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Automation Market in Textile Industry by Solution, Component, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44254
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The automation market in the textile industry share is expected to increase by USD 405.99 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.44%.

This automation market in the textile industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automation market in the textile industry segmentation by solution (hardware and software and services), component (field devices, control devices, and communication), and Geography (APAC, Europe, North America, South America, and MEA). The automation market in the textile industry report also offers information on several market vendors, including ABB Ltd., ATE Private Ltd., Danfoss AS, Festo SE, and Co. KG, Lenze SE, Parker Hannifin Corp., Rockwell Automation Inc., Saurer AG, SIEGER SPINTECH EQUIPMENTS PVT. LTD., and Siemens AG among others.

What will the Automation Market In Textile Industry Size be During the Forecast Period?

Automation Market in Textile Industry Size

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Automation Market In Textile Industry: Key Drivers, Trends, and Challenges

The upgrading of industrial facilities to improve energy efficiency is notably driving the automation market in textile industry growth, although factors such as high investment costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automation market in the textile industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automation Market In Textile Industry Driver

Upgrading industrial facilities to improve energy efficiency is a major driver fueling the automation market growth in the textile industry. Many textile manufacturing facilities around the world are investing in improving efficiency by implementing automation solutions. This will help in improving the operational functions and reducing the cost. With the help of these solutions, it is possible to maintain the same quality throughout the year. The growing awareness among textile manufacturers about the benefits of automation is one of the major reasons for the upgrade of existing facilities, as these automation solutions help in reducing the workforce required to complete a task, thereby reducing the operational cost. This trend is expected to increase during the forecast period.

Key Automation Market In Textile Industry Trend

The use of ERP solutions in textile manufacturing plants is a major trend influencing the automation market growth in the textile industry. The use of ERP solutions is a trend that can be seen in the textile manufacturing industry. These solutions are used for improving the overall efficiency of the plants, as there could be miscommunication between the departments in a manufacturing facility. Enterprise resource planning solutions help in coordination between each of the departments by improving the communication and information exchange, thereby reducing the time taken for approvals. This helps in improving the process efficiency of each of the departments of textile manufacturing plants.ERP solutions are mainly used in facilities to maintain and coordinate the functions between finance, production, procurement, supply, and warehouse departments. With efficient resource planning, the functions of each department can be run smoothly.

Key Automation Market In Textile Industry Challenge

High investment costs are a major hindrance to the automation market growth in the textile industry. Although automation in the textile industry is beneficial in reducing the cost of production, the investment cost is high because of the expensive components required. For the coordination and smooth functioning of the machinery, end-users have to use expensive software solutions like MES, HMI, and other control solutions. In most developing countries, the wages paid are comparatively lower than in developed industrialized countries, which is limiting many small-scale textile industries in countries like India and China from implementing automation solutions. Textile manufacturers are finding it difficult to understand the benefits and return on investments from implementing automation in their facilities, due to a lack of awareness. Another reason is the difficulty in finding skilled labor to operate the machinery, and in addition to that, the maintenance of automation components is expensive. These are the reasons that are restricting small-scale textile manufacturers from implementing these solutions. Impact of drivers and challenges

This automation market in the textile industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automation market in the textile industry as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automation market in the textile industry during the forecast period.

Who are the Major Automation Market In Textile Industry Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • ATE Private Ltd.
  • Danfoss AS
  • Festo SE and Co. KG
  • Lenze SE
  • Parker Hannifin Corp.
  • Rockwell Automation Inc.
  • Saurer AG
  • SIEGER SPINTECH EQUIPMENTS PVT. LTD.
  • Siemens AG

 

This statistical study of the automation market in the textile industry encompasses successful business strategies deployed by the key vendors. The automation market in the textile industry is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automation market in the textile industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automation Market In Textile Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automation market in the textile industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Automation Market In Textile Industry?

Automation Market in Textile Industry Share by Geography

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46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for automation in the textile industry in APAC. 

The technological developments in the automation market will facilitate the automation market in the textile industry growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The recent outbreak of the COVID-19 has affected several countries in the region, including China, India, South Korea, and Japan. The outbreak is expected to affect the overall economy of the region, the supply chain, and the industrial, commercial, and service sectors. The pandemic affected the economy of the country, supply chains, and the industrial and commercial sectors. To prevent the community spread of the disease, the governments of India and China announced nationwide lockdowns, which resulted in the temporary closure of the textile industry. The temporary closure of industries, including the textile, has led to a decline in the use of automation technology in the textile industry. This is expected to hinder the potential growth of the market in the region during the forecast period. In the second half of 2020, the lifting of lockdown restrictions resulted in the resumption of production in all the above-mentioned sectors. Many countries in the region have started COVID-19 vaccination drives, which will positively impact the market. However, after the pandemic is over, the huge demand for automation solutions in the textile industry is expected to contribute to the growth of the market in the region. Furthermore, the rise in automation and the time savings of individuals, in the long run, is expected to drive the demand in the textile industry, which, in turn, will contribute to the growth of the market.

What are the Revenue-generating Solution Segments in the Automation Market In Textile Industry?

Automation Market in Textile Industry Share

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The automation market share growth in the textile industry by the hardware and software segment has been significant. The hardware segment has a higher demand as the number of hardware components required in the textile manufacturing industry is much higher than software applications. With the expected investments and developments within the textile industry, the demand for these products is expected to increase during the forecast period

This report provides an accurate prediction of the contribution of all the segments to the growth of the automation market in the textile industry size and actionable market insights on post COVID-19 impact on each segment.

 

Automation Market In Textile Industry Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.44%

Market growth 2021-2025

$ 405.99 million market

Market structure

Fragmented

YoY growth (%)

1.20

Regional analysis

APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

China, US, Germany, India, and Italy

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., ATE Private Ltd., Danfoss AS, Festo SE and Co. KG, Lenze SE, Parker Hannifin Corp., Rockwell Automation Inc., Saurer AG, SIEGER SPINTECH EQUIPMENTS PVT. LTD., and Siemens AG

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 forecast period

Customization purview

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What are the Key Data Covered in this Automation Market In Textile Industry Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive the automation market in textile industry growth during the next five years
  • Precise estimation of the automation market in the textile industry size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automation market in the textile industry across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automation market in textile industry vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Solution

    • 5.1 Market segments
      • Exhibit 15: Solution - Market share 2020-2025 (%)
    • 5.2 Comparison by Solution
      • Exhibit 16: Comparison by Solution
    • 5.3 Hardware and software - Market size and forecast 2020-2025
      • Exhibit 17: Hardware and software - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Hardware and software - Year-over-year growth 2020-2025 (%)
    • 5.4 Services - Market size and forecast 2020-2025
      • Exhibit 19: Services - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Services - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by Solution
      • Exhibit 21: Market opportunity by Solution

    6 Market Segmentation by Component

    • 6.1 Market segments
      • Exhibit 22: Component - Market share 2020-2025 (%)
    • 6.2 Comparison by Component
      • Exhibit 23: Comparison by Component
    • 6.3 Field devices - Market size and forecast 2020-2025
      • Exhibit 24: Field devices - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Field devices - Year-over-year growth 2020-2025 (%)
    • 6.4 Control devices - Market size and forecast 2020-2025
      • Exhibit 26: Control devices - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Control devices - Year-over-year growth 2020-2025 (%)
    • 6.5 Communication - Market size and forecast 2020-2025
      • Exhibit 28: Communication - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Communication - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by Component
      • Exhibit 30: Market opportunity by Component

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 32: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 33: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 42: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 44: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 45: Market opportunity by geography

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 46: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Vendor landscape
          • 10.2 Landscape disruption
            • Exhibit 48: Landscape disruption
            • Exhibit 49: Industry risks
          • 10.3 Competitive scenario

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 50: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 51: Market positioning of vendors
            • 11.3 ABB Ltd.
              • Exhibit 52: ABB Ltd. - Overview
              • Exhibit 53: ABB Ltd. - Business segments
              • Exhibit 54: ABB Ltd. – Key news
              • Exhibit 55: ABB Ltd. - Key offerings
              • Exhibit 56: ABB Ltd. - Segment focus
            • 11.4 ATE Private Ltd.
              • Exhibit 57: ATE Private Ltd. - Overview
              • Exhibit 58: ATE Private Ltd. - Product and service
              • Exhibit 59: ATE Private Ltd. - Key offerings
            • 11.5 Danfoss AS
              • Exhibit 60: Danfoss AS - Overview
              • Exhibit 61: Danfoss AS - Business segments
              • Exhibit 62: Danfoss AS – Key news
              • Exhibit 63: Danfoss AS - Key offerings
              • Exhibit 64: Danfoss AS - Segment focus
            • 11.6 Festo SE and Co. KG
              • Exhibit 65: Festo SE and Co. KG - Overview
              • Exhibit 66: Festo SE and Co. KG - Product and service
              • Exhibit 67: Festo SE and Co. KG – Key news
              • Exhibit 68: Festo SE and Co. KG - Key offerings
            • 11.7 Lenze SE
              • Exhibit 69: Lenze SE - Overview
              • Exhibit 70: Lenze SE - Product and service
              • Exhibit 71: Lenze SE - Key offerings
              • Exhibit 72: Lenze SE - Segment focus
            • 11.8 Parker Hannifin Corp.
              • Exhibit 73: Parker Hannifin Corp. - Overview
              • Exhibit 74: Parker Hannifin Corp. - Business segments
              • Exhibit 75: Parker Hannifin Corp. – Key news
              • Exhibit 76: Parker Hannifin Corp. - Key offerings
              • Exhibit 77: Parker Hannifin Corp. - Segment focus
            • 11.9 Rockwell Automation Inc.
              • Exhibit 78: Rockwell Automation Inc. - Overview
              • Exhibit 79: Rockwell Automation Inc. - Business segments
              • Exhibit 80: Rockwell Automation Inc. – Key news
              • Exhibit 81: Rockwell Automation Inc. - Key offerings
              • Exhibit 82: Rockwell Automation Inc. - Segment focus
            • 11.10 Saurer AG
              • Exhibit 83: Saurer AG - Overview
              • Exhibit 84: Saurer AG - Business segments
              • Exhibit 85: Saurer AG - Key offerings
              • Exhibit 86: Saurer AG - Segment focus
            • 11.11 SIEGER SPINTECH EQUIPMENTS PVT. LTD.
              • Exhibit 87: SIEGER SPINTECH EQUIPMENTS PVT. LTD. - Overview
              • Exhibit 88: SIEGER SPINTECH EQUIPMENTS PVT. LTD. - Product and service
              • Exhibit 89: SIEGER SPINTECH EQUIPMENTS PVT. LTD. - Key offerings
              • Exhibit 90: SIEGER SPINTECH EQUIPMENTS PVT. LTD. - Segment focus
            • 11.12 Siemens AG
              • Exhibit 91: Siemens AG - Overview
              • Exhibit 92: Siemens AG - Business segments
              • Exhibit 93: Siemens AG – Key news
              • Exhibit 94: Siemens AG - Key offerings
              • Exhibit 95: Siemens AG - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Currency conversion rates for US$
                • Exhibit 96: Currency conversion rates for US$
              • 12.3 Research methodology
                • Exhibit 97: Research Methodology
                • Exhibit 98: Validation techniques employed for market sizing
                • Exhibit 99: Information sources
              • 12.4 List of abbreviations
                • Exhibit 100: List of abbreviations

              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.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automation Market in Textile Industry market growth will increase by $405.99 mn during 2021-2025.
              The automation market in textile industry market is expected to grow at a CAGR of 2.44% during 2021-2025.
              Technavio has segmented the automation market in textile industry market by solution (hardware and software and services) ,component (field devices, control devices, and communication) , and geography (APAC, Europe, North America, South America, and MEA).
              ABB Ltd., ATE Private Ltd., Danfoss AS, Festo SE and Co. KG, Lenze SE, Parker Hannifin Corp., Rockwell Automation Inc., Saurer AG, SIEGER SPINTECH EQUIPMENTS PVT. LTD., Siemens AG are a few of the key vendors in the automation market in textile industry market.
              APAC will register the highest growth rate of 46% among the other regions. Therefore, the automation market in textile industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automation market in textile industry market growth are:
              • Upgrading industrial facilities to improve energy efficiency
              • Use of ERP solutions in textile manufacturing plants
              The automation market in textile industry market vendors should focus on grabbing business opportunities from the hardware and software segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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