Businesses across different industries are striving not only to reopen but also to grow. Business leaders are leveraging the rescue packages from the government to restructure themselves with digital conversions and agile organizational structures. They are taking swift actions to get ready for greater resilience and better productivity in a future where the usual business does not exist. The industry leaders are investing in future technologies to automate facilities and physical processes to comply with social distancing norms.
The industrial sector is transforming towards centralized and automated non-core tasks. The businesses are evaluating and re-aligning service capabilities and network models to adapt with the new normal. To overcome the impact of disrupted supply chain models, the businesses are creating transparent system with help of big data, connected ecosystem and intelligent system. Besides all the organizational level changes, the market players in industrial sector are increasing work safety precautions to fall in line with the social-distancing norms issued by the government.
Crochet Machines: Introduction
Crochet machines are knitting equipment used to make knitted clothes or fabrics in a fully or semi-automated fashion. Crochet machines primarily depend on the material that needs to be knitted, for instance, elastic material has a different crochet machines while lace material is knitted with a different type of crochet. Crochet machines are available in various types, such as Elastic and Inelastic Band Crochet Machine, Lace & Band Crochet Machines, Blind Ladder Tape Crochet Machines, Fancy Yarn Crochet Machines, and Compound Needle Crochet Machines. Crochet machines work on crochet hooks/needles that help in making loops in yarn or thread thereby locking them into crochet stitches.
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Crochet Machines: Market Drivers and Challenges
From the beginning of the civilization, knitting has been considered as one of the major discovery, and ever since the industrial revolution, it has evolved a lot from hand knitting to computerized automatic knitting with the help of knitting machines, such as crochet machines. In recent years, there has been a significant increase in the demand for knitted apparels such as winter wear, casual wear, shape wear, and others. The global textile machinery market is a trillion dollar industry, and the growth of the textile industry explicitly drives the demand for crochet machines in the global market. To meet the growing demand manufacturers are expanding as well as relocating their facilities to developing regions where manufacturing cost is low and work force is available in abundance.
Between the operation types, it is estimated that the automatic crochet machines are expected to grow at a higher rate as compared to its counterpart. However, over the forecast period, the semi-automatic crochet machines are likely to hold a major share in the global crochet machines market owing to its availability at an economical cost.
Further, crochet machines market is exceedingly driven by consumer behavior; i.e., whether they prefer knitted fibers or the traditional ones. This aspect of the crochet machines market could go both ways, create opportunities or hamper the volume sales of the crochet machines market. For instance, in the dry or hot climate regions, knitted clothes are not preferred. Conversely, in the low temperature regions knitted clothes are in high demand; thus driving the global crochet machines market.
Crochet Machines: Market Segmentation
On the basis of product type, the global Crochet Machines market can be segmented into the following:
- Elastic and Inelastic Band Crochet Machine
- Lace & Band Crochet Machines
- Blind Ladder Tape Crochet Machines
- Fancy Yarn Crochet Machines
- Compound Needle Crochet Machines
On the basis of operation type, the global Crochet Machines market can be segmented into the following:
- Automatic Crochet Machines
- Semi-Automatic Crochet Machines
Crochet Machines: Regional Market Outlook
In terms of the manufacturing base, in the last three decades, the textile industry has witnessed a considerable shift. Earlier, the United States and Europe were the centers of apparel manufacturing, but in recent years, this hub has shifted to the developing and developed countries of Asia Pacific, such as China and India. This shift of manufacturing facilities is a result of low cost raw material availability, high return over investment (ROI) that too in a short period of time, vast natural resources, and abundance of work force.
In addition, favorable economic policies has made these regions an attractive market; thus the Asia Pacific is stipulated to hold a lion’s share in the global crochet machines market during the project period as well. Other Asian countries, such as Bangladesh, Thailand, and Cambodia, are anticipated to witness an upsurge in the crochet machines market due to the same factors. North America and Europe are expected to be next in the run in the crochet machines market. The crochet machines market in the rest of the regions; Latin America, Japan, and the Middle East and Africa, is stipulated to grow at a healthy rate.
Crochet Machines: Key Market Players
Some of the market participants in the global Crochet Machines market identified across the value chain include:
- Susmatex Machinery
- JIANGSU JIANGNAN HIGH POLYMER FIBER CO.,LTD
- R.S. TECHNOLOGY
- DEEP INTERNATIONAL
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The Crochet Machines research report presents a comprehensive assessment of the Crochet Machines market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Crochet Machines research report provides analysis and information according to market segments, such as geographies, application, and industry.