Large Circular Knitting Machine Market Size, Scope, Key Trends | End Users , Market Insights

Large Circular Knitting Machine Market Overview

Large circular knitting machines are industrial machines used to produce tubular fabrics, such as socks, hosiery, and seamless garments. These machines offer high productivity and efficiency, making them essential for the textile industry. The global large circular knitting machine market has been steadily growing, driven by factors such as increasing demand for comfortable and stylish apparel, advancements in knitting technology, and rising consumer disposable incomes.

A large circular knitting machine is a mechanical device deployed in the textile sector to produce knitted fabrics on a large scale. The device consists of a circular frame with numerous needles and hooks arranged in a circular pattern.

Drivers

Several factors are driving the growth of the large circular knitting machine market:

·         Increasing demand for comfortable and functional apparel: The rising demand for comfortable and functional apparel, particularly in the athleisure and sportswear segments, is boosting the market for large circular knitting machines.

·         Advancements in knitting technology: Technological advancements, such as the development of single jersey machines, double jersey machines, and interlock machines, are enabling the production of a wider range of fabrics with improved quality and efficiency.

·         Rising consumer disposable incomes: As consumer disposable incomes increase, particularly in emerging economies, the demand for high-quality apparel is growing, driving the need for advanced knitting machines.

·         Increasing focus on customization and personalization: The trend towards customization and personalization is driving the demand for flexible and adaptable knitting machines.

·         Consequently, the increasing demand of knitted fabrics is contributing significantly in accelerating the global large circular knitting machine market in 2021, according to Texprocil, The Cotton Textiles Export Promotion Council of India, the total knit fabric imported worldwide in 2020 was USD 23 Billion. largest importer of knitted fabric in 2020 accounted for USD 6.1 Billion, moreover China was the largest exporter of knitted fabric accounted for USD 16.2 billion, during the same year.

Restraints

Certain factors may hinder the growth of the large circular knitting machine market:

·         High initial investment costs: Large circular knitting machines are expensive, which can limit their adoption, especially for small and medium-sized enterprises.

·         Complex maintenance requirements: These machines require specialized maintenance and technical expertise, which can increase operational costs.

·         Economic fluctuations: Economic downturns can impact the demand for textile products, leading to reduced demand for knitting machines.

·         The high initial investment acts as a barrier to entry, limiting the adoption of these machine by SMEs, thus restraining the market. Consequently, the high cost compels small companies to seek alternatives including traditional knitting machines, hence impeding the global large circular knitting machine market.

Opportunities

The large circular knitting machine market presents several opportunities for growth:

·         Emerging markets: Emerging economies, such as India, China, and Southeast Asia, offer significant growth potential due to their growing textile industries and rising consumer demand.

·         Automation and Industry 4.0: The adoption of automation and Industry 4.0 technologies can improve efficiency, reduce labor costs, and enhance product quality.

·         Sustainable and eco-friendly production: The increasing focus on sustainability and eco-friendly practices is driving the demand for energy-efficient and environmentally friendly knitting machines.

·         The rising consumer requirement for sustainable and eco-friendly textiles is expected to create large circular knitting machine market opportunities for the development of the market.

Key Players

Several key players are operating in the large circular knitting machine market, including:

·         Santex: A leading global supplier of knitting machinery.

·         Shima Seiki: Known for its innovative knitting technologies.

·         Mayer & Cie: A renowned manufacturer of knitting machines.

·         Karl Mayer: A global leader in textile machinery.

·         CHIDE Technology Industry Co

·         Ltd. Machinery Co., Ltd.

·         Terrot GmbH

Segmentation:

The large circular knitting machine market can be segmented based on various factors:

Machine Type:

·         Single jersey machines

·         Double jersey machines

·         Interlock machines

·         Rib machines

·         Needle Diameter:

·         Fine gauge

·         Medium gauge

·         Coarse gauge

End-Use Industry:

·         Apparel

·         Home textiles

·         Technical textiles

Regional Analysis

The global large circular knitting machine market can be analyzed across different regions:

·         Asia-Pacific: This region is a major market for large circular knitting machines, driven by strong demand from countries like China, India, and Bangladesh.

·         Europe: Europe is a significant market, with countries like Germany and Italy being key players.

·         North America: The North American market is characterized by a focus on high-quality and innovative products.

Recent Developments

Recent developments in the large circular knitting machine market include:

·         Advancements in machine automation and digitalization: The integration of automation and digital technologies is improving machine efficiency and productivity.

·         Focus on sustainable and eco-friendly production: Manufacturers are developing machines that use less energy and reduce environmental impact.

·         Increased customization and personalization: Knitting machines are becoming more flexible and adaptable to produce customized and personalized garments.

·         In November 2022, Smartex invested USD 24.7 Million for the development of machine-vision software for the detection of defects in textile machines in real-time. The automated identification process is also responsible for reducing the production time, textile waste, and capital expenditure by automatically shutting down production to prevent the wastage of materials.

·         In May 2021, SMIT S.r.l. and A.T.E. Private Limited partnered together for promoting SMIT's advanced rapier looms in India. The aim of the partnership is to provide momentum to the modernization of the Indian textile sector.

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