Market Size of Global Warp Knitting Machine Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.70 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Warp Knitting Machine Market Analysis
The Global Warp Knitting Machine Market is expected to grow at a CAGR of 3.7% over the forecast period of 2022-2027.
The COVID-19 outbreak halted production in China first, followed by store closures around the world. Observable changes in maritime transport networks as a result of the pandemic include, for example, a reduction in service frequency (blank sailings and idle fleet) and changes in routing, particularly affecting Asia-Northern Europe services, a key axis in the trade of fashion goods.
Rising demand for synthetic knitted products across the world is driving the demand for warp knitting machines. Increasing demand for knitted sportswear is also fueling the demand for warp knitting machines. Rising demand for sports footwear is augmenting the demand for sports textiles, which is the raw material used to manufacture sports footwear. This, in turn, is propelling the demand for warp knitting machines used in the production of sports textiles.
Wrap knitting machines have come up with a new model with electronic guide bar control, which allows for immediate pattern changes without any mechanical modification and no delay in production. The double needle bar technology is creating new opportunities besides the usage of 3D spacer fabrics. This ingenious bar arrangement and technical configuration, combined with the new technology, enables this double needle bar machine to open up a new dimension, producing fabrics with diverse malleable patterning on both fabric sides. Small and flat reliefs, or deep and bulky forms with cushioning, are possible. Further, the design can contain freely placed holes, for even more possibilities. The openings can be used for directed air flow or lighting effects. Such opportunities enhance the growth of the warp knitting machines market.
