Knitted Fabrics Market

Knitted Fabrics Market Outlook (2023 to 2033)

The global knitted fabrics market is estimated to be worth US$ 27.99 billion in 2023. Demand for knitted fabrics is forecasted to rise at a 5.1% CAGR and reach US$ 46.03 billion by the end of 2033.

Expansion of the apparel industry is predicted to drive growth opportunities in the global knitted fabrics market in the coming decade. The rising importance of knitted fabrics in the medical, manufacturing, construction, and automobile industries is also projected to boost market growth opportunities.

• Demand for knitted fabrics in the automotive sector is predicted to rise at a CAGR of 4.3% and reach a market valuation of US$ 10.54 billion by the end of 2033.
• The United Kingdom market is set to expand at a CAGR of 3.9% and reach US$ 2.25 billion by 2033-end.
• Demand for knitted fabrics in Japan is predicted to advance at a CAGR of 2.9% and reach US$ 1.2 billion by the end of 2033.

Increasing preference for high-performance and lightweight knitwear is boosting requirements for feathery raw materials, including synthetic, faux fur, silk, linen, and polypropylene. Woven fabrics are used as a replacement for bulked yarns that are manufactured from knitted fabrics. Demand for large shawls, scarves, cardigans, and loop stitch jackets from the apparel industry has been growing in the past few years. Colors such as beige, timeless black, grey, and brown are gaining popularity on a global scale.

Feather-light circular knit fabrics are generating high demand in the hosiery market owing to the better breathability of these materials. In the protective clothing industry, lightweight knitted textiles are becoming popular globally. Durable, anti-tear, and sponge-like materials are used in either single or double layers in numerous protective clothes.

Preference for comfortable, soft, and wrinkle-resistant textiles in denim garments is rising, which is further expected to boost demand for knitted fabrics. The growing importance of synthetic fibers in the apparel and construction industries is projected to stimulate growth opportunities in the coming decade. In recent years, there has been a significant increase in the utilization of fiber within the construction sector. Fiber is employed as geotextiles in various applications such as roads, dams, walls, and roofs.

Fact.MR, a research and competitive intelligence provider, has published a report on the global knitted fabrics market. The report offers a thorough analysis of key industry aspects that include recent developments, growth opportunities, key trends, regional analysis, etc.

Report Attributes	Details
Knitted Fabrics Market Size (2023)	US$ 27.99 Billion
Projected Market Value (2033)	US$ 46.03 Billion
Global Market Growth Rate (2023 to 2033)	5.1% CAGR
Warp-Knitted Segment Value (2033)	US$ 26.29 Billion
China Market Growth Rate (2023 to 2033)	5.9% CAGR
United States Market Growth Rate (2023 to 2033)	5.6% CAGR
Japan Market Value (2033)	US$ 1.2 Billion
Key Companies Profiled	BSL Limited INVISTA S.R.L. Paulo de Oliveira S.A. Successor REDA S.p.A. Sinopec Yizheng Chemical Fiber Company Ltd. Rhodia SA Lu Thai Textile Co. Ltd. China Textiles Ltd. Li & Fung Group JCT Limited Mayor Suitings Ltd. Paramount Textile Mills Ltd. Modern Woollens Ltd. Shandong Jining Ruyi Woolen Textile Co. Ltd.

Why is Global Demand for Knitted Fabrics Rising Steadily?

“Growing Demand for Apparel Made from Lightweight Materials Offering Improved Ventilation”

Various types of lightweight circular knit textiles are becoming popular in the hosiery sector. Knitted textiles have the ability to offer improved ventilation. Lightweight knitted materials are used in the manufacturing of protective apparel. Growing demand for apparel with lightweight materials is predicted to generate lucrative opportunities for industry players over the next 10 years.

“Increasing Use of 3D Knitting Technologies”

Demand for artificial intelligence, automation, and 3D knitting technologies is increasing in the textile industry. The requirements for enhanced productivity are stimulating manufacturers to look for advanced production methods. Certain noteworthy developments in the performance knitted fabrics domain are taking place in this regard.

For instance :

• Polymer specialists Covestro and Polymaker announced the release of their 3D printable fabrics in 2020. This newly designed fabric was an outcome of their joint venture. The companies developed a new processing technology while establishing a collaboration with two manufacturers of 3D printers.
• According to Polymaker, these printing approaches are environmentally friendly alternatives to conventional weaving. The companies claim that this innovation can help in the transformation and upgradation of 3D printed fabrics “from artwork to industrialization.”

What are the Challenges Restraining the Demand Growth for Knitted Fabrics?

“Increasing Prices of Cotton and Easy Availability of Counterfeit Products”

The price of cotton has been increasing in recent years due to environmental changes that have an adverse impact on overall production. Therefore, the cost of cotton increases due to differences in demand and supply. This factor is predicted to result in the increased cost of knitted fabrics, which is further restraining their adoption.

Easy availability of some counterfeit products around the world at lower prices can hinder knitted fabric sales.

What are the Opportunities for New Entrants in This Market?

“Adoption of 3D Knitting Machines by Start-ups for Product Customization”

There are several start-up companies that are adopting 3D knitting machines to increase productivity. These machines are used to knit multiple yarns with the use of digitally stored information. The technology is also useful to offer customized solutions to consumers while saving time as well as the costs of manufacturers.

Country-wise Insights

What Makes the United States a Lucrative Market for Manufacturers of Knitted Fabrics?

“High Demand for Cotton Outdoor Wear and T-shirts”

The United States market is expected to advance at a CAGR of 5.6% and reach a valuation of US$ 13.95 billion by the end of 2033.

Increasing demand for cotton fabrics for the production of outdoor wear and T-shirts is contributing to the rising sales of knitted fabrics in the United States. In addition, they are also being used at a significant rate for textile raw materials, yarns, fabrics, home furnishings, and garments.

What are the Sales Projections for Knitted Fabrics in the United Kingdom?

“Favourable Government Policies Promoting Growth of Textile Industry”

Sales of knitted fabrics in the United Kingdom are projected to expand at a 3.9% CAGR and reach a market value of US$ 2.25 billion by 2033-end. Favorable government policies along with trade agreements are predicted to contribute to the increasing sales of knitted fabrics in the United Kingdom.

What’s Attracting Suppliers of Knitted Fabrics to South Korea?

“Wide Utilization of Knitted Fabrics across Manufacturing, Construction, Automotive, and Medical Sectors”

The South Korean market is expected to expand at a 4% CAGR and reach a valuation of US$ 1.61 billion by the end of 2033.

Expansion of the country’s apparel industry is estimated to contribute to the growth of the target market. The rising importance of knitted fabrics in the manufacturing, construction, automotive, and medical sectors is expected to widen the horizon for industry players.

Category-wise Insights

Which Type of Knitted Fabric Accounts for High Demand?

“Growing Demand for Warp-Knitted Fabrics from Home Décor, Construction, and Automotive Sectors”

Demand for warp-knitted fabrics is estimated to rise at a CAGR of 5.5% and reach a valuation of US$ 26.29 billion by the end of 2033. The segment is predicted to hold a 57% share of the global market by the end of 2033.

Warp-knitted fabrics are widely used in different sectors, including manufacturing, home décor, interior wear & accessories, clothing, building & construction, and automotive.

Why are Knitted Fabrics Extensively Used in the Automotive Sector?

“Cushioning Properties of Knitted Fabrics Driving Up Their Demand in Automotive Industry”

Clothing, civil engineering, aerospace, automotive, construction, medical, and agricultural are some prominent sectors, which are fueling demand for knitted fabrics. Among these, the automotive sector is predicted to hold a significant share of the global market revenue. Sales of knitted fabrics are estimated to expand at a CAGR of 4.3% and reach a valuation of US$ 10.54 billion by 2033-end.

Knitted fabrics are used extensively in the automotive sector due to their cushioning characteristics. They are utilized in the manufacturing of protective lining and roofs, airbags, and car seats.

Key Market Players

Key providers of knitted fabrics are investing heavily in new developments and maintaining product quality. They are also focusing on maintaining the effectiveness of the supply chain management system.

Key companies in the knitted fabrics market are Paulo de Oliveira S.A., BSL Limited, Lu Thai Textile Co. Ltd., INVISTA S.R.L., Successor REDA S.p.A., Sinopec Yizheng Chemical Fiber Company Ltd., Rhodia SA, Li & Fung Group, JCT Limited, China Textiles Ltd., Mayor Suitings Ltd., Paramount Textile Mills Ltd., Modern Woollens Ltd., and Shandong Jining Ruyi Woolen Textile Co. Ltd.

Segmentation of Knitted Fabrics Industry Research

• By Fabric :

  • Weft-Knitted
  • Warp-Knitted

• By Application :

  • Clothing
  • Civil Engineering
  • Aerospace
  • Automotive
  • Construction
  • Medical
  • Agricultural

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa