Knitting Machine Market

The Knitting Machine Market is segmented by Knitting Type into Single-Knitting Machines, Double-Knitting Machines, Flat-Knitting Machines, and Circular-Knitting Machines. Among these, Single-Knitting Machines held the largest market share in 2023, accounting for around 40% of the Knitting Machine Market revenue. The growth of this segment is attributed to the increasing demand for single-knitted fabrics in various applications such as T-shirts, sportswear, and underwear. Double-knitting machines are expected to witness significant growth over the forecast period, owing to their ability to produce high-quality, double-sided fabrics.

These machines are widely used in the production of garments, home textiles, and technical textiles. Flat-knitting machines are another important segment of the Knitting Machine Market, primarily used for producing seamless garments, such as sweaters, socks, and hosiery. Circular-knitting machines are commonly used in the production of tubular fabrics, such as those used in socks, leggings, and swimwear. 

The Knitting Machine Market is segmented based on yarn type into natural fiber knitting machines, synthetic fiber knitting machines, and specialty yarn knitting machines. The natural fiber knitting machines segment held the largest market share in 2023 and is expected to continue to dominate the market over the forecast period. The growth of this segment can be attributed to the increasing demand for natural fibers such as cotton, wool, and silk in the textile industry. 

The synthetic fiber knitting machines segment is expected to grow at a significant rate during the forecast period due to the increasing use of synthetic fibers such as polyester, nylon, and spandex in the production of sportswear, activewear, and other technical textiles. The specialty yarn knitting machines segment is expected to witness moderate growth over the forecast period, driven by the increasing demand for specialty yarns such as metallic yarns, lurex yarns, and blended yarns in the production of high-end garments and accessories.

The Knitting Machine Market is segmented by needle gauge into fine, medium, and coarse gauges. Fine gauge knitting machines are used to produce delicate and lightweight fabrics, such as lace and hosiery. Medium gauge knitting machines are used to produce a wider range of fabrics, including sweaters, t-shirts, and sportswear. Coarse gauge knitting machines are used to produce heavy-duty fabrics, such as carpets and blankets. In 2023, the fine gauge knitting machines segment is expected to account for the largest share of the Knitting Machine Market, at 38.5%.

The medium gauge knitting machines segment is expected to account for 32.2% of the market, and the coarse gauge knitting machines segment is expected to account for 29.3% of the market. The growth of the fine gauge knitting machines segment is being driven by the increasing demand for delicate and lightweight fabrics. The growth of the medium gauge knitting machines segment is being driven by the increasing demand for a wider range of fabrics. This growth is expected to be driven by the increasing demand for knitted fabrics in a variety of applications.

The End-Use Application segment is a crucial aspect of the Knitting Machine Market, influencing the market's growth trajectory. The segment comprises various sub-segments, including Apparel, Home Furnishings, Industrial Textiles, and Medical Textiles. In 2023, the Apparel sub-segment held a significant share of the Knitting Machine Market, driven by the rising demand for knitted garments in the fashion industry. The Home Furnishings sub-segment is expected to witness steady growth due to increasing consumer spending on home décor and the growing popularity of knitted fabrics in furniture and upholstery.