Knitting Machine Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
A knitting machine is used for manufacturing fabrics. These knitting machines are used for manufacturing automotive textiles, home textiles, lingerie, mosquito nets, lightweight coating substrates, sportswear/swimwear, lining fabrics, outerwear, etc. Apart from this, these machines are compatible for a wide range of fabric materials including polyethylene, nylon, polyester, polypropylene, and natural fibers. The market for knitting machine is growing constantly over the years and was totaled at a value of USD XXX Million in 2019. The global knitting machine market is expected to thrive at a CAGR of 3.8% during the forecast period to reach a valuation of USD XXX Million by 2025.
Growth Drivers & Restraints:
The knitting machine market has been growing on the back of rapid growing textile industry across the globe. The world is witnessing great demand for home textiles, fashion clothes, sportswear, medical wear, automotive textiles, and others. This rising demand for textiles from different industry has encouraged fabric manufacturers to expand their production capabilities which in turn increases the sales of knitting machines throughout the world. Rising demand for synthetic knitted products across the world is driving the demand for warp knitting machines. Apart from this, technological advancements with knitting machines such as atomization of knitting machines are also expected to foster the demand for knitting machines across the globe. The textile industry contributes significantly to the world’s GDP. With rising, employment and governments support to the textile industry are predicted to foster the growth of knitting machine market in the coming years. Based on the type, the market is segmented by weft knitting machine (circular knitting machine, flat bar knitting machine, and straight bar knitting machine), and warp knitting machine (tricot knitting machine, raschel knitting machine, and others). Among other types of knitting machines, weft knitting machines acquired promising shares in the global knitting machines market.
However, a major part of the textile industry is highly un-organized in almost every country. Presence of a large number of small and independent fabric manufactures, who use traditional methods of fabric manufacturing are adversely affecting the growth of the knitting machine market. Also, knitting machines have quite long replacement cycle and due to this, small manufacturers are opting for used knitting machine which in turn may hamper the demand for new knitting machines.
The research offers a comprehensive analysis of knitting machine market with respect to following sub-markets:
- Weft Knitting Machine
- Circular Knitting Machine
- Flat Bar Knitting Machine
- Straight Bar Knitting Machine
- Warp Knitting Machines
- Tricot Knitting machine
- Raschel knitting machine
- Automotive Textiles
- Apparel Textiles
- Home Textiles
- Sports Textiles
- Technical Textiles
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as:
- Mayer & Cie. GmbH & Co. KG
- SANTONI SPA
- SHIMA SEIKI MFG., LTD.
- Baiyuan Machine
- ORIZIO SRL
- Pailung Machinery Mill Co.Ltd.
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in knitting machine market.
Timeline Considered for Analysis:
- 2019- Base Year
- 2020 – Estimated Year
- 2020 to 2025 – Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global knitting machine market by the following segments:
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global knitting machine Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?