Global Circular Hosiery Machine Market Size By Type (Fully Automatic, Semi Automatic), By Application (Industrial, Commercial), By Region, And Segment Forecasts, 2023 to 2031

The Global Circular Hosiery Machine Market was valued at USD 2.5 billion in 2023 and is projected to reach USD 4.3 billion by 2031, growing at a CAGR of 6.8% during the forecast period from 2023 to 2031. The increasing demand for automated and efficient textile machinery, driven by the growing apparel and fashion industry, is the key factor driving market growth. Circular hosiery machines, known for their versatility and efficiency in knitting various fabrics, have become indispensable in modern textile manufacturing.

Drivers:

Increasing Demand for Advanced Knitting Solutions: The fashion industry's rapid evolution and the demand for intricate and high-quality knitted fabrics are pushing manufacturers to adopt advanced hosiery machines.

Automation and Efficiency: Automation trends in textile manufacturing are promoting the adoption of circular hosiery machines, reducing labor costs, and increasing production efficiency.

Rising Disposable Income and Urbanization: Growth in disposable income and urbanization, especially in emerging markets, is boosting demand for apparel, thereby fueling the need for high-performance knitting machinery.

Restraints:

High Initial Costs: The high cost of advanced circular hosiery machines may limit adoption, particularly among small and medium enterprises.

Maintenance and Operational Challenges: These machines require skilled labor for operation and maintenance, which could pose challenges in certain regions.

Opportunities:

Growth in Emerging Markets: Developing regions, such as Asia-Pacific and Latin America, present lucrative opportunities due to expanding textile industries and increasing investments in automated machinery.

Technological Advancements: Innovations, such as smart knitting technology and IoT integration in machinery, offer enhanced productivity and cost savings.

Market by System Type Insights:

The Single-Jersey Circular Knitting Machines segment dominated the market in 2023, owing to their wide application in producing lightweight fabrics for casual and sportswear. The Double-Jersey Circular Knitting Machines segment is expected to grow rapidly due to increasing demand for durable and intricate fabric patterns.

Market by End-use Insights:

The Apparel Industry held the largest share in 2023, driven by the booming demand for casual, athletic, and intimate wear. The Home Textiles segment is also anticipated to see significant growth, supported by the rising popularity of knitted furnishings.

Market by Regional Insights:

Asia-Pacific emerged as the largest market in 2023, with countries like China, India, and Vietnam leading in textile production.

Europe follows as a significant contributor, benefiting from advanced technology and a strong apparel export market.

The North American market is projected to witness steady growth due to demand for high-quality fabrics and automated machinery.

Competitive Scenario:

Key players include Mayer & Cie., Fukuhara Industrial & Trading Co. Ltd., Pailung Machinery Mill Co., Ltd., Santoni S.p.A., Terrot GmbH, and Vanguard Pai Lung. These companies are focusing on innovative product launches, strategic collaborations, and geographical expansions to strengthen their market positions.

Scope of Work – Global Circular Hosiery Machine Market

Key Market Developments:

2023: Mayer & Cie. introduced an advanced high-speed circular knitting machine designed to produce high-quality fabric with reduced power consumption.

2024: Pailung Machinery announced a strategic partnership with a leading textile manufacturer in Southeast Asia to promote automated knitting solutions.

2025: Santoni S.p.A. launched a new series of circular knitting machines integrated with IoT capabilities for real-time monitoring and predictive maintenance.

FAQs:

What is the current market size of the Global Circular Hosiery Machine Market?

The market size was valued at USD 2.5 billion in 2023.

What is the major growth driver of the Global Circular Hosiery Machine Market?

The demand for advanced knitting solutions and automation trends in textile manufacturing are driving growth.

Which is the largest region during the forecast period in the Global Circular Hosiery Machine Market?

Asia-Pacific is the largest and fastest-growing region due to its robust textile production infrastructure.

Which segment accounted for the largest market share in the Global Circular Hosiery Machine Market?

The Single-Jersey Circular Knitting Machines segment held the largest share in 2023.

Who are the key market players in the Global Circular Hosiery Machine Market?

Key players include Mayer & Cie., Fukuhara Industrial & Trading Co. Ltd., Pailung Machinery Mill Co., Ltd., and Santoni S.p.A.

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