Press release
Global Circular Knitting Machine Market Projected to Grow by USD 177 Million by 2031
Circular Knitting Machine Market
According to QY Research, the global Circular Knitting Machine market was valued at US$ 705 million in 2024 and is projected to reach US$ 882 million by 2031, growing at a CAGR of 3.3% during the forecast period from 2025 to 2031.
The global circular knitting machine market is experiencing steady growth due to the rising demand for knitted fabrics in the fashion, sportswear, and home textile industries. Circular knitting machines are preferred for their ability to produce seamless, high-quality fabrics with greater efficiency compared to flat knitting techniques. Technological advancements, such as computerized control systems and automation, are enhancing production speed, precision, and customization capabilities. Additionally, the growing trend of sustainable and eco-friendly fabrics is prompting manufacturers to integrate energy-efficient machinery and use advanced yarns. Emerging economies are witnessing increased textile production, further fueling market expansion.
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Market Segmentation
• By Machine Type:
o Single Jersey Circular Knitting Machines
o Double Jersey Circular Knitting Machines
o Jacquard Circular Knitting Machines
• By Application:
o Apparel & Fashion
o Sportswear
o Home Textiles
o Technical Textiles
• By End-User:
o Small & Medium Enterprises (SMEs)
o Large Textile Manufacturers
• By Region:
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa
Key Market Players
Prominent companies in the circular knitting machine market include:
• Mayer & Cie. (Germany)
• Terrot GmbH (Germany)
• Fukuhara Industrial & Trading Co., Ltd. (Japan)
• Pailung Machinery Mill Co., Ltd. (Taiwan)
• Santoni S.p.A. (Italy)
• Quanzhou Baiyuan Machinery Science & Technology Co., Ltd. (China)
• Monarch Knitting Machinery Corp. (UK)
These players focus on innovation, durability, and cost-effective solutions while expanding their presence in emerging textile manufacturing hubs.
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Market Dynamics
• Drivers:
o Growing demand for comfortable, stretchable, and fashionable knitted fabrics.
o Expansion of the global sportswear and athleisure markets.
o Technological advancements in high-speed, computerized machines.
o Rising textile manufacturing capacities in developing countries.
• Restraints:
o High initial investment costs for advanced machinery.
o Skilled labor shortage in some regions.
o Volatility in raw material prices.
• Opportunities:
o Integration of smart and IoT-enabled knitting machines.
o Growing demand for technical and medical textiles.
o Expansion into sustainable and recycled fabric production.
Market Scope and Strategic Landscape
The market scope extends across diverse textile applications, with Asia-Pacific dominating production due to strong textile industries in China, India, Bangladesh, and Vietnam. The strategic landscape involves companies investing in R&D for automation, energy efficiency, and customized knitting capabilities to meet the evolving needs of the fashion and technical textile markets.
Recent Developments
• Mayer & Cie. introduced advanced single and double jersey models with improved efficiency and reduced energy consumption.
• Pailung launched high-speed models targeting sportswear and functional fabric markets.
• Santoni expanded its circular knitting technology to cater to seamless garment production.
Regional Analysis
• Asia-Pacific: Largest market share, driven by massive textile manufacturing in China, India, and Southeast Asia.
• Europe: Focus on premium and luxury knitted fabrics, with Germany and Italy leading innovations.
• North America: Increasing adoption for customized, short-run fabric production.
• Latin America & Middle East: Gradual adoption due to growing textile exports and rising domestic demand.
Frequently Asked Questions (FAQ)
Q1. What is driving the growth of the circular knitting machine market?
A1. The demand for high-quality, stretchable, and fashionable knitted fabrics, along with technological advancements, is driving market growth.
Q2. Which region dominates the circular knitting machine market?
A2. Asia-Pacific dominates due to its large-scale textile manufacturing capabilities.
Q3. What are the key trends in this market?
A3. Automation, smart knitting technology, and sustainable fabric production are major trends.
Q4. Who are the major players?
A4. Mayer & Cie., Terrot GmbH, Fukuhara, Pailung, Santoni, and Baiyuan are leading players.
About Us:
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert's resources (included energy automotive chemical medical ICT consumer goods etc.
Contact Us:
QY Research, INC.
315 Work Avenue, Raheja Woods,
Survey No. 222/1, Plot No. 25, 6th Floor,
Kayani Nagar, Yervada, Pune 411006, Maharashtra
Tel: +91-8669986909
Emails - enquiry@qyresearch.in
Web - https://www.qyresearch.in
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