Increasing Investment in Knitting Machines is expected to boost the overall Market Growth
The global knitting machines market was valued at US$ 7.06 Bn in the year 2021 and expected to reach US$ 11.27 Bn by year 2030, expanding at a CAGR of 4.0% during the forecast from 2022 to 2030. Knitting accounted for more than 30% of the total fabric production in the global textile market in the year 2018. Therefore, constant innovation in the knitting technology such as new machine designs and multi-gauge technologies has restored the textile market from global financial crash during 2007 to 2008. Besides this, significant investment by market players for nylon knitting, automated knitting plants and other new knitting technologies has also prominently driven the market growth. In February 2017, Texollini Inc. invested US$ 2 million for installing new circular knitting machine, also new dyeing and finishing machines. In addition, ever-changing clothing trend has triggered the knitting machines market players to transform the knitwear industry from functional to fashionable.Medical Textile Segment is predicted to witness lucrative growth during the Forecast Period
Medical textile is an unavoidable segment of the healthcare industry. Continuous innovation in the field of medical textiles has significantly driven the knitting machines market in the medical sector. Non-woven textiles presently dominate the total medical textile industry with around 60% consumption share. However, knitted fabrics are the basic structure to develop high-tech medical textiles such as medical patches, artificial blood vessels, and scaffolds for tissue engineering. In the wake of same, knitted medical textiles is expected to grapple closely with the non-woven textiles and project fastest growth of the segment in years to come. Furthermore, increasing demand for high-tech textiles in healthcare segment has also provided lucrative opportunities to the knitting machine manufacturers. Increasing awareness regarding unique benefits and its versatile applications are the other important factors that have prominently triggered the market growth.Asia Pacific is projected to garner the Highest Growth during Forecast Period
Asia Pacific is the most lucrative region for the global knitting machines market and show glimpses of being one of the dominating regions during the forecast period. The robust growth of the region is primarily driven by the steep growth of automobile, clothing, and healthcare sectors in the region. Prominent growth in the above mentioned sectors have magnificently increased the demand of knitted fabrics in the Asian countries. Additionally, the Asian knitters are also focusing towards their regional expansion. For instance, in July 2019, a Hong Kong manufacturer, Wai Chi Kai Knitting Company invested US$ 1 Bn in its new manufacturing site in Vietnam.Day by day knitted products are gaining pace in the South Asian countries. In 2018, Bangladesh claimed 40% of its total export earnings are from knitted products. On the contrary, increasing yarn prices coupled with increased production cost is expected to hinder the knitted products market growth in some of the south Asian countries.
Key Players & Competitive Landscape:
The burgeoning demand for knitted fabrics has upend the textile industry within past few years. As a result, several new players are entering the market to capitalize this lucrative business opportunity. On the other hand, market leaders are maintaining their strong footprint in the market by advancing their value chain and adopting new automation features and seamless manufacturing in the knitting technology. In addition, the market players are also focused towards regional expansion to avail the alluring opportunities offered by the government of developing nations in the knitted fabrics market such as low labor cost and favorable regulations.Some of the prominent players listed in the global knitting machines market report includes Shima Seiki Mfg Ltd., Santoni S.p.A., Sangiacomo, Pai Lung Machinery Mill Co. Inc., Terrot GmbH, Karl Mayer Textilmaschinenfabrik GmbH, Groz Beckert KG, Mayer & Cie. GmbH & Co. KG (MCT), Orizio S.r.l., Monarch Knitting Machinery Corp., H. Stoll AG & Co. KG, Steiger Participations Sa, Matsuya Industries, Keum Yong Textile Machinery, and Busi Giovanni S.r.l. among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Knitting Machines market are as follows:- Research and development budgets of manufacturers and government spending
- Revenues of key companies in the market segment
- Number of end users and consumption volume, price and value.
- Geographical revenues generate by countries considered in the report
- Micro and macro environment factors that are currently influencing the Knitting Machines market and their expected impact during the forecast period.
Market Segmentation
Machine
- Weft Knitting Machine
- Warp Knitting Machine
Application
- Automotive Fabrics
- Home Textiles
- Medical Textiles
- Sports & Leisurewear
- Swimwear
- Technical Textiles
- Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Knitting Machines market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Knitting Machines market?
- Which is the largest regional market for Knitting Machines market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Knitting Machines market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Knitting Machines market worldwide?
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Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Knitting Machines Market
2.2. Global Knitting Machines Market, By Machine, 2021 (US$ Million)
2.3. Global Knitting Machines Market, By Application, 2021 (US$ Million)
2.4. Global Knitting Machines Market, By Geography, 2021 (US$ Million)
2.5. Attractive Investment Proposition by Geography, 2021
3. Knitting Machines Market: Competitive Analysis
3.1. Market Positioning of Key Knitting Machines Market Vendors
3.2. Strategies Adopted by Knitting Machines Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030
4. Knitting Machines Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Knitting Machines Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis
5. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Weft Knitting Machine
5.3.2. Warp Knitting Machine
6. Knitting Machines Market: By Application, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Automotive Fabrics
6.3.2. Home Textiles
6.3.3. Medical Textiles
6.3.4. Sports & Leisurewear
6.3.5. Swimwear
6.3.6. Technical Textiles
6.3.7. Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
7. North America Knitting Machines Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
7.3. Knitting Machines Market: By Application, 2020-2030, USD (Million)
7.4.Knitting Machines Market: By Region, 2020-2030, USD (Million)
7.4.1.North America
7.4.1.1. U.S.
7.4.1.1.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
7.4.1.1.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
7.4.1.2. Canada
7.4.1.2.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
7.4.1.2.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
7.4.1.3. Rest of North America
7.4.1.3.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
7.4.1.3.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8. UK and European Union Knitting Machines Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.3. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8.4.Knitting Machines Market: By Region, 2020-2030, USD (Million)
8.4.1.UK and European Union
8.4.1.1. UK
8.4.1.1.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.4.1.1.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8.4.1.2. Germany
8.4.1.2.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.4.1.2.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8.4.1.3. Spain
8.4.1.3.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.4.1.3.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8.4.1.4. Italy
8.4.1.4.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.4.1.4.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8.4.1.5. France
8.4.1.5.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.4.1.5.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
8.4.1.6. Rest of Europe
8.4.1.6.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
8.4.1.6.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9. Asia Pacific Knitting Machines Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.3. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9.4.Knitting Machines Market: By Region, 2020-2030, USD (Million)
9.4.1.Asia Pacific
9.4.1.1. China
9.4.1.1.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.4.1.1.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9.4.1.2. Japan
9.4.1.2.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.4.1.2.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9.4.1.3. India
9.4.1.3.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.4.1.3.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9.4.1.4. Australia
9.4.1.4.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.4.1.4.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9.4.1.5. South Korea
9.4.1.5.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.4.1.5.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
9.4.1.6. Rest of Asia Pacific
9.4.1.6.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
9.4.1.6.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
10. Latin America Knitting Machines Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
10.3. Knitting Machines Market: By Application, 2020-2030, USD (Million)
10.4.Knitting Machines Market: By Region, 2020-2030, USD (Million)
10.4.1.Latin America
10.4.1.1. Brazil
10.4.1.1.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
10.4.1.1.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
10.4.1.2. Mexico
10.4.1.2.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
10.4.1.2.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
10.4.1.3. Rest of Latin America
10.4.1.3.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
10.4.1.3.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
11. Middle East and Africa Knitting Machines Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
11.3. Knitting Machines Market: By Application, 2020-2030, USD (Million)
11.4.Knitting Machines Market: By Region, 2020-2030, USD (Million)
11.4.1.Middle East and Africa
11.4.1.1. GCC
11.4.1.1.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
11.4.1.1.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
11.4.1.2. Africa
11.4.1.2.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
11.4.1.2.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
11.4.1.3. Rest of Middle East and Africa
11.4.1.3.1. Knitting Machines Market: By Machine, 2020-2030, USD (Million)
11.4.1.3.1. Knitting Machines Market: By Application, 2020-2030, USD (Million)
12. Company Profile
12.1. Shima Seiki Mfg Ltd.
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Santoni S.p.A.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. Sangiacomo
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Pai Lung Machinery Mill Co. Inc.
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Terrot GmbH
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Karl Mayer Textilmaschinenfabrik GmbH
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Groz Beckert KG
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Mayer & Cie. GmbH & Co. KG (MCT)
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Orizio S.r.l.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. Monarch Knitting Machinery Corp.
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. H. Stoll AG & Co. KG
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Steiger Participations Sa
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
12.13. Matsuya Industries
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Portfolio
12.13.4. Strategic Initiatives
12.14. Keum Yong Textile Machinery
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Portfolio
12.14.4. Strategic Initiatives
12.15. Busi Giovanni S.r.l.
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Portfolio
12.15.4. Strategic Initiatives
List of Figures
Figure 1 Global Knitting Machines Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Knitting Machines Market: Quality Assurance
Figure 5 Global Knitting Machines Market, By Machine, 2021
Figure 6 Global Knitting Machines Market, By Application, 2021
Figure 7 Global Knitting Machines Market, By Geography, 2021
Figure 8 Market Geographical Opportunity Matrix - Global Knitting Machines Market, 2021
Figure 9 Market Positioning of Key Knitting Machines Market Players, 2021
Figure 10 Global Knitting Machines Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 11 Global Knitting Machines Market, By Machine, 2021 Vs 2030, %
Figure 12 Global Knitting Machines Market, By Application, 2021 Vs 2030, %
Figure 13 U.S. Knitting Machines Market (US$ Million), 2020 - 2030
Figure 14 Canada Knitting Machines Market (US$ Million), 2020 - 2030
Figure 15 Rest of North America Knitting Machines Market (US$ Million), 2020 - 2030
Figure 16 UK Knitting Machines Market (US$ Million), 2020 - 2030
Figure 17 Germany Knitting Machines Market (US$ Million), 2020 - 2030
Figure 18 Spain Knitting Machines Market (US$ Million), 2020 - 2030
Figure 19 Italy Knitting Machines Market (US$ Million), 2020 - 2030
Figure 20 France Knitting Machines Market (US$ Million), 2020 - 2030
Figure 21 Rest of Europe Knitting Machines Market (US$ Million), 2020 - 2030
Figure 22 China Knitting Machines Market (US$ Million), 2020 - 2030
Figure 23 Japan Knitting Machines Market (US$ Million), 2020 - 2030
Figure 24 India Knitting Machines Market (US$ Million), 2020 - 2030
Figure 25 Australia Knitting Machines Market (US$ Million), 2020 - 2030
Figure 26 South Korea Knitting Machines Market (US$ Million), 2020 - 2030
Figure 27 Rest of Asia Knitting Machines Market (US$ Million), 2020 - 2030
Figure 28 Brazil Knitting Machines Market (US$ Million), 2020 - 2030
Figure 29 Mexico Knitting Machines Market (US$ Million), 2020 - 2030
Figure 30 Rest of Latin America Knitting Machines Market (US$ Million), 2020 - 2030
Figure 31 GCC Knitting Machines Market (US$ Million), 2020 - 2030
Figure 32 Africa Knitting Machines Market (US$ Million), 2020 - 2030
Figure 33 Rest of Middle East and Africa Knitting Machines Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 2 Global Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 3 North America Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 4 North America Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 5 U.S. Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 6 U.S. Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 7 Canada Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 8 Canada Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 9 Rest of North America Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 10 Rest of North America Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 11 UK and European Union Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 12 UK and European Union Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 13 UK Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 14 UK Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 15 Germany Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 16 Germany Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 17 Spain Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 18 Spain Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 19 Italy Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 20 Italy Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 21 France Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 22 France Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 23 Rest of Europe Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 24 Rest of Europe Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 25 Asia Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 26 Asia Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 27 China Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 28 China Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 29 Japan Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 30 Japan Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 31 India Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 32 India Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 33 Australia Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 34 Australia Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 35 South Korea Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 36 South Korea Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 37 Latin America Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 38 Latin America Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 39 Brazil Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 40 Brazil Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 41 Mexico Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 42 Mexico Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 43 Rest of Latin America Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 44 Rest of Latin America Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 45 Middle East and Africa Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 46 Middle East and Africa Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 47 GCC Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 48 GCC Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 49 Africa Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 50 Africa Knitting Machines Market By Application, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Knitting Machines Market By Machine, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Knitting Machines Market By Application, 2020-2030, USD (Million)
Companies Mentioned
- Shima Seiki Mfg Ltd.
- Santoni S.p.A.
- Sangiacomo
- Pai Lung Machinery Mill Co. Inc.
- Terrot GmbH
- Karl Mayer Textilmaschinenfabrik GmbH
- Groz Beckert KG
- Mayer & Cie. GmbH & Co. KG (MCT)
- Orizio S.r.l.
- Monarch Knitting Machinery Corp.
- H. Stoll AG & Co. KG
- Steiger Participations Sa
- Matsuya Industries
- Keum Yong Textile Machinery
- Busi Giovanni S.r.l.