Global Computer Hosiery Machines Market Size By Type (Flat Socks Machine, Round Socks Machine), By Application (Men's Socks, Lady Socks), By Region, And Segment Forecasts, 2023 to 2031

The Global Computer Hosiery Machines Market was valued at USD X.X billion in 2023 and is projected to surpass USD X.X billion by 2031, growing at a CAGR of X.X% during the forecast period from 2023 to 2031. The increasing demand for advanced knitting technologies, automation in hosiery manufacturing, and growing consumer preference for customized and high-quality hosiery products are key factors driving the market growth.

Computer hosiery machines are extensively used for producing socks, stockings, and other hosiery products with high precision, speed, and customization options. The market is witnessing significant technological advancements, such as 3D knitting, integration with AI-based automation, and sustainable hosiery production, further propelling its expansion.

Drivers:

1. Rising Demand for High-Quality Hosiery Products

Consumers are increasingly seeking premium-quality hosiery, driving manufacturers to adopt advanced computerized hosiery machines to ensure precision, efficiency, and consistency in production.

2. Growth in Automation and Industry 4.0 in Textile Manufacturing

Automation in textile manufacturing, particularly the integration of computerized knitting machines, has significantly improved efficiency, reduced labor costs, and enhanced product quality. This trend is expected to continue, fueling the demand for computer hosiery machines.

3. Expansion of E-commerce and Fashion Trends

The booming e-commerce industry has increased the demand for a variety of hosiery products, including customized and designer socks. Computerized hosiery machines enable manufacturers to respond to dynamic fashion trends quickly.

Restraints:

1. High Initial Investment Costs

The adoption of advanced computer hosiery machines requires significant capital investment, which can be a barrier for small and medium-sized manufacturers.

2. Technical Complexity and Skilled Labor Shortage

Operating and maintaining computerized hosiery machines require technical expertise, and the shortage of skilled labor may hinder market growth, particularly in developing regions.

Opportunities:

1. Sustainable and Eco-friendly Hosiery Production

With growing awareness of sustainable fashion, manufacturers are focusing on eco-friendly hosiery production using recyclable materials and energy-efficient machines, creating opportunities for innovation in the market.

2. Increasing Adoption of Smart and AI-Integrated Machines

The integration of artificial intelligence, IoT, and smart sensors in hosiery machines offers enhanced precision, predictive maintenance, and real-time monitoring, driving future growth.

3. Emerging Markets in Asia-Pacific and Latin America

The textile industry in regions such as China, India, and Brazil is expanding, presenting lucrative opportunities for the adoption of advanced hosiery machines in these markets.

Market by System Type Insights:

Based on system type, the Circular Knitting Machines segment dominated the market in 2023 due to their high-speed production capabilities and ability to manufacture diverse hosiery designs efficiently.

However, Flat Knitting Machines are also witnessing growth, particularly in the customization segment, where personalized hosiery is gaining traction.

Market by End-use Insights:

The Commercial Hosiery Manufacturers segment accounted for the largest market share in 2023, as large-scale hosiery production units widely adopt computer-controlled knitting machines to enhance efficiency and meet bulk production demands.

The Customized Hosiery Manufacturers segment is expected to witness rapid growth due to the increasing demand for niche and designer hosiery products.

Market by Regional Insights:

North America led the market in 2023, driven by technological advancements, high consumer demand for premium hosiery, and the presence of major manufacturers.

Europe is another significant market due to the presence of established fashion and textile industries.

Asia-Pacific is projected to experience the highest growth rate during the forecast period, fueled by rapid industrialization, increasing textile exports, and government incentives for modernizing textile manufacturing.

Competitive Scenario:

Key players in the Global Computer Hosiery Machines Market include:

Lonati S.p.A

Santoni S.p.A

Ningbo Cixing Co., Ltd

Sangiacomo S.r.l

Fukuhara Industrial & Trading Co., Ltd

Da Kong Enterprise Co., Ltd

Kern Liebers Group

These companies focus on technological innovations, strategic partnerships, and expanding their production capabilities to strengthen their market position. Recent developments include Lonati S.p.A launching an AI-powered hosiery knitting machine in 2023, enhancing production efficiency and reducing energy consumption.

Scope of Work – Global Computer Hosiery Machines Market

Key Market Developments:

Lonati S.p.A introduced a new AI-powered hosiery machine in 2023, improving automation and reducing production waste.

Santoni S.p.A expanded its hosiery machinery production in Asia-Pacific to cater to the growing market demand.

Ningbo Cixing Co., Ltd partnered with a fashion brand to develop customized hosiery solutions using AI-integrated machines.

FAQs:

1. What is the current market size of the Global Computer Hosiery Machines Market?

The market was valued at USD X.X billion in 2023 and is expected to grow significantly by 2031.

2. What is the major growth driver of the Global Computer Hosiery Machines Market?

The increasing adoption of automated hosiery knitting machines and rising demand for high-quality hosiery products are key growth drivers.

3. Which is the largest region during the forecast period in the Global Computer Hosiery Machines Market?

North America dominated the market in 2023, while Asia-Pacific is expected to witness the highest growth.

4. Which segment accounted for the largest market share in the Global Computer Hosiery Machines Market?

The Circular Knitting Machines segment accounted for the largest share, driven by its efficiency and high-speed production capabilities.

5. Who are the key market players in the Global Computer Hosiery Machines Market?

Major players include Lonati S.p.A, Santoni S.p.A, Ningbo Cixing Co., Ltd, Sangiacomo S.r.l, and Fukuhara Industrial & Trading Co., Ltd.

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