Knitting Machines Market is Expected to Reach US$ 10.84 Bn by 2027 | Credence Research


The latest market report published by Credence Research, Inc. The global knitting machines market was valued at US$ 6.79 Bn in 2018 and is expected to reach US$ 10.84 Bn by 2027, expanding at a CAGR of 5.3% during the forecast from 2019 to 2027. 

In the rapidly evolving world of textiles, the knitting machines market has been witnessing an unexpected yet welcome surge. With a growing number of enthusiasts diving into the world of knitting, coupled with the fast-paced demands of the textile industry, knitting machines have become an indispensable tool for many.

Driving Forces Behind the Growth

  1. DIY and Crafting Resurgence: The past few years have seen a massive resurgence of the DIY and crafting movement. Platforms like Pinterest, Etsy, and Instagram have allowed artisans to showcase their creations, driving interest in crafting tools, including knitting machines.

  2. Speed and Efficiency: For small-scale entrepreneurs and even large textile corporations, the demand for quicker production rates is ever-increasing. Knitting machines meet this demand, offering a faster turnaround time compared to traditional hand-knitting.

  3. Technical Advancements: Modern knitting machines are no longer the clunky, manual tools of the past. Many come with advanced features such as computerized pattern reading, automatic color switching, and tension control, making them versatile and user-friendly.

Market Diversification

While the initial perception might be that knitting machines cater primarily to the fashion industry, their applications are diverse. Apart from apparel, knitting machines have found their way into producing household items like curtains, blankets, and upholstery. Additionally, there’s a market segment dedicated solely to hobbyists who are not necessarily producing en masse but are looking for an efficient way to execute their projects.

Browse the Full Report: https://www.credenceresearch.com/report/knitting-machines-market

Challenges and the Road Ahead

Despite its upward trajectory, the knitting machines market is not without its challenges. Authentic hand-knit items have an allure of their own, with many consumers willing to pay a premium for the personal touch. Furthermore, as with any machinery, there's a learning curve involved, which can be a barrier for some potential users.

However, manufacturers are aware of these hurdles. Newer models are increasingly user-friendly, with many offering online tutorials and support. As technology continues to integrate itself into the sector, we can expect even more sophisticated, yet accessible, machines in the future.

Conclusion

The knitting machines market is on a path of steady growth, fueled by a mix of modern technology and a renewed interest in textile arts. As the industry evolves, it will be fascinating to see how these machines adapt to the ever-changing needs of their users, both professional and amateur. Whether you're a seasoned knitter or a curious newbie, there's no denying that the knitting machine has carved its niche in the vast world of textiles.

List of Companies Covered:

Some of the prominent players listed in the global knitting machines market report include 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.

By Segmentation Type

By Machine Types

Weft Industrial Knitting Machines

  • Flat Bar Knitting Machines
  • Straight Bar Knitting Machines
  • Circular Knitting Machines
  • Circular Bearded Single Knitting Machines

Warp Industrial Knitting Machines

  • Rachel Knitting Machines
  • Tricot Knitting Machines

By Knit Type

  • Single Knit Industrial Knitting Machines
  • Double Knit Industrial Knitting Machines

By Application Type

  • Automotive and Transportation Textiles
  • Sports Textiles
  • Building and Construction Textiles
  • Apparel Textiles
  • Home and Furniture Textiles
  • Others

By Geography Type

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

 

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