Global Industrial Knitting Equipment Market Size To Exceed USD 10.41 Billion By 2035 | CAGR Of 5.78%
Category: Construction & ManufacturingGlobal Industrial Knitting Equipment Market Size To Exceed USD 10.41 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Industrial Knitting Equipment Market Size is expected to Grow from USD 5.61 Billion in 2024 to USD 10.41 Billion by 2035, at a CAGR of 5.78% during the forecast period 2025-2035.
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Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on the “Global Industrial Knitting Equipment Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Flat Bed, Circular, Warp, and Others), By Application (Apparel, Home Textiles, Industrial Textiles, and Others), By Automation Level (Manual, Semi-Automatic, and Fully Automatic), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/industrial-knitting-equipment-market
The industrial knitting equipment industry is a large-scale production of machines used to manufacture knitted garments and fabrics. These machines are high-speed capable and can create intricate knit patterns with accuracy and consistency, and thus are vital in textile production for technical textiles, apparel, and other industrial uses. The growth of sustainable processes and environmentally friendly materials is also influencing the Industrial Knitting Equipment Market. Additionally, companies are using more technology that allows them to use recycled fibers and biodegradable materials in their knitting processes. This trend not only satisfies consumer concerns over sustainability but also complies with more stringent environmental regulations. Furthermore, the worldwide movement towards sustainability in production is estimated to drive up the demand for high-tech knitting machinery, as the European Union's Green Deal seeks to transform Europe into the world's first climate-neutral continent by 2050, spurring innovation and development in this industry. However, industrial knitting machinery is hindered by factors like high capital investment, shortage of skilled labor, high maintenance requirements, and fast-changing technology. Stringent environmental regulations, supply chain interruptions, and competition from cheap substitutes add further constraints.
The circular segment is expected to hold the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on product type, the industrial knitting equipment market is divided into flat bed, circular, warp, and others. Among these, the circular segment is expected to hold the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to the market for industrial knitting machines because they are highly efficient, fast, and ideal for mass production of tubular textiles such as sportswear and t-shirts.
The apparel segment held the highest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the application, the industrial knitting equipment market is divided into apparel, home textiles, industrial textiles, and others. Among these, the apparel segment held the highest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to younger and middle-aged buyers usually prefer term insurance due to its speediness, efficiency, and ability for mass production of tubular knits such as t-shirts and sportswear.
The fully automatic segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on automation level, the global industrial knitting equipment market is categorized into manual, semi-automatic, and fully automatic. Among these, the fully automatic segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to the machines incorporating sophisticated control systems, which allow for accurate and repeatable knitting, a critical requirement in the production of high-quality knitted fabrics.
North America is anticipated to hold a significant share of the global industrial knitting equipment market during the forecast period.
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North America is anticipated to hold a significant share of the global industrial knitting equipment market during the forecast period. The apparel and fashion industry and the spreading use of computerized knitting machines. Moreover, with on-demand knitting production and clothing personalization sweeping across the industry, the market demand for flexibility and productivity-enabled knitting machines has taken off.
Asia-Pacific is expected to hold the majority share of the global industrial knitting equipment market during the forecast period. The continued labor market upswing, which continues to drive consumer confidence and buying habits in the different categories of fashion textile products. The high percentage of young and tech-savvy consumers in the region is opening up unprecedented growth opportunities, especially in nations such as Vietnam, the Philippines, Indonesia, Malaysia, Thailand, and Singapore.
Europe is anticipated to grow at the fastest pace in the industrial knitting equipment market during the forecast period. The emphasis on sustainability and circular economy by the European Union is also fueling the demand for innovative knitting technologies that minimize waste and maximize energy efficiency.
Major vendors in the global industrial knitting equipment market are Shima Seiki Mfg., Ltd., Stoll AG & Co. KG, Mayer & Cie. GmbH & Co. KG, Santoni S.p.A., Karl Terrot GmbH, Orizio SRL, Ningbo Cixing Co., Ltd., Jiangsu Yingyou Textile Machinery Co., Ltd., Tai Ho Shing Knitting Machinery Co., Ltd., Wellknit Machinery Co., Ltd., Yamato Sewing Machine Mfg. Co., Ltd., Jiangsu New Victor Industrial Co., Ltd., Zhejiang Taitan Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In July 2024, German knitwear producer KNIT-CORE launched its first seamless 3D knitted range for Autumn-Winter.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the industrial knitting equipment market based on the below-mentioned segments:
Global Industrial Knitting Equipment Market, By Product Type
- Flat Bed
- Circular
- Warp
- Others
Global Industrial Knitting Equipment Market, By Application
- Apparel
- Home Textiles
- Industrial Textiles
- Others
Global Industrial Knitting Equipment Market, By Automation Level
- Manual
- Semi-Automatic
- Fully Automatic
Global Industrial Knitting Equipment Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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