Global Double Jersey Circular Knitting Machines Market Size By Type (Double Jersey, Double Jersey Jacquard), By Application (Industrial Use, Medical Use), By Region, And Segment Forecasts, 2023 to 203...

The Global Double Jersey Circular Knitting Machines Market was valued at USD 5.2 billion in 2023 and is expected to surpass USD 8.5 billion by 2031, growing at a CAGR of 6.4% during the forecast period from 2023 to 2031. This growth is attributed to the rising demand for advanced fabric manufacturing technologies, increasing application of double jersey circular knitting machines in diverse industries such as textiles, sportswear, and home furnishings, and the emphasis on operational efficiency in knitting processes.

Drivers

Growing Demand for High-Quality Fabrics:

Increasing consumer demand for high-quality, durable, and elastic fabrics in sportswear, casual wear, and upholstery drives the adoption of advanced double jersey circular knitting machines.

Technological Advancements in Knitting Machines:

The integration of automation and digital controls in knitting machines enhances efficiency and precision, reducing production errors and material wastage.

Expanding Textile Industry in Emerging Economies:

Rapid urbanization and industrialization in developing regions such as Asia-Pacific are fueling the demand for high-speed, efficient knitting solutions to meet growing textile production needs.

Restraints

High Initial Investment Costs:

The substantial capital required to purchase advanced knitting machines can deter small and medium-sized enterprises (SMEs) from adopting these technologies.

Maintenance Challenges:

Regular maintenance and skilled labor requirements for optimal machine operation can pose challenges for manufacturers, particularly in cost-sensitive regions.

Opportunity

Customization and Specialized Applications:

The ability of double jersey circular knitting machines to produce customized and specialized fabric patterns presents significant opportunities for innovation in the fashion and technical textiles sectors.

Sustainability in Textile Manufacturing:

Rising awareness of sustainable practices in textile production creates demand for energy-efficient and waste-reducing knitting machines.

Market by System Type Insights

The Electrically Controlled Double Jersey Circular Knitting Machines segment dominated the market in 2023 due to its precision and operational efficiency. It is anticipated to grow further as manufacturers seek innovative solutions to meet customized fabric needs.

Market by End-Use Insights

The Textile and Apparel Industry segment accounted for the largest revenue share in 2023, driven by high demand for quality fabrics in sportswear and casual wear. The Technical Textiles segment is expected to witness the highest growth due to increased applications in automotive and industrial sectors.

Market by Regional Insights

Asia-Pacific emerged as the largest market in 2023, supported by significant investments in textile manufacturing hubs like China, India, and Bangladesh. North America and Europe are also major markets, driven by technological advancements and demand for high-end textiles.

Competitive Scenario

Key players include Fukuhara Industrial & Trading Co., Ltd., Mayer & Cie, Pailung Machinery Mill Co., Ltd., Santoni S.p.A., and Terrot GmbH. These companies focus on technological innovation, regional expansion, and strategic partnerships. Recent developments include:

2023: Mayer & Cie launched a new series of energy-efficient circular knitting machines.

2024: Pailung Machinery Mill Co., Ltd. partnered with a global apparel brand to supply specialized machines for sustainable fabric production.

Scope of Work – Global Double Jersey Circular Knitting Machines Market