Circular Knitting Machine Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Circular Knitting Machine Market Size

The global Circular Knitting Machine revenue was US$ 660.4 million in 2022 and is forecast to a readjusted size of US$ 832.1 million by 2029 with a CAGR of 3.3% during the forecast period (2023-2029).

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Circular knitting machines is a machine by which tubular and seamless fabrics are produced using knitting with circular needles and shaping the fabric by varying the tension or length of the knitting stitches is called circular knitting machine. It is a technique of knitting in circular or tubular form with curved or straight needles for making knitting stitches. There are several types of circular knitting machines which produce long lengths of tubular fabric and quite often they are manufactured. This machine is used for single plain cloth, elastic cloth etc. being used for vest, t-shirt, sport wear, and swimming suit.

In India, the Circular Knitting Machine revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

Global Circular Knitting Machine key players include Pailung, Mayer & Cie, Fukuhara, Wellknit, Santoni, etc. Global top five manufacturers hold a share about 50%. China is the largest market, with a share about 45%, followed by Europe, with a share about 30 percent. In terms of product, Single Jersey is the largest segment, with a share about 50%. And in terms of application, the largest application is Apparel, followed by Athletic, Industrial, etc.

This report focuses on global and India Circular Knitting Machine market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Circular Knitting Machine will
continue to grow rapidly in the future.

By Type
• Single Jersey
• Double Jersey
• Single Jersey Jacquard
• Double Jersey Jacquard

By Application
• Athletic
• Apparel
• Industrial

Key Companies
Baiyuan Machine, Mayer & Cie, Terrot, Santoni, Fukuhara, Tayu, Keum Yong, Orizio, Hang Xing, Hengyi, Hongji, Taifan, Unitex, Wellmade, Jiunn Long, Pailung, Welltex, Fukuhama, Sanda, Santec, Lisky, Wellknit, Senher

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This release was published on openPR.