By the end of 2032, industrial knitting equipment consumption is expected to exceed US$ 1.78 billion worldwide. The market for industrial knitting equipment is anticipated to reach US$ 1.26 billion in 2022 and expand at a 3.5% CAGR from 2022 to 2032, according to the most recent analysis released by Fact.MR, a supplier of market research and competitive information.
Fact.MR is compiling data on the market for industrial knitting in an effort to revolutionise the textile industry by producing yarn inside of knitting machines. To meet the demand from the general apparel, automotive, medical, and sporting goods industries, textiles are produced on a big scale. Sportswear such as shoes and swimwear, car seat covers, building-related geotextiles, and medical supplies are among the final goods.
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Key Takeaways from Market Study
- North America holds 21.9% of the market share.
- Europe contributes for 24.1% of the overall revenue.
- Circular knitting equipment is expected to dominate the market in the upcoming period.
- Knitting equipment is used to create knitted fabrics by interlacing one or more yarns with a single loop.
- China and Japan are expected to be the forerunners of growth in the region followed by India and Bangladesh which are emerging as the new textile hubs of the world.
- Based on the product, the industrial knitting equipment market is segmented into flat bed knitting equipment, auto stripe equipment, and circular knitting equipment.
“With various designs being produced through circular knitting equipment, the global industrial knitting equipment market is bound to flourish in the forecast period” says a Fact.MR analyst.
Market Developments
The manufacturers of textiles are emphasizing on cutting age technology for gaining better control over shape, design, and quality of finished products. This has actually helped the industrial knitting equipment market to garner fame.
- Researchers at ETH Zurich did construct a curved textile shell as tall as over 10 feet. It does form a portion of five-ton concrete structure. This knitting machine holds the distinction of converting digitally-generated pattern into double-layered textile structure within 36 hours.
- KM.ON (software company belonging to KARL MAYER Group), in May 2022, started developing novel digital solutions for improving customer experience.
- Mayer & Cie., in May 2022, launched the upgraded kits for the circular knitting machines already in use by customers. The packages are being provided in customized form.
Segments of Industrial Knitting Equipment Industry Research
- by Product:
- Flat Bed Knitting Equipment
- Semi-jacquard
- Jacquard
- Auto Stripe Equipment
- Circular Knitting Equipment
- Single Jersey
- Double Jersey
- Flat Bed Knitting Equipment
- by Automation Level:
- Semi-automatic Industrial Knitting Equipment
- Automatic Industrial Knitting Equipment
- by End Use:
- Technical Textiles
- Medical Textiles
- Automotive Textiles
- Readymade Clothes
- Others
- by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global Industrial Knitting Equipment market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by product (flat bed knitting equipment (semi-jacquard and jacquard), auto stripe equipment, and circular knitting equipment (single jersey and double jersey)), by automation level (semi-automatic and automatic), by end-use (medical textiles, technical textiles, automotive textiles, readymade clothes, and likewise)), and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).
Key Questions Covered in the industrial knitting equipment report
- What is the projected value of the industrial knitting equipment in 2023?
- At what rate will the global industrial knitting equipment grow until 2033?
- Which are the factors propelling the growth in the industrial knitting equipment?
- Which region is expected to lead in the global industrial knitting equipment during 2023 to 2033?
- Which are the factors driving the industrial knitting equipment during the forecast period?
- What is the expected market value of the industrial knitting equipment during the forecast period?
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