Circular Knitting Machine Market to Record Overwhelming Hike in Revenue By 2022
Increasing demand for circular knitting machine from apparel manufacturers to produce complex & tailor-made fabrics with diverse knitting construction patterns is expected to play major contributing factor for industry expansion over the forecast period.
circular knitting machine industry(firmenpresse) - The global circular knitting machine market is expected to display higher growth rate over the next seven years due to the use of circular knitting machine for production of protective wear, sportswear, shapewear, casuals, and winter wear. Increasing preference towards circular knitting machines over traditional devices for bulk manufacturing of large diameter fabrics is expected to boost market demand in the upcoming years.
Use of circular knitting machine for production of circular knit beds is propelling market growth as well, in the recent years. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the circular knitting machine market.
Circular knitting machine are increasingly used for production of technical textiles, which are used in various end-user industries. Different types of fabrics are manufactured with help of technical textile fabrics, which are manufactured the circular knitting machines. Increasing demand for circular knitting machine from apparel manufacturers to produce complex & tailor-made fabrics with diverse knitting construction patterns is expected to play major contributing factor for industry expansion over the forecast period. Development of cost-effective circular knitting machine by industry participants with high performance capabilities are expected to favor market growth in the recent years. In addition, presence of vast number of Omni-channels for distribution network is expected to passively influence market growth.
The circular knitting machines are typically used to produce 2-sided fabrics, fleece, blister, interlock, rib, jacquard, mattress ticking, needle set-out, plated plush, transfer technique, waffle etc. Use of dyed and raw yarns as base materials is predicted to offer numerous growth opportunities for local manufactures over the next seven years.
The market is broadly categorized into six major segments based on the application type such as automotive fabrics, home textiles, medical textiles, sports & leisurewear, swimwear and technical textiles. The automotive fabrics is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years. Growing popularity of sports & leisurewear segment is attributed to the higher market penetration and increasing disposable income in both developing & developed economies across the globe.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in textile sector, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.
Asia-Pacific region is predicted to hold major market share in the circular knitting machine market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing demand for apparels, massive growth in textile sector, ever-growing population, rising per capita income, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the circular knitting machine market are Mayer & Cie., GmbH & Co., Terrot GmbH, Quanzhou Baiyuan Machinery Science & Technology Co., Ltd., Santoni S.p.A, United Texmac Pvt., Ltd., Fukuhara Industrial & Trading Co., Ltd., Tayu Machine (Xiamen) Co., Ltd, and Santec Precision Machinery Co., Ltd.
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Datum: 24.02.2020 - 11:44 Uhr
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Date of sending: 20.02.2020
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