Press release
Increase In Textile Production Fueling The Growth Of The Market Due To Rising Demand For Fast Fashion: Key Factor Driving The Growth In The Circular Weft Knitting Machine Market
Circular Weft Knitting Machine
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What Is the Expected Circular Weft Knitting Machine Market Size During the Forecast Period?_x000D_
The market for circular weft knitting machines has seen robust growth in recent times. The value of this market is projected to increase from $1.06 billion in 2024 to $1.16 billion in 2025 at a Compound Annual Growth Rate (CAGR) of 9.0%. The expansion in the historical period can be credited to the advancement of the home textiles sector, encouraging government regulations in favor of the textile industry, the growing significance of knit materials in the field of medical textiles, increased production of circular knitwear within the luxury fashion industry, and the rising consumer inclination towards clothing that provides comfort and a good fit._x000D_
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Expectations are high for the circular weft knitting machine market, with predictions of significant expansion in the coming years. The market is projected to reach a value of $1.61 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.6%. Several factors are contributing to this projected growth during the forecast period. These include a rise in demand for knitted fabrics in the fashion sector, expansion in the textile and apparel industries, improved operational productivity due to automation and digitization, and a growing demand for seamless clothing and sports and athletic wear. Key trends expected during this period include advancements in knitting machine technology, an increase in customization options for circular knitting machines, a rising demand for sustainable and environmentally-friendly textiles and manufacturing processes, improved production of patterned and textured materials, and the integration of industry 4.0 technologies._x000D_
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What Are the High-Growth Segments in the Circular Weft Knitting Machine Market?_x000D_
The circular weft knitting machine market covered in this report is segmented -_x000D_
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1) By Type: Single Circular Weft Knitting Machine, Double Circular Weft Knitting Machine_x000D_
2) By Machine Capacity: Small Capacity Machines, Medium Capacity Machines, High Capacity Machines_x000D_
3) By Technology: Computerized Knitting Technology, Mechanical Knitting Technology, Hybrid Knitting Technology_x000D_
4) By End-User Industry: Fashion and Apparel, Automotive, Medical Textiles, Aerospace_x000D_
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Subsegments:_x000D_
1) By Single Circular Weft Knitting Machine: Single Jersey Machine, Fleece Machine, Terry Machine, Open Width Machine_x000D_
2) By Double Circular Weft Knitting Machine: Rib Machine, Interlock Machine, Jacquard Machine, High Pile Machine_x000D_
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What Key Drivers Are Expected to Influence Future Circular Weft Knitting Machine Market Growth?_x000D_
The expected surge in textile manufacturing is set to drive the expansion of the circular weft knitting machine market in the near future. Textiles refer to any material created by intertwining fibers using methods such as weaving, knitting or felting, primarily used to manufacture clothing, furnishings, and industrial goods. This growth in textile production can be attributed to the escalating worldwide demand for inexpensive and quick fashion, with consumers seeking stylish, affordable garments that need swift, large-scale production to keep up with ever-evolving trends. This amplification in textile production promotes the market for circular weft knitting machines which offer fast, unbroken fabric production, making them ideal for economical, mass production of knitwear. For example, a study published in September 2024 by the Textile Exchange, an American non-profit organization, stated that the manufacturing of pristine fossil-based synthetic fibers increased from 67 million tons in 2022 to 75 million tons in 2023. Polyester continued to lead global production, constituting 57% of the total fiber yield. Consequently, this thriving textile production will fuel the progression of the circular weft knitting machine market._x000D_
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Which Companies Hold the Largest Share Across Different Circular Weft Knitting Machine Market Segments?_x000D_
Major companies operating in the circular weft knitting machine market are Fujian Hanma Group Co. Ltd, Unitex Co. Ltd., Shima Seiki Mfg Ltd, Pai Lung Machinery Mill Co. Ltd, Santoni S.p.A., Suntech Textile Machinery Co Ltd., Keumyoung Co. Ltd., Jinjiang Hongji Machinery Co Ltd, Quanzhou Baiyuan Machinery Science & Technology Co Ltd, Sintex cz, Mayer & Cie GmbH & Co. KG, Terrot GmbH, Fukuhama, Wellknit, Welltex Co Ltd., Santec Precision Machinery Co Ltd, Trützschler Group SE, SANTEX Rimar Group, Lisky technology ltd, Fujian Taifan Industrial Co Ltd._x000D_
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What Trends Are Driving Growth in The Circular Weft Knitting Machine Market?_x000D_
Key players in the market for circular weft knitting machines are concentrating their efforts on introducing next-generation technology-enhanced products like the large-diameter circular knitting machines, which are aimed at bolstering productivity and efficiency. The term "large-diameter circular knitting machine" applies to a type of circular knitting machine which is recognized for its broad cylinder diameter, commonly measuring from 30 inches to over 60 inches. For example, in December 2022, the Innotas was unveiled by Santoni, a well-known Italian fashion brand. It is a single jersey machine, equipped with 3 feeds per inch, and is intentionally designed for the specific purpose of fiber accumulation management. The Innotas circular knitting machine comes with 3 feeds per inch, and is specifically designed to handle fiber build-up effective management, guaranteeing uniform fabric quality and reducing downtime. This machine has the added advantage of having an option for 4 cam tracks which paves the way for versatile knitting of structures both with and without Lycra, meeting a vast array of fabric needs._x000D_
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What Are the Emerging Geographies for The Circular Weft Knitting Machine Market Growth?_x000D_
Asia-Pacific was the largest region in the circular weft knitting machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the circular weft knitting machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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Frequently Asked Questions:_x000D_
1. What Is the Market Size and Growth Rate of the Circular Weft Knitting Machine Market?_x000D_
2. What is the CAGR expected in the Circular Weft Knitting Machine Market?_x000D_
3. What Are the Key Innovations Transforming the Circular Weft Knitting Machine Industry?_x000D_
4. Which Region Is Leading the Circular Weft Knitting Machine Market?_x000D_
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Why This Report Matters:_x000D_
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Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors._x000D_
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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends._x000D_
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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