Knitted Fabric Market Share to Reach USD 33.63 Billion by 2027 with Top Key Players: Gehring Tricot Corporation, Guilford Mills, Macra Lace Company, etc.

The Knitted Fabric market is projected to reach USD 33.63 Billion by 2027. Critical factors such as increasing use of knitted fabric as a technical textile in the automotive, retail, manufacturing, medical, and construction industries are expected to drive market growth in the near future. The development of seamless and float plating technology has increased manufacturing efficiency and broadened the product’s scope around the world.

The technical application segment dominated the global market and accounted for the majority of total revenue. Technological advances such as 3D knitting or spacer fabric, have broadened the product’s scope in different industries, including apparel, construction, automotive, and household. The increasing importance of medical textiles in implantable medical devices has broadened the product’s scope in the pharmaceutical industry. Dimensional strength, controlled elongation, controlled porosity, and compressibility are the product’s favorable characteristics, making it well suited for medical use.

Key participants include Gehring Tricot Corporation, Guilford Mills, Macra Lace Company, Rebtex Inc, Clover Knits, Damodar Menon International Pvt Ltd, SAS Textiles, William J Dixon Inc, Jason Mills LLC, Krishna Overseas, and Loyal Textile Mills Ltd, among others.

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The demand for knitted fabric has increased in denim garments, as customer preference moves to wrinkle-resistant, lightweight, light, and comfortable textiles. The growing value of synthetic fibers in the building and apparel industries is expected to fuel market growth in the coming years. In the construction industry, the application of the fiber has expanded as geotextiles in roof, walls, dams, and roads.

Thermal insulation and dust-resistant synthetic fiber features make it suitable for making curtains, napkins, carpets, and table cloths. The application of artificial intelligence has increased in the industry. It helps predict the properties and product consistency before the actual textile is produced. AI plays a significant role in clothing quality inspection, thus reducing errors and expenses.

The COVID-19 impact:
The COVID-19 pandemic is expected to interfere somewhat with the growth of the industry. The leading actors in the industry are skeptical of the market’s future and try to redesign their strategies to support the challenge. The pandemic had a serious impact on the motor, building and other industries, and most of the big automakers had to stop production and other operations. There is a shortage of resources in different parts of the planet as a result of regular lockdowns. COVID-19 has influenced foreign commerce, exports and imports, and has also contributed to a major decrease in demand in the industry. The big companies operating on the market try to clear their stock and concentrate on keeping their cash balances. In a way, the pandemic still offers an impetus for market development in the wake of these deadly images. It is likely that people’s average disposable income is reduced and producers are trying to develop innovative solutions, which can meet customer requirements at much lower cost.

For this report, Reports and Data segmented the global Knitted Fabric industry report based on product type, material type, application, and by Region for this study:

Product Type Outlook (Revenue, USD Billion; 2017-2027)

• Warp-Knit
• Weft-Knit

Material Type Outlook (Revenue, USD Billion; 2017-2027)

• Synthetic Fibers
• Elastomeric
• Cotton
• Artificial Fibers
• Others

Application Outlook (Revenue, USD Billion; 2017-2027)

• Household
• Clothing
• Fashion
• Technical
• Medical
• Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

• North America
• U.S
• Europe
• U.K
• France
• Asia Pacific
• China
• India
• Japan
• MEA
• Latin America
• Brazil

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Further key findings from the report suggest

• Rapid expansion in the textile industry has generated more growth offers, thereby attracting new players to enter the industry. This ensures that competition in the knitted fabrics market is increased.
• Major manufacturers are introducing more creative and superior quality products using manufacturing techniques of the next generation to add a new dimension to the knitted fabrics industry.
• Knitted fabrics are widely used as medical textiles in the health-care industry. Textile engineers have discovered that knitted fabrics are more flexible, highly permeable than woven fabrics, and have a loose and elastic structural nature, thus being able to be used in versatile medical applications.
• Knitted fabrics are considered to be more vulnerable to damage than their woven counterparts, thereby risking the fabric’s use efficiency in different applications.
• In recent years, many of the significant market players have raised investment in R&D projects, leading to the production of many innovative goods. Strategic collaborations among suppliers of Knitted Fabric are increasing exponentially as companies focus on inorganic growth strategies.
• In October 2019, with the aid of KnitCrete – a 3D-knitted formwork – Zaha Hadid Architects and researchers from ETH Zurich built double-curved concrete shelled pavilion. The system is believed to have helped to save building material, waste, and energy by simplifying the design cycle for complex shapes.

Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Knitted Fabric Market Segmentation & Impact Analysis
    4.1. Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                  4.2.2.1. Increasing globalization
                  4.2.2.2. Growth in the apparel sector
                  4.2.2.3. Increase in end-use applications
                  4.2.2.4. Rise in advanced technologies in textile industry
         4.2.3. Market restraints analysis
                  4.2.3.1. Vulnerable to damage
                  4.2.3.2. Labor crisis in the COVID-19 pandemic
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter’s Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
    4.9. Customer Mapping
Chapter 5. Knitted Fabric By Product Type Insights & Trends
    5.1. Product Type Dynamics & Market Share, 2019 & 2027
    5.2. Warp-Knit
          5.2.1. Market estimates and forecast, 2017 – 2027 (USD Billion)
          5.2.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion)
    5.3. Weft-Knit
          5.3.1. Market estimates and forecast, 2017 – 2027 (USD Billion)
          5.3.2. Market estimates and forecast, By Region, 2017 – 2027 (USD Billion)

Continued…

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