Industrial Knitting Equipment Market

Industrial Knitting Equipment Market Outlook (2022-2032)

Worldwide consumption of industrial knitting equipment is predicted to increase at a CAGR of 3.5% between 2022 and 2032. Currently, the global industrial knitting equipment market is valued at US$ 1.26 billion and is anticipated to reach US$ 1.78 billion by the end of 2032.

Demand for circular knitting equipment is increasing rapidly in the textile industry due to its ability to produce special fabrics at a high speed and of better quality.

Report Attributes	Details
Industrial Knitting Equipment Market Size (2022E)	US$ 1.26 Billion
Forecasted Market Value (2032F)	US$ 1.78 Billion
Global Market Growth Rate (2022-2032)	3.5% CAGR
North America Market Share (2022)	21.9%
Europe Market Share (2022)	24.1%
Key Companies Profiled	Mayer & Cie. GmbH & Co. KG Karl Mayer Terrot GmbH Shima Seiki Mfg., Ltd. Lamb Knitting Machine Corporation Kauo Heng Precision Machinery Industrial Co., Ltd. Shishi Zhenfu Knitting Machinery Co., Ltd. Fung Chang Industrial Co., Ltd. Taiwan Giu Chun Industrial Co., Ltd.

Revenue Analysis of Industrial Knitting Equipment (2017-2021) Vs. Market Outlook (2022-2032)

“Rising Need for Industrial Knitting Equipment in Textile Industry”

According to Fact.MR, a market research and competitive intelligence provider, sales of industrial knitting equipment are projected to rise at a CAGR of 3.5% from 2022 to 2032.

Knitting equipment is used to create knitted fabrics by interlacing one or more yarns with a single loop. The idea of creating yarn right at the knitting machine spurred a revolution in the textile industry, even though industrial knitting facilities first developed in the late 18th century.

For the mass manufacture of textiles for many industries, such as automotive, medical, sporting goods, and general apparel, industrial knitting machines are employed. Industrial knitting equipment is used to create a variety of products, including sportswear such as swimsuits and shoes, seat covers for cars, medical textiles, geotextiles for buildings, mosquito nets for homes & furnishings, and more.

Rising demand for industrial knitting equipment from apparel industries driving the market growth. Apparel industries are opting for such equipment for their loop stitch jackets, cardigans, large shawls, scarfs, etc.

What are the Key Market Dynamics for Industrial Knitting Equipment?

“Rising Demand for 3D Industrial Knitting & Performance Evaluation of Industrial Knitting Machines”

A recent breakthrough in the knitted fabrics industry finally shows the potential to open up new prospects in the textile market. Researchers at Carnage Mellon University have written a sophisticated algorithm that can transform 3D designs into stitch-by-stitch instructions for industrial knitting equipment.

The newfound discovery can aid textile manufacturers in producing custom sizes and designs at affordable costs. The algorithm breaks down 3D meshes into step-by-step instructions for V-bed knitting machines. With the algorithm, garment manufacturers with proficient designing knowledge would be able to input 3D designs or meshes as instructions for the machine to knit.

The feature will, therefore, allow manufacturers to work without the requirement of expert knowledge of computer programming. The technology could pioneer the industry towards a new market for custom-sized and designed apparel.

Monitoring systems to observe and note the operations of knitting machine offers the potential to evaluate the performance of a machine which, in turn, aid in the calculation of the overall productivity of the plant.

A crucial aspect that influences the quality and the quantity of production in industrial knitting is the number of faults a machine commits while operating. The information about the frequency and extent of faults allows manufacturers to plan production and evaluate the overall productivity of the plant.

Ongoing research in the area aims to detect, identify, and locate the faults committed by knitting machines during production by monitoring the yarn input tension. The system can potentially help garment makers in identifying flaws in production and address them to enhance quality and productivity. Such developments are expected to aid in improving the quality of industrial knitting equipment

How are New Industrial Knitting Equipment Manufacturers Evolving?

“New Companies Advancing with Technological Advancements & Product Enhancement”

New entrants in the industrial knitting machines market are concentrating on enhancing the quality of products. The novel loop transfer technology incorporated in circular knitting machines allows for the seamless transfer of stitches thereby enabling manufacturers to produce structured designs and shaped fabrics.

Some mechanisms and equipment that allow industrial knitting equipment providers to have more control over the quality of products are ultra-fine gauge circular knitting machines and pile and silver insertion mechanisms.

• A start-up in the knitting equipment sector based in Portugal – Smartex - offers smart fabrics with sensing devices for a variety of uses. This new company offers "The Smartex Solution." It is a designed solution based on computer vision and IoT that aims to assist producers of textile fabrics in increasing production yields by cutting the percentage of defective production to almost zero.

Which Regions are Highly Lucrative Markets for Industrial Knitting Equipment Suppliers?

“Rising Initiatives to Promote Knitting Equipment Usage and High Urban Population in Europe and North America”

Europe accounts for 24.1% share of the global industrial knitting equipment market owing to the demand for localized textiles and the adoption of advanced technology in the region. Increasing initiatives to promote the utility of knitting equipment across verticals are expected to further propel the growth of the industrial knitting equipment market in the region.

North America has a high contribution to driving the industrial knitting equipment market with 21.9% share. Increasing urbanization, rising adoption of automatic knitting machines, and the presence of industrial knitting equipment manufacturers are driving the market growth in the region.

The industrial knitting equipment market is expected to witness the highest growth in the Asian Pacific region on the back of the availability of cheap raw materials and labor in the region. China and Japan are expected to be the forerunners of growth in the region followed by India and Bangladesh which are emerging as the new textile hubs of the world.

Which Industrial Knitting Product Dominates the Market?

“Growing Usage of Circular Knitting Equipment to Create Unique & Variety of Designs”

Based on the product, the industrial knitting equipment market is segmented into flat bed knitting equipment, auto stripe equipment, and circular knitting equipment. Demand for circular knitting equipment is expected to rise at a significant CAGR over the forecast period.

The machine structure of circular knitting equipment has needles and yarn feeds organized in a circular direction. Particularly to meet the needs of applications such as smooth fabrics and larger gauge fabric structures, circular knitting machines assist in the production of longer and wider fabrics.

A seamless tube of fabric falls into the interior bottom of the circular knitting equipment as it is fed with yarns of a particular count. With many stitch patterns, the circular knitting equipment can produce a variety of designs. Additionally, raw and dyed yarns are put into the circular knitting equipment.

Competitive Landscape

Textile manufacturers are focusing on the new-age technology to gain more control over the design, shape, and quality of the finished products which has helped industrial knitting equipment garner popularity.

Advancements in technology and breakthroughs in multiple verticals have enabled researchers to experiment with the utility of knitting equipment in verticals other than the textile industry.

For instance :

• Riding on the idea of using knitting equipment beyond the textile industry, researchers at ETH Zurich constructed a curved textile shell over 10 feet tall, which forms a part of a five-ton concrete structure. A knitting machine converted the digitally-generated pattern into a double-layered textile structure in 36 hours.

Segments of Industrial Knitting Equipment Industry Research

• Industrial Knitting Equipment Market by Product :

  • Flat Bed Knitting Equipment
    • Semi-jacquard
    • Jacquard
  • Auto Stripe Equipment
  • Circular Knitting Equipment
    • Single Jersey
    • Double Jersey

• Industrial Knitting Equipment Market by Automation Level :

  • Semi-automatic Industrial Knitting Equipment
  • Automatic Industrial Knitting Equipment

• Industrial Knitting Equipment Market by End Use :

  • Technical Textiles
  • Medical Textiles
  • Automotive Textiles
  • Readymade Clothes
  • Others

• Industrial Knitting Equipment Market by Region :

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