About Large Circular Knitting Machine
Large Circular knitting machine is a machine by which tubular and seamless fabrics are produced using knitting with circular needles and shaping the fabric by varying the tension or length of the knitting stitches is called circular knitting machine. The machine has needles placed in a circle and knits in the round. Large circular knitting machine offers continuous knitting and a great number of simultaneously processed yarns. It is highly utilized in the textile industry to manufacture seamless garments due to its high productivity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market Analyst at AMA Research estimates that china Manufacturers will contribute the maximum growth to Global Large Circular Knitting Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Santoni (China), Pailung (Taiwan), Wellmade Enterprise Co.,Ltd. (Taiwan), Mayer & Cie (Germany), Fukuhara (Japan), Baiyuan Machinery (China), Taifan Machinery (China), Terrot GmbH (Germany), Santec Precision Machinery (Taiwan) and Sanda Machinery (Taiwan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Unitex (Singapore) and Orizio Srl (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Large Circular Knitting Machine market by Type (Single Circular Knitting Machines and Double Circular Knitting Machines), Application (Apparel Textiles, Home Textiles, Technical Textiles and Others) and Region.
On the basis of geography, the market of Large Circular Knitting Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Automation, the sub-segment i.e. Automatic will boost the Large Circular Knitting Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Investment by the Key Manufacturers to Develop Innovative Knitting Machines
Market Growth Drivers:
Increasing Demand of Large Circular Knitting Machine for Bulk Production and Increase Productivity
Challenges:
High Training Cost of Operators and Maintenance
Restraints:
Poor Flexibility Machine for Producing Fabrics in Different Diameters
Opportunities:
High Growth of Textile Industry Due to Change in Consumers Preference towards the Fashion
Market Leaders and their expansionary development strategies
In September 2023 Santoni Shanghai Knitting Machinery Co., Ltd., founded and wholly owned by Italy's Lonati family, today announced the strategic acquisition of Terrot GmbH, a leading manufacturer of circular knitting machines based in Chemnitz, Germany. The move comes as the latest development in Santoni Shanghai's long-term vision to build an ecosystem that aims to reshape and consolidate the circular knitting industry.
In December 2022,Leading Italian circular knitting machine builder Santoni is launching a brand-new large diameter machine called INNOTAS at the upcoming India ITME show in Noida, India (Hall 15 - Booth D20).
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Large Circular Knitting Machine Manufacturers, Suppliers and Distributors of Large Circular Knitting Machine, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.