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Knitting Machines Market Share

Report ID: GMI12507
Published Date: Dec 2024
Report Format: PDF

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Knitting Machines Market Share

In 2023, key companies like Mayer & CIE, Pailung, Shima Seiki, Stoll, and Fukuhara held a combined market share of 15%-20%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Leading manufacturers are investing in automation, digitalization, and smart technologies like Industry 4.0, IoT-enabled machinery, and AI-driven systems to boost efficiency and meet customization demands. Manufacturers are also expanding in emerging markets such as Asia-Pacific, Latin America, and Africa, where the growing textile industry is increasing the need for textile machinery.

Knitting Machines Market Companies

Major players operating in the knitting machines industry are:

Flying Tiger
Fukuhara
Hanma group
Jingwei Textile Machinery
Lamb
Lisky
Mayer & CIE
Orizio
Pai Lung
Santoni
Shima Seiki
Stoll
Tompkins
Yamato Sewing Machine
Zentex

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global knitting machines industry was valued at USD 4.9 billion in 2023 and is estimated to grow at a CAGR of over 5.4% from 2024 to 2032, driven by rising demand for textiles and apparel, technological advancements, and automation.

The weft knitting machines segment accounted for approximately USD 3.4 billion in revenue in 2023 and is estimated to grow at a CAGR of around 5.5% from 2024 to 2032, thanks to seamless knitting technology that reduces fabric waste and labor costs.

The U.S. knitting machines market was valued at USD 1.2 billion in 2023 and is estimated to grow at a CAGR of over 5.3% from 2024 to 2032, driven by rising demand for automated manufacturing, technological advancements, and government support.

Key players in the industry include Flying Tiger, Fukuhara, Hanma Group, Jingwei Textile Machinery, Lamb, Lisky, Mayer & CIE, Orizio, Pai Lung, Santoni, Shima Seiki, and Stoll.