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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.
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.
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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.
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.
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.
By Product Type | By End-Use | By Geography |
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The report covers the following key insights:
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.
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.
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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.
North America will significantly contribute to industrial knitting equipment. Market revenue is driven by urbanization and the rising adoption of automation across industries.
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:
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