Latest News - Textile Machinery Market: Spinning machinery is expected to lead the Product segment during 2024-2028

The Textile Machinery Market is being driven by Rising demand for nonwoven fabrics

The Textile Machinery Market is expected to grow at a CAGR of 6.74% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 10.71 billion. In the textile industry, automation is a key driver for enhancing product quality and cost competitiveness. Automated textile machinery expedites fabric production and optimizes flow rates, facilitating lean manufacturing processes. Critical factors in fiber manufacturing, such as fiber diameter monitoring, polymer characteristics, temperature control, and tension management, are effectively addressed through automation. This technology is particularly advantageous for producing various types of fibers, including micro-denier fibers, in the yarn manufacturing process. The evolution of spinning methods has led to advancements in yarn manufacturing, with automation playing a pivotal role in ensuring consistent quality and meeting stringent industry requirements. 

Get more information on Textile Machinery Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Spinning machinery
  • Knitting machinery
  • Weaving machinery
  • Texturing machinery
  • Finishing and other machinery
• End-user
  • Garment and apparel factory
  • Cotton and wool mills
  • Home textile
  • Technical textile
• Geography
  • APAC
    • China
    • India
    • Indonesia
    • Japan
    • Vietnam
  • Europe
  • North America
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for nonwoven fabrics
• Rising demand for sustainable solutions in textile manufacturing industry
• Growing domestic demand for textile machinery in emerging countries

However, the market also witnesses some limitations, which are as follows:

• High initial capital investment in installing modern textile machinery
• Cyclical nature of the textile industry
• Growing demand for second-hand machinery

Benefits of Buying Global Textile Machinery Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Textile Machinery Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The textile machinery market is witnessing significant advancements driven by the adoption of innovative technologies such as polyester fiber, non-woven fabrics, 3D printing, laser printing, nanotechnology, and plasma technology. Textile producers are investing in new machinery to incorporate these technologies into their manufacturing processes. Polyester fiber and non-woven fabrics are gaining popularity due to their durability and versatility. Advanced printing techniques like 3D printing and laser printing enable the creation of intricate designs and patterns, while nanotechnology offers enhanced fabric properties like water resistance and breathability. Moreover, digitalization is transforming the textile industry with automation through robots and biotechnology. Multinational firms are leading the charge in this digital revolution, integrating sustainability and productivity into their manufacturing processes. Finishing and dyeing processes are also being modernized with plasma technology, ensuring high-quality end products. The global textile machinery market is expected to grow significantly due to these technological advancements and the increasing demand for eco-friendly and efficient manufacturing processes. The market is expected to remain competitive, with continuous innovation and collaboration between textile producers and machinery manufacturers.

Market Research Overview

The textile machinery market is a significant segment of the global heavy electrical equipment market, which is a key manufacturing sector encompassing companies and products involved in the production of equipment for the energy sector and industrial applications, including power generation, mining, and oil and gas. According to Technavio, the global heavy electrical equipment market's size is determined by the consolidated revenue generated from manufacturers of electrical components, such as electric cables and wires, and heavy electrical equipment. This market caters to the demand for large-scale electrical systems and fixed-use power generation and distribution solutions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/