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Knitting Machines Market Size

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

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Knitting Machines Market Size

The global knitting machines market size 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. The global market is growing steadily, driven by rising demand for textiles and apparel, technological advancements, automation, and the expanding sportswear and home textiles sectors.

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Increasing global population and urbanization are boosting the need for clothing and textiles. Emerging economies, especially in the fashion and apparel industries, require advanced knitting machines to produce diverse fabrics efficiently. Innovations like computerized and automatic knitting machines have improved production efficiency and precision. Manufacturers are adopting automation to enhance efficiency, reduce labor costs, and meet the demand for customized products.

Furthermore, textile manufacturing is rapidly growing in Asia-Pacific and Africa due to cost-effective labor and rising local demand. This progression is leading to increased investments in knitting machines. In India, government initiatives are supporting the textile sector through technology upgrades, infrastructure development, skill enhancement, and sectoral progress, fostering a favorable environment for textile manufacturing and boosting the market.

Knitting Machines Market Report Attributes
Report Attribute	Details
Base Year:	2023
Knitting Machines Market Size in 2023:	USD 4.9 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	4.9%
2024 – 2032 Value Projection:	USD 7.9 Billon
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Type, Knit Type, Mode of Operation, End Use Industry, Distribution Channel and Region
Growth Drivers:	Rising demand for textiles and apparel Expanding sportswear and home textiles sectors
Pitfalls & Challenges:	Raw material price fluctuations Supply chain disruptions

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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.