Knitted Fabrics Market to Showcase Swift Growth with the Introduction of State-of-the-Art Technologies to Produce Knitted Apparels, reports Fact.MR
With the various growth prospects and developments circulating around the knitted fabrics market, the report issued by Fact.MR highpoints a strong 5.3% volume CAGR through 2017 during the period between 2018 and 2027.
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Launch of State-of-the-Art Technologies Pushes Growth in Knitwear Fabrics Market
According to research findings, increasing growth across the textile industry has impact the creation of lucrative opportunities in the knitted fabrics market. Interestingly, the chief manufacturers are launching high-quality products with the help of next-generation manufacturing technologies so as to shift the dynamics of the knitted fabrics market. In addition, surging adoption of state-of-the-art technologies to inspire the manufacturing of custom seamless knitwear apparels has become progressively intense to support the target market during the forecast period.
Weft-Knitted Fabric Emerges with the Maximum Sales Share in the Global Market
According to this Fact.MR research, it has been projected that the demand for weft-knitted fabrics would continue to remain higher as a result of its low cost and flexibility aspects. Since weft-knitted fabrics require only single yarn feed, it supports the end-user from the textile industry to reduce the raw material input supplies as well as processing steps required for the manufacturing of knitwear apparels. It has been noted that, weft-knitted fabrics acquired 64% share in the global sales for knitted fabrics; which is likely to stay positive during the stated assessment period.
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This study later stresses on the geographical facet that enlightens about the development of the Asia Pacific region excluding Japan (APEJ) concerning the knitted fabrics market. This particular region possessed close to 70% volume share in the global market for knitted fabrics during 2018. The valuation forecasts that the knitted fabrics sales from the APEJ region would touch a mark of 35,000 tons by the end of this year (2019).
China carries the mantle of managing a monstrous 61% share in the global sales of knitted fabrics, as reported by the Fact.MR study. Moreover, the nation also cherishes the tag of being the topmost clothing exporters all around the world; China accounts for more than one-third of the EU’s apparel as well as textile imports. Over the past few years, it has been examined that domestic manufacturers across China’s knitted fabrics sector are swiftly renovating their production strategies with the inclusion of digitalization and automation to strengthen the sales of high-quality knitting fabrics.
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