Source : Webster's Revised Unabridged Dictionary (1913)

Knitting \Knit"ting\, n.
   1. The work of a knitter; the network formed by knitting.

   2. Union formed by knitting, as of bones.

   {Knitting machine}, one of a number of contrivances for
      mechanically knitting stockings, jerseys, and the like.

   {Knitting ?eedle}, a stiff rod, as of steel wire, with
      rounded ends for knitting yarn or threads into a fabric,
      as in stockings.

   {Knitting sheath}, a sheath to receive the end of a needle in
      knitting.

Source : WordNet®

knitting machine
     n : a textile machine that makes knitted fabrics