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In the dynamic textile industry, knitted fabric manufacturers are crucial, serving various applications from casual wear to industrial fabrics. Known for their flexibility, durability, and comfort, knitted textiles benefit from technological advancements like 3D knitting and automated machines. These innovations speed up production, reduce manual labour, and allow for intricate designs with minimal waste. 3D knitting also enables seamless garments, enhancing comfort and reducing fabric wastage. Circular knitting machines, known for their efficiency, are becoming more popular.
In addition, recent improvements in double-knit rib technology focus on better fabric quality and comfort. Advances in machine design, needle selection, and fabric handling have led to finer gauge fabrics that are softer and more breathable. These innovations ensure a consistent rib structure, providing greater comfort and stretch. The future of double-knit circular knitting technology looks promising. Ongoing research aims to enhance its capabilities further. Developments in advanced machine design, computerized pattern control, and smart fabric monitoring systems could revolutionize the industry. These innovations promise customization, streamlined production, and real-time fabric adjustments.
Advanced knitting machines, especially computerized, automated, and 3D systems, are expensive. This excessive cost makes it challenging for small to medium-sized manufacturers to invest in the latest technology, limiting market entry and slowing adoption in emerging markets. While automation and AI enhance efficiency, these machines still need skilled labour for operation and maintenance. There is a growing shortage of technicians, particularly in developing countries, who can manage and repair advanced equipment.
Additionally, raw material prices, such as yarns and fibres, fluctuate due to global supply chain disruptions, natural disasters, and geopolitical factors. These price changes make it difficult for manufacturers to maintain consistent pricing. Global supply chain issues, including semiconductor shortages and shipping delays, also affect production timelines for knitting machines and components.
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.
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 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.