The global circular
knitting machine market is expected to display higher growth rate over
the next seven years due to the use of circular knitting machine for production
of protective wear, sportswear, shapewear, casuals, and winter wear. Increasing
preference towards circular knitting machines over traditional devices for bulk
manufacturing of large diameter fabrics is expected to boost market demand in
the upcoming years.
Use of circular knitting machine for
production of circular knit beds is propelling market growth as well, in the
recent years. Globally, the market is predicted to generate massive revenue
over next seven years, providing numerous opportunities for market players to
invest for research and development in the circular knitting machine market.
Circular knitting machine are increasingly
used for production of technical textiles, which are used in various end-user
industries. Different types of fabrics are manufactured with help of technical
textile fabrics, which are manufactured the circular knitting machines.
Increasing demand for circular knitting machine from apparel manufacturers to
produce complex & tailor-made fabrics with diverse knitting construction
patterns is expected to play major contributing factor for industry expansion
over the forecast period. Development of cost-effective circular knitting
machine by industry participants with high performance capabilities are
expected to favor market growth in the recent years. In addition, presence of
vast number of Omni-channels for distribution network is expected to passively
influence market growth.
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The circular knitting machines are
typically used to produce 2-sided fabrics, fleece, blister, interlock, rib,
jacquard, mattress ticking, needle set-out, plated plush, transfer technique,
waffle etc. Use of dyed and raw yarns as base materials is predicted to offer
numerous growth opportunities for local manufactures over the next seven years.
The market is broadly categorized into
six major segments based on the application type such as automotive fabrics,
home textiles, medical textiles, sports & leisurewear, swimwear and
technical textiles. The automotive fabrics is considered as one of the fastest
growing segment in the with substantial revenue generation in the last few
years. Growing popularity of sports & leisurewear segment is attributed to
the higher market penetration and increasing disposable income in both
developing & developed economies across the globe.
The market is divided by region as
North America, Europe, Asia-Pacific, Latin America and Africa. North America
has shown major growth in recent years owing to the rise in the implementation
of latest technologies in textile sector, increase in the number of research
& development activities in the region and existence of well-established
manufacturing infrastructure.
Asia-Pacific region is predicted to
hold major market share in the circular knitting machine market with massive
growth in forecast period. Countries such as India, China and Singapore are
leading the Asia-Pacific market with increasing demand for apparels, massive
growth in textile sector, ever-growing population, rising per capita income,
and significant investment by leading industry players considering potential
growth opportunities in the region.
The key players in the circular knitting
machine market are Mayer & Cie., GmbH & Co., Terrot GmbH, Quanzhou
Baiyuan Machinery Science & Technology Co., Ltd., Santoni S.p.A, United
Texmac Pvt., Ltd., Fukuhara Industrial & Trading Co., Ltd., Tayu Machine
(Xiamen) Co., Ltd, and Santec Precision Machinery Co., Ltd.
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