Knitted Fabric Market Growth Rate and Strategic Outlook till 2027

 Knitted Fabric Market Size – USD 23.16 Billion in 2019, Growth - CAGR of 4.8%, Trends – Growing prevalence of innovative 3D technology.

The growing incidence of the apparel industry and the use of knitted fabric in end-use applications are key factors driving global growth in the industry.

Knitted Fabric Market Size – USD 23.16 Billion in 2019, Growth - CAGR of 4.8%, Trends – Growing prevalence of innovative 3D technology.

The Knitted Fabric Market is projected to reach USD 33.63 Billion by 2027. Critical factors such as increasing use of knitted fabric as a technical textile in the automotive, retail, manufacturing, medical, and construction industries are expected to drive market growth in the near future. The development of seamless and float plating technology has increased manufacturing efficiency and broadened the product's scope around the world.

The technical application segment dominated the global market and accounted for the majority of total revenue. Technological advances such as 3D knitting or spacer fabric, have broadened the product's scope in different industries, including apparel, construction, automotive, and household. The increasing importance of medical textiles in implantable medical devices has broadened the product's scope in the pharmaceutical industry. Dimensional strength, controlled elongation, controlled porosity, and compressibility are the product's favorable characteristics, making it well suited for medical use.

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Top Companies: Gehring Tricot Corporation, Guilford Mills, Macra Lace Company, Rebtex Inc, Clover Knits, Damodar Menon International Pvt Ltd, SAS Textiles, William J Dixon Inc, Jason Mills LLC, Krishna Overseas, and Loyal Textile Mills Ltd, among others.

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