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The textile machinery market size is forecast to increase by USD 10.71 billion at a CAGR of 6.74% between 2023 and 2028. Nonwoven fabrics, derived from short-staple or continuous fibers through chemical or mechanical bonding, are vital in the textile industry's global market. With technological advancements like ultrasonic wet processing, plasma, nanotechnology, and laser and 3D printing, textile producers employ innovative methods for efficient textile finishing. Biotechnology further enhances the sector's growth, particularly in industrial equipment adoption.
The market trends indicate a significant rise in demand for polyester fiber-based nonwoven fabrics, driving market research and forecasting efforts. As the industry evolves, the integration of cutting-edge technologies ensures continued growth and competitiveness in the dynamic global market.
Textile Machinery Market Forecast 2024-2028
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The spinning machinery segment will account for a major share of the market's growth during the forecast period.?Spinning machines are used for cotton or fiber spinning, where the processed fiber or material is converted to fine threads or yarn, which can be further used in textile manufacturing. The spinning-machinery segment can be further categorized into short-staple spindle, long-staple spindle, and open-end rotor spindle. The market in all these sub-categories is expected to witness growth in the next five years.
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The spinning machinery segment was valued at USD 5.17 billion in 2018. Furthermore, globally, the top cotton-spinning countries were China, India, Pakistan, Turkey, Bangladesh, and Vietnam. The following exhibit represents the major countries involved in cotton spinning and their respective production. Overall, owing to the aforementioned factors, the spinning-machinery product segment is expected to increase as a result of increased demand from cotton or fiber spinning firms. This, in turn, will drive the growth of the global market during the forecast period.
Based on end-user, the market has been segmented into garment and apparel factories, cotton and wool mills, home textiles, and technical textiles. The garment and apparel factories?segment will account for the largest share of this segment. Garment and apparel factories invest in innovative machinery to enhance production efficiency as fashion trends shift and consumer demand for varied clothing designs grows. Furthermore, the emphasis on fast turnaround times, customization, and adherence to sustainability norms drives demand for cutting-edge textile machinery, putting garments and apparel factories as prominent end-users, thereby driving the market growth during the forecast period.
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APAC is estimated to contribute 64% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The APAC market is expanding rapidly, fueled by expanding textile and apparel sectors in countries such as China, India, and Bangladesh. China, as a global textile manufacturing hub, leads the market with significant investments in cutting-edge gear. With its expanding textile sector, India is witnessing a surge in demand for new machinery to boost efficiency.
Additionally, the APAC market undergoes constant evolution, with advancements such as ultrasonic wet processing technology, plasma technology, and textile finishing technology. These innovations cater to the industry's demand for improved efficiency and sustainability. Laser printing, in particular, has gained traction for its precision and eco-friendliness. As market players invest in research and development, market growth analysis becomes essential for understanding emerging trends and forecasting future growth. Through market research and growth analysis, stakeholders can better position themselves to capitalize on opportunities presented by these technological advancements.
In today's textile industry, automation and robotics are revolutionizing production processes, benefiting both multinational corporations and small-scale market participants. These innovations enhance productivity while aligning with sustainability considerations. Digitalization drives efficiency, while new machinery, including ultrasonic wet processing and plasma technology, further advances eco-friendly practices. Textile producers utilize cutting-edge technologies like biotechnology and nanotechnology, alongside traditional methods like spinning, weaving, dyeing, and finishing.
Energy-efficient machinery, coupled with eco-conscious practices, reflects the industry's commitment to sustainability. Polyester fiber and non-woven fabrics witness increasing demand, underlining the global market's evolution towards technological advancements and sustainable solutions.
This market is driven by rising demand for nonwoven fabrics, pivotal in textile manufacturing. It encompasses fiber processing, yarn production, and fabric creation, involving pre-treatment, dyeing, printing, and finishing treatments. Key market trends and regulatory changes prompt global hubs to address environmental concerns and disruptions in supply chains. Reduced investment and demand for machinery lead to plant shutdowns, necessitating a shift in consumer demand towards safety and sustainability.
Digitalization solutions and smart manufacturing optimize production processes, enhancing efficiency, productivity, and output. Challenges include adapting to digital printing technology and ensuring skin sensory and thermo-physiological comfort, alongside addressing the market for secondhand textile machinery.
Key trend in this market is automation in textile machinery, revolutionizing manufacturing. Automated systems drive efficiency across fiber processing, yarn production, weaving, dyeing, and finishing. By streamlining processes, automation enhances productivity while minimizing labor costs and potential mishaps. This shift towards automation promises superior-quality products and competitive advantages. With the widespread adoption of automated technologies, the global market is poised for substantial growth in the forecast period.
The global market is facing considerable challenges because of the significant upfront expenditures associated with acquiring and installing modern machinery, which disproportionately affects small and medium-sized enterprises (SMEs). The capital-intensive aspect of investing in cutting-edge textile machines can be a hurdle for SMEs, limiting their ability to adopt cutting-edge technology.
Furthermore, the purchase and installation of computerized knitting machines, automated looms, or digital printing equipment, for example, necessitate significant financial resources. This difficulty may create an unequal playing field in which larger firms with greater financial resources have a competitive edge, thereby delaying the overall industry's development towards widespread technological innovation and modernization. Efforts to overcome this difficulty may include finance options, government incentives, or coordinated industry initiatives to encourage SMEs to use sophisticated textile machinery. Hence, the high initial capital investment is a challenge that may impact the growth of the global market negatively during the forecast period.
Companies 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.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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, and YAMUNA MACHINE WORKS LTD.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is undergoing significant transformations due to various factors such as robots, digitalization, and sustainability considerations. With a diverse landscape comprising both small-scale market participants and multinational firms, the industry is witnessing rapid changes driven by technological advancements.
From cotton spinning machinery to cutting and sewing equipment, manufacturers are investing in energy-efficient machinery and eco-friendly practices to meet evolving consumer demands while minimizing environmental impact. This shift is reflected in the adoption of digital fabric printing machines, automated material handling systems, and other technologically advanced machinery aimed at enhancing productivity and efficiency.
Despite facing challenges such as supply chain disruptions and reduced investment, the market is poised for growth, driven by consumer preferences for personalized products and affordable clothing collections. Additionally, the rise of e-commerce platforms is driving demand for agility and flexibility in manufacturing processes.
As the industry embraces automation and Industry 4.0 technologies, manufacturers are focusing on safety and sustainability, leveraging data-driven technologies to optimize production processes. With market forecasting indicating continued growth, the market is set to remain a transformative driver in the global textiles industry.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Textile Machinery Market Scope |
|
Report Coverage |
Details |
Page number |
172 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.74% |
Market Growth 2024-2028 |
USD 10.71 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.5 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 64% |
Key countries |
China, India, Japan, Vietnam, and Indonesia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
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, and YAMUNA MACHINE WORKS LTD |
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, and market condition analysis for the forecast period. |
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. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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