Knitted Fabrics

Knitted Fabrics

Global Knitted Fabrics Market to Reach US$45.5 Billion by 2030

The global market for Knitted Fabrics estimated at US$30.6 Billion in the year 2023, is expected to reach US$45.5 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Weft-Knit Fabrics, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$27.0 Billion by the end of the analysis period. Growth in the Warp-Knit Fabrics segment is estimated at 6.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.2 Billion While China is Forecast to Grow at 9.2% CAGR

The Knitted Fabrics market in the U.S. is estimated at US$8.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.2 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Global Knitted Fabrics Market - Key Trends & Drivers Summarized

How Are Technological Advancements in Knitting Techniques Influencing the Market?
The knitted fabrics market is undergoing significant changes, driven by technological advancements in knitting techniques that are enhancing fabric quality, texture, and functionality. Innovations such as 3D knitting, seamless knitting, and digital knitting are allowing manufacturers to produce more intricate and high-performance fabrics that cater to a wide range of applications. These advanced techniques offer benefits such as reduced material wastage, faster production cycles, and the ability to create complex designs with varied textures and patterns. The adoption of these technologies is particularly strong in the sportswear, fashion, and medical textiles segments, where there is a high demand for custom-designed, breathable, and stretchable fabrics. As these technologies continue to evolve, they are expected to open new opportunities for growth and innovation in the knitted fabrics market.

Why Is the Demand for Sustainable and Eco-Friendly Knitted Fabrics Rising?
The demand for sustainable and eco-friendly knitted fabrics is rising as consumers and brands increasingly prioritize sustainability and environmental responsibility. The fashion and textile industries are under growing pressure to reduce their environmental impact, leading to a surge in demand for knitted fabrics made from organic cotton, recycled polyester, bamboo, and other eco-friendly materials. Sustainable production processes, such as waterless dyeing and zero-waste knitting, are also gaining traction among manufacturers looking to minimize their carbon footprint and appeal to eco-conscious consumers. This shift towards sustainability is driving innovation in fabric production and encouraging collaboration between textile producers, fashion brands, and technology companies to develop new, environmentally friendly knitted fabrics.

How Are Changing Consumer Preferences Shaping the Knitted Fabrics Market?
Changing consumer preferences are significantly shaping the knitted fabrics market, particularly in the fashion and apparel sectors. Modern consumers are looking for comfortable, functional, and versatile clothing that can be worn across various settings, from casual to formal and activewear. This demand is leading to an increased focus on knitted fabrics that offer comfort, stretchability, moisture-wicking properties, and durability. Athleisure, a trend that blends athletic and leisure wear, is particularly driving demand for knitted fabrics that combine style and functionality. Additionally, the rising trend of customization and personalization in fashion is pushing manufacturers to produce a diverse range of knitted fabrics that cater to unique consumer needs and preferences.

How Is the Growth in the Knitted Fabrics Market Driven by Several Factors?
The growth in the knitted fabrics market is driven by several factors, including advancements in knitting technology, increasing demand for sustainable textiles, and evolving consumer preferences. The development of new knitting techniques, such as 3D and seamless knitting, is enhancing the quality and versatility of knitted fabrics, making them suitable for a variety of applications. The growing focus on sustainability and eco-friendly materials is driving demand for organic and recycled knitted fabrics, particularly among environmentally conscious consumers and brands. Additionally, the popularity of athleisure and the trend towards more comfortable, functional clothing are boosting the demand for knitted fabrics that offer enhanced comfort, stretch, and breathability. The expansion of the textile and fashion industries in emerging markets and the adoption of digital and automated knitting solutions are further propelling market growth.

Select Competitors (Total 58 Featured) -

• Clover Knits, Inc.
• Damodar Menon International Pvt Ltd.
• Gehring-Tricot Corporation
• Guilford
• Jason Mills LLC
• Krishna Overseas
• Macra Lace Company
• Rebtex, Inc.
• SAS Textiles
• William J. Dixon Company, Inc.

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