| Product Code: ETC5173082 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Ireland continued to see a significant influx of circular knitting machines, with top exporters being Italy, UK, China, USA, and Canada. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market with dominant players. The impressive compound annual growth rate (CAGR) of 24.77% from 2020 to 2024 demonstrates a thriving industry. Furthermore, the remarkable growth rate of 376.2% from 2023 to 2024 suggests a surge in demand for circular knitting machines in Ireland, highlighting a promising market for manufacturers and suppliers.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ireland Circular Knitting Machine Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Circular Knitting Machine Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Circular Knitting Machine Market - Industry Life Cycle |
3.4 Ireland Circular Knitting Machine Market - Porter's Five Forces |
3.5 Ireland Circular Knitting Machine Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Ireland Circular Knitting Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Ireland Circular Knitting Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for customized and high-quality knitwear in the fashion industry |
4.2.2 Growing awareness about sustainable and eco-friendly manufacturing practices |
4.2.3 Technological advancements leading to improved efficiency and productivity in circular knitting machines |
4.3 Market Restraints |
4.3.1 High initial investment cost for circular knitting machines |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Intense competition from alternative knitting technologies |
5 Ireland Circular Knitting Machine Market Trends |
6 Ireland Circular Knitting Machine Market Segmentations |
6.1 Ireland Circular Knitting Machine Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Ireland Circular Knitting Machine Market Revenues & Volume, By Single Circular Knitting Machines, 2021-2031F |
6.1.3 Ireland Circular Knitting Machine Market Revenues & Volume, By Double Circular Knitting Machines, 2021-2031F |
6.2 Ireland Circular Knitting Machine Market, By End-use |
6.2.1 Overview and Analysis |
6.2.2 Ireland Circular Knitting Machine Market Revenues & Volume, By Apparel Textiles, 2021-2031F |
6.2.3 Ireland Circular Knitting Machine Market Revenues & Volume, By Home Textiles, 2021-2031F |
6.2.4 Ireland Circular Knitting Machine Market Revenues & Volume, By Technical Textiles, 2021-2031F |
6.2.5 Ireland Circular Knitting Machine Market Revenues & Volume, By Medical Textiles, 2021-2031F |
6.2.6 Ireland Circular Knitting Machine Market Revenues & Volume, By Others, 2021-2031F |
7 Ireland Circular Knitting Machine Market Import-Export Trade Statistics |
7.1 Ireland Circular Knitting Machine Market Export to Major Countries |
7.2 Ireland Circular Knitting Machine Market Imports from Major Countries |
8 Ireland Circular Knitting Machine Market Key Performance Indicators |
8.1 Percentage of circular knitting machine utilization |
8.2 Energy efficiency of circular knitting machines |
8.3 Rate of adoption of automation and digitalization in circular knitting processes |
9 Ireland Circular Knitting Machine Market - Opportunity Assessment |
9.1 Ireland Circular Knitting Machine Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Ireland Circular Knitting Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 Ireland Circular Knitting Machine Market - Competitive Landscape |
10.1 Ireland Circular Knitting Machine Market Revenue Share, By Companies, 2024 |
10.2 Ireland Circular Knitting Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here