What is Global Textile Machinery Market?
The Global Textile Machinery Market is a vast and dynamic sector that encompasses a wide range of equipment used in the production of textiles. This includes machinery for spinning, knitting, weaving, and finishing, among others. The market is driven by the ever-increasing demand for textiles worldwide, which in turn is fueled by factors such as population growth, rising disposable incomes, and changing fashion trends. The machinery used in this industry is highly specialized and technologically advanced, designed to facilitate efficient and high-quality textile production. The global textile machinery market is a critical component of the broader textile industry, providing the necessary tools and equipment for textile manufacturers to produce a wide variety of products, from clothing and home furnishings to industrial textiles.
Spinning Machinery, Knitting Machinery, Weaving Machinery, Finishing Machinery, Others in the Global Textile Machinery Market:
Spinning Machinery, Knitting Machinery, Weaving Machinery, Finishing Machinery, and others are all integral parts of the Global Textile Machinery Market. Spinning machinery is used to create yarn or thread from raw fibers. This process involves cleaning, carding, drawing, and spinning the fibers into a usable thread. Knitting machinery, on the other hand, is used to create knitted fabrics by interlocking loops of yarn. Weaving machinery is used to create woven fabrics by interlacing two sets of yarn at right angles. Finishing machinery is used for the final processes in textile production, such as dyeing, printing, and heat setting. Other types of machinery used in the textile industry include those for embroidery, quilting, and lace making. Each type of machinery plays a crucial role in the textile production process, contributing to the overall efficiency and quality of the final product.
Cotton Textile Industry, Woolen Textile Industry, Linen Textile Industry, Others in the Global Textile Machinery Market:
The Global Textile Machinery Market finds its application in various areas such as the Cotton Textile Industry, Woolen Textile Industry, Linen Textile Industry, among others. In the Cotton Textile Industry, the machinery is used to process cotton fibers into yarn and fabric. This involves a series of steps including ginning, spinning, weaving, and finishing. In the Woolen Textile Industry, the machinery is used to process wool fibers into yarn and fabric. This involves steps such as scouring, carding, spinning, weaving, and finishing. In the Linen Textile Industry, the machinery is used to process flax fibers into linen fabric. This involves steps such as retting, breaking, scutching, hackling, spinning, weaving, and finishing. Other industries that use textile machinery include the silk industry, synthetic fiber industry, and nonwoven fabric industry.
Global Textile Machinery Market Outlook:
The Global Textile Machinery Market, which was valued at US$ 28200 million in 2022, is expected to reach a value of US$ 43570 million by 2029. This represents a compound annual growth rate (CAGR) of 6.0% during the forecast period from 2023 to 2029. The top six manufacturers in the global market hold a share of about 10%. In terms of product types, Spinning Machinery is the largest segment, accounting for over 31% of the market. This indicates the significant role that spinning machinery plays in the textile production process, as it is responsible for transforming raw fibers into yarn or thread, which is then used to create fabric.
| Report Metric | Details |
| Report Name | Textile Machinery Market |
| Accounted market size in 2022 | US$ 28200 in million |
| Forecasted market size in 2029 | US$ 43570 million |
| CAGR | 6.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saurer, Rieter, Toyota Industries, SHIMA SEIKI, Jingwei Textile Machinery, Truetzschler Group, Van de Wiele, Murata Machinery, Savio Macchine, CHTC Fong’s, Itema, Stoll, Lindauer DORNIER GmbH, Lakshmi Machine Works, Oerlikon, Ningbo Cixing, Qingdao Textile Machinery |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
