Global Knitted Fabric Market to Grow at 3.96% During 2024-2032, Propelled by Rising Demand for Comfortable and Adaptable Fabrics

August 24, 2023 | Retail

According to the latest report by IMARC Group titled “Knitted Fabric Market Report by Product (Weft-Knit, Warp-Knit), Application (Household Products, Fashion and Clothing, Industrial Applications), and Region 2024-2032, the global knitted fabric market is projected to grow at a CAGR of 3.96% during 2024-2032. Knitted fabric refers to a textile that is formed by interlocking loops of yarn in a methodical and consecutive pattern. It contrasts with woven fabrics by presenting unique characteristics such as superior elasticity and flexibility. The two primary types of knitting include weft-knitting, where the yarn runs horizontally, creating loops in the same direction, and warp-knitting, where the yarn runs vertically, producing parallel rows of loops. Weft-knitted fabrics are typically more stretchable, while warp-knitted ones are more rigid and stable. The inherent characteristics of knitted fabric include its remarkable ability to stretch in various directions without losing its original shape. This elasticity makes it an ideal material for clothing that needs to adapt to the wearer's movements. Furthermore, its porous structure offers excellent breathability, allowing for moisture management and maintaining comfort in various weather conditions. Its insulating properties contribute to the warmth and coziness of garments made from it, particularly in winter clothing. Knitted fabrics can be designed with intricate textures and patterns, from fine and delicate to chunky and bold, using different types of yarn and knitting techniques. Advanced knitting technology and innovative fiber blending have expanded its applications to include not just apparel but also automotive interiors, medical textiles, and home furnishings. Additionally, it supports sustainable practices, with possibilities for recycling and the use of eco-friendly fibers. Its lightweight nature, combined with its resilience to creasing, adds to its desirability in fashion and functionality.

Global Knitted Fabric Market Trends:

The rising significance of textile innovation and the growing demand for comfortable and adaptable fabrics are key drivers propelling the market growth of knitted fabrics. Moreover, the advancement in knitting technology plays a crucial role in expanding the applications of knitted fabrics, thereby influencing market growth. In addition to this, knitted fabrics' exceptional flexibility and breathability properties are particularly valuable, leading to increased demand in apparel, sportswear, and medical textiles. In line with this, as industries seek more sustainable alternatives, knitted fabrics find extensive use in eco-friendly clothing and home textile solutions, contributing to global sustainability efforts. Besides this, the surge in the utilization of knitted fabrics in specialized fields like automotive interiors and technical textiles is driving market growth. Additionally, the rising need for aesthetic appeal combined with functionality in various sectors, such as fashion, healthcare, and automotive interiors, highlights the importance of knitted fabrics in modern manufacturing. Furthermore, collaborations between fashion brands and textile manufacturers, prioritizing innovative design and environmental responsibility, are creating a positive market outlook. Other factors, such as investments in research and development and innovations in knitting techniques, are driving the market growth of knitted fabrics across the globe.

Market Summary:

  • Based on the product, the market has been segmented into weft-knit and warp-knit. Currently, weft-knit holds the largest market share across the globe.
  • On the basis of the application, the market has been divided into household products, fashion and clothing, and industrial applications. Presently, fashion and clothing account for the largest market share.
  • On the geographical front, the market has been segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. At present, Asia Pacific is dominating the market across the globe.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include 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., and Zhejiang Chaoda Warp Knitting Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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. and Zhejiang Chaoda Warp Knitting Co. Ltd.
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Global Knitted Fabric Market to Grow at 3.96% During 2024-2032, Propelled by Rising Demand for Comfortable and Adaptable Fabrics
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