Dublin, Dec. 05, 2023 (GLOBE NEWSWIRE) -- The "Textile Machinery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Textile Machinery Market to Reach 15 Million Units by 2030
The global market for Textile Machinery estimated at 7.2 Million Units in the year 2022, is projected to reach a revised size of 15 Million Units by 2030, growing at a CAGR of 9.7% over the analysis period 2022-2030. Spinning Machines, one of the segments analyzed in the report, is projected to record 7.7% CAGR and reach 11.3 Million Units by the end of the analysis period. Growth in the Draw Texturizing Machines segment is estimated at 18.6% CAGR for the next 8-year period.
The global textile machinery market is marked by intense competition among its key players. This market encompasses various types of machinery designed for different stages of the textile manufacturing process, including spinning, weaving, knitting, and finishing.
Spinning machinery is utilized for the initial spinning of fibers into yarn, while draw texturing machines are employed for texturing synthetic yarn. Weaving machinery is crucial for the weaving process, transforming yarn into fabric, and fabric knitting machinery is used to produce knitted fabrics. Additionally, textile finishing machinery includes equipment for dyeing, printing, and finishing textiles.
Looking at the outlook for the textile machinery market, it is closely linked to the performance of the global apparel market and regional dynamics. Notably, Asian countries, with China at the forefront, are major drivers of future market growth. China plays a pivotal role in the textile machinery market, contributing significantly to global shipments and influencing market trends.
Regionally, the global apparel market is divided into key regions, including Asia-Pacific, Europe, Latin America, the Middle East & Africa, and North America. Among these, Asia-Pacific stands out as the leading consumer of textiles, primarily due to its substantial volume consumption. Moreover, China, a dominant player in the textile machinery market, significantly impacts global shipments and market trends.
The broader textile industry serves various end-use applications, encompassing apparel, home textiles, nonwovens, and technical textiles. It comprises a wide range of textile materials and product segments, with nonwovens forming a significant part of the industry, serving diverse applications.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET TRENDS & DRIVERS
- Industry 4.0 Set to Reboot & Intensify Digitalization to Benefit Textile Machinery Industry
- Industry 4.0 Brings together Connectivity, Flexible Automation & Intelligence
- Artificial Intelligence to Bring Improved Quality Control in Textiles & Apparel Sector
- Advancements in the Weaving Machinery Market
- Sustainability Gains Prominence
- 3D Weaving Machines Becoming the Mainstay
- Fashion Conscious Women Bodes Well for Textile Machinery Market
- Increasing Demand for Technical Textiles Lends Traction to Market Growth
- World Textile Production by Textile Type (2019): Percentage Breakdown of Production Volume for Technical Textiles and Traditional Textiles
- World Technical Textiles Production by Country/Region (2019): Percentage Breakdown of Volume Production for Americas, China, EU, India, and Rest of World Country/Region % Share
- World Technical Textiles Production by Textile Type (2019): Percentage Breakdown of Production Volume for Composites, Nonwovens and Woven
- World Technical Textiles Market Annual Sales Breakdown (%) by Application for 2019 and 2025
- Circular Knitting Machines: An Overview
- Macro Factors Driving the World Textiles Sector Generate Parallel Opportunities for Textiles Machinery
- Expanding Clothing & Textile Needs of Ballooning World Population
- World Population Estimates (2000-2050)
- Rapid Pace of Urbanization
- World Percentage of Population Residing in Urban Areas by Region: 2000, 2010, 2020, 2030, 2040, and 2050
- Rising Affluence of Middle Class Consumer Segment
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
- Global Middle Class Spending (in US$ Trillion) by Geographic Region
- Technology Advancements Open New Growth Avenues
- Select Recent Product Developments/Innovations
- Global Exports of Spinning Machines (2019): Breakdown of Export Value in US$ '000s by Destination Country
- Global Exports of Weaving Machines (Looms) (2019): Breakdown of Export Value in US$ '000s by Destination Country
- Global Exports of Textile Machinery (Extruding, Drawing, Texturing, Cutting Man-Made Textile Materials) (2019): Breakdown of Export Value in US$ '000s by Destination Country
- Global Exports of Knitting Machinery (Flat; Stitch-bonding) (2019): Breakdown of Export Value in US$ '000s by Destination Country
FOCUS ON SELECT PLAYERS(Total 193 Featured)
- Andritz AG
- Capital Automation Co. Ltd.
- Murata Machinery Ltd.
- Glenro, Inc.
- Lafert SpA
- Albany International Corp.
- CPM Wolverine Proctor LLC
- Erhardt + Leimer GmbH
- C. A. Litzler Co., Inc.
- Luwa Air Engineering AG
- Groz-Beckert KG
- Organ Needle, Co., Ltd.
- Leesona Corporation
- Amer Group
- Ningbo Yonggang Instrument Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/bzohsk
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