Crochet Machine Market: Introduction
Crochet machines are knitting equipment used to manufacture knitted garments or fabrics in a fully or semi-automated manner. The crochet machines mainly depend on the material that needs to be knitted, for example, elastic material has different crochet machines while lace material is knitted with different type of crochet.
Crochet machines are available in different types, such as elastic and inelastic band crochet machines, lace and band crochet machines, blind band crochet machines, fancy yarn crochet machines and crochet machines. with compound needle crochet. Crochet machines work on hooks/needles which help to make loops in yarn or yarn, thereby locking them into crochet stitches.
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Crochet Machine Market: Driver and Challenges
From the beginning of civilization, knitting has been considered one of the major discoveries, and since the industrial revolution, it has evolved greatly from hand knitting to computerized automatic knitting using knitting machines, such as crochet machines.
In recent years, there has been a significant increase in the demand for knitted garments such as winter wear, casual wear, shapewear and others. The global textile machinery market is a trillion-dollar industry, and the growth of the textile industry is explicitly driving the demand for crochet machines in the global market. To meet the growing demand, manufacturers are expanding and relocating their facilities to developing regions where manufacturing costs are low and labor is abundant.
Between the types of operations, it is estimated that automatic crochet machines are expected to grow at a higher rate as compared to their counterpart. However, during the forecast period, semi-automatic crochet machines are expected to hold a major share of the global crochet machine market owing to their availability at an economical cost.
Additionally, the crochet machine market is extremely influenced by consumer behavior; that is, whether they prefer knitted fibers or traditional fibers. This aspect of the Crochet Machines Market could go either way, creating opportunities or hindering the Crochet Machines market sales volume. For example, in regions with a dry or hot climate, knitted garments are not preferred. Conversely, in regions with low temperatures, knitted garments are in high demand; thus leading the global crochet machine market.
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Crochet Machine Market: Segmentation
product type basis
Elastic and Inelastic Band Crochet Machine
Lace and Band Crochet Machines
Blind Ladder Tape Crochet Machines
Fancy yarn crochet machines
Compound needle crochet machines
operation type basis
Automatic crochet machines
Semi-automatic crochet machines
Crochet Machine Market: Regional Outlook
In terms of manufacturing base, over the past three decades, the textile industry has undergone tremendous change. Previously, the United States and Europe were the centers of garment manufacturing, but in recent years, this hub has shifted to developing and developed countries in Asia-Pacific, such as China and India. .
This shift in manufacturing facilities is a result of availability of low cost raw materials, high return on investment (ROI) also in short time, vast natural resources and abundant labor . In addition, favorable economic policies have made these regions an attractive market; thus, Asia-Pacific is also expected to hold a lion’s share in the global crochet machine market during the life of the project.
Other Asian countries, such as Bangladesh, Thailand, and Cambodia, are expected to experience an upsurge in the crochet machine market due to the same factors. North America and Europe are expected to be next in the crochet machine market. The crochet machine market in the rest of the regions; Latin America, Japan, the Middle East and Africa are expected to grow at a healthy pace.
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Crochet Machine Market: Key Players
Some of the market players in the global crochet machine market identified across the value chain include:
JIANGSU JIANGNAN HIGH POLYMER FIBER CO., LTD
The Crochet Machines research report presents a comprehensive assessment of the Crochet Machines market and contains thoughtful information, facts, historical data and market data backed by statistics and validated by the industry. It also contains projections using an appropriate set of assumptions and methodologies. The Crochet Machinery research report provides analysis and information according to market segments, such as geographies, applications, and industry.
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