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The textile machinery market size will decrease by 1259.37 thousand units during 2020-2024, and the market's growth momentum will decelerate during the forecast period.
This report provides a detailed analysis of the market by product (spinning machinery, texturing machinery, weaving machinery, knitting machinery, and finishing machinery) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Camozzi Group SPA, Lakshmi Machine Works Ltd., LONATI SPA, Mayer & Cie. GmbH & Co. KG, Murata Machinery Ltd., Navis TubeTex, OC Oerlikon Corp. AG, Rieter Holding AG, Toyota Industries Corp., and Trützschler Group.
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The textile machinery market is fragmented and characterized by the presence of several international and regional vendors. Many regional textile machinery vendors provide customized solutions at lower prices to customers than global manufacturing companies, which increases the competition in the market. Most of the leading vendors will look to expand in the market through the organic as well as the inorganic route. Strategic consolidation activities are expected to play a considerable role in increasing the geographical presence, expanding the product portfolio, improving access to supply and distribution channels, and boosting the sales of textile machinery for several vendors. Some of the manufacturers are also focusing on creating regional partnerships with local firms to boost the sales of their textile machinery, for which they also provide installation and aftersales services. Camozzi Group SPA, Lakshmi Machine Works Ltd., and LONATI SPA are some of the major market participants. Although the rising demand for non-woven fabrics will offer immense growth opportunities, the growing demand for second-hand machinery will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this textile machinery market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this textile machinery market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
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APAC was the largest textile machinery market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increased investments by foreign companies in the textile and garment industry will significantly drive textile machinery market growth in this region over the forecast period.
China, India, Japan, Vietnam, and Indonesia are the key markets for textile machinery in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.
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Spinning machines are used for cotton or fiber spinning wherein the processed fiber or material is converted to fine threads or yarn, which can further be 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 during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the textile machinery market size.
The rising demand for non-woven fabrics will be one of the primary factors that will trigger the growth of the textile machinery market size. Non-woven fabrics are manufactured by cost-effective and high-speed manufacturing processes, which involve web formation, web bonding, and finishing. Hence, they require specialized texturing and finishing machinery during production. The non-woven fabrics market is considered as one of the fastest-growing markets. This market is diverse due to the growing demand for disposable non-woven fabrics and the advent of superior methods of manufacturing. These factors have significantly contributed to the development of the market for non-woven fabric and simultaneously for the machines required for their production. The textile machinery market is expected to register a CAGR of almost -3% during the forecast period.
One of the key textile machinery market trends is the automation in textile machinery. Automation in textile machinery plays a pivotal role in enhancing quality and cost-competitiveness. Automated textile machinery accelerates textile production and increases the flow rate of fabric. These factors lead to lean manufacturing. Moreover, automation plays a crucial role in fiber manufacturing, yarn manufacturing, weaving, and finishing processes.
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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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