The Knitted Fabric Market Size was estimated at 151.16 (USD Billion) in 2022.The Knitted Fabric Industry is expected to grow from 158.52 (USD Billion) in 2023 to 243.11 (USD Billion) by 2032. The Knitted Fabric Market CAGR (growth rate) is expected to be around 4.87% during the forecast period (2024 - 2032).
Key Knitted Fabric Market Trends Highlighted
The Knitted Fabric market is witnessing significant growth, driven by rising demand for comfortable and stylish apparel, increasing consumer expenditure on fashion, and advancements in fabric technology. Key drivers include the prevalence of athleisure wear, the shift towards eco-friendly textiles, and the growing popularity of online shopping. Capturing opportunities in this market involves tailoring products to specific market segments, exploring sustainable fabric innovations, and embracing e-commerce channels. Recent trends in the industry include the rise of seamless knitting, the integration of smart fabrics, and the demand for performance-enhancing textiles in sportswear. Market participants must stay abreast of these trends to remain competitive in the dynamic Knitted Fabric landscape.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Knitted Fabric Market Drivers
Rising Demand for Knitted Fabrics in the Apparel Industry
The knitted fabric market is primarily driven by the burgeoning apparel industry. Knitted fabrics are widely used in the manufacturing of various garments, including t-shirts, sweatshirts, sportswear, dresses, and undergarments, owing to their comfort, breathability, and versatility. The increasing demand for comfortable and stylish clothing, coupled with the growing popularity of athleisure wear, is fueling the growth of the knitted fabric market.The fashion industry's focus on sustainability and eco-friendly practices is also contributing to the demand for knitted fabrics made from organic and recycled materials. Moreover, the advancements in knitting technology, such as the development of high-speed knitting machines and the introduction of innovative knitting techniques, are enabling manufacturers to produce a wider range of knitted fabrics with enhanced properties. These advancements are catering to the diverse needs of the apparel industry and contributing to the overall growth of the knitted fabric market.Additionally, the growing population and rising disposable incomes in developing countries are creating a vast consumer base for knitted fabrics. The increasing urbanization and changing lifestyles are further propelling the demand for knitted fabrics as consumers seek comfortable and fashionable clothing options.
Technological Advancements and Innovation in Knitted Fabric Production
The Knitted Fabric Market Industry is witnessing significant advancements in knitting technology, which is driving the growth of the market. The development of high-speed knitting machines and the introduction of innovative knitting techniques are enabling manufacturers to produce a wider range of knitted fabrics with enhanced properties. These advancements are catering to the diverse needs of the apparel industry and contributing to the overall growth of the knitted fabric market. For instance, the adoption of digital knitting technology allows for the creation of complex and intricate knitted patterns, enhancing the aesthetic appeal of knitted fabrics. Additionally, the use of 3D knitting technology enables the production of seamless and form-fitting garments, offering improved comfort and flexibility. Furthermore, advancements in yarn technology, such as the development of moisture-wicking and antimicrobial yarns, are contributing to the production of high-performance knitted fabrics.These fabrics find application in sportswear, activewear, and medical textiles, further expanding the scope of the knitted fabric market.
Growing Focus on Sustainability and Eco-Friendly Practices
The Knitted Fabric Market Industry is increasingly influenced by the growing focus on sustainability and eco-friendly practices. Consumers are becoming more conscious of the environmental impact of their purchases, driving the demand for sustainable and ethical fashion options. In response to this trend, manufacturers are adopting sustainable practices throughout the production process, from the sourcing of raw materials to the finishing and treatment of knitted fabrics.The use of organic and recycled materials, such as organic cotton, bamboo, and recycled polyester, is gaining traction in the knitted fabric industry. Moreover, manufacturers are implementing energy-efficient knitting techniques and reducing water consumption during the production process. The adoption of eco-friendly dyes and chemicals is also becoming prevalent, ensuring that knitted fabrics meet environmental standards and cater to the growing consumer demand for sustainable fashion.
Knitted Fabric Market Segment Insights
Knitted Fabric Market Fiber Type Insights
The Knitted Fabric Market is segmented by fiber type into cotton, polyester, nylon, wool, and silk. Among these, cotton held the largest market share in 2023, at around 45%. This dominance is attributed to the widespread use of cotton in various textile applications due to its breathability, comfort, and affordability. Polyester is expected to witness significant growth over the forecast period, owing to its durability, wrinkle resistance, and moisture-wicking properties, making it suitable for activewear and outdoor clothing. Nylon, known for its strength and elasticity, is expected to gain traction in the sportswear and swimwear segments.Wool, with its natural insulating and moisture-regulating properties, is likely to remain popular in cold-weather apparel. Silk, renowned for its luxurious texture and drape, is anticipated to witness steady demand in high-end fashion and home textiles. The growth of the Knitted Fabric Market is influenced by rising disposable income, increasing demand for comfortable and stylish clothing, and growing awareness of sustainable fashion. The market is also driven by technological advancements, such as the development of innovative knitting techniques and the use of eco-friendly fibers.The increasing popularity of athleisure wear and the growing demand for performance fabrics are further contributing to market expansion. Key market players are focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Knitted Fabric Market Gauge Insights
The knitted fabric market is segmented based on gauge into fine, medium, and coarse gauge. Fine gauge knitted fabrics are characterized by a high number of stitches per inch, resulting in a smooth, delicate, and lightweight fabric. Medium gauge knitted fabrics have a moderate number of stitches per inch, providing a balance between smoothness and durability. Coarse gauge knitted fabrics have a low number of stitches per inch, creating a thicker, more textured, and durable fabric. The fine gauge segment is expected to dominate the knitted fabric market in 2023, accounting for approximately 40% of the market share.This dominance is attributed to the increasing demand for fine gauge knitted fabrics in the apparel industry, particularly for high-end garments and sportswear. The medium gauge segment is projected to grow at a steady pace, driven by its versatility and wide range of applications in both apparel and home textiles. The coarse gauge segment is anticipated to witness moderate growth, primarily due to its use in industrial and technical applications.
Knitted Fabric Market Kniting Technique Insights
Warp knitting and weft knitting are the two main knitting techniques used in the production of knitted fabrics. Warp knitting involves knitting the fabric by manipulating the warp yarns, while weft knitting involves knitting the fabric by manipulating the weft yarns. Warp knitting produces a more stable and durable fabric with less stretch than weft knitting. The warp knitting segment is expected to account for a larger share of the market as it offers several advantages over weft knitting, such as higher production speeds, lower production costs, and the ability to produce more complex and intricate designs.The weft knitting segment, however, is expected to grow at a faster pace due to the increasing demand for weft-knitted fabrics in the sportswear and athleisure markets.
Knitted Fabric Market Coloring Insights
The knitted fabric market is segmented based on coloring into plain dyed, printed, and jacquard. Plain dyed fabrics are the most common type of knitted fabrics and are available in a wide range of colors. The plain dyed knitted fabric market is expected to grow at a CAGR of 4.5% from 2023 to 2032, reaching a market size of USD 85.78 billion by 2032. Printed knitted fabrics are another popular type of knitted fabric and are often used in clothing and home furnishings. The printed knitted fabric market is expected to grow at a CAGR of 5.1% from 2023 to 2032, reaching a market size of USD 62.21 billion by 2032.Jacquard knitted fabrics are the most intricate type of knitted fabric and are often used in high-end clothing and home furnishings. The jacquard knitted fabric market is expected to grow at a CAGR of 4.8% from 2023 to 2032, reaching a market size of USD 33.29 billion by 2032.
Knitted Fabric Market Regional Insights
The Knitted Fabric Market is segmented regionally into North America, Europe, Asia Pacific, South America, and Middle East Africa. Among these regions, Asia Pacific held the largest market share in 2023 and is expected to maintain its dominance throughout the forecast period. This growth is primarily attributed to the increasing demand for knitted fabrics in the region's textile and apparel industries. Moreover, the rising disposable incomes and growing population in countries like China and India are expected to further drive the market growth in the region.North America is another major market for knitted fabrics, owing to the presence of a large textile and apparel industry. However, the market in this region is expected to witness a moderate growth rate during the forecast period due to the increasing competition from low-cost manufacturers in Asia. Europe is a mature market for knitted fabrics, with a well-established textile and apparel industry. The market in this region is expected to grow at a steady pace during the forecast period, driven by the demand for high-quality and sustainable knitted fabrics.South America and Middle East Africa are emerging markets for knitted fabrics with significant growth potential. The increasing demand for knitted fabrics in these regions is expected to drive the market growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Knitted Fabric Market Key Players And Competitive InsightsThe Knitted Fabric Market industry is highly competitive, with a large number of players operating in the market. The leading Knitted Fabric Market players include Shenzhou International Holdings Limited, Texhong Textile Group, and Jiangsu Sunshine Group. These companies have a strong presence in the market and offer a wide range of knitted fabrics to meet the needs of their customers. Other notable players in the Knitted Fabric Market include Huafu Fashion Co., Ltd., Zhejiang Xinle Textile Co., Ltd., and Youngor Group Co., Ltd. These companies are constantly innovating and developing new products to meet the changing needs of the market.Leading Knitted Fabric Market playersShenzhou International Holdings Limited is a leading Knitted Fabric Market player with a presence. The company offers a wide range of knitted fabrics, including circular knits, warp knits, and weft knits. Shenzhou International Holdings Limited has a strong focus on innovation and sustainability, and it is committed to providing high-quality products to its customers. The company has a large customer base, which includes some of the world's leading apparel brands.Knitted Fabric Market Competitive LandscapeThe Knitted Fabric Market is highly competitive, with players competing on price, quality, and innovation. The leading players in the market are constantly investing in research and development to improve their products and processes. The Knitted Fabric Market is also characterized by a high level of consolidation, with the top players accounting for a significant share of the market.
Key Companies in the Knitted Fabric Market Include
Knitted Fabric Market Industry Developments
The knitted fabric market is projected to reach USD 243.11 billion by 2032, exhibiting a CAGR of 4.87% during the forecast period. Rising demand for comfortable and stylish clothing, coupled with increasing disposable income in emerging economies, is driving market growth. Technological advancements, such as the development of smart and functional knitted fabrics, are further fueling market expansion. Key industry players are focusing on sustainability initiatives, including the use of recycled materials and eco-friendly production processes, to meet growing consumer demand for ethical products. Recent news developments include the launch of innovative knitted fabrics with moisture-wicking, antibacterial, and UV-protective properties, catering to the evolving needs of consumers in the sportswear and athleisure sectors. Strategic partnerships and collaborations between market participants are expected to shape the competitive landscape in the coming years.
Knitted Fabric Market Segmentation Insights
Knitted Fabric Market Fiber Type Outlook
Knitted Fabric Market Gauge Outlook
Knitted Fabric Market Kniting Technique Outlook
Knitted Fabric Market Coloring Outlook
Knitted Fabric Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | 151.16 (USD Billion) |
| Market Size 2023 | 158.52 (USD Billion) |
| Market Size 2032 | 243.11 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.87% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Taiwan Textile Federation, Mitsubishi Rayon Co., Ltd., Toray Industries, Inc., Teijin Limited, Shinkong Synthetic Fibers, Chung Shing Textile Co., Ltd., Oriental Chemical Fiber, Kolon Industries, Inc., Formosa Taffeta Company Ltd, Toray Industries, Inc, Invista, Inc., Makalot Industrial Co., Ltd., Hyosung Group, Asahi Kasei Corporation, Everest Textile Company |
| Segments Covered | Fiber Type, Gauge, Knitting Technique, Coloring, Regional |
| Key Market Opportunities | Growing demand for sustainable textiles Surge in athleisure wear Advancements in 3D knitting technology Increasing adoption of seamless garments Expansion of ecommerce channels for knitted fabrics. |
| Key Market Dynamics | Increasing demand for athleisure wear Growing popularity of seamless garments Shift towards eco-friendly and sustainable fabrics Rise in disposable income Technological advancements. |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The knitted fabric market is expected to reach a valuation of 243.11 billion USD by 2032, exhibiting a CAGR of 4.87% from 2023 to 2032.
Asia-Pacific is projected to lead the knitted fabric market throughout the forecast period, owing to the presence of a large textile industry and increasing demand from end-use industries such as apparel, sportswear, and home textiles.
Knitted fabrics find extensive applications in various end-use industries, including apparel, sportswear, home textiles, automotive interiors, and medical textiles.
Key players in the knitted fabric market include Texhong Textile Group, Shenzhou International Group Holdings Limited, Shandong Ruyi Technology Group Co. Ltd, and Nilit.
Rising demand for comfortable and stylish clothing, increasing disposable income, and technological advancements in knitting techniques are driving the growth of the knitted fabric market.
Fluctuating raw material prices, intense competition, and environmental concerns related to textile production pose challenges to the growth of the knitted fabric market.
The knitted fabric market is anticipated to register a CAGR of 4.87% during the forecast period from 2024 to 2032.
The sportswear segment is projected to exhibit substantial growth in the knitted fabric market, driven by increasing participation in sports activities and rising demand for athleisure wear.
Sustainability, innovation in knitting technology, and increasing adoption of e-commerce platforms are some of the key trends shaping the knitted fabric market.
Emerging markets, advancements in smart textiles, and growing demand for personalized knitted products present significant growth opportunities in the knitted fabric market.
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