India Circular Knitting Machine Market (2025-2031) Outlook | Revenue, Trends, Companies, Forecast, Growth, Analysis, Size, Industry, Value & Share

Market Forecast By Product Type (Single Circular Knitting Machines, Double Circular Knitting Machines), By End-use (Apparel Textiles, Home Textiles, Technical Textiles, Medical Textiles, Others) And Competitive Landscape
Product Code: ETC286824 Publication Date: Aug 2022 Product Type: Market Research Report
Publisher: 6Wresearch Author: Ravi Bhandari No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Circular Knitting Machine Market Import Shipment Trend (2020-2024)

The India circular knitting machine market import shipment experienced a declining trend with a CAGR of -4.7% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by 37.7%, indicating a significant slowdown in market expansion. The market exhibited a consistent downward momentum over the period, suggesting a contraction in overall imports.

Graph Showing India circular knitting machine market Shipment Trend & Volume from 2020-2024

India Circular Knitting Machine Market Synopsis

The India circular knitting machine market is a significant component of the country`s textile and garment manufacturing industry. Circular knitting machines are used to produce knitted fabrics in various applications, including apparel, home textiles, and technical textiles. The market`s outlook is promising, driven by factors such as the growing demand for knitted fabrics, the rise of the textile and apparel sector, and the need for efficient and high-speed production. The adoption of circular knitting machines contributes to enhanced productivity and the ability to produce a wide range of knitted fabric designs. Key players in the market offer a variety of circular knitting machines, including single jersey machines, double jersey machines, and electronic knitting machines, meeting diverse manufacturing needs in India. The focus on technology upgrades, automation, and customer support enhances the appeal of circular knitting machines in the India market. However, challenges related to market competition and fluctuating raw material prices require vigilant marketing and cost management efforts. Overall, the India circular knitting machine market is expected to experience steady growth as the textile industry continues to evolve and cater to changing consumer demands.

Drivers of the market

The India circular knitting machine market is expected to witness growth due to several key drivers. Firstly, the booming textile and apparel industry in India is driving the demand for circular knitting machines for efficient and cost-effective fabric production. Circular knitting machines offer high productivity and versatility, making them suitable for various fabric types and garment styles. Secondly, the increasing demand for knitted fabrics in the fashion and home textiles sectors is contributing to the adoption of circular knitting machines. Additionally, technological advancements in circular knitting machines, such as computerized controls and automatic features, are creating opportunities for manufacturers in the India market.

Challenges of the Market

The India circular knitting machine market encounters certain challenges impacting its growth in the textile and apparel industries. Firstly, the competition from low-cost imports of circular knitting machines from other countries poses a challenge for domestic manufacturers. Providing technologically advanced and efficient machines at competitive prices is crucial for market sustenance. Secondly, the skill gap and lack of trained technicians for operating circular knitting machines affect efficient utilization and productivity. Offering training and support services to customers can help in addressing this challenge. Moreover, the demand fluctuations in the textile industry can impact the demand for circular knitting machines. Manufacturers must focus on product diversification, automation, and customer service to tackle these challenges and maintain a strong foothold in the circular knitting machine market in India.

Covid-19 Impact on the Market

The India circular knitting machine market is projected to witness steady growth in the forecast period. Circular knitting machines are widely used in the textile and apparel industry for knitting fabrics in a continuous loop. The market is driven by factors such as the growth of the textile industry, increasing demand for knitted fabrics in fashion and sportswear, and advancements in knitting machine technology. Additionally, the government`s initiatives to boost domestic textile manufacturing are contributing to the demand for circular knitting machines in India. However, the COVID-19 pandemic had a mixed impact on the market. While there was a temporary decline in demand due to project delays and disruptions in industrial activities during the lockdowns, the market witnessed increased usage of knitted fabrics in essential products like face masks and medical textiles. As economic activities normalize and consumer demand for knitted apparels recovers, the demand for circular knitting machines is expected to bounce back, supporting the market`s growth in the post-pandemic era.

Key Players of the Market

The India circular knitting machine market is driven by the growth of the textile and apparel industry in the country. Key players in this market include Mayer & Cie. (India) Pvt. Ltd., Pailung Machinery Mill Co., Ltd., Groz-Beckert Asia Pvt. Ltd., and Laxmi Engineering Works. These companies offer a wide range of circular knitting machines catering to various knitting applications. With a focus on technology advancement, productivity enhancement, and user-friendly features, these key players are well-positioned to meet the demand for circular knitting machines in India.

Key Highlights of the Report:

  • India Circular Knitting Machine Market Outlook
  • Market Size of India Circular Knitting Machine Market, 2024
  • Forecast of India Circular Knitting Machine Market, 2031
  • Historical Data and Forecast of India Circular Knitting Machine Revenues & Volume for the Period 2021-2031
  • India Circular Knitting Machine Market Trend Evolution
  • India Circular Knitting Machine Market Drivers and Challenges
  • India Circular Knitting Machine Price Trends
  • India Circular Knitting Machine Porter's Five Forces
  • India Circular Knitting Machine Industry Life Cycle
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Product Type for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Single Circular Knitting Machines for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Double Circular Knitting Machines for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By End-use for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Apparel Textiles for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Home Textiles for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Technical Textiles for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Medical Textiles for the Period 2021-2031
  • Historical Data and Forecast of India Circular Knitting Machine Market Revenues & Volume By Others for the Period 2021-2031
  • India Circular Knitting Machine Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By End-use
  • India Circular Knitting Machine Top Companies Market Share
  • India Circular Knitting Machine Competitive Benchmarking By Technical and Operational Parameters
  • India Circular Knitting Machine Company Profiles
  • India Circular Knitting Machine Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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