Global Single Jersey Circular Knitting Machines Market Size By Type (Small Diameter, Large Diameter), By Application (Industrial Use, Medical Use), By Region, And Segment Forecasts, 2023 to 2031

The Global Single Jersey Circular Knitting Machines Market is projected to witness substantial growth, reaching USD 5.8 billion by 2031, up from USD 3.2 billion in 2023, registering a CAGR of 6.7% during the forecast period (2023-2031). This growth is driven by the rising demand for knitted fabrics in the fashion and apparel industries, increasing technological advancements in knitting machines, and the growing popularity of single jersey fabrics due to their versatility and comfort.

Single jersey circular knitting machines are essential in producing high-quality knitted fabrics, widely used in apparel manufacturing. Their ability to efficiently produce lightweight, breathable, and stretchable fabrics has bolstered their demand across various end-use industries.

Drivers

Rising Demand for Knitted Fabrics: The growing popularity of knitted textiles in fashion, home furnishings, and activewear is a primary driver of market growth.

Technological Advancements: Innovations such as computer-controlled knitting machines and automation are improving productivity and reducing operational costs, further boosting market demand.

Growth in Apparel Manufacturing: Increasing consumer spending on clothing, driven by rising disposable incomes, is fueling the demand for single jersey fabrics and, consequently, circular knitting machines.

Restraints

High Initial Costs: The procurement of advanced single jersey circular knitting machines involves substantial capital investment, potentially limiting adoption among small-scale manufacturers.

Maintenance Challenges: These machines require regular maintenance and skilled operators, which can be challenging for manufacturers in developing regions.

Opportunity

Emerging Markets Expansion: Increasing investments in the textile industry in Asia-Pacific and Latin America provide lucrative opportunities for market players.

Eco-Friendly and Sustainable Textiles: Growing consumer preference for sustainable clothing is driving demand for machines that can process eco-friendly yarns and fibers.

Market by System Type Insights

The Electronic Single Jersey Circular Knitting Machines segment is expected to dominate the market during the forecast period. These machines offer higher efficiency, precision, and customization capabilities compared to manual or mechanical models, aligning with the growing demand for advanced textile machinery.

Market by End-use Insights

The Apparel Manufacturing segment accounted for the largest market share in 2023, driven by the high demand for single jersey fabrics in activewear, casual wear, and innerwear. This segment is expected to continue its dominance, supported by the ongoing trends in athleisure and sustainable fashion.

Market by Regional Insights

Asia-Pacific leads the market, driven by the presence of major textile manufacturing hubs in countries like China, India, and Bangladesh. The region is also expected to exhibit the highest growth rate, attributed to increasing investments in textile production and rising domestic demand for apparel. Europe and North America also hold significant market shares due to the demand for high-quality knitted fabrics and the adoption of advanced manufacturing technologies.

Competitive Scenario

Key players in the Global Single Jersey Circular Knitting Machines Market include:

Mayer & Cie GmbH & Co. KG

Fukuhara Industrial & Trading Co., Ltd.

Terrot GmbH

Jiunn Long Machine Co., Ltd.

Orizio Srl

Santoni S.p.A. These companies focus on product innovation, strategic collaborations, and geographical expansion to strengthen their market position.

Scope of Work – Global Single Jersey Circular Knitting Machines Market