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The automation market in the textile industry is estimated to grow at a CAGR of 3.35% between 2022 and 2027. The size of the market is forecast to increase by USD 619.72 million. The growth of the market depends on several factors, including upgrading industrial facilities to improve energy efficiency, favorable government policies, and technological developments in the automation market for the textile industry.
This report extensively covers market segmentation by component (field devices, control devices, and communication), solution (hardware, software, and services), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global automation market in the textile industry as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Upgrading industrial facilities to improve energy efficiency is notably driving the market growth, although factors such as the shortage of skilled workforce may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Automation Market In Textile Industry Market Driver
Upgrading industrial facilities to improve energy efficiency is notably driving the market growth. Investments in improving efficiency are being done by a significant number of textile manufacturing facilities by implementing automation solutions. This will help in both improving the operational functions and cost reduction. These solutions will help in producing good and consistent quality products throughout the year.
One of the major reasons behind the upgradation of the existing facilities by textile manufacturers is the awareness of the benefits of automation. Such automation solutions help in various ways, including reducing the workforce required to complete a task, thereby reducing operational costs. This trend is expected to increase during the forecast period.
Significant Automation Market In Textile Industry Market Trend
The use of ERP solutions in textile manufacturing plants is an emerging trend in the market. These solutions are useful for improving the overall efficiency of factories, as there can be communication breakdowns between departments in a factory. Enterprise resource planning solutions help coordinate between units by improving communication and information exchange, which reduces coordination time. It helps to improve the process efficiency of every department in textile factories.
Furthermore, ERP solutions are essential to maintain and coordinate activities between finance, production, procurement, supply, and departments in warehouses. Effective resource planning allows the functions of each department to run smoothly. Such benefits are expected to increase during the forecast period.
Major Automation Market In Textile Industry Market Challenge
Shortage of skilled workforce is a major challenge impeding the market. This is a major problem for textile manufacturers, and with the introduction of automation in textile plants, the number of personnel required for the task has decreased. According to reports, the lack of skilled workers is one of the biggest challenges faced by textile manufacturers, leading to unfilled jobs.
These manufacturing facilities require skilled workers to operate various hardware and software components. Therefore, manufacturing facilities must provide their current workforce with additional training on how to operate each component. This is not a cost-effective method as it requires hours of training which can cause downtime and therefore affect operations. Since these manufacturing companies depend on analytics, they need people with technical expertise to manage the software. Such factors question the market growth during the forecast period.
Key Automation Market in Textile Industry Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automation Market in Textile industry Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company operates under multiple segments including electrification, and motion among others, with a high focus on electrification.? The company under this segment?offers electrification and building management solutions, products, and services for utilities, industry, transport, and infrastructure. The company's key offerings include?automation solutions in the textile industry.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the field devices segment will be significant during the forecast period. Drives, motors, valves, and actuators are the field devices used in the textile industry, Each of these components has high importance in the industry for different purposes.
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The field devices segment was valued at USD 1,657.55 million in 2017 and continued to grow until 2021. Field devices are the basic requirements for the textile industry, which is constantly upgrading the facilities to implement automation solutions. There are many investments in the industrial sector that are expected to create demand for field devices. The field devices segment had high demand during the base year as these are the devices that are used to control the functions of hardware components like motors, drives, valves, and actuators. The demand for these field devices is expected to increase during the forecast period.
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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is the largest revenue-generating region mainly due to the demand from countries like China, India, and Bangladesh. Most of the textile manufacturing facilities in this region only have basic automation solutions, as the wages are comparatively low. The stable cotton prices have also helped manufacturers in planning production and predicting operation costs. This is the reason for higher investments in these regions, leading to higher growth in the market.
Furthermore, favorable policies by the governments have also benefitted countries in this region. Such policies have led to an increase in investments, which will create demand for automation solutions in the textile industry. The growing awareness about return on investment among end-users in APAC has resulted in the upgrade of existing textile manufacturing facilities, which will create demand for automation products and services during the forecast period.
The outbreak of COVID-19 negatively affected several countries in the region, causing supply chain disruption in the textile and service sectors in 2020. However, in 2021, the introduction of the vaccination drive and the lifting of lockdown restrictions resulted in the resumption of production in all sectors. The huge demand for these solutions in the textile industry is expected to contribute to the growth of the market in the region due to textile exports and government emphasis on energy efficiency. These factors will contribute to the growth of the market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Component (Field devices, Control devices, and Communication), Solution (Hardware, software, and Services), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
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Automation Market In Textile Industry Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.35% |
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Market growth 2023-2027 |
USD 619.72 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.75 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 45% |
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Key countries |
US, China, India, Pakistan, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., ATE Pvt. Ltd., Baumuller Nurnberg GmbH, BrainChild Electronic Co. Ltd., Classic Loom Data, Cotmac Electronics Inc., Danfoss AS, Delta Electronics Inc., Festo SE and Co. KG, Hitachi Ltd., Honeybee Automation Pvt. Ltd., Honeywell International Inc., Lenze SE, Parker Hannifin Corp., Rockwell Automation Inc., Saurer AG, Schneider Electric SE, SIEGER SPINTECH EQUIPMENTS Pvt. Ltd., Siemens AG, and Yaskawa Electric Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Solution
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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