Research Report on “Global
Textile
Machinery Market 2016-2020”
Market research analyst
predicts the global textile machinery market to grow at an impressive
CAGR of nearly 11% by 2020. The rising demand for non-woven fabrics
is the primary growth driver for this market. Non-woven fabrics are a
web structure of the individual fibers that are neither woven nor
knitted. High-speed and low-cost processes are employed to
manufacture these fabrics. The manufacturing process includes web
formation, web bonding, and finishing, thereby requiring textile
machinery in each step.
The high demand for textiles
from automotive and construction sectors is expected to aid the
market growth during the forecast period. These technical textiles
come with features such as increased conductivity, filtration,
flexibility, lightweight, reinforcement, resistance, and strength.
The production of these textiles requires precision, compelling OEMs
to design machines that are efficient in terms of precision operation
and ensure low wastage of textile.
Product-based segmentation
of the textile machinery market
- Spinning
- Texturing
- Weaving
- Knitting
- Finishing
Technavio market research
analysts have estimated the spinning machinery segment to be the
largest market segment during the forecast period. Much of this
segments growth can be attributed to the expansion of spinning
machinery capacities in countries like India and China. Since these
companies experience a high demand for cotton exports, the expansion
of spinning machinery capacities will help these countries to
maintain and meet a sustainable demand for spinning machinery during
the forecast period.
Geographical segmentation
of the textile machinery market
- Asia
- Europe
- ROW
In this market study, analysts
have estimated the Asian region to account for a market share of more
than 90% of the total market share by 2020. The prospects for growth
in this market are impelled by the domestic demand and exports to
countries like the US and Europe. Also, the rise in manufacturing
activities and infrastructure development will lead to the
substantial growth of this market segment during the predicted
period.
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Competitive landscape and
key vendors
The global textile machinery
is a competitive market and is primarily dominated by international
players. In this market, the manufacturers are focusing on R&D
activities to bring out innovative and efficient machinery, which
would help reduce the overall operational cost. Furthermore,
established players such as Trutzschler are setting up manufacturing
centers in Asian countries due to the rising demand for textiles and
the availability of low-cost labor in this region.
Leading vendors in the
market are -
- Itema
- LMW
- Murata
- Trtzschler
Other prominent vendors in the
market include Batliboi, Kirloskar Toyoda Textile Machinery,
Benninger, Intertrad Group, Lonati, Mayer & Cie, Rieter, Santoni,
Savio Macchine Tessili, and Navis Global.
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Table
of Content :
PART 01:Executive summary
Highlights
PART 02:Scope of the report
Market overview
Top-vendor offerings
PART 03:Market research
methodology
Research methodology
Economic indicators
PART 04:Introduction
Key market highlights
PART 05:Market landscape
Market overview
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