Industrial Knitting Equipment Market Size, Share, and Industry Analysis, By Product Type (Flat Bed Knitting Equipment, Auto Stripe Equipment, and Circular Knitting Equipment), By End-Use (Technical Textiles, Medical Textiles, Automotive Textiles, Retail Textile, and Others), and Regional Forecast till 2032

The Global Industrial Knitting Equipment Market will experience considerable growth during the forecast period because of increased demand for intricate patterns and designer knitted materials. The adoption of automated machinery and technological advancements are further boosting the growth of knitting equipment across diverse industry applications. Increasing investment in textile manufacturing is further generating a strong demand for knitting equipment.   

• According to Industry Experts, in 2024, the Indian textile sector is expected to bring investment of about USD 11.35 Bn in the coming four to six years of the production-linked scheme. 

Industrial Knitting Equipment Market Driver

Rising Demand for Customized And Designed Knitted Textiles to Enhance the Growth of Industrial Textiles

Industrial knitting machines are largely used for automotive, medical, general apparel, and other sportswear fabrics. End users largely prefer custom-designed apparel, surging the demand for knitting machines across diverse industries. Sustainable and environment-friendly manufacturing processes drive the sales volume in the industrial knitting machine market.

• According to the World Trade Organization, around 80% of the Asian textile and apparel imports came from the same region, i.e., the Asian region in 2022.

China led the Export of Textiles with a total export value of about USD 147.8 Bn in 2022, according to the World Trade Organization Statistical Review 2023.

Industrial Knitting Equipment Market Restraint

High Manufacturing and Ownership Costs Might Create Hindrances to Market Growth 

The installation and manufacturing of knitting machines enhance upfront costs for end users. High initial investment challenges small and medium-scale enterprises, hindering the industrial knitting machine market.

Industrial Knitting Equipment Market Opportunity

Growing market demand for 3D industrial knitting and Sustainable production practices to enhance market opportunities

Manufacturing companies are introducing advanced knitting machines to enhance production and provide end users with high-quality textiles. The 3D knitting solutions allow manufacturers to perform the knitting process with computer programming, aiding in custom sizes and designs.

• For instance, Steiger, a China-owned Swiss company, has launched a new four-needle bed computerized flat knitting machine to produce complete garment knitwear. The model KS3-60MC-II machine has a programmable upper take-down and take-down comb on the needle bed.

Segmentation

By Product Type	By End-Use	By Geography
Flat Bed Knitting Equipment Auto Stripe Equipment Circular Knitting Equipment	Technical Textiles Medical Textiles Automotive Textiles Retail Textile Others	North America (U.S., Canada, and Mexico) Europe (U.K., Germany, France, Spain, Italy, Russia, Benelux, Nordics, and Rest of Europe) Asia Pacific (Japan, China, India, South Korea, ASEAN, Oceania and Rest of Asia Pacific) Middle East & Africa (Turkey, Israel, South Africa, North Africa, and Rest of Middle East & Africa) South America (Brazil, Argentina, and Rest of South America)

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Consolidated SWOT Analysis of Key Players

Analysis by Product Type

By product type, the market is divided into flat bed knitting equipment, auto stripe equipment, and circular knitting equipment.

Flat bed Knitting Equipment to cater to the highest revenue market share due to versatile applications. Flat bed knitting equipment allows needle selection and racked stitches and is commonly used in industrial textile manufacturing. Circular Knitting equipment to witness strong growth influenced by high demand for several stitch patterns and custom-design.

Analysis by End-Use

By end-use, the market is further segmented into technical textiles, medical textiles, automotive textiles, and others. Other segments include textiles used in retail and commercial industries.

Technical textile to cater to the highest revenue market share in 2023. Technical textiles are widely used in furniture, the construction industry, and other manufacturing sectors, which are surging the growth of knitting machines.

Regional Analysis

In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Europe dominates the revenue market share due to increasing demand for localized textiles and the rising adoption of advanced technology. Supporting initiatives, investments, and regulatory policies to further promote the demand for knitting equipment across diverse industry verticals.

• Textile Clusters for Industrial Modernization, TEX4IM, is a new project aimed at long-term partnerships with textile manufacturers to set up new co-operations in the textile-clothing sector.

North America will significantly contribute to industrial knitting equipment. Market revenue is driven by urbanization and the rising adoption of automation across industries.

Key Players Covered

The global industrial knitting equipment market is moderately consolidated, with a large number of group and standalone providers. The top 5 players in Germany accounted for about 40-45% of the market.

The report includes the profiles of the following key players:

• Mayer & Cie GmbH & Co. KG (Germany)


• Karl Mayer (Germany)


• Terrot GmbH (Germany)


• Shima Seiki Mfg. Ltd. (Japan)


• Lamb Knitting Machine Corporation (U.S.)


• Santoni SPA (Italy)


• Kauo Heng Precision Machinery Industrial (China)


• Fukuhara Industrial & Trading (China)


• Quanzhou Baiyuan Machinery Science & Technology (China)


• Jy Leh Industrial (Taiwan)

Key Industry Developments

• In April 2024, Karl Meyer Group’s Stoll introduced a new CMS portfolio of flatbed knitting machines for various industries.


• In February 2024, SHIMA SEIKI MFG., LTD., a Japanese manufacturing company, exhibited computerized flat knitting solutions in collaboration with Universal MEP Projects & Engineering Services Ltd. The new machine offers reliable and high-quality products through innovative technology and digital solutions.