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Knitted fabrics market outlook

Industry News, News | August 11, 2021 | By:

According to an ESOMAR-certified market research and consulting firm’s market intelligence report, knitted fabric sales will rise at a CARG of nearly 5 percent from 2021 to 2031, reaching nearly $40 billion in revenue.

The rising importance of knitted fabrics in the construction, vehicle, medical and manufacturing sectors are major growth stimulants. Advanced knitted fabrics with high compression strength, anti-tear and flame-resistant properties have been developed as a result of technological advancements and manufacturers’ productivity has risen as a result of the rapid use of 3D knitting machines.

The growing usage of high-tech medical textiles in healthcare applications is projected to open a slew of new prospects for knitted fabric manufacturers.

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