What is Spinning Machinery Market?
The global Spinning Machinery market is expected to boost the demand for the Spinning Machinery market in the forecasted period due to the rise in the demand and sales of non-woven fabrics, electrospinning machines, and increasing the fashion industry around the globe. Spinning machinery is intended to produce yarn from textile fibers, comprising natural, synthetic, or blended fibers. Spinning machinery is used for roving cotton into workable yarns or threads. These yarns or threads are then used to make clothing and other products. These machines were manufactured during the Industrial Revolution in order to mass-produce cotton textile products.
Highlights from Spinning Machinery Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Rieter (Switzerland), Trützschler (Germany), Saurer (Switzerland), Murata Machinery (Japan), Toyota Industries Corporation (Japan), Lakshmi Machine Works Ltd. (India), Marzoli Machines Textile S.r.l. (Italy), Savio (Italy), Jingwei Textile Machinery (China), Qingdao Textile Machinery (China), NSC Schlumberger (France), Zhejiang Rifa Textile Machinery (China), Xingda Textile Machinery (China), Trumac Engineering (India) and Oerlikon Barmag (Switzerland) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Asia Pacific Manufacturers will contribute to the maximum growth of Global Spinning Machinery market throughout the forecasted period.
Rieter (Switzerland), Trützschler (Germany), Saurer (Switzerland), Murata Machinery (Japan), Toyota Industries Corporation (Japan), Lakshmi Machine Works Ltd. (India), Marzoli Machines Textile S.r.l. (Italy), Savio (Italy), Jingwei Textile Machinery (China), Qingdao Textile Machinery (China), NSC Schlumberger (France), Zhejiang Rifa Textile Machinery (China), Xingda Textile Machinery (China), Trumac Engineering (India) and Oerlikon Barmag (Switzerland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Spindelfabrik Suessen GmbH (Germany), Xorella AG (Switzerland), A.T.E. Enterprises Private Limited (India) and Others. Spinning Machinery Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Cotton Spinning, Wool Spinning, Synthetic Fiber Spinning, Blended Fiber Spinning and Others |
Type | Ring Spinning Machines, Rotor Spinning Machines, Air-Jet Spinning Machines, Open-End Spinning Machines and Compact Spinning Machines |
End User Industry | Textile,Apparel,Home Textiles,Automotive,Others |
Operating Mode | Manual,Semi-Automatic,Automatic |
On the basis of geography, the market of Spinning Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurging demand due to the shift toward automation in each spinning machinery line and High demand for Spain-based brands for spinning machinery
Market Growth Drivers:
The rising contribution of the fashion industry to the overall GDP and Increasing demand from technical textiles industry across the globe such as automotive textiles and geotextiles, which demand high-end performance from industrial yarns
Challenges:
Fluctuating cotton prices affect profitability in the spinning machinery industry
Restraints:
The concern regarding very few new players are involved in manufacturing yarn
Opportunities:
Growing demand due to the textile government is taking initiatives to setup up more textile parks in countries such as India and China
Key Target Audience
Spinning Machinery Manufacturer, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others