Global Textile Machinery Market To Grow 8% By 2022

- Oct 29, 2018 -

Asian region to account for a market share of more than 90% of the total textile machinery market share.

Desk Report

Technavio’s market research analysts have predicted that the global textile machinery market may grow at 8 percent by 2022.

Global textile machinery market to grow by 2022-SAURER Zinser 20

This market analysis includes a detailed segmentation of the global textile machinery market by product type (spinning, texturing, weaving, knitting, and finishing machinery). It also outlines the market shares for key regions like Asia, Europe, and the ROW. The leading vendors analyzed in this report are Itema, RieterSaurer, LMW, Murata, and Trützschler.

Global textile machinery market to grow by 2022 Rieter K-47 compact spinning machine

Technavio market research analysts have estimated the spinning machinery segment to be the largest market segment during the forecast period. Much of this segment’s 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.

Leading players

Largest market segment

Major market

Itema

Rieter, 

Saurer, 

LMW, 

Murata, 

Trützschler

Spinning machinery segment

Asian region

In this market study, analysts have estimated the Asian region to account for a market share of more than 90% of the total textile machinery market share by 2022. The prospects for growth in this market are impelled by the domestic demand and exports to countries like the US and Europe.Global textile machinery market to grow by 2022 Trützschler

Also, the rise in manufacturing activities and infrastructure development will lead to the substantial growth of this market segment during the predicted period.

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.


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