Global Textile Machinery Market Overview:
Textile machines are the machine which is been used for fabrication and processing of textiles, fabrics, and other woven materials and non-woven materials. They are basically used in processes such as spinning, warping, weaving, and dyeing. Textile equipment is specially used to manufacture, finish, and dye materials such as fiber, thread, and yarn. They are also been used for the extrusion of the synthetic fiber, non-wovens, and various plastics. Growing government budgets in several countries, rising of textile fields expenditures, intense competition, launches of new products, renovation and retrofitting of old technology, growing adoption of textile machinery in various developing countries will drive the growth in global textile machinery markets.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Automation in textile machinery, Launches in introducing new products and Retrofitting and renovation of old technology
Market Growth Drivers:
Rising demand for non-woven fabrics, Growth in government budgets in the principal countries and Increasing of textile fields expenditures
Challenges:
Fluctuation in cotton prices affecting the spinning industry and High cost associated with the textile machinery
Opportunities:
More-intense competition and Increasing adoption of textile machinery in developing countries
Competitive Landscape:
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Some of the key players profiled in the report are Itema (Italy), LMW (India), Murata Machinery (Japan), Rieter (Switzerland), Saurer (India), Trützschler (Germany), Toyota Industries (United States), SHIMA SEIKI (Japan), Jingwei Textile Machinery (China) and Savio Macchine (Italy). Additionally, following companies can also be profiled that are part of our coverage like Itema (Italy), Stoll (Germany) and Lindauer DORNIER GmbH (Germany). Analyst at AMA Research see Global Manufacturers to retain maximum share of Global Textile Machinery market by 2028. Considering Market by Marketing channel, the sub-segment i.e. Direct Marketing will boost the Textile Machinery market. Considering Market by End User, the sub-segment i.e. Cotton Textile Industry will boost the Textile Machinery market.
Analyst View
Demand from textiles from industries lik construction, automotive and others are boosting sales in the textile machinery industry at the global level. Due to the technical textile, there have been increased conductivity, flexibility, lightweight, resistance, strength. Manufacturing of such textile basically needs precision, compelling machines to the design machines which are effective in terms of the precision operation and also includes low wastage of the textile.
What Can be Explored with the Textile Machinery Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Textile Machinery Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Textile Machinery
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Textile Machinery market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Textile Machinery market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Textile Machinery, Distributors of Textile Machinery, Suppliers of Textile Machinery, Importers and Exporters Textile Machinery, End users, Government Organization, Research Firm and Textile Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.