Circular Knitting Machine Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| 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?
Circular Knitting Machine Market Analysis
The Global Weaving Machinery Market is expected to grow at a CAGR of 4.0% over the forecast period of 2022-2027.
The COVID-19 had an impact on the product's demand-supply due to the closure of manufacturing plants, borders, and other various factors.
Rapid urbanization, increased apparel demand, textile industry automation, rising demand for fabric cloths, and a rise in disposable income are all key factors driving market revenue development. In many emerging countries, increased government investments in textile businesses are also driving market demand.
There has been a considerable increase in the demand for knitted apparel in diverse applications such as protective wear, sportswear, shapewear, casuals, and winter wear amongst others. Circular knitting machines are preferred for bulk production, as large diameter fabrics can be produced from circular knit beds. Moreover, technical textiles are increasingly being adopted into diverse industries. These technical textile fabrics are produced from the circular knitting machines with varied fabric constructions. Additionally, apparel manufacturers are looking forward to customized fabrics with complicated knitting construction patterns. These factors are expected to drive the global circular knitting machines market. Players in the global circular knitting machines market are challenged by the cheap quality machines which reduces the cost of production. These players can gain opportunistic market by expanding and entering into omni-channels for distribution network.
Circular Knitting Machine Market Trends
This section covers the major market trends shaping the Circular Knitting Machine Market according to our research experts:
CAD Technology Fueling the Growth of the Market
The abbreviation of CAD is Computer Aided Design. CAD is widely used inwards textile industry. Like other subdivision of textile industry, CAD is also used inwards knitting. There is a year's quondam history of knitwear. With the introduction of the computer, simulation of knitwear emerged equally a promising Champaign for the researchers. Simulating knitwear is to a greater extent than efficient in addition to a greater extent than realistic approach for novel developments. Thus, striking in addition to trials for production of samples on the machine is eliminated, which helped to salve fourth dimension in addition to money. It also makes possible to minimize errors, in addition to the blueprint tin flame hold upward transferred yesteryear a unmarried click from an reckoned to another. Simulation of knitted fabrics hence became a major question involvement inwards recent years. Applications of CAD inwards knitting tin flame hold upward broadly categorized equally follows:
1. Knitting structures blueprint
2. Design of knitting pattern shapes
In starting fourth dimension technique, knitting structures design, or so criterion construction, are used to brand conventional designs similar the model of jacket, sweater, etc.
Circular Knitwear Grows its Application in Winter Clothes
Customers today prefer products that not only cater to the season but also ensure comfort style. Hence, similar to the other segments in the fashion industry, winter wear preferences are increasingly gravitating towards lightweight casuals. This trend towards casual look and comfort wearing has contributed substantially to the elevated growth of knitwear compared to woven apparel.
Exceeding the expectations of the prourban populace, major fashion houses are introducing fabrics that keeps pace with the demands of the new generation. Talking about the present winter fashion trends and requirements of the people, both knitted and non-knitted winter wear are in high demand. It varies, depending on climate, customer's lifestyle and customer's budget. The grown rate in India, however, is around 7-8 percent per annum.
The established brands have realized the demand for knitwear and are introducing products that are specifically designed for the generation next.
Circular Knitting Machine Industry Overview
The report covers the major players operating in the circular knitting machine market. In terms of market share, the companies in the global circular knitting machine market 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 Baiyuan Machine, Mayer & Cie, Terrot, Santoni, Fukuhara among others.
Circular Knitting Machine Market Leaders
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Baiyuan Machine
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Mayer & Cie
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Terrot
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Santoni
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Fukuhara
*Disclaimer: Major Players sorted in no particular order
Circular Knitting Machine Market News
- May 2021: In a development that will provide momentum to the modernisation of the Indian textile industry, A.T.E. and SMIT S.r.l. have entered an exclusive partnership for the promotion of SMIT's advanced rapier looms in India.
- 2021: Lisky has produced very special Sweat Fabrics Machine which also came to Bangladesh market in 2021.
Circular Knitting Machine 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 Single Circular Knitting Machines
5.1.2 Double Circular Knitting Machines
5.2 By Application
5.2.1 Apparel Textiles
5.2.2 Home Textiles
5.2.3 Technical Textiles
5.2.4 Medical Textiles
5.2.5 Others
5.3 By Region
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Italy
5.3.2.4 Spain
5.3.2.5 Germany
5.3.2.6 Benelux
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Middle East & Africa
5.3.4.1 South Africa
5.3.4.2 Saudi Arabia
5.3.4.3 United Arab Emirates
5.3.4.4 Rest of Middle East & Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Overview (Overall Market Share, Market Concentration and Major Players, and Companies' Comparison Analysis)
6.2 Company Profiles
6.2.1 Baiyuan Machine
6.2.2 Mayer & Cie
6.2.3 Terrot
6.2.4 Santoni
6.2.5 Fukuhara
6.2.6 Pailung
6.2.7 Fukuhama
6.2.8 Wellknit
6.2.9 Santec Precision Machinery Co., Ltd.
6.2.10 Trutzschler
6.2.11 Senher
- *List Not Exhaustive
6.3 Other Companies (Overview/Key Information)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
Circular Knitting Machine Industry Segmentation
Circular knitting machines, also known as large circular knitting machines, are devices that generate tubular and seamless fabrics by knitting with circular needles and shaping the fabric by adjusting the tension or length of the knitting stitches. The Global Circular Knitting Machine Market is segmented by Machine Type (Single Circular Knitting Machines, Double Circular Knitting Machines), by Application (Apparel Textiles, Home Textiles, Technical Textiles, Medical Textiles, Others) and by Geography (North America (United States, Mexico and Canada), Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific), Europe (Germany, France, United Kingdom, Italy, Spain, Benelux and Rest of Europe), Middle East & Africa (South Africa, Saudi Arabia, UAE and Rest of Middle East & Africa) and South America (Brazil and Rest of South America)). The report offers market size and forecasts for transportation infrastructure construction market in value (USD billion) for all above segments.
| By Machine Type | |
| Single Circular Knitting Machines | |
| Double Circular Knitting Machines |
| By Application | |
| Apparel Textiles | |
| Home Textiles | |
| Technical Textiles | |
| Medical Textiles | |
| Others |
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Circular Knitting Machine Market Research FAQs
What is the current Global Circular Knitting Machine Market size?
The Global Circular Knitting Machine Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Global Circular Knitting Machine Market?
Baiyuan Machine, Mayer & Cie, Terrot, Santoni and Fukuhara are the major companies operating in the Global Circular Knitting Machine Market.
Which is the fastest growing region in Global Circular Knitting Machine 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 Circular Knitting Machine Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Circular Knitting Machine Market.
What years does this Global Circular Knitting Machine Market cover?
The report covers the Global Circular Knitting Machine Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Circular Knitting Machine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Circular Knitting Machine Industry Report
Statistics for the 2023 Circular Knitting Machine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Circular Knitting Machine analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
