Knitted Fabric Market Size Worth USD 42.68 Billion By 2027 | Emergen Research

The global knitted fabric market size was USD 27.16 Billion in 2022 and is expected to register a revenue CAGR of 4.7% during the forecast period. The global knitted fabric market is experiencing significant growth, fueled by a confluence of factors including rising demand from the garment industry, adoption of advanced technologies, and evolving fashion trends. According to recent market analysis, the sector is poised for continued expansion over the coming years, with key drivers ranging from the popularity of athleisure wear to the increasing adoption of technical textiles across various industries.

Knitted fabrics, distinguished by their flexibility, comfort, and sustainability, have found extensive applications across diverse sectors such as fashion, home décor, medical textiles, sports, and outdoor apparel. The rise in athleisure and active wear, in particular, has propelled the demand for knitted fabrics due to their essential properties like stretch and moisture-wicking capabilities, catering to the evolving consumer preferences for comfortable and performance-oriented clothing.

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One of the primary segments driving market growth is the weft-knit category, which accounted for the largest revenue share in 2022. Weft-knit fabrics offer advantages such as better elasticity, simplicity in production, and cost-effectiveness, making them preferred choices for enterprises across various industries. With applications ranging from clothing to upholstery components, weft-knit fabrics are witnessing increased demand, especially in sectors like hosiery and sweaters.

Additionally, the material segment, with cotton leading the way, has played a crucial role in driving market revenue. Cotton's sustainability, biodegradability, and environmental friendliness have made it a preferred choice for knitted fabric production. Recent innovations, such as flame-retardant cotton fabrics, further highlight the potential for advancements within the segment, offering enhanced safety and comfort in various applications.

The technical segment, driven by industries prioritizing performance characteristics and durability, has also contributed significantly to market growth. Knitted fabrics find extensive use in sectors like sportswear, medical textiles, automotive interiors, and industrial applications, owing to their superior properties and versatility.

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In terms of end-use, the clothing industry segment is poised to witness significant revenue growth in the forecast period. Factors such as the rise of e-commerce, fast fashion trends, and the evolving consumer preferences for comfortable and breathable clothing have propelled the demand for knitted fabrics. Moreover, the societal shift towards more casual dress codes and the increasing demand for simplicity and comfort further bolster the market prospects for knitted fabrics in the clothing industry.

However, despite the promising growth prospects, challenges such as high production costs remain a barrier to market expansion. The complex manufacturing process, coupled with stringent quality control measures, contributes to elevated operational expenses, potentially impacting the competitiveness of knitted fabrics in the market.

Major Companies and Competitive Landscape

The global knitted fabric market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective knitted fabric. Some of the major companies included in the global knitted fabric market report are:

• Gehring Tricot Corp.
• Guilford Mills
• Macra Lace Company
• Rebtex
• Baltex
• Loyal Textile Mills Ltd.
• SSM Industries Inc.
• Toray Industries
• Zhejiang Chaoda Warp
• Clover Knits
• SAS Textiles
• William J Dixon Inc.
• Jason Mills LLC
• Krishna Overseas
• Abhinandan Knits
• Jong Stit Co. Ltd
• Haining Jinmao Warp Knitting
• Pacific Textiles Holdings Limited
• Georg + Otto Friedrich GmbH

Knitted Fabric Latest Industry News

• On September 7, 2023 - Toray Industries, Inc. announced the expansion of its LIVMOA series of comfortable disposable protective clothing with the addition of two new items. One of these is the LIVMOA 4300AS, a model with excellent water and oil resistance and breathability. The other is his entry model, which meets the standards of JIS T 8115: 2015 Type 5 (Seals for protection against suspended solid particles) and JIS T 8115: 2015 Type 6 (Seals for protection from fog). LIVMOA 1000AS.

• On June 12, 2023, Baltex announced the launch of its exciting Bouleret fabric, designed to enrich the world of clothing with its exceptional comfort and performance properties. Bourellet is a revolutionary jersey knit material designed for unparalleled functionality and style. Crafted with meticulous attention to detail, this fabric is the perfect blend of comfort, durability, and versatility, making it an industry game changer.

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Segments Covered in Report

For the purpose of this report, Emergen Research has segmented the global knitted fabric market on the basis of product, material, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Weft-Knit
o Wrap-Knit

• Material Outlook (Revenue, USD Billion; 2019-2032)
o Synthetic Fibers
o Elastomeric
o Cotton
o Artificial Fibers
o Others

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Technical
o Household
o Fashion and Clothing

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Clothing
o Industry
o Civil Engineering
o Automotive
o Aerospace
o Construction
o Agricultural
o Medical
o Others

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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