Market Overview:
The global knitting machines market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for knitted fabrics from various end-use industries and technological advancements in knitting machines. Based on type, the global knitting machines market is segmented into circular knitting machine and flat bed knitting machine. Circular knitting machine held a larger share of the market in 2017 and is expected to grow at a higher CAGR during the forecast period. This can be attributed to its ability to produce high-quality knitted fabrics with intricate designs compared with flat bed knitting machine. Based on application, the global knitwear machinery market is segmented into medical applications, food industry, and others (including automotive textiles, hosiery & underwear, etc.). Medical applications are projected to witness highest growth rate during 2018-2030 owing growing awareness about hygiene among consumers coupled with increasing demand for disposable garments from hospitals and clinics across regions worldwide. Food industry held second largest share of overall knitwear machinery application in 2017; however it would lose its share by 2030 due stringent regulations imposed by government agencies related hygiene & sanitation over processed foods production units globally . Regionally North America accounted for maximum revenue shares followed by Europe while Asia Pacific excluding Japan region was anticipated fastest growing markets over next decade owing rapid industrialization rates along with rising income levels across countries within region .
Product Definition:
A knitting machine is a device used to knit fabrics from yarn. The two main types of knitting machines are the flat bed and cylinder machines. Knitting machines are important because they allow for the mass production of knitted fabrics.
Circular Knitting Machine:
Circular knitting machine is a mechanical device used in the process of knit and purl. It's basically an automated mechanism that knits or purls multiple yarns at the same time in a continuous manner. The circular knitting machine has different parts such as driving system, spooling system, motor & drive systems, programmed microcontrollers and others which are used to knit various types of yarns like acrylic yarns, cotton etc.
Flat Bed Knitting Machine:
Flat bed knitting machine is a specialized kind of knitting machines used for producing knitted fabrics with large gauge and complex stitches. It has the ability to knit several yarns at the same time, which increases productivity and reduces cost. The product also offers flexibility in terms of design as it can be used to produce seamless pieces or Knit-pile fabrics.
The global flat bed knitting machine market size was valued at USD 685.9 million in 2018.
Application Insights:
The others application segment includes apparel, home furnishing and other applications. The food industry is expected to emerge as the fastest-growing segment over the forecast period owing to rising demand for knitted products in this sector. Knitted products are used in various applications such as medical, apparel, food and other industries.
Medical application dominated the global knitting machines market by application with a share of 33.3% in 2017 on account of high usage rates for manufacturing surgical masks and gloves among others due to its properties such as breathability, moisture wicking ability along with aesthetic appeal offered by these products which aid better patient care resulting in higher adoption rate across various healthcare sectors globally which is further anticipated to drive product demand over the forecast period thereby contributing towards overall market growth during the study period.
Regional Analysis:
Europe dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing demand for knitting machines from various end-use industries, such as medical and food processing. Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising product demand from several end-use markets including automotive, apparel, footwear, and others. In addition, growing population in countries like China and India will boost product consumption for manufacturing clothing accessories & Footwear products.
Growth Factors:
- Increasing demand for knitwear from the apparel industry
- Technological advancements in knitting machines that offer better quality and efficiency
- Growing popularity of DIY projects and knitting as a hobby among women and young adults
- Rising demand for customized knitwear products from fashion-conscious consumers
- Proliferation of online marketplaces that offer a wide range of knitting machines and accessories at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Knitting Machines Market Research Report
By Type
Circular Knitting Machine, Flat Bed Knitting Machine
By Application
For Medical Applications, For Food Industry, Others
By Companies
Baiyuan Machine, Mayer & Cie, Terrot, Santoni, Fukuhara, Tayu, Keum Yong, Orizio, Hang Xing, Hengyi, Hongji, Taifan, Unitex, Wellmade, Jiunn Long, Pailung, Welltex, Fukuhama, Sanda, Santec, Lisky, Wellknit, Senher
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Knitting Machines Market Report Segments:
The global Knitting Machines market is segmented on the basis of:
Types
Circular Knitting Machine, Flat Bed Knitting Machine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
For Medical Applications, For Food Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baiyuan Machine
- Mayer & Cie
- Terrot
- Santoni
- Fukuhara
- Tayu
- Keum Yong
- Orizio
- Hang Xing
- Hengyi
- Hongji
- Taifan
- Unitex
- Wellmade
- Jiunn Long
- Pailung
- Welltex
- Fukuhama
- Sanda
- Santec
- Lisky
- Wellknit
- Senher
Highlights of The Knitting Machines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Circular Knitting Machine
- Flat Bed Knitting Machine
- By Application:
- For Medical Applications
- For Food Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Knitting Machines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Knitting machines are devices that help knitters to produce a fabric by knitting one row of stitches at a time.
Some of the major players in the knitting machines market are Baiyuan Machine, Mayer & Cie, Terrot, Santoni, Fukuhara, Tayu, Keum Yong, Orizio, Hang Xing, Hengyi, Hongji, Taifan, Unitex, Wellmade, Jiunn Long, Pailung, Welltex, Fukuhama, Sanda, Santec, Lisky, Wellknit, Senher.
The knitting machines market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Knitting Machines Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Knitting Machines Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Knitting Machines Market - Supply Chain
4.5. Global Knitting Machines Market Forecast
4.5.1. Knitting Machines Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Knitting Machines Market Size (000 Units) and Y-o-Y Growth
4.5.3. Knitting Machines Market Absolute $ Opportunity
5. Global Knitting Machines Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Knitting Machines Market Size and Volume Forecast by Type
5.3.1. Circular Knitting Machine
5.3.2. Flat Bed Knitting Machine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Knitting Machines Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Knitting Machines Market Size and Volume Forecast by Application
6.3.1. For Medical Applications
6.3.2. For Food Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Knitting Machines Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Knitting Machines Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Knitting Machines Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Knitting Machines Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Knitting Machines Demand Share Forecast, 2019-2026
9. North America Knitting Machines Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Knitting Machines Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Knitting Machines Market Size and Volume Forecast by Application
9.4.1. For Medical Applications
9.4.2. For Food Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Knitting Machines Market Size and Volume Forecast by Type
9.7.1. Circular Knitting Machine
9.7.2. Flat Bed Knitting Machine
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Knitting Machines Demand Share Forecast, 2019-2026
10. Latin America Knitting Machines Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Knitting Machines Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Knitting Machines Market Size and Volume Forecast by Application
10.4.1. For Medical Applications
10.4.2. For Food Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Knitting Machines Market Size and Volume Forecast by Type
10.7.1. Circular Knitting Machine
10.7.2. Flat Bed Knitting Machine
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Knitting Machines Demand Share Forecast, 2019-2026
11. Europe Knitting Machines Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Knitting Machines Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Knitting Machines Market Size and Volume Forecast by Application
11.4.1. For Medical Applications
11.4.2. For Food Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Knitting Machines Market Size and Volume Forecast by Type
11.7.1. Circular Knitting Machine
11.7.2. Flat Bed Knitting Machine
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Knitting Machines Demand Share, 2019-2026
12. Asia Pacific Knitting Machines Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Knitting Machines Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Knitting Machines Market Size and Volume Forecast by Application
12.4.1. For Medical Applications
12.4.2. For Food Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Knitting Machines Market Size and Volume Forecast by Type
12.7.1. Circular Knitting Machine
12.7.2. Flat Bed Knitting Machine
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Knitting Machines Demand Share, 2019-2026
13. Middle East & Africa Knitting Machines Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Knitting Machines Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Knitting Machines Market Size and Volume Forecast by Application
13.4.1. For Medical Applications
13.4.2. For Food Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Knitting Machines Market Size and Volume Forecast by Type
13.7.1. Circular Knitting Machine
13.7.2. Flat Bed Knitting Machine
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Knitting Machines Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Knitting Machines Market: Market Share Analysis
14.2. Knitting Machines Distributors and Customers
14.3. Knitting Machines Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baiyuan Machine
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mayer & Cie
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Terrot
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Santoni
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fukuhara
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tayu
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Keum Yong
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Orizio
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hang Xing
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hengyi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hongji
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Taifan
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Unitex
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wellmade
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jiunn Long
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Pailung
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Welltex
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Fukuhama
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Sanda
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Santec
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook