Knitted Fabric Market Revenue Sales to Reach $35.7 Billion by 2025: Grand View Research Inc.

The global knitted fabric market size is expected to reach USD 35.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.0% over the forecast period. Increasing application of knitted fabric as technical textile in the automotive, packaging, manufacturing, medical, and construction industries is expected to accelerate the growth of the market in the near future. Development of seamless and float plating technology has enhanced the production efficiency and widened the scope of the product over the world.

The technical application segment dominated the global market in 2018 and accounted for more than 80.0% share of the overall revenue. Technological advancements such as 3D knitting or spacer fabric have widened the scope of the product in various industries including apparel, construction, automotive, and household. Growing importance of medical textiles in the implantable medical device has expanded the scope of the product in the medical industry. Dimensional flexibility, controlled elongation, controlled porosity, and compressibility are favorable features of the product, thereby making it well-suited for medical application.

As of 2018, Asia Pacific held 70.2% share of the global revenue. China dominates the region with a major share of the overall revenue. India and Bangladesh are also important markets of this industry. Over the past few years, the knitwear industry of India has been witnessing significant growth. Rising popularity of comfort wear such as t-shirt is fueling demand for the product in this economy. In addition, rapid growth of the automotive, construction, and manufacturing industries of India is projected to boost the market growth in the upcoming years.

Key competitors of this industry include Baltex; Georg and Otto Friedrich GmbH; Jong Stit Co., Ltd.; Zhejiang Chaoda Warp Knitting Co., Ltd.; Haining Jinmao Warp Knitting Co., Ltd.; ABHINANDAN KNITS PVT LTD.; Guilford; Loyal Textile Mills Ltd.; Pacific Textiles Holdings Limited; TORAY INDUSTRIES, INC.; Teejay Lanka PLC; and SSM Industries.

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https://www.grandviewresearch.com/industry-analysis/knitted-fabric-market

Further key findings from the study suggest:

·       Asia Pacific for knitted fabric market held the largest share of 70.2% in 2018

·       By product, warp-knit is expected to register the fastest CAGR of 6.4% from 2019 to 2025. The weft-knit segment held the largest share of over 60.0% in 2018

·      The technical application segment dominated the market in 2018 and it is expected to maintain its lead in the projected years.

Grand View Research has segmented the global knitted fabric market on the basis of product, application, and region:

Knitted Fabric Product Outlook (Revenue, USD Million, 2015 - 2025)

·         Weft-knit

·         Warp-knit

Knitted Fabric Application Outlook (Revenue, USD Million, 2015 - 2025)

·         Technical

·         Household

·         Fashion & Clothing

Knitted Fabric Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

·         Europe

·         Asia Pacific

·         Central & South America

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com