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A flat knitting machine is a two-bed machine used to create flat knitted fabric. The advantage of a flat knitted machine is that it has vertical and horizontal stationary threads which can be combined into the fabric. It has two stationary beds which are arranged in an inverted V formation. The machine has tracks in which the needles can be moved.  Jumpers, pullovers, cardigans, dresses, suits, trouser suits, hats, and scarves are some common products produced using flat knitting machines. These machines are available in a variety of options in terms of price, size, and other facilities. Growing apparel market, automation of the textile industry, rising demand for fabric cloths, and increasing disposable income are the major factors expected to influence the global market. Staggering growth of automated flat knitting machines is expected due to rising labor cost and market shift toward automation. Large & growing domestic and global demand combined with increasing purchasing power of people is also anticipated to drive the global flat knitting machine market. However, intense competition and competitive pricing strategies are expected to hinder the market during the forecast period.

The global flat knitting machine market can be segmented based on type, material, application, end-use, distribution channel, and geography. Based on type, the flat knitting machine market can be categorized into manual flat knitting machine, semi auto flat knitting machine, and fully automated flat knitting machine. Fully automated machines are expected to show significant growth due to rising labor cost in the near future. On the basis of application, the flat knitting machine market is classified into upper material, sweater, home textile, and others. Home textile is anticipated to grow at a rapid rate in the coming years.  

Based on distribution channel, the flat knitting machine market is segmented into online and offline. The offline segment is further sub segmented into retailers and wholesalers. The online flat knitting machine market is expected to dominate the distribution segment during the forecast period as online platforms offer discounts on a wide product range, and offer a return policy. All these factors are expected to make the online distribution channel more attractive during the forecast period.

In terms of geography, the global flat knitting machine market is classified into Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Europe (Germany, France, U.K, and Rest of Europe), North America (U.S, Canada, and Rest of North America), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The U.S. and Europe have become the largest consumption bases in the world while manufacturing is concentrated in Asian countries. Asian countries with cheap and abundant manpower, enormous natural resources, and favorable economic policies are expected to boost both the supply and demand for flat knitting machines.

Large & growing domestic and global demand coupled with increasing spending power of people is also anticipated to drive the global flat knitting machine market. China and India are expected to become the largest markets and manufacturing base for flat knitting machines. Middle East & Africa is estimated to witness lower growth in this industry in the coming years.

Major players active in the flat knitting machine market are Shima Seiki, JY LEH INDUSTRIAL CO. LTD, JAMES Textile Machinery Co. Ltd., H. Stoll, Flying Tiger, and Steiger. The global market is dominated by H. Stoll, GmbH & Co Kg of Reutlingen, Germany and Shima Seiki Mfg. Ltd of Wakayama, Japan. Flat knitting machine manufacturers are spending on R&D activities so as to incorporate new technologies and new products with more features and to increase their customer base and revenue shares, thus gaining a competitive edge in the market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Flat Knitting Machine Market

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