Flat knitting machine manufacturers are spending on R&D in order to incorporate new technologies and products with more features and increase their customer base and revenue shares, thus gaining a competitive edge in the market.
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.
Staggering growth of automated flat knitting machines is expected due to rising labor cost and market shift toward automation. Large and growing domestic and global demand combined with increasing purchasing power of people is also anticipated to drive the global flat knitting machine market. The 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.