Double Jersey Circular Knitting Machines Market Size, Share, Growth, and Industry Analysis, By Type (Double Jersey & Double Jersey Jacquard), By Application (Industrial Use, Medical Use & Household Use) and Regional Insights and Forecast to 2033

DOUBLE JERSEY CIRCULAR KNITTING MACHINES MARKET REPORT OVERVIEW

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The double jersey circular knitting market, worth USD 0.2 billion in 2024, is forecasted to increase to USD 0.21 billion in 2025 and surpass USD 0.34 billion by 2033, expanding at a CAGR of 6.1% throughout the period.

The Double Jersey Circular Knitting Machines market is in high demand because manufacturers and textile producers are looking for highly versatile single machines that range from simple and complex cashmere to natural woven fabrics. These machines are famous for their capability of creating fabrics for both sides that are of good quality, durable, and soft. They are used in apparel, sportswear, and home textiles since they exhibit versatility concerning the structures and arrangements of knitwear. Their efficiency has also improved with the development of technology, which has made them faster and use less energy. Thus, the market demand for the machines increases due to the growing demand for different and unique types of textiles.

COVID-19 IMPACT

"Market Growth Restrained During Pandemic Due to Pandemic Disruptions "

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

A major negative effect was observed due to the COVID-19 outbreak, which negatively affected the Double Jersey Circular Knitting Machines Market and reduced market spending drastically. Pandemic issues affecting the supply chain, factory shutdowns, and low manufacturing capabilities led to problems concerning machine delivery and delay. Further, lockdown measures also led to a decrease in consumer spending, and thus there was a low demand for textiles, which aggravated the market condition. Therefore, the necessity of producing such content influenced the industry by introducing severe difficulties into its functioning, such as the financial burden, which stopped development during the pandemic.

LATEST TRENDS

"Market growth is driven by smart automation and digitalization"

Trends that can be observed in the Double Jersey Circular Knitting Machines Market in recent times are worried about automation and digitalization. Another emerging practice is the use of smart technologies, including IoT and AI, that improve the performance of machines and facilitate their monitoring and maintenance. Such innovation makes it easier to control the knitting processes and, at the same time, enhances productivity as well as operational efficiency. The utilization of such sophisticated technologies is a trend caused by the general shift towards smart, integrated approaches to manufacturing.

DOUBLE JERSEY CIRCULAR KNITTING MACHINES MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Double Jersey & Double Jersey Jacquard.

• Double Jersey: Double-jersey circular knitting machines give double-faced fabrics high quality, smoothness, elasticity, and good redundancies. Due to the possibility of producing fabrics with a smooth reverse side and widely used in apparel and home textiles. This versatility and productivity also make them the preferred option from a manufacturer's perspective for dependable and good knitting operations.

• Double Jersey Jacquard: The product known as Double Jersey Jacquard Circular Knitting Machines is used in knitting fabrics with lots of patterns and designs. These machines make use of Jacquard technology, which helps in the creation of patterns and quality textures on fabrics that make them look even better. They are used when style and ornate work are necessary in formulating high-end fashion and where detailed and complex designs are needed.

By Application

Based on application the market can be categorized into Industrial Use, Medical Use & Household Use

• Industrial Use: In industrial applications concerning products for work wear and protective apparel, double-jersey circular knitting machines are used. They offer high production efficiency for bulky fabric weights and RV, and hence are suitable for challenging purposes. The nature of the machines lends itself to the development of singular fabrics to fit the demands of industry.

• Medical Use: In the field of medicine, Double Jersey Circular Knitting Machines manufacture fabrics that are used in surgical apparel, patients’ wear, and other related merchandise. They are able to produce soft, breathable, and antimicrobial fabrics that improve comfort and hygiene in a hospital environment. Since these machines are highly accurate in their operation, they provide high and uniform standards for healthcare textiles.

• Household Use: In household applications, this double-jersey circular knitting machine is used in the production of fabrics used in home textiles like garments, blankets, furniture, and curtains. The efficiency of developing good quality and appearance in fabrics enhances comfort and beauty in home settings. This efficiency is complemented by the specific utilization of graphic production specifically to support the manufacturing of different household textile products.

DRIVING FACTORS

"Market growth is driven by automation and smart technology"

Technology has continued to experience frequent updates, which is a major booster of the Double Jersey Circular Knitting Machines Market. The application of automation, smart controls, and IoT characteristics has enhanced the performance and accuracy of the machines so that it is now cost-effective to produce intricate and efficient fabrics.

"Market growth driven by demand for versatile, high-quality fabrics"

The rising need for good-quality, improved, and multi-functional fabrics for use in fashion apparel, sports clothing, and home textile products is another driver of the market. The reason double-jersey circular knitting machines are treasured is because they allow producers and consumers to get fabrics that are hard-wearing, soft, and also have different aesthetic qualities which leads to Global Double Jersey Circular Knitting Machines Market Growth.

RESTRAINING FACTOR

"Market growth is hindered by high acquisition costs"

The cost of acquiring advanced machinery is one of the factors that acts as a threat to the Double Jersey Circular Knitting Machines Market. The capital costs involved in getting new sophisticated knitting machines as well as the day-to-day expenses involved in maintaining and operating such equipment remain firmly beyond the financial reach of many manufacturers, thereby effectively locking out such firms and preventing them from competing and upgrading their machinery and technologies.

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DOUBLE JERSEY CIRCULAR KNITTING MACHINES MARKET REGIONAL INSIGHTS

"North America leads market growth due to innovation and investment"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America holds largest double-jersey circular knitting machine market share owing to its superior manufacturing facilities and constant innovation. This area enjoys the vigor of a textile business that focuses on competitive and diverse fabrics and technology. Further, research and development, along with the high demand for complex knitting solutions, have helped it maintain its dominance in the market with increased investment. North America’s market leaders in this industry depend on the latest technology and healthy distribution systems.

KEY INDUSTRY PLAYERS

"Market growth is driven by strategic innovation and partnerships"

Crucial market participants are proactively driving the growth of double-jersey circular knitting machines through envisaging and developmental strategies. Through sustaining research and development activities, these companies improve machines’ functionality and output, launch intelligent solutions, and diversify their products. Market expansion is also supported by their strategic partnership as well as international business cooperation, which contributes to the growth of the market and its definition of standards.

List of Top Double Jersey Circular Knitting Machine Market

• Baiyuan Machine (China)
• Mayer and Cie (Germany)
• Terrot (Germany)
• Unitex (Singapore)
• Fukuhara Industrial and Trading (Japan)

INDUSTRIAL DEVELOPMENT

April 2024: Terrot Textil maschinen GmbH introduced the I3P 196 machine at the ITM 2024 Industry Fair. The company incorporated the Smartex Core Smart Factory Solution. This system uses artificial intelligence technology to inspect fabrics in real time. The processes of identification of defects in production are conducted by AI algorithms to eliminate waste and ensure high-quality products. This is typical of the attempts to integrate smart technologies into knitting machines in a bid to improve the efficiency of the machines and the quality of the fabric produced.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Double Jersey Circular Knitting Machines Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.