Press release
Top Players and Market Competition in the Circular Weft Knitting Machine Industry
Circular Weft Knitting Machine
Projected Market Expansion for the Circular Weft Knitting Machine Market by 2030
The market size for circular weft knitting machines is anticipated to reach $1.69 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.2%. This upward trajectory is fueled by the rising implementation of smart textile manufacturing technologies and a growing need for technical and medical textiles. Additionally, the market benefits from increased production of sustainable fabrics, heightened investments in machines with larger capacities, and the broader incorporation of digital design tools. Key trends shaping this growth include the adoption of computerized knitting controls, demand for faster fabric production, enhanced multi-function knitting capabilities, greater utilization of energy-efficient machines, and a stronger focus on fabric customization.
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Factors Propelling the Circular Weft Knitting Machine Market Forward
One key driver of market growth is the expanding use of smart technologies in textile production, which enables manufacturers to increase efficiency and precision. As the demand for high-performance textiles, especially in sectors like healthcare and sportswear, rises, the need for advanced circular weft knitting machines is becoming more pronounced.
Another important influence is the push toward sustainability within the textile industry. The growth of eco-friendly fabric production encourages investments in machines that can support such materials, while digital integration helps optimize production processes. These factors collectively contribute to the accelerated expansion of the circular weft knitting machine market.
Leading Firms Shaping the Circular Weft Knitting Machine Industry
Key players dominating this market include 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, and Fujian Taifan Industrial Co Ltd.
In a notable development, Santoni Shanghai Knitting Machinery Co. Ltd., based in China, acquired Germany's Terrot in September 2023. This strategic acquisition aims to strengthen Santoni's position by combining Terrot's technical expertise and extensive product range with its global reach, enhancing innovation and competitiveness in the circular knitting sector.
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Emerging Trends Shaping the Circular Weft Knitting Machine Market
Industry leaders are increasingly focusing on integrating Internet of Things (IoT) capabilities into knitting machines to boost operational efficiency and enable smart manufacturing. IoT-enabled control systems provide internet connectivity and cloud integration, allowing for real-time machine monitoring, remote assistance, and streamlined management of spare parts.
For example, in May 2025, Mayer & Cie., a German manufacturer, introduced Control 5.0, an IoT-ready upgrade for its circular knitting machines. This system securely connects machines to the company's cloud platform, Knitlink, and is available as an add-on for existing machines while becoming standard on new mechanical models. Control 5.0 offers two user interfaces: SmartControl, which includes up to four "SmartKnobs" and mobile device support for role-based access, and ClassicControl, which consolidates functions via a central touchscreen. Knitlink supports apps for monitoring machine performance, remote servicing, and spare parts lookup, with updates delivered wirelessly, eliminating manual software installations.
Breaking Down the Circular Weft Knitting Machine Market by Type, Application, and Geography
This market is segmented by machine type into Single Circular Weft Knitting Machines and Double Circular Weft Knitting Machines. It is further divided by machine capacity into small, medium, and high-capacity machines. Technology-wise, the market differentiates between computerized knitting technology, mechanical knitting technology, and hybrid knitting technology.
End-user industries include fashion and apparel, automotive, medical textiles, and aerospace sectors. Within the single circular segment, subtypes include single jersey machines, fleece machines, terry machines, and open width machines. For double circular machines, subcategories consist of rib machines, interlock machines, jacquard machines, and high pile machines. This detailed segmentation provides a comprehensive understanding of the market's diverse offerings and applications across various industries and regions.
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