Ltd., Santoni S.p.A., Groz Beckert KG, Pai Lung Machinery Mill Co. Inc, Terrot GmbH, Karl Mayer Textilmaschinenfabrik GmbH among others.
Knitting Machinery Market Leaders
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Shima Seiki Mfg Ltd.
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Santoni S.p.A.
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Groz Beckert KG
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Pai Lung Machinery Mill Co. Inc
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Terrot GmbH
*Disclaimer: Major Players sorted in no particular order
Knitting Machinery Market News
- May 2022: KM.ON innovates and digitalizes the textile value chain with its offerings. The software company of the KARL MAYER Group is continuously developing new digital solutions to improve the customer experience, reduce complexity in our customers' day-to-day business and ultimately make their business more profitable.
- May 2022: The circular knitting machine manufacturer Mayer & Cie. is launching its upgrade kits for circular knitting machines that are already successfully in use by customers. With tailor-made packages, the company wants to give its users the opportunity to take advantage of technological progress in their existing machines. The aim is to improve the performance of the existing machines and to extend their service life.
Knitting Machinery Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Industry Attractiveness - Porter's Five Forces Analysis
4.2.4.1 Bargaining Power of Suppliers
4.2.4.2 Bargaining Power of Consumers
4.2.4.3 Threat of New Entrants
4.2.4.4 Threat of Substitutes
4.2.4.5 Intensity of Competitive Rivalry
4.3 Technological Trends
4.4 Government Regulations
4.5 Value Chain / Supply Chain Analysis
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Machine Type
5.1.1 Weft Industrial Knitting Machines
5.1.1.1 Flat Bar Knitting Machines
5.1.1.2 Straight Bar Knitting Machines
5.1.1.3 Circular Knitting Machines
5.1.1.4 Circular Bearded Single Knitting Machines
5.1.2 Warp Industrial Knitting Machines
5.1.2.1 Rachel Knitting Machines
5.1.2.2 Tricot Knitting Machines
5.2 By Knit Type
5.2.1 Single Knit Industrial Knitting Machines
5.2.2 Double Knit Industrial Knitting Machines
5.3 By Application
5.3.1 Automotive and Transportation Textiles
5.3.2 Sports Textiles
5.3.3 Building and Construction Textiles
5.3.4 Apparel Textiles
5.3.5 Home and Furniture Textiles
5.3.6 Others
5.4 By Region
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 France
5.4.2.3 Italy
5.4.2.4 Spain
5.4.2.5 Germany
5.4.2.6 Russia
5.4.2.7 Poland
5.4.2.8 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 ASEAN
5.4.3.5 Australia
5.4.3.6 New Zealand
5.4.3.7 Rest of Asia-Pacific
5.4.4 Middle East & Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East & Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Overview (Market Concentration and Major Players)
6.2 Company Profiles
6.2.1 Shima Seiki Mfg Ltd.
6.2.2 Santoni S.p.A.
6.2.3 Groz Beckert KG
6.2.4 Pai Lung Machinery Mill Co. Inc
6.2.5 Terrot GmbH
6.2.6 Karl Mayer Textilmaschinenfabrik GmbH
6.2.7 Mayer Cie. GmbH Co. KG (MCT)
6.2.8 Monarch Knitting Machinery Corp.
6.2.9 H. Stoll AG Co. KG
6.2.10 Steiger Participations Sa
6.2.11 Matsuya Industries
6.2.12 Orizio S.r.l.
6.2.13 Keum Yong Textile Machinery
- *List Not Exhaustive
6.3 Other Companies (Overview/Key Information)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
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.
| By Machine Type | ||||||
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| By Knit Type | |
| Single Knit Industrial Knitting Machines | |
| Double Knit Industrial Knitting Machines |
| By Application | |
| Automotive and Transportation Textiles | |
| Sports Textiles | |
| Building and Construction Textiles | |
| Apparel Textiles | |
| Home and Furniture Textiles | |
| Others |
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Knitting Machinery Market Research 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.
Which is the fastest growing region in Global Knitting Machinery Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Knitting Machinery Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Knitting Machinery Market.
What years does this Global Knitting Machinery Market cover?
The report covers the Global Knitting Machinery Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Knitting Machinery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Global Knitting Machinery Industry Report
Statistics for the 2024 Global Knitting Machinery market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Knitting Machinery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
