Global Short-Staple Spindles Market 2017-2021

Global outlook of the short-staple spindles market

Technavio’s market research analysts predict the global short-staple spindles market to grow steadily during the forecast period and in terms of unit shipments, will post a CAGR of around 6% by 2021. This short-staple spindles industry research report identifies the growth of the technical textile market to be one of the major factors that will have a positive impact on the growth of this short-staple spinning machine market in the coming years. Due to the factors such as economic growth, increasing incomes, growth of the construction sector, and the increasing expenditure on healthcare, the recent years witnessed an increased demand for technical textiles. Technical textiles are used for technical performances and functional properties and are mainly required by various industrial sectors including construction, healthcare, protective clothing, agriculture, and sports equipment/sportswear. According to the short-staple spindles market outlook, the growth of the automotive industry due to the increased demand for passenger vehicles and commercial fleet will also fuel the demand for technical textile products, which will consequently increase the demand for textile machinery such as short-staple spindles, eventually, increasing the short-staple spindles market size in the next few years.

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One of the major short-staple spindle trends that will gain traction in this market is the increase in usage of sustainable fibers. To reduce the consumption on cotton and other fossil fuels, several garment companies will start adopting the usage of sustainable fibers. The support from major garment manufacturers such as Levi Strauss that uses recycled plastic bottles to manufacture denim jeans and the Better Cotton Initiative (BCI) implemented to produce cotton by utilizing less water and fewer pesticides will increase the awareness about the usage of sustainable and eco-friendly fibers, in turn, increasing the adoption of sustainable fibers among other garment manufacturers as well.

Competitive landscape and key vendors

The competitive environment among the players in the short-staple spindles market is intense. The market is characterized by the presence of several textile spindle manufactures and is dominated by the leading players such as Rieter, Itema, Lakshmi Machine Works, and Trützschler. One of the leading short-staple spindle manufacturers players Rieter has manufacturing facilities across several countries and constantly focuses on geographical expansion as one of the major strategies measures to increase profitability. Similarly, all the well-established players also focus on expanding their geographical presence. Vendors in the yarn spinning machine market are currently concentrating on enhancing their customer base in the developing countries such as India, where the rising demand for textile and the availability of low-cost labor are proving to be favorable factors for market growth.

The leading vendors in the market are -

• Reiter
• ITEMA
• Lakshmi Machine Works
• Truetzschler

The other prominent vendors in the market are Bräcker, Marzoli Spinning Solutions, and Saurer.

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Geographical segmentation and analysis of the short-staple spindles market

• Americas
• APAC
• Europe and Africa

This market research and analysis estimates that in terms of geographical regions, APAC held the largest short-staple spindles market share during 2016. Due to factors, such as huge production capacity and the availability of cheap labor, China is one of the leading countries in textile manufacturing. As a result, several global players in the textile machinery industry focus on expanding their business in the country through exports, joint ventures, and manufacturing facilities. This will be playing a significant role in fueling the growth of the market in this region. Moreover, increased investments from the government of India in the textile industry towards improving exports and attracting investments will also drive the short-staple spindle market growth. According to short-staple spindles industry analysis, this region will contribute to the highest short-staple spindles market demand throughout the predicted period as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global short-staple spindles market?
• What are the key market trends impacting the growth of the global short-staple spindles market?
• What are the challenges to market growth?
• Who are the key vendors in the global short-staple spindles market?
• What are the market opportunities and threats faced by the vendors in the global short-staple spindles market?
• Trending factors influencing the market shares of the Americas, APAC, and Europe and Africa.
• What are the key outcomes of the five forces analysis of the global short-staple spindles market?

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