Global Knitting Machinery Market

Knitting Machinery Market Analysis

The Global Knitting Machinery Market is expected to register a CAGR of 3.9% during the forecast period.

The panic caused by the COVID-19 outbreak has brought the demand for textile products both abroad and domestically to a halt. All textile-related factories are closed as a result of the lockdown.

Owing to the increasing demand for knitted apparel in a number of applications, including sportswear, casual wear, winter wear, protective wear, etc., the global market for industrial knitting machines is anticipated to witness significant growth during the forecast period. Increasing urbanization in the various countries of Asia Pacific is estimated to fuel the demand for knitted fabrics.

This, in turn, is estimated to contribute to the Asia Pacific industrial knitting machines market. North America and Europe are considered to be mature areas in the knitting industry, hence, are estimated to project moderate growth during the forecast period. The growing construction industry in Latin America is anticipated to contribute to the industrial knitting machines market in the near future.

Knitting Machinery Market Trends

Automotive Industry benefitting Knitting Industry

Automotive textile is an integral aspect of technical textile. Since it cannot be classified in apparel textile, it is more of a techno mechanical application of textile. Industrial textiles are widely used in transportation vehicles and systems including cars, trains, buses, airplanes and marine vehicles. Approximately 50 square yards of textile material is used in an average car for interior trim (seating areas headliners, side panels, carpets and trunk, lining, tires, filters, belts hoses, airbags etc.)

Carmakers are increasingly favoring the usage of weft knitted fabrics for upholstery. These fabrics are generally manufactured on circular knitting machines and process sequence follows yarn dye route.

Door kick panels, boot linings roof linings, parcel shelves and insulation (heat, sound, vibration etc.) materials are important examples for pre-assembled interior components. Coated laminated needle-punched non-woven and warp knits are the main materials used for the category.

With the onset of pandemic, people switched to personal vehicles rather than travelling in public transport whiich has given a huge boost to automobile sector.

China Leading Exporter of Knitted Fabrics

Polyester knitted fabrics are imported from China in a variety of types, including; Polyester knitted fabrics for making leggings, bonded fabric, warp-knit fabric, loop fabric, and warp knitting fabric. The majority of polyester knitted fabrics are imported from China into India these days and are mostly used in furnishings, sofas, and jackets. China's Shaoxing, Zhejiang Province is the most popular place to locate the factories.

In 2020, China exported approximately 16.27 billion U.S. dollars worth of knitted or crocheted fabrics to the rest of the world. That same year, the United States was the ninth largest exporter of knitted or crocheted fabrics, with exports valuing around 658.2 million U.S. dollars. The worldwide export value of knitted or crocheted fabrics was approximately 31.7 billion U.S. dollars in 2020.

Knitting Machinery Industry Overview

The report covers the major players operating in the knitting machinery industry. In terms of market share, the companies in the global knitting machinery industry 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 Shima Seiki Mfg Ltd., Santoni S.p.A., Groz Beckert KG, Pai Lung Machinery Mill Co. Inc, Terrot GmbH, Karl Mayer Textilmaschinenfabrik GmbH among others.

Knitting Machinery Market Leaders

Knitting Machinery Market News

• May 2022: KM.ON innovates and digitalizes the textile value chain with its offerings. The software company of the KARL MAYER Group is continuously developing new digital solutions to improve the customer experience, reduce complexity in our customers' day-to-day business and ultimately make their business more profitable.
• May 2022: The circular knitting machine manufacturer Mayer & Cie. is launching its upgrade kits for circular knitting machines that are already successfully in use by customers. With tailor-made packages, the company wants to give its users the opportunity to take advantage of technological progress in their existing machines. The aim is to improve the performance of the existing machines and to extend their service life.