Market Size of Global Circular Knitting Machine Industry
| 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 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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Global Circular Knitting Machine Market Size Summary
The circular knitting machine market is poised for growth, driven by factors such as rapid urbanization, increased demand for apparel, and advancements in textile industry automation. The market is experiencing a surge in demand for knitted apparel across various applications, including protective wear, sportswear, and winter wear. Circular knitting machines are favored for their ability to produce large diameter fabrics, making them ideal for bulk production. The adoption of technical textiles in diverse industries further propels the market, as these machines offer varied fabric constructions. Additionally, the demand for customized fabrics with complex knitting patterns is on the rise, presenting opportunities for market players. However, the presence of cheaper quality machines poses a challenge, prompting companies to explore expansion and omni-channel distribution strategies to maintain competitiveness.
The integration of Computer Aided Design (CAD) in the knitting sector has revolutionized the industry by enhancing efficiency and reducing errors in fabric simulation and design. This technological advancement has streamlined the production process, allowing for more realistic and efficient developments in knitwear. The trend towards lightweight casuals and comfort-oriented fashion has significantly boosted the growth of knitwear, with major fashion brands catering to the evolving preferences of the urban populace. The market is characterized by high competition and fragmentation, with key players like Baiyuan Machine, Mayer & Cie, Terrot, Santoni, and Fukuhara leading the charge. Recent partnerships and innovations, such as those by A.T.E. and SMIT S.r.l., highlight the ongoing efforts to modernize the textile industry, particularly in emerging markets like India.
Global Circular Knitting Machine 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 Single Circular Knitting Machines
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2.1.2 Double Circular Knitting Machines
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2.2 By Application
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2.2.1 Apparel Textiles
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2.2.2 Home Textiles
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2.2.3 Technical Textiles
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2.2.4 Medical Textiles
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2.2.5 Others
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2.3 By Region
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 France
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2.3.2.3 Italy
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2.3.2.4 Spain
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2.3.2.5 Germany
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2.3.2.6 Benelux
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Middle East & Africa
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2.3.4.1 South Africa
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2.3.4.2 Saudi Arabia
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2.3.4.3 United Arab Emirates
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2.3.4.4 Rest of Middle East & Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Rest of South America
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Global Circular Knitting Machine Market Size 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.
