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The demand for circular knitting equipment is increasing rapidly in the textile industry due to its ability to produce specialty fabrics at high speed and with better quality, says Fact.MR

By on July 11, 2022 0


Sales of industrial knitting equipment are expected to grow at a CAGR of 3.5% from 2022 to 2032

United States, Rockville MD, July 11 2022 (GLOBE NEWSWIRE) — According to the latest report from Fact.MR, a market research and competitive intelligence provider, the global industrial knitting equipment market is expected to be worth US$1.26 billion. in 2022 and grow at the rate of 3.5% from 2022 to 2032. Fact.MR documents the exceptional potential contained in the industrial knitting market with the idea of ​​revolutionizing the textile industry thanks to the creation of yarn directly in the machine to knit.

Rising demand for industrial knitting equipment apparel industries driving the growth of the market. Clothing industries opt for such equipment for their loop stitch jackets, cardigans, large shawls, scarves, etc.

Textiles are produced on a large scale to meet demand for sporting goods, automotive, medicine and general apparel. End products include sportswear like shoes and swimwear, seat covers for cars, geotextiles for buildings, medical textiles and mosquito nets for upholstery. In this sense, the industrial knitting equipment market is expected to be worth US$1.78 billion by 2032.

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Key insights from market research

  • North America holds 21.9% market share.

  • Europe contributes 24.1% of global turnover.

  • Circular knitting equipment is expected to dominate the market over the coming period.

  • Knitting equipment is used to create knitted fabrics by interlacing one or more threads with a single loop.

  • China and Japan are expected to be the forerunners of growth in the region, followed by India and Bangladesh which are emerging as the world’s new textile hubs.

  • On the basis of product, the industrial knitting equipment market is segmented into flat knitting equipment, automatic striping equipment, and circular knitting equipment.

“With various designs produced using circular knitting equipment, the global industrial knitting equipment market is set to flourish during the forecast period” says a Fact.MR analyst.

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Evolution of market

Textile manufacturers emphasize advanced technology to better control the shape, design and quality of finished products. This has actually helped the industrial knitting equipment market to gain notoriety.

  • Researchers at ETH Zurich have built a curved textile shell over 10 feet high. It is part of a five-ton concrete structure. This knitting machine has the particularity of converting a digitally generated pattern into a double-layered textile structure in 36 hours.

  • KM.ON (software company belonging to the KARL MAYER Group), in May 2022, started developing new digital solutions to improve the customer experience.

  • Mayer & Cie., in May 2022, launched the upgraded kits for circular knitting machines already in use by customers. The packages are provided in a personalized form.

Industrial Knitting Equipment Industry Research Segments

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More valuable information available

Fact.MR in its new offering presents an unbiased analysis of the global Industrial Knitting Equipment Market, showcasing historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals essential information by product (flat knitting material (semi-jacquard and jacquard), automatic stripe material and circular knitting material (single and double jersey)), by level of automation (semi-automatic and automatic ), by end-use (medical textiles, technical textiles, automotive textiles, ready-to-wear, etc.)) and by region (North America, LATAM, Europe, East Asia, South Asia & Oceania, and MEA).

Domain knowledge of Fact.MR in industrial goods

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced industrial goods team help customers around the world meet their unique business intelligence needs.

With a repository of over a thousand reports and over a million data points, the team has analyzed the division of industrial goods in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

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