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02.market analysis on global knitting Industry
- 2. INDIAN KNITTING INDUSTRY • A century old. • Started in: Calcutta (cultural capital of India, and the commercial capital of East India). • From scrap to Peak • From small cottages multi-fold during the years. • Currently makes a significant contribution to the country’s economy, and employment.
- 3. INDIAN KNITTING CENTERS • Important knitting centers: • Ludhiana in Punjab, • Tirupur inTamil Nadu, • Delhi, • Bangalore, • Mumbai
- 4. EXPORT MARKET • steadily emerging as one of the fastest growing export segments. • Textile accounts for 30% of the total exports of the country, and knitwear comprises 45% of it. • During the last yr 11,500cr and this yr there’s an increase of 10%. • Major Exporters: •US, Canada, Europe, Australia, Japan, and Middle East.
- 5. COMPETITIONS • Major Competitors: Western Europe Countries. • Hong Kong, • Bangkok • Taiwan. • Despite all the competition, India has carved a niche for its knitted apparels in the global market. • Highlights of India: • Quality • Competitive Pricing • Innovative Styles.
- 6. PAST 10YRS
- 7. REASONS FOR SUCCESS • The role of knitwear within textile sector shows an pace, as being preferred comparatively over woven garments due to their virtues of comfort, stretchability, easy and the pattern of being built within the knitted fabric
- 8. WOVEN VS KNITTED PROPERTY WOVEN KNITTED TEAR STRENGTH LOW HIGH Crease resistance Low High Bending length High Low Thickness Low High Bending modulus Low High Tensile strength High Low Permeability Low High
- 9. THE FUTURE.. • Choosing knitting industry on the basis of market strategies can be a better option as of now. • When analyzed with past and future, though minimal, there's only growth. • Apart from just market strategies there are also a few point related to benefits of owning a knitting industry rather than a woven.
- 10. REASON FOR GROWTH OF KNITTING INDUSTRY • Productivity of looms at particular time • Machine productivity higher. TYPES OF LOOM PRODUCTIVI TY AUTO LOOM 1 Shuttle less loom 2 Weft knitting 4 Warp knitting 16 Needle bonded fabrics 100 Spun bonded fabrics 2000
- 11. CONTND.. • Labour less organised. • Floor space: Compared to auto loom for the same production • Warp knitting 1/10th • Weft knitting 1/8th • Power consumption: Compared to auto loom: •1/4th to 1/5th
- 12. CONTND.. Yarn and yarn preparation : • LowTPI yarns will be needed for knitting. So that spinning production will be higher. • NoWarping/Sizing/Drawing
- 13. TIME REQUIRED -LESS • Modern knitting machines particularly warp knitting machines can produce various type of technical textiles ( medical textiles, automobile textiles, geotextiles, etc.) • Computer aided designing and manufacturing in knitting have made it possible to manufacture any desired structure within a short time at reasonable price.
- 14. PROFILE OF A NORMAL KNITTING ENTHUSIAST • Spending= $801 (average) • Time spent= 10hrs/week • Knitting Projects completed= 24 in an average • Expertise in knitting= 40% expert; 57% intermediate
- 15. TOP 5 KNITTING CENTERS IN INDIA • Aradhana Fabrics- Ludhiana • 7X International- Ludhiana • Shri Ram Industries-Ludhiana • Gaikam Exports- Mumbai • Yash Polytex-Mumbai
- 16. IN FINAL REVIEW… A Market Analysis report of knitting Industry.