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Global finishing machinery market overview
Research analysis of the global finishing machinery market identifies that the demand for automotive textiles will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that in terms of units, this market will grow at a CAGR of more than 13% by 2021. Automotive textiles are used in the automotive applications such as seat covers, carpets, doors, and roof liners. The rise of automobile production, mainly in APAC with the favorable regulatory initiatives is likely to drive the market for automotive textiles. Moreover, the rising safety concerns in the automobiles have paved the way for more seat belts and airbags which is the main reason for the increasing demand for automotive textiles. Rising disposable incomes and increasing standards of living in developing markets such as China and India are contributing to the high demand for automobiles which in turn drives the automotive textiles. This will drive the finishing machinery market during the forecast period.
The introduction of automation in the dyeing process is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The dyeing process of textile manufacturing needs precise monitoring of ingredients, water level, temperature, time of treatment, and water flow circulation. The adoption of automation in the manufacturing process would lead to a reduction in the labor cost and also avoid shop-floor mishaps giving rise to better product quality. This will enable the increased usage of textile machinery which will drive the market growth.
Competitive landscape and key vendors
The finishing machinery market consists of numerous vendors with a wide geographical presence with many manufacturing facilities. Vendors are coming up with various strategies to strengthen their presence in the market. To sustain in this competitive environment, it becomes imperative for vendors to distinguish their products and services through a unique and clear value proposition.
The leading vendors in the market are -
Alliance Machines Textiles
The other prominent vendors in the market are ACME MACHINERY INDUSTRY, Advanced Dyeing Solutions, Ah Choi Machinery Works, Aleph, Atexco (Hangzhou Honghua Digital Technology Stock), Bianco, Arioli GROUP (Brazzoli),BRÜCKNER Trockentechnik, Brugman Holland, CHTC Fong's Industries, Colorjet Group, Cubotex, d.gen, Durst Phototechnik, DyeCoo Textile Systems, eCO2Dye, Electronics For Imaging (EFI Reggiani), Epson,Erbatech, Expand Systems, FERRARO, CHTC Fong's Industries , FUJIFILM Dimatix, Gaston County Dyeing Machine, Hasgroup, HGS Machines, Hisaka Works, J. Zimmer Maschinenbau, Karl Menzel Maschinenfabrik, Konica Minolta, Kornit Digital, KYOCERA, Kyoto Textile Machinery, La Meccanica, LAB-PRO, Laip, MCS Group, Mezzera, MIMAKI ENGINEERING, Monforts, Morrison Textile Machinery, MS Printing Solutions, MTEX Solutions, Murata Machinery, Navis TubeTex, Oasis Dyeing Systems, OBEM, Ricoh, Robustelli, Roland, Rousselet Robatel, Rieter, SANDO TECH, Santex Rimar Group, Seiko, SHIMA SEIKI, SPGPrints, Saurer Group, Savio Macchine Tessili , Tecnorama, Thies, TONG GENG ENTERPRISE, Trützschler, Ugolini, Voltas, Sensient Imaging Technologies, and J. Zimmer Maschinenbau.
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Segmentation by technology and analysis of the finishing machinery market
During 2016, the wet technologies segment accounted for the major shares of the finishing machinery market. Factors such as the increasing use of wet technologies such as mercerizing, dyeing, bleaching, and washing in the finishing process of industries will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the finishing machinery market
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the finishing machinery market throughout the forecast period. China is the leading country in terms of shipments of finishing machinery in the region. The country is the major producer of textile worldwide with the country's textile manufacturers providing varied and high volume of products. This drives the growth of the finishing machinery market in the region.
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 finishing machinery market?
What are the key market trends impacting the growth of the global finishing machinery market?
What are the challenges to market growth?
Who are the key vendors in the global finishing machinery market?
What are the market opportunities and threats faced by the vendors in the global finishing machinery market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global finishing machinery market?
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