According to the latest report by IMARC Group, titled “Knitted Fabric Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global knitted fabric market is expected to exhibit a CAGR of 4.9% during 2022-2027. A knitted fabric is a textile material containing successive rows of intertwined loops of yarn. During knitting, yarn follows a meandering course, forming symmetrical loops above and below the yarn's mean path. Knit fabrics have greater elasticity than woven fabrics due to these meandering loops that can be stretched in different directions. In these fabrics, horizontal rows are known as courses, while vertical rows are known as wales. Due to their elasticity, knitted garments are often more fitted than woven garments as they conform more closely to the body's outline. A knitted fabric is also very durable and offers a lot of benefits, including enhanced comfort and drape, and ease of maintenance. Knitted fabrics are typically inexpensive, lightweight, and easy to produce when compared to other textiles.
Global Knitted Fabric Market Trends:
The global market is majorly driven by significant growth in the apparel industry. This can be attributed to the favorable government policies and trade agreements in the textile and garment sector. In line with this, the augmenting adoption of knitted fabric in a wide range of end-use sectors, such as automobile, construction, manufacturing, and medical, is propelling the market growth. Moreover, the shifting consumer preference towards high-performance and lightweight knitted activewear is providing an impetus to the market. Also, the escalating demand for circular knit hosiery made up of feathery raw materials due to better breathability of the material is resulting in a higher product uptake. Besides this, the rapid utilization of high-tech medical textiles in various healthcare applications is creating lucrative growth opportunities in the market. The implementation of artificial intelligence (AI) and growing investments in IoT technology for predictive analysis are creating a positive market outlook. Continual technological advancements, such as the advent of 3D knitting machines and the development of sustainable, bio-compatible, flame-retardant and implantable knitted fabrics, are further fueling the market. Some of the other factors contributing to the market include the increasing usage of geotextiles in roofs, walls, dams, and road construction, rapid urbanization, inflating disposable income levels and extensive research and development (R&D) activities.
- Based on the product, the market has been segmented into weft-knit and warp-knit.
- On the basis of the application, the market has been divided into household products, fashion and clothing, and industrial applications.
- 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.
- 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.
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