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The global knitted fabric market grew at a CAGR of around 4% during 2015-2020. Knitted fabric refers to a textile material consisting of consecutive rows of intermeshed loops of yarns. The horizontal rows in the fabric are called course and the vertical rows are known as wales. Knitted fabrics are widely used in the manufacturing of jumpers, scarves, hats and gloves, along with various home textiles, such as cushions, curtains, dust bags, mattresses and carpets. In line with this, they are also used in the manufacturing of car seats, airbags, protective wire linings, roofs, filters, seat belts and mats. In comparison to other textiles, knitted weft and warp fabrics are usually more lightweight, comfortable, cost-effective and easy to manufacture.
Significant growth in the textile industry across the globe represents one of the key factors creating a positive outlook for the market growth. Moreover, shifting consumer preference toward lightweight and high-performance knitwear, such as loop stitch jackets, cardigans, shawls, and scarfs, is providing a thrust to the market growth. In line with this, knitted fabrics are also used to produce various medical textiles, including bandages, plasters, hospital laundry bags, medical mattresses, covers and orthopedic support products, which is also contributing to the growth of the market. Additionally, various product innovations, such as the launch of bio-compatible knitted and implantable medical textiles, are acting as other growth-inducing factors. These novel variants include artificial ligaments, arteries, veins, surgical meshes, hernia sheets and hip joints. Other factors, including the development of knitted fabrics with high compression strength, anti-tear, chlorine-resistant and featherweight properties, along with the utilization of artificial intelligence (AI) in textile manufacturing technologies, are anticipated to drive the market further. Looking forward, IMARC Group expects the global knitted fabric market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global knitted fabric market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being 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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