Trusted Business Insights presents the Latest Study on Knitted Fabric Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Knitted Fabric Market
The global knitted fabric market size was valued at USD 23.8 billion in 2018 and is anticipated to witness significant growth in the forecast period. Growing apparel industry is one of the major factors driving the market. Furthermore, increasing importance of knitted fabric in the automobile, construction, manufacturing, and medical sectors is expected to fuel market demand over the forecast period.
Shifting consumer preference for lightweight and high performance knitwear is fueling the demand for feathery raw materials including polypropylene, linen, silk, faux fur, and synthetic fibers. Woven fabrics have been replacing bulked yarns made knitted fabrics. Over the past few years, the apparel industry has been witnessing steady growth in demand for the loop stitch jackets, cardigans,large shawls, and scarfs. In terms of color, grey, classic black, brown, and beige have been gaining significant popularity across the world.
Furthermore, demand for feather light circular knit fabrics has increased in the hosiery market due to its better breathability of the material. Lightweight knitted textile has also gained significant traction in the protective clothes market. Sponge-like, anti-tear, and durable materials are applied in single or double layers in the protective clothes. Similarly, featherweight textile, along with high compression, chlorine resistant, and moisture management property, has witnessed high demand in the sportswear industry.
In addition, application of knitted fabric has been increasing in denim garments, as consumer preference is shifting towards wrinkle resistant, flexible, soft, and comfortable textile. Rising importance of synthetic fibers in the construction and apparel industries is expected to propel the growth of the market in the upcoming years. Application of the fiber has been expanding in the construction industry as geotextiles in roof, walls, dams, and roads.
Moreover, thermal insulation and dust resistant features of synthetic fiber make it ideal for the production of curtains, napkins, carpets, and table clothes. Implementation of artificial intelligence (AI) has been increasing in this industry. It helps to predict the properties and the quality of the product before manufacturing the actual textile. AI plays an important role in the quality inspection of textile, which reduces errors and expenses.
Fast adoption of 3D knitting machines in the industry has increased the productivity of the manufacturers. This machine can knit multiple yarns at the same time by using digitally stored information. This technology makes customization easier and saves both operating time and costs. These technological developments are expected to foster market growth over the world. However, rising cotton price and counterfeit products can hamper the growth of the industry in the near future.
Market Segmentation, Outlook & Viewpoint: Global Knitted Fabric Market
Product Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Application Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Fashion & Clothing
Key Players, Recent Developments & Regional Insights: Global Knitted Fabric Market
Weft-knit fabric dominated the industry with a share of more than 60.0% in 2018. Low cost, better elasticity, and simpler production process make it more preferable among the manufacturers. It includes different types of stitches such as plain or jersey, rib, purl, interlock, double knit, and circular knitting. Weft knitting is commonly used for underwear, pajamas, jumpers, scarves, hats, and gloves. Over the past few years, circular knitting machines have gained significant importance in the seamless hosieries and underwear manufacturing industry.
The warp-knit products are expected to witness the fastest CAGR of 6.4% from 2019 to 2015. Warp knitting is used in several industries including apparel, inner wears, shoes, household, automotive, and industrial. Rapid growth of the automotive, construction, and manufacturing industries is expected to fuel the segment growth. Different types of warp knitting include tricot knits, raschel knit, crochet knit, and Milanese knit.
As of 2018, the technical application segment held the largest share of over 80.0%. Packaging, automotive, manufacturing, household, construction, and medical are the major applications in the technology sector. The raschel and crocheting knitting technology ensures safe and scratches free handling of sensitive components due to its knots free property. Therefore, it gained significant popularity in the packaging industry. Knitted bags and sacks are used for the shipment of industrial and food products.
One of the major applications of the product also lies in the automotive industry. The spacer fabric is widely used in the production of car seats, airbags, protective lining over wires, and roof due to its cushioning feature. These textiles are used in tires, filters, mats, seat belts, and soundproof engine. Rapid growth of the automobile industry is expected to boost the demand for the product in the near future.
Knitted fabric has a wide application as home textiles in the household sector, including products such as home cushion, curtains, carpets, dust bags, dust covers, and door mattress. Synthetic material is gaining popularity in curtain manufacturing due to its light resistance property. Rising per capita income in the developing countries is anticipated to fuel the demand for home textile in the upcoming years.
The product has gained significant importance in the medical textile. It has a wide application in the production of bandage, plasters, hospital laundry bags, wheelchairs covers and seating, medical mattresses, and orthopedic support by using the 3D spacer, 4D spacer, meshes, plain, and brushed fabrics. Furthermore, these fabrics have a wide usage as implantable medical textiles such as artificial ligaments, artery, veins, sutures, hernia sheets, artificial elbows, and hip joints. Rapid progress of the medical industry is projected to boost the demand for the product.
As of 2018, Asia Pacific dominated the knitted fabric market and accounted for 70.2% share of the total revenue. China holds the largest share among all the countries in the world. This nation is one of the top exporters of the clothing industry across the world. It represents one-third textile and apparel import of Europe. Manufacturers in this country are shifting towards automation and digitalization for high high-quality knitting textile.
Other than China, India and Bangladesh are also prominent markets for knitwear. Favorable regulatory frameworks, government initiatives, and low labor cost have accelerated the growth of the industry in this region. In addition, growing manufacturing, construction, and automotive industries in the region is expected to fuel the demand for the product in the near future.
Knitted Fabric Market Share Insights
Key players of this industry include Baltex; Jong Stit Co., Ltd.; Georg and Otto Friedrich GmbH; Zhejiang Chaoda Warp Knitting Co., Ltd.; ABHINANDAN KNITS PVT LTD.; Haining Jinmao Warp Knitting Co., Ltd.; Guilford; Loyal Textile Mills Ltd.; TORAY INDUSTRIES, INC.; Pacific Textiles Holdings Limited; Teejay Lanka PLC; and SSM Industries. It is a highly fragmented market, which includes a large number of small producers and a few large producers.
However, the large players hold a significant share in the market. Over the past few years, manufactures of this industry are focusing on product development to widen the application sector. For instance, a U.K. based company, Baltex has been focusing on the innovation of Advanced Surface Technology (AST), especially on 3XD Spacer Fabrics. Furthermore, the company is developing sustainable fabrics by using biopolymers.
Key Insights Covered: Global Knitted Fabric Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Knitted Fabric industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Knitted Fabric industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Knitted Fabric industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Knitted Fabric industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Knitted Fabric industry.
Research Methodology: Global Knitted Fabric Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
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