Knitted Fabric Market Size 2024 To 2032
- The global knitted fabric market size is expected to exhibit a growth rate (CAGR) of 3.96% during 2024-2032.
- Weft-knit represents the largest segment due to its superior elasticity and comfortable draping qualities.
- Fashion and clothing represent the leading application segment spurred by the rising trend of lightweight, breathable fabrics.
- Asia Pacific leads the market with its expanding textile industry and growing urban population.
- The growth of the knitted fabric market is driven by the increasing demand for high-performance textiles in sectors such as healthcare, automotive, and home furnishings.
- Additionally, the rise of smart textiles incorporating sensors and conductive yarns into knitted fabrics for wearable technology is contributing to market expansion.
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Industry Trends and Drivers:
- Growing demand for comfortable and versatile apparel:
Knitted fabrics are widely recognized for their softness, flexibility, and comfort, which makes them a preferred choice for various clothing items. The increasing consumer inclination toward athleisure, casual wear, and sportswear has significantly boosted the demand for knitted fabrics. Athleisure, in particular, is seeing a surge in popularity due to changing lifestyle patterns, where consumers prioritize comfort and style simultaneously.
Additionally, knitted fabrics offer breathability and stretchability, making them ideal for applications such as leggings, t-shirts, and activewear. The evolving fashion industry also influences the demand for knitted fabrics as designers incorporate these materials into everyday clothing. This versatility in application is a key driver in the market.
- Technological advancements in knitting machinery:
The integration of advanced knitting technologies has played a pivotal role in enhancing the production capacity and quality of knitted fabrics. Modern knitting machines are equipped with computerized controls and automated processes that increase efficiency, reduce production time, and minimize human errors.
Moreover, innovations such as 3D knitting and seamless knitting technology have opened new possibilities in the textile industry, enabling the creation of intricate designs, patterns, and customizations. These advancements have also contributed to cost savings, allowing manufacturers to produce high-quality knitted fabrics at a lower cost, which in turn fuels the market's growth. The ability to manufacture customized knitted fabrics efficiently meets the growing consumer demand for unique and personalized clothing options.
- Sustainability and eco-friendly initiatives:
The shift towards sustainable and eco-friendly fabrics is driving the knitted fabric market as consumers and manufacturers become more environmentally conscious. There is growing demand for knitted fabrics made from organic, recycled, and biodegradable fibers. The textile industry is increasingly adopting sustainable practices, such as using eco-friendly dyes, water-efficient production processes, and renewable energy in manufacturing.
Additionally, brands are aligning with the global shift towards circular fashion by recycling old textiles into new knitted fabrics. This sustainable approach not only reduces environmental impact but also appeals to environmentally conscious consumers, boosting the demand for knitted fabrics that support eco-friendly initiatives.
Knitted Fabric Market Report Segmentation:
Breakup By Product:
- Weft-Knit
- Warp-Knit
Weft-knit represented the largest segment due to its versatility, ease of production, and wide application in casual wear, sportswear, and home textiles, driving substantial demand.
Breakup By Application:
- Household Products
- Fashion and Clothing
- Industrial Applications
Fashion and clothing dominate the market as knitted fabrics offer comfort, stretchability, and design flexibility, making them ideal for trendy, everyday apparel and athleisure.
Breakup By Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Asia Pacific was the largest market owing to its robust textile manufacturing infrastructure, lower production costs, and growing consumer demand for affordable and stylish clothing in countries like China and India.
Top Knitted Fabric Market Leaders:
The knitted fabric market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
- Abhinandan Knits Pvt. Ltd.,
- Baltex,
- Georg + Otto Friedrich GmbH,
- Guilford (Lear Corporation),
- Haining Jinmao Warp Knitting Co. Ltd.,
- Jong Stit Co. Ltd.,
- Loyal Textile Mills Ltd.,
- Pacific Textiles Holdings Limited
- SSM Industries Inc.
- Teejay Lanka PLC
- Toray Industries Inc.
- Zhejiang Chaoda Warp Knitting Co. Ltd.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
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