Knitting Machines Market By Machine Type (Weft Knitting Machine, Warp Knitting Machine), By Application (Automotive Fabrics, Home Textiles, Medical Textiles, Sports & Leisurewear, Swimwear, Technical Textiles, Clothing Textiles) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027
Increasing Investment in Knitting Machines is expected to boost the overall Market Growth
The global knitting machines market was valued at US$ 6.79 Bn in the year 2018 and expected to reach US$ 10.84 Bn by year 2027, expanding at a CAGR of 5.3% during the forecast from 2019 to 2027. Knitting accounted for more than 30% of the total fabric production in the global textile market in the year 2018. Therefore, constant innovation in the knitting technology such as new machine designs and multi-gauge technologies has restored the textile market from global financial crash during 2007 to 2008. Besides this, significant investment by market players for nylon knitting, automated knitting plants and other new knitting technologies has also prominently driven the market growth. In February 2017, Texollini Inc. invested US$ 2 million for installing new circular knitting machine, also new dyeing and finishing machines. In addition, ever-changing clothing trend has triggered the knitting machines market players to transform the knitwear industry from functional to fashionable.
Medical Textile Segment is predicted to witness lucrative growth during the Forecast Period
Medical textile is an unavoidable segment of the healthcare industry. Continuous innovation in the field of medical textiles has significantly driven the knitting machines market in the medical sector. Non-woven textiles presently dominate the total medical textile industry with around 60% consumption share. However, knitted fabrics are the basic structure to develop high-tech medical textiles such as medical patches, artificial blood vessels, and scaffolds for tissue engineering. In the wake of same, knitted medical textiles is expected to grapple closely with the non-woven textiles and project fastest growth of the segment in years to come. Furthermore, increasing demand for high-tech textiles in healthcare segment has also provided lucrative opportunities to the knitting machine manufacturers. Increasing awareness regarding unique benefits and its versatile applications are the other important factors that have prominently triggered the market growth.
Asia Pacific is projected to garner the Highest Growth during Forecast Period
Asia Pacific is the most lucrative region for the global knitting machines market and show glimpses of being one of the dominating regions during the forecast period. The robust growth of the region is primarily driven by the steep growth of automobile, clothing, and healthcare sectors in the region. Prominent growth in the above mentioned sectors have magnificently increased the demand of knitted fabrics in the Asian countries. Additionally, the Asian knitters are also focusing towards their regional expansion. For instance, in July 2019, a Hong Kong manufacturer, Wai Chi Kai Knitting Company invested US$ 1 Bn in its new manufacturing site in Vietnam.
Day by day knitted products are gaining pace in the South Asian countries. In 2018, Bangladesh claimed 40% of its total export earnings are from knitted products. On the contrary, increasing yarn prices coupled with increased production cost is expected to hinder the knitted products market growth in some of the south Asian countries.
Key Players & Competitive Landscape:
The burgeoning demand for knitted fabrics has upend the textile industry within past few years. As a result, several new players are entering the market to capitalize this lucrative business opportunity. On the other hand, market leaders are maintaining their strong footprint in the market by advancing their value chain and adopting new automation features and seamless manufacturing in the knitting technology. In addition, the market players are also focused towards regional expansion to avail the alluring opportunities offered by the government of developing nations in the knitted fabrics market such as low labor cost and favorable regulations.
Some of the prominent players listed in the global knitting machines market report includes Shima Seiki Mfg Ltd., Santoni S.p.A., Sangiacomo, Pai Lung Machinery Mill Co. Inc., Terrot GmbH, Karl Mayer Textilmaschinenfabrik GmbH, Groz Beckert KG, Mayer & Cie. GmbH & Co. KG (MCT), Orizio S.r.l., Monarch Knitting Machinery Corp., H. Stoll AG & Co. KG, Steiger Participations Sa, Matsuya Industries, Keum Yong Textile Machinery, and Busi Giovanni S.r.l. among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The research study titled knitting machines market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global knitting machines market based on machine type, applications, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Billion |
| Segmentation |
Machine Type Segment (2017–2027; US$ Bn) |
|
Application Segment (2017–2027; US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the global market size of knitting machines in 2017 & 2018?
- What is estimated forecast and market projections up to 2027?
- Which is largest regional market for knitting machines?
- Which machine type has the largest penetration in knitting machines market?
- Which is the most lucrative application for knitting machines?
- Which are the predominant trends shaping the global knitting machines market?
- Which is the most promising, attractive, and less-explored region in the global knitting machines market?
- Who are the leading vendors in the global knitting machines market?
- What are the premiere strategies adopted by the leading vendors in the global knitting machines market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Knitting Machines Market
2.2. Global KM Market, by Machine Type, 2018 (US$ Bn)
2.3. Global KM Market, by Application, 2018 (US$ Bn)
2.4. Global KM Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global KM Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Knitting Machines (KM) Market, by Machine Type, 2017-2027 (US$ Bn)
4.1. Overview
4.2. Weft Knitting Machine
4.3. Warp Knitting Machine
5. Global Knitting Machines (KM) Market, by Application, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Automotive Fabrics
5.3. Home Textiles
5.4. Medical Textiles
5.5. Sports & Leisurewear
5.6. Swimwear
5.7. Technical Textiles
5.8. Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
6. North America Knitting Machines (KM) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America KM Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America KM Market Value, By Machine Type, 2017-2027 (US$ Bn)
6.2.1. Weft Knitting Machine
6.2.2. Warp Knitting Machine
6.3. North America KM Market Value, By Application, 2017-2027 (US$ Bn)
6.3.1. Automotive Fabrics
6.3.2. Home Textiles
6.3.3. Medical Textiles
6.3.4. Sports & Leisurewear
6.3.5. Swimwear
6.3.6. Technical Textiles
6.3.7. Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
6.4. North America KM Market Value, By Country/ Region, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America
7. Europe Knitting Machines (KM) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe KM Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe KM Market Value, By Machine Type, 2017-2027 (US$ Bn)
7.2.1. Weft Knitting Machine
7.2.2. Warp Knitting Machine
7.3. Europe KM Market Value, By Application, 2017-2027 (US$ Bn)
7.3.1. Automotive Fabrics
7.3.2. Home Textiles
7.3.3. Medical Textiles
7.3.4. Sports & Leisurewear
7.3.5. Swimwear
7.3.6. Technical Textiles
7.3.7. Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
7.4. Europe KM Market Value, By Country/ Region, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe
8. Asia Pacific Knitting Machines (KM) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific KM Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific KM Market Value, By Machine Type, 2017-2027 (US$ Bn)
8.2.1. Weft Knitting Machine
8.2.2. Warp Knitting Machine
8.3. Asia Pacific KM Market Value, By Application, 2017-2027 (US$ Bn)
8.3.1. Automotive Fabrics
8.3.2. Home Textiles
8.3.3. Medical Textiles
8.3.4. Sports & Leisurewear
8.3.5. Swimwear
8.3.6. Technical Textiles
8.3.7. Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
8.4. Asia Pacific KM Market Value, By Country/ Region, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Rest of the World Knitting Machines (KM) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World KM Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World KM Market Value, By Machine Type, 2017-2027 (US$ Bn)
9.2.1. Weft Knitting Machine
9.2.2. Warp Knitting Machine
9.3. Rest of the World KM Market Value, By Application, 2017-2027 (US$ Bn)
9.3.1. Automotive Fabrics
9.3.2. Home Textiles
9.3.3. Medical Textiles
9.3.4. Sports & Leisurewear
9.3.5. Swimwear
9.3.6. Technical Textiles
9.3.7. Clothing Textiles (Underwear, Men & Women Apparels, Woolen wears)
9.4. Rest of the World Knitting Machines Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.1. Shima Seiki Mfg Ltd.
10.2. Santoni S.p.A.
10.3. Sangiacomo
10.4. Pai Lung Machinery Mill Co. Inc.
10.5. Terrot GmbH
10.6. Karl Mayer Textilmaschinenfabrik GmbH
10.7. Groz Beckert KG
10.8. Mayer & Cie. GmbH & Co. KG (MCT)
10.9. Orizio S.r.l.
10.10. Monarch Knitting Machinery Corp.
10.11. H. Stoll AG & Co. KG
10.12. Steiger Participations Sa
10.13. Matsuya Industries
10.14. Keum Yong Textile Machinery
10.15. Busi Giovanni S.r.l.
* Here we use KM as a short form of Knitting Machines
TABLE 1 Market Snapshot: Global Knitting Machines (KM) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global KM Market, by Machine Type, 2017–2027 (US$ Bn)
TABLE 5 Global KM Market, by Application, 2017–2027 (US$ Bn)
TABLE 6 Global KM Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America KM Market, by Machine Type, 2017–2027 (US$ Bn)
TABLE 8 North America KM Market, by Application, 2017–2027 (US$ Bn)
TABLE 9 North America KM Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 10 Europe KM Market, by Machine Type, 2017–2027 (US$ Bn)
TABLE 11 Europe KM Market, by Application, 2017–2027 (US$ Bn)
TABLE 12 Europe KM Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific KM Market, by Machine Type, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific KM Market, by Application, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific KM Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 16 Rest of the World KM Market, by Machine Type, 2017–2027 (US$ Bn)
TABLE 17 Rest of the World KM Market, by Application, 2017–2027 (US$ Bn)
TABLE 18 Rest of the World KM Market, by Region, 2017–2027 (US$ Bn)
TABLE 19 Shima Seiki Mfg Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Santoni S.p.A. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Sangiacomo: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Pai Lung Machinery Mill Co. Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Terrot GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Karl Mayer Textilmaschinenfabrik GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Groz Beckert KG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Mayer & Cie. GmbH & Co. KG (MCT) : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Orizio S.r.l. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Monarch Knitting Machinery Corp. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 H. Stoll AG & Co. KG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Steiger Participations Sa: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Matsuya Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Keum Yong Textile Machinery: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Busi Giovanni S.r.l. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Knitting Machines (KM) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global KM Market Segmentation
FIG. 4 Global KM Market, by Machine Type, 2018 (US$ Bn)
FIG. 5 Global KM Market, by Application, 2018 (US$ Bn)
FIG. 6 Global KM Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key KM Market Players, 2018
FIG. 9 Global KM Market Value Share, by Machine Type, 2018 & 2027 (Value %)
FIG. 10 Global KM Market for Weft Knitting Machine, 2017–2027 (US$ Bn)
FIG. 11 Global KM Market for Warp Knitting Machine, 2017–2027 (US$ Bn)
FIG. 12 Global KM Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 13 Global KM Market for Automotive Fabrics, 2017–2027 (US$ Bn)
FIG. 14 Global KM Market for Home Textiles, 2017–2027 (US$ Bn)
FIG. 15 Global KM Market for Medical Textiles, 2017–2027 (US$ Bn)
FIG. 16 Global KM Market for Sports & Leisurewear, 2017–2027 (US$ Bn)
FIG. 17 Global KM Market for Swimwear, 2017–2027 (US$ Bn)
FIG. 18 Global KM Market for Technical Textiles, 2017–2027 (US$ Bn)
FIG. 19 Global KM Market for Clothing Textiles, 2017–2027 (US$ Bn)
FIG. 20 North America KM Market, 2017–2027 (US$ Bn)
FIG. 21 Europe KM Market, 2017–2027 (US$ Bn)
FIG. 22 Asia Pacific KM Market, 2017–2027 (US$ Bn)
FIG. 23 RoW KM Market, 2017–2027 (US$ Bn)
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