Large Circular Knitting Machine Market Analysts , Stratergic Partnerships | Share Analysis and Industry Analysis
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.
Contact us:
Consegic
Business intelligence Pvt Ltd.
Contact no: (US) (505) 715-4344
Email: sales@consegicbusinessintelligence.com
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