Knitting Machines Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024-2032
The Global Knitting Machines Market, valued at USD 4.9 billion in 2023, is projected to expand at a CAGR of 5.4% from 2024 to 2032, driven by rising demand for textiles and apparel across various industries. With increasing urbanization, population expansion, and evolving consumer preferences, the need for high-quality, efficiently produced fabrics continues to grow. Advanced knitting technologies and automation are playing a crucial role in reshaping the industry, enabling manufacturers to streamline production while maintaining superior fabric quality.
Technological advancements in knitting machines are revolutionizing traditional textile manufacturing. Automated and computerized systems are replacing manual processes, enhancing precision, reducing material waste, and lowering labor costs. These innovations are particularly beneficial for large-scale production in the fashion, sportswear, and home textiles sectors, where speed and consistency are critical for maintaining a competitive edge. Additionally, the growing emphasis on sustainable textiles and eco-friendly manufacturing practices is prompting businesses to adopt advanced knitting solutions that minimize energy consumption and material waste.
The knitting machines market is segmented based on type, with warp knitting machines and weft knitting machines leading the industry. The weft knitting machine segment generated USD 3.4 billion in 2023 and is projected to grow at a CAGR of 5.5% through 2032. Innovations in knitting techniques are enabling seamless fabric production, reducing the need for labor-intensive assembly processes. Manufacturers are increasingly investing in cutting-edge machinery to enhance efficiency and meet the rising demand for high-performance textiles. The expansion of athleisure, sportswear, and luxury apparel is further fueling the adoption of advanced knitting equipment as brands seek to improve fabric durability and design flexibility.
The market is also categorized by mode of operation, with manual, semi-automatic, and fully automatic knitting machines playing distinct roles in production. Fully automatic knitting machines dominated the industry in 2023, accounting for 72% of total market share. These machines are projected to grow at a CAGR of 5.4% through 2032 as industries focused on mass production continue to invest in high-speed, precision-driven technologies. Automation enables manufacturers to meet increasing consumer demand while ensuring consistency in fabric quality. The transition to fully automated systems is particularly prominent in the apparel, home textiles, and industrial fabric sectors, where efficiency and cost-effectiveness are top priorities.
In the United States, the knitting machines market reached USD 1.2 million in 2023 and is expected to grow at a CAGR of 5.3% through 2032. North American industries are rapidly adopting advanced knitting technologies to enhance production capabilities and meet the growing demand for high-performance textiles. Automation, technological innovation, and regulatory policies regarding textile production are influencing market dynamics. Stricter regulations on the import of used knitting equipment are encouraging businesses to invest in new, more efficient machinery, further driving market expansion. With a focus on sustainability, cost efficiency, and product quality, the knitting machines industry is poised for significant growth in the coming years.
Technological advancements in knitting machines are revolutionizing traditional textile manufacturing. Automated and computerized systems are replacing manual processes, enhancing precision, reducing material waste, and lowering labor costs. These innovations are particularly beneficial for large-scale production in the fashion, sportswear, and home textiles sectors, where speed and consistency are critical for maintaining a competitive edge. Additionally, the growing emphasis on sustainable textiles and eco-friendly manufacturing practices is prompting businesses to adopt advanced knitting solutions that minimize energy consumption and material waste.
The knitting machines market is segmented based on type, with warp knitting machines and weft knitting machines leading the industry. The weft knitting machine segment generated USD 3.4 billion in 2023 and is projected to grow at a CAGR of 5.5% through 2032. Innovations in knitting techniques are enabling seamless fabric production, reducing the need for labor-intensive assembly processes. Manufacturers are increasingly investing in cutting-edge machinery to enhance efficiency and meet the rising demand for high-performance textiles. The expansion of athleisure, sportswear, and luxury apparel is further fueling the adoption of advanced knitting equipment as brands seek to improve fabric durability and design flexibility.
The market is also categorized by mode of operation, with manual, semi-automatic, and fully automatic knitting machines playing distinct roles in production. Fully automatic knitting machines dominated the industry in 2023, accounting for 72% of total market share. These machines are projected to grow at a CAGR of 5.4% through 2032 as industries focused on mass production continue to invest in high-speed, precision-driven technologies. Automation enables manufacturers to meet increasing consumer demand while ensuring consistency in fabric quality. The transition to fully automated systems is particularly prominent in the apparel, home textiles, and industrial fabric sectors, where efficiency and cost-effectiveness are top priorities.
In the United States, the knitting machines market reached USD 1.2 million in 2023 and is expected to grow at a CAGR of 5.3% through 2032. North American industries are rapidly adopting advanced knitting technologies to enhance production capabilities and meet the growing demand for high-performance textiles. Automation, technological innovation, and regulatory policies regarding textile production are influencing market dynamics. Stricter regulations on the import of used knitting equipment are encouraging businesses to invest in new, more efficient machinery, further driving market expansion. With a focus on sustainability, cost efficiency, and product quality, the knitting machines industry is poised for significant growth in the coming years.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations.
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis.
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising demand for textiles and apparel
3.6.1.2 Expanding sportswear and home textiles sectors
3.6.2 Industry pitfalls & challenges
3.6.2.1 Raw material price fluctuations
3.6.2.2 Supply chain disruptions
3.7 Technological overview
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY TYPE, 2021-2032 (USD BILLION) (THOUSAND UNITS)
5.1 Key trends
5.2 Warp knitting machines
5.2.1 Raschel warp
5.2.2 Tricot warp
5.2.3 Others (crochet etc.)
5.3 Weft knitting machines
5.3.1 Circular
5.3.2 Straight bar
5.3.3 Others (loop wheel etc.)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY KNIT TYPE, 2021-2032 (USD BILLION) (THOUSAND UNITS)
6.1 Key trends
6.2 Single knit
6.3 Double knit
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MODE OF OPERATION, 2021-2032 (USD BILLION) (THOUSAND UNITS)
7.1 Key trends
7.2 Manual
7.3 Semi-automatic
7.4 Fully automatic
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END USE INDUSTRY, 2021-2032 (USD BILLION) (THOUSAND UNITS)
8.1 Key trends
8.2 Automotive textiles
8.3 Sports textiles
8.4 Apparel textiles
8.5 Home textiles
8.6 Others (footwear industry etc.)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2032 (USD BILLION) (THOUSAND UNITS)
9.1 Key trends
9.2 Direct sales
9.3 Indirect sales
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION) (THOUSAND UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 South Africa
CHAPTER 11 COMPANY PROFILES
11.1 Flying Tiger
11.2 Fukuhara
11.3 Hanma group
11.4 Jingwei Textile Machinery
11.5 Lamb
11.6 Lisky
11.7 Mayer & CIE
11.8 Orizio
11.9 Pai Lung
11.10 Santoni
11.11 Shima Seiki
11.12 Stoll
11.13 Tompkins
11.14 Yamato Sewing Machine
11.15 Zentex
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations.
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry synopsis, 2021-2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis.
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising demand for textiles and apparel
3.6.1.2 Expanding sportswear and home textiles sectors
3.6.2 Industry pitfalls & challenges
3.6.2.1 Raw material price fluctuations
3.6.2.2 Supply chain disruptions
3.7 Technological overview
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY TYPE, 2021-2032 (USD BILLION) (THOUSAND UNITS)
5.1 Key trends
5.2 Warp knitting machines
5.2.1 Raschel warp
5.2.2 Tricot warp
5.2.3 Others (crochet etc.)
5.3 Weft knitting machines
5.3.1 Circular
5.3.2 Straight bar
5.3.3 Others (loop wheel etc.)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY KNIT TYPE, 2021-2032 (USD BILLION) (THOUSAND UNITS)
6.1 Key trends
6.2 Single knit
6.3 Double knit
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MODE OF OPERATION, 2021-2032 (USD BILLION) (THOUSAND UNITS)
7.1 Key trends
7.2 Manual
7.3 Semi-automatic
7.4 Fully automatic
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY END USE INDUSTRY, 2021-2032 (USD BILLION) (THOUSAND UNITS)
8.1 Key trends
8.2 Automotive textiles
8.3 Sports textiles
8.4 Apparel textiles
8.5 Home textiles
8.6 Others (footwear industry etc.)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021-2032 (USD BILLION) (THOUSAND UNITS)
9.1 Key trends
9.2 Direct sales
9.3 Indirect sales
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 (USD BILLION) (THOUSAND UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Russia
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.6 MEA
10.6.1 UAE
10.6.2 Saudi Arabia
10.6.3 South Africa
CHAPTER 11 COMPANY PROFILES
11.1 Flying Tiger
11.2 Fukuhara
11.3 Hanma group
11.4 Jingwei Textile Machinery
11.5 Lamb
11.6 Lisky
11.7 Mayer & CIE
11.8 Orizio
11.9 Pai Lung
11.10 Santoni
11.11 Shima Seiki
11.12 Stoll
11.13 Tompkins
11.14 Yamato Sewing Machine
11.15 Zentex
