According to newly revealed statistics from the knitted fabric industry analysis, global demand will reach almost US$ 24 billion in 2020. Knitted fabric sales will likely grow at a CAGR of over 5% from 2021 to 2031, according to Fact.analysis, MR’s with new market entrants and developing enterprises accounting for nearly half of the overall market.
By 2031, the global knitted fabrics market is expected to reach almost US$ 40 billion. Weft-knitted fabrics will continue to dominate the market due to their low cost, better elasticity, and easier manufacturing procedure.
Key Segments Covered
Weft Knitted Fabrics
Warp Knitted Fabrics
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
Manufacturers in the Knitted Fabrics market will focus on strategic acquisitions, collaborations, and product launches in the coming decade.
Zaha Hadid Architects and researchers from ETH Zurich built a double-curved concrete shelled pavilion using KnitCrete, a 3D-knitted formwork. This framework is reported to have helped the building industry save material, waste, and labour by streamlining the construction process for complex shapes.
Maral makers, meanwhile, introduced high-quality knit fabrics with distinct qualities and high-quality materials in the shortest time possible. Their in-house range of spinning talents in Dyed Yarn, Knitting, Brushing, Sueding, and Printing gives us a competitive advantage in supplying a diverse selection of knit materials for both innerwear and outerwear.
What Drives Demand for Knitted Fabrics in the Automotive Industry?
Knitted fabrics are being used extensively in the automotive industry. Knitted materials are utilised to make automobile seats, airbags, protective linings, and roofs because of their cushioning properties.
According to Fact.MR’s Market research, sales of knitted fabrics in the automotive sector are predicted to expand at a nearly 5% compound annual growth rate (CAGR) from 2021 to 2031.