Analysis of Industrial Knitting Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
Industrial Knitting Equipment Market Size (2022E)
US$ 1.26 Billion
Forecasted Market Value (2032F)
US$ 1.78 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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“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.
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“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
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“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.
“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.
“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.
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.
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The global industrial knitting equipment market stands at US$ 1.26 billion.
China dominates the global landscape with 17.5% market share.
Europe leads the market with 24.1% share.
Industrial knitting equipment sales are predicted to rise at 3.5% CAGR.
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