Flat knitting machine market to reach $2.94b by 2030

New York - The flat knitting machine market is projected to rise from $2.14 billion in 2025 to $2.94 billion by 2030, driven by continued investment in automation, digital knitting and technical-textile applications across major manufacturing regions.

The report from The Business Research Company says the market will reach $2.28 billion in 2026, representing 6.4% annual growth, before easing to a 6.6% CAGR through 2030. It links recent growth to higher volumes of textile and apparel production, stronger demand for knitted garments and the spread of industrial knitting hubs.