Knitted fabric market to hit $40b

New York - Sales of knitted fabrics will hit US$40 billion by 2031, driven by an increase of use in the construction, vehicle, medical, and manufacturing sectors.
A new report from ESOMAR-certified market research company Fact.MR, says that knitted fabric sales will rise at nearly 5% CAGR between 2021 and 2031, reaching almost $40 billion in revenue, with warp knitted fabrics set to capture more than 50 per cent market share.