Global Rib Knitting Machine Market Research Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Rib Knitting Machine Market Overview:

The global rib knitting machine market is valued at US$ XX.X million in 2016, and is expected to reach USD XX.X million by end of 2022, growing at a CAGR of XX.X% over forecast period of 2018-2027.  The global rib knitting machine market report has been segmented on the basis of product, application, end users, and regions.

Knitting machine is a device used to create knitted fabrics in a semi or fully automated fashion. Rib knitting machine moves backward and forward across the needle beds, working the needles to selectively, knit, tuck or transfer stitches primarily to create rib structures on apparel. Rib knitting machines performs with great accuracy and productivity. Rib knitting machines are able to produce a number of designs including Milano rib, double pique, French pique, Swiss pique, pique poplin, and others.

Change in consumption pattern, increasing demand for high quality fabrics, rising fitness trend, favorable government initiatives, high investments in textiles, and increasing young population coupled with rising income level are major growing factors considered in the global rib knitting machine market. Another factor supporting growth is affordable prices at international standard and manufacturing various quality that meet the international standard and norms.

Moreover, the machines save power consumption, require low maintenance cost, has an inbuilt quality control system that includes stop motion, fault detectors and other features which will also prove to be market drivers for the global rib knitting machines market during the forecast period.

The key factor that restrains growth of the global rib knitting machine is its limitation in providing high speed, since stiff yarns are inextensible, the machine can cause breakage of the yarn.

The global rib knitting machine market is segmented on the basis of product, end users, and regions.

North America holds the largest number of share in the global rib knitting machine market, followed by Europe, owing to the increasing population. Also shifting trends in fashion apparel and changing clothing styles will fuel growth of the global rib knitting machines market.

Global Rib Knitting Machine Market Segmentation:

Global rib knitting machine market segmentation by product:

• Single sided
• Double sided

Global rib knitting machine market segmentation by end users:

• Athletic
• Apparel
• Industry
• Other

Global rib knitting machine market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa