Authored By: Sarah
11 Jul 2024

 Textile Machinery Market Size to grow by USD 10.71 billion between 2024-2028

According to a research report “ Textile Machinery Market” by 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, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 10.71 billion, at a CAGR of almost 6.74% during the forecast period. In the realm of textile manufacturing, nonwoven fabrics represent a significant segment, accounting for a substantial market share. These engineered fabric products are derived from fibers through chemical or mechanical bonding processes, resulting in fabrics that are neither woven nor knitted. The production of nonwoven fabrics involves specialized machinery for web formation, bonding, and finishing. This high-speed, low-cost process sets nonwoven fabric manufacturing apart from traditional weaving and knitting methods. The industry is categorized into disposable and non-disposable product segments. Notably, disposable nonwoven fabrics dominate the market due to their mass production capabilities and cost-effectiveness.

Browse market data tables, figures, and in-depth TOC on “Textile Machinery Market” by 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, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Product, the Spinning machinery segment is projected to dominate the market size in 2024

The garment and apparel factory sector represents a significant growth driver in the global textile machinery market. With shifting fashion trends and escalating consumer demand for diverse clothing designs, garment and apparel factories invest in advanced machinery to enhance production efficiency. Leading manufacturers like Rieter and Trutzschler Group cater to the garment industry's unique requirements by providing innovative solutions. Key market trends, including automation, digitization, and sustainable manufacturing techniques, are fueling this end-user segment's growth. Consequently, garment and apparel factories' emphasis on quick turnaround times, customization, and adherence to sustainability norms is driving the demand for advanced textile machinery, thereby propelling the global textile machinery market forward during the forecast period.

By End-user, Garment and apparel factory  segment is expected to hold the largest market size for the year 2024

The textile machinery market encompasses spinning machines, which play a crucial role in the conversion of processed fibers into fine threads or yarns for textile manufacturing. This segment includes short-staple spindles, long-staple spindles, and open-end rotor spindles. Short-staple spindles, specifically, are utilized for spinning yarns from cotton, polyester, viscose, and other fiber blends. Key Asian countries, including China, India, Vietnam, Turkey, and Indonesia, have significantly invested in short-staple spindle machinery due to the increasing production of these fibers. The demand for short-staple spindles is projected to grow in tandem with the expansion of the fiber industry.

APAC is forecasted to hold the largest market size by region in 2024

The textile machinery market in the Asia-Pacific (APAC) region is experiencing robust growth, driven by the expansion of the textile and apparel sectors in major economies such as China, India, and Bangladesh. China, serving as a global textile manufacturing hub, is leading the market with substantial investments in advanced technology gear. India, with its burgeoning textile industry, is witnessing a surge in demand for new machinery to enhance productivity. Likewise, Bangladesh, a significant player in the textile and garment industries, is adopting sophisticated textile machinery to optimize production efficiency. The regional textile machinery market is being propelled forward by the region's pivotal role as a manufacturing powerhouse and the increasing demand for textiles. Notable advancements in technology include the adoption of automated looms, digital printing machines, and spinning equipment in the APAC textile machinery market.

The Textile Machinery Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ATE Pvt. Ltd.
  • Batliboi Ltd.
  • Camozzi Group SpA
  • KARL MAYER Holding SE and Co. KG
  • Lakshmi Machine Works Ltd.
  • MURATA MACHINERY USA, INC.
  • OC Oerlikon Corp. AG
  • Qingdao Jingtian textile machinery co.,Ltd
  • Qingdao Lebon Industry Co., Ltd.
  • Radici Partecipazioni Spa
  • Rieter Holding AG
  • Santex Rimar Group
  • SAURER AG
  • SHIMA SEIKI MFG., LTD.
  • Tessenderlo Group NV
  • Toyota Industries Corp.
  • Trutzschler Group SE
  • TSUDAKOMA Corp.
  • VANDEWIELE NV
  • YAMUNA MACHINE WORKS LTD
.

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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 experiencing significant growth due to advancements in various technologies such as laser decorating, heat transfer, and digital printing. Traditional stitching techniques like embroidery are being complemented by these modern methods, leading to innovative designs and improved production efficiency. The garments/apparels sector is a major consumer of textile machinery, with cotton and polyester fiber being the most commonly used fibers. New machinery incorporating plasma technology, biotechnology, and nanotechnology is transforming the industry. Brands are focusing on thermo-physiological comfort and skin sensory comfort, driving demand for technical textiles and non-woven fabrics. 3D printing and laser printing are revolutionizing fabric production, while e-commerce, agility, and flexibility are key trends in the industry. Multinational firms are investing in finishing machines, knitting machines, weaving machines, and spinning machines to enhance productivity and efficiency. Data-driven technologies, robotics, and smart manufacturing are being adopted for remote maintenance, reduced labor costs, and higher output. However, environmental concerns, regulatory changes, consumer preferences, and fashion trends are influencing the market. Research and development in eco-friendly practices, energy-efficient machinery, and sustainability considerations are also crucial. Technological advancements in finishing treatments, dyeing, and printing, fiber pre-treatment, and fiber processing are shaping the future of the textile machinery market.

Contacts

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/

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