PUBLISHER: The Business Research Company | PRODUCT CODE: 1760071
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760071
A circular weft knitting machine is a knitting device designed to produce tubular fabrics using weft knitting methods. It functions with needles arranged in a circular pattern, allowing yarn to be knitted into horizontal loops across the fabric. These machines are known for their high-speed output and versatility in fabric structure production.
Circular weft knitting machines are primarily categorized into single and double circular types. A single circular weft knitting machine creates circular knitted fabrics through the weft knitting process. These machines are available in different capacities-small, medium, and high-and incorporate various technologies, including computerized, mechanical, and hybrid knitting systems. They serve a range of industries such as fashion and apparel, automotive, medical textiles, and aerospace.
The circular weft knitting machine market research report is one of a series of new reports from The Business Research Company that provides circular weft knitting machine market statistics, including circular weft knitting machine industry global market size, regional shares, competitors with a circular weft knitting machine market share, circular weft knitting machine market segments, market trends and opportunities, and any further data you may need to thrive in the circular weft knitting machine industry. This circular weft knitting machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The circular weft knitting machine market size has grown strongly in recent years. It will grow from $1.06 billion in 2024 to $1.16 billion in 2025 at a compound annual growth rate (CAGR) of 9.0%. The growth during the historic period can be attributed to the expansion of the home textiles sector, supportive government policies for the textile industry, the increasing significance of knit fabrics in medical textiles, a rise in the production of circular knitwear for luxury fashion, and growing consumer demand for comfort and well-fitting clothing.
The circular weft knitting machine market size is expected to see strong growth in the next few years. It will grow to $1.61 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%. The anticipated growth in the forecast period can be attributed to the rising demand for knitted fabrics in the fashion industry, expansion of the textile and apparel sectors, advancements in automation and digitization boosting operational efficiency, increasing preference for seamless apparel, and the growth of the sportswear and activewear markets. Key trends expected during this period include innovations in knitting machine design, enhanced customization capabilities of circular knitting machines, a growing focus on eco-friendly textiles and sustainable production methods, increased output of patterned and textured fabrics, and the integration of Industry 4.0 technologies.
The rising textile production is expected to drive the growth of the circular weft knitting machine market in the years ahead. Textiles are materials created by interlacing fibers through methods such as weaving, knitting, or felting, mainly used for producing clothing, furnishings, and industrial items. The surge in textile production is attributed to the growing global demand for fast and affordable fashion, as consumers increasingly seek trendy, low-cost apparel, which requires quick and large-scale production to keep up with evolving styles. Increased textile production fuels demand for circular weft knitting machines, which offer high-speed, continuous fabric output ideal for efficient, large-scale knitwear manufacturing. For example, in September 2024, a report by the Textile Exchange, a US-based non-profit organization, noted that virgin fossil-based synthetic fiber production rose from 67 million tons in 2022 to 75 million tons in 2023, with polyester accounting for 57% of total fiber output. Consequently, the rising textile production is set to accelerate the growth of the circular weft knitting machine market.
Leading companies in the circular weft knitting machine market are focusing on developing technologically advanced products, such as large-diameter circular knitting machines, to boost operational efficiency and productivity. A large-diameter circular knitting machine is characterized by its broad cylinder diameter, typically ranging between 30 and 60 inches or more. For instance, in December 2022, Santoni, an Italy-based fashion brand, introduced Innotas, a single jersey machine with three feeds per inch, specifically designed to handle fiber accumulation. The Innotas machine ensures consistent fabric quality and minimizes downtime through its fiber management capabilities. Additionally, it offers the option to be equipped with four cam tracks, enabling the versatile knitting of both Lycra and non-Lycra structures to meet diverse fabric requirements.
In September 2023, Santoni Shanghai Knitting Machinery Co. Ltd., a China-based knitting machinery manufacturer, acquired Terrot for an undisclosed sum. This acquisition is intended to transform and reinforce Santoni Shanghai's leadership in the circular knitting industry by utilizing Terrot's advanced technical knowledge, broad product range, and extensive global customer base. Terrot is a Germany-based producer of circular weft knitting machines.
Major players in the circular weft knitting machine market are Fujian Hanma Group Co. Ltd, Unitex Co. Ltd., Shima Seiki Mfg Ltd, Pai Lung Machinery Mill Co. Ltd, Santoni S.p.A., Suntech Textile Machinery Co Ltd., Keumyoung Co. Ltd., Jinjiang Hongji Machinery Co Ltd, Quanzhou Baiyuan Machinery Science & Technology Co Ltd, Sintex cz, Mayer & Cie GmbH & Co. KG, Terrot GmbH, Fukuhama, Wellknit, Welltex Co Ltd., Santec Precision Machinery Co Ltd, Trutzschler Group SE, SANTEX Rimar Group, Lisky technology ltd, Fujian Taifan Industrial Co Ltd.
Asia-Pacific was the largest region in the circular weft knitting machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in circular weft knitting machine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the circular weft knitting machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The circular weft knitting machine market consist of sales of rib knitting machines, interlock knitting machines and striper knitting machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Circular Weft Knitting Machine Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on circular weft knitting machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for circular weft knitting machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The circular weft knitting machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.