Automotive Industry Is the Dominant Knitted Fabrics Application Area, Growing at Almost 5% CAGR

Knitted Fabrics

The knitted fabric market analysis exhibits that global demand reached nearly US$ 24 Bn in 2020. According to Fact.MR’s report, knitted fabric sales will likely expand at a CAGR of nearly 5% from 2021 to 2031, with new market entrants and developing firms accounting for nearly 50% of the overall market.

Global knitted fabrics market size is projected to reach nearly US$ 40 Bn by 2031. Because of its low cost, improved elasticity, and easier manufacturing method, weft-knitted fabrics will continue dominating the market.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=2865

This newly published and insightful report sheds light on Market Insights of Knitted Fabrics, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Knitted Fabrics Market.

Newly released data from the knitted fabric market analysis exhibits that global demand reached nearly US$ 24 Bn in 2020. According to Fact.MR’s report, knitted fabric sales will likely expand at a CAGR of nearly 5% from 2021 to 2031, with new market entrants and developing firms accounting for nearly 50% of the overall market.

Global knitted fabrics market size is projected to reach nearly US$ 40 Bn by 2031. Because of its low cost, improved elasticity, and easier manufacturing method, weft-knitted fabrics will continue dominating the market.

Competitive Landscape

In the following decade, manufacturers in the Knitted Fabrics market will focus on strategic acquisitions, collaborations, and product launches.

  1. With the use of KnitCrete, a 3D-knitted formwork, Zaha Hadid Architects and researchers from ETH Zurich  constructed a double-curved concrete shelled pavilion. By simplifying the construction process for complex shapes, this framework is said to have helped save material, waste, and labor in the construction industry.
  2. Similarly, Maral manufacturers introduced high-quality knit fabrics with unique characteristics and high-quality materials in the quickest period feasible. Their in-house diversity of spinning skills of Dyed Yarn, Knitting, Brushing, Sueding, and Printing offers us a strategic advantage over the competition in offering a varied selection of knit materials for both innerwear and outerwear.
  3. To maximize the benefits for clients, Stoll and KM.ON, two popular Karl Mayer Group companies, have combined their experience and creativity for the new product Create. Stoll is a flat knitting technology pioneer who offers unique process knowledge to its business, resulting in faultless flat knitting solutions and exceptional client service, according to the company.

Key Companies Profiled

  • BSL Limited
  • INVISTA S.R.L
  • Lu Thai Textile Co. Ltd.
  • Paramount Textile Mills Ltd.
  • Paulo de Oliveira S.A.
  • Successori REDA S.p.A.
  • Shandong Jining Ruyi Woolen Textile Co. Ltd.
  • Sinopec Yizheng Chemical Fiber Company Ltd.
  • China Textiles Ltd.
  • Rhodia SA
  • Li & Fung Group
  • Modern Woollens Ltd.
  • Mayur Suitings Ltd.
  • JCT Limited

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=2865

Key Segments Covered

  • Fabric Types

    • Weft Knitted Fabrics
    • Warp Knitted Fabrics
  • Application

    • Knitted Fabrics for Clothing
    • Knitted Fabrics for Civil Engineering
    • Knitted Fabrics for Automotive
    • Knitted Fabrics for Aerospace
    • Knitted Fabrics for Construction
    • Knitted Fabrics for Agricultural Applications
    • Knitted Fabrics for Medical Applications
    • Knitted Fabrics for Other Applications

How Lucrative are Knitted Fabrics Sales Opportunities in the U.S?

According to Fact.MR, knitted fabrics demand in the U.S is expected to grow at around 4% CAGR. Because of the rising need for cotton fabric in T-shirts and outdoor wear, the U.S is an important market for knitted fabrics.

Apart from other textile completed applications, it is also one of the primary markets for textile raw materials, fabrics, garments, yarns, and home furnishings.

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/2865

Why are Warp-Knitted Fabrics Emerging as Potential Cash Cows?

Warp-knitted fabrics are expected to remain the top selling fabric type category until 2031, capturing over 50% of overall demand. Extensive applications across a broad range of industries is spurring demand.

Warp knitted fabrics are deployed across the automotive, building & construction, clothing, interior wear & accessories, home décor, automobile and manufacturing. Uptake is majorly spurred by automotive and construction sectors.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: sales@factmr.com

Leave a Reply

Your email address will not be published. Required fields are marked *