Knitted Fabrics Market Growth with Worldwide Industry Analysis to 2028
The Fact.MR study is a seamless presentation of unique insights on how the knitted fabrics market will expand across the globe during 2018-2027. The utmost objective of Fact.MR report on knitted fabrics market is to provide compelling insights on the demand generating factors, dynamic aspects, key product developments in the market, and overall market scenario of the knitted fabrics market. The report includes the ultimate predictions about growth of the knitted fabrics market in terms of market size (US$ million) and market volume (tons) during the assessment period.
The Fact.MR report divides the knitted fabrics market into its four broad sub-segments – construction type, fabrics type, applications, and regions.
Based on the construction types of knitted fabrics, the knitted fabrics market is segmented into two main categories – weft knitted fabrics, and wrap knitted fabrics. Based on the fabric types, the knitted fabrics market is segmented into flat/jersey, purl fabric, rib stitch, and interlock.
According to the applications of knitted fabrics, the knitted fabrics market is segmented into Agrotech, Buildtech, Indutech, Sportech, Packtech, Meditech, Clothtech, and Geotech. Based on geographical regions, the knitted fabrics market is segmented into North America, Latin America, Europe, Japan, Asia Pacific region excluding Japan (APEJ), and the Middle East & Africa (MEA).
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Knitted fabrics is a type of elastic textiles that are manufactured by interlocking yarns with the help of a pair of needles. Knitted fabrics can be manufactured by two principal methods – weft knitting and warp knitting. Knitted fabrics are generally comfortable, lightweight, and can be made more easily and quickly that woven fabrics, with which they are often used interchangeably.
Nearly 50% Market Shares Held by Emerging Players
With burgeoning demand for knitted fabrics in the global clothing and textile industry, a mounting number of manufacturers are entering the market to capitalize on lucrative business opportunities. These new market entrants and emerging players collectively account for 45-50% share of the knitted fabrics market. On the other hand, knitted fabrics market leaders are aiming to gain momentum in the clothing and textile industry by enhancing their value chains on two fronts – automation and nearshoring. Stagnation in Western markets has consequentially resulted in new players entering the developing markets for knitted fabrics. A mounting number of start-ups in the knitted fabrics market are adopting advanced technologies to introduce innovative fabrics and gain an edge in the knitted fabrics market. In addition, small scale producers in the knitted fabrics market in developing countries are also benefitting from favorable regulations and low labor costs, making their way through the highly-competitive knitted fabrics market.
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Notable developments in the knitted fabrics market:
A leading Italy-based manufacturer of high-quality knitted fabrics, Luxury Jersey recently announced the launch of two new fabrics for the luxury segment, in partnership with partner Fulgar – an Italian producer of man-made fibers. The company used Evo by Fulgar, which is a yarn made from castor oil, in combination with GOTS-certified organic cotton to manufacture these new fabrics. The company also announced that the two new fabrics offer a strong sustainable component in the knitted fabrics market, and can be ideal for women’s outwear and sportswear.
In February 2018, scientists at Texinov Medical Textiles – a French manufacturer of warp-knitted textiles, developed a knitted fabric using laser technology that can be used in treatments for skin diseases such as actinic keratosis, psoriasis, and acne with light.
Zaha Hadid Architects and researchers from ETH Zurich – a science, technology, engineering, and mathematics University based in Zürich, Switzerland – developed double-curved concrete shelled pavilion was made with the help of KnitCrete – a 3D-knitted formwork. This framework is claimed to have helped in saving material, waste, and labor for construction by simplifying the construction process for complex shapes.
The report provides information about knitted fabrics market structure, key financials, recent competitive developments, and financial share analysis of leading stakeholders in the knitted fabrics market. The companies featured in the report include Guilford Mills, Gehring Tricot Corporation, Rebtex Inc., Macra Lace Company, Clover Knits, SAS Textiles, Damodar Menon International Pvt Ltd., Krishna Overseas, Jason Mills LLC, and William J Dixon Inc.
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State-of-the-Art Technologies Sought-after among Digitization-driven Knitted Fabrics Manufacturers
Increasing growth of the textile industry has resulted in creating more lucrative opportunities, thereby attracting new players to enter the industry. This is leading to intensifying the competition in the knitted fabrics market. Leading manufacturers are launching more innovative and high-quality products using next-generation manufacturing technologies to bring a new dynamic to the knitted fabrics market. Increasing adoption of state-of-the-art technologies to bolster manufacturing of custom seamless knitwear apparels is becoming increasingly palpable in the knitted fabrics market. Market leaders are completely digitizing their entire production processes to further enhance their business productivity and efficiency. Technological assets, such as physical simulation software, 3D printing technology, and 3D design software, are likely to prevail over traditional manufacturing processes soon in the knitted fabrics market.
Vulnerability to Damages – Prevailing Cost-intensive Concern for Knitted Fabrics Market Players
Knitted fabrics have been deemed more prone to damage than their woven alternatives, thereby compromising the utilization efficiency of of the fabric in various applications. Needle malfunction, mismanagement of machinery, or improper care during the fabric dyeing processes, are some of the aspects that increase the risk of damage during knitted fabrics construction In addition, improper manual handling of knitted fabrics and inspection cuts lead to forcing manufacturers to keep an extra buffer for such damages. This is one of the leading causes behind high overall fabric costs, which is ultimately creating challenges for stakeholders to mitigate production costs. Thereby, unavoidable spending on knitted fabric management and machine maintenance prove to be costly challenges for knitted fabrics market players to tackle with.
Increasing use of high-tech medical textiles in healthcare applications is creating numerous lucrative opportunities for manufacturers in the knitted fabrics market. Leading market players are likely to adopt next-generation manufacturing technologies to offer knitted medical textiles that can suit various requirements of medical applications in the upcoming years.
Knitted Fabric Sales Spur as Manufacturers Emphasize Technical Performance
Owing to their soft hand-feel and characteristics to offer a perfect fit to the clothing, knitted fabrics find more demand and maximum applications in nightwear and lingerie collections. Manufacturers in the knitted fabrics market are adopting advanced printing technologies to further enhance the texture and flexibility of knitted fabrics to suit the modern requirements in the nightwear clothing segment. Apart from the offering knitted fabrics with rich feel, leading players in the knitted fabrics market are concentrating on improving performance characteristics of knitted fabrics. Manufacturers are likely to alter their manufacturing processes to offer better performance characteristics of knitted fabrics, such as resistance to washing and rubbing, functional comfort, and significant saving on energy and greenhouse emissions, to expand the scope of knitted fabric applications beyond lingerie and nightwear segment.
Additional Questions Answered
The Fact.MR report presented the latest information on knitted fabrics market, which can help market players to get the hang of prominent growth prospects of the market. The information compiled in the knitted fabrics market report can serve as a highly credible source for the readers, which can help them to understand historical and forecast data of the knitted fabrics market.
The report on knitted fabrics market also addresses some additional market-related questions about the growth trajectory of knitted fabrics market, which can help readers to make value-based decisions and gain a competitive edge in the knitted fabrics market space.
The report also helps reading by answering queries about growth prospects of the knitted fabrics market, which can help them to plan appropriate strategies for future while entering the knitted fabrics market. Some of the important questions about the knitted fabrics market that are focused on in the report include
What are the most common strategies adopted by leading manufacturers in the knitted fabrics market in developed regions?
What is the impact of statistics of the global textile industry on growth of the knitted fabrics market?
Which technologies are being used by most manufacturers in the knitted fabrics market?
Which factors are driving market players to invest heavily in the knitted fabrics market in the Asia Pacific region?
What are the challenges and restraints that are influencing growth prospects of the knitted fabrics market?
The Fact.MR report provides readers with exclusive predictions about the historic and recent development in the knitted fabrics market for the period 2018-2027. A unique methodology is followed while conducting a thorough research about the knitted fabrics market to conclude the growth prospects of the market.
The information featured in the Fact.MR report is acquired by following a unique and in-depth secondary and primary market research on growth parameters of the knitted fabrics market. Secondary research on the knitted fabrics elucidates the historical industry-validated data, facts and information about the knitted fabrics market.
Primary research is carried out to assess growth prospects of the knitted fabrics market, where market players, including manufacturers, industry experts, distributors, suppliers, and investors, in the knitted fabrics market are interviewed. The insights on knitted fabrics market included in the research study have been subjected to authentication and validation of data by seasonal experts and industry giants.
The unique research methodology followed in the knitted fabrics market report represents a robust approach to gauge the parameters portraying growth aspects of knitted fabrics market over the forecast time period.
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