Glove Knitting Machines Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 1.8 Billion by 2033, growing at a CAGR of 5.2% from 2026 to 2033.
The South Korea Glove Knitting Machines Market is experiencing significant growth, driven by various industries' increasing demand for high-quality knitted gloves. These machines, essential in the manufacturing process of gloves, are pivotal in producing a wide range of gloves for different sectors, such as healthcare, automotive, and sports. As industries evolve, the demand for these machines is growing at an accelerated rate, and it is crucial to understand the types and requirements shaping this market.
South Korea's glove knitting machines market is highly advanced due to the country's strong manufacturing base and technological innovations. The industry offers two primary types of glove knitting machines: flat knitting machines and circular knitting machines. Each type serves specific industry needs, such as producing medical gloves, industrial gloves, and gloves for winter sports, with varying materials like cotton, polyester, and even specialized yarns used in the process.
Flat knitting machines are commonly used for manufacturing gloves with intricate designs and patterns. These machines offer flexibility in producing gloves with specific features, such as anti-slip properties and reinforced sections. On the other hand, circular knitting machines are ideal for mass production, ensuring faster output, which is essential for industries like automotive and construction that require large quantities of gloves. With technological advancements, both types of machines are becoming more energy-efficient and automated, leading to reduced labor costs and higher output.
Industries such as healthcare, automotive, and industrial safety are driving the demand for these machines. Healthcare institutions require gloves for surgical and protective purposes, while the automotive and industrial sectors need durable, high-performance gloves for workers' protection. Additionally, the increasing emphasis on personal protective equipment (PPE) in workplaces due to safety regulations is another key driver for this market.
As demand continues to rise, the South Korea Glove Knitting Machines Market is witnessing innovations that cater to specific industrial needs. Manufacturers are focusing on creating machines that offer higher precision, adaptability to various materials, and improved speed. This evolution in technology is set to revolutionize glove production, making it more efficient and cost-effective for industries across the board.
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SHIMA SEIKI
Shaoxing Jinhao Mechiney
Dongsung
Mayer Cie
Genkinger
Harry Lucas
Rimata
Matsuya
Santoni
Shantou Lianxing Industrial
Zhejiang Baixiang Technology
Zhejiang Haizen Textile Machinery
Shaoxing Hanxiang Precision Machinery Manufacturing
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Glove Knitting Machines Market
Flat Knitting Machines
Circular Knitting Machines
Seamless Glove Knitting Machines
Computerized Knitting Machines
Textile Industry
Automotive Industry
Healthcare Industry
Sports and Recreation Industry
Industrial Safety Gloves Manufacturing
Small-scale Knitting Machines
Medium-scale Knitting Machines
Large-scale Knitting Machines
Manual Knitting Machines
Semi-automatic Knitting Machines
Fully Automatic Knitting Machines
Cotton Fiber
Polyester Fiber
Wool Fiber
Hybrid Materials
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Glove Knitting Machines Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Glove Knitting Machines Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Glove Knitting Machines Market, By Type
6. South Korea Glove Knitting Machines Market, By Application
7. South Korea Glove Knitting Machines Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Glove Knitting Machines Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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