What is Global Braiding Machine Market?
The Global Braiding Machine Market is a comprehensive study of the various aspects of the braiding machine industry on a global scale. Braiding machines are specialized devices used to interweave multiple strands of a material to create a flat or tubular braid. These machines are widely used in various industries, including textiles, sporting goods, automotive, medical, aerospace, and others. The market for these machines is vast and diverse, with numerous manufacturers and suppliers operating worldwide. The global market value of braiding machines was estimated at US$ 479 million in 2022. This value is projected to increase to US$ 574.5 million by 2029, indicating a steady growth in the market. The growth rate, represented by the Compound Annual Growth Rate (CAGR), is expected to be 2.6% during the forecast period from 2023 to 2029.
Vertical Braiders, Horizontal Braiders in the Global Braiding Machine Market:
The Global Braiding Machine Market is dominated by several key players, including O.M.A., VP, SUNGIL Ind, Mayer & Cie, HERZOG, and Steeger. These companies collectively account for approximately 55% of the market. The market is geographically diverse, with Asia-Pacific being the largest market, accounting for over 47% of the global market. The most common product in this market is vertical braiders, which hold a share of over 86%. These machines are primarily used in the textile and sporting industries, which account for over 46% of the market's applications.
Textile and Sporting, Industrial, Automotive, Medical, Aerospace, Others in the Global Braiding Machine Market:
Braiding machines are used in a variety of industries. In the textile and sporting goods industry, they are used to create durable and flexible braids for various products, including ropes, cords, and fabrics. In the industrial sector, braiding machines are used to produce braids for a variety of applications, including electrical wiring and cable manufacturing. In the automotive industry, they are used to create braids for various components, including brake lines and engine parts. In the medical industry, braiding machines are used to produce braids for various medical devices, including sutures and catheters. In the aerospace industry, they are used to create braids for various aerospace components, including wiring harnesses and fuel lines. Other industries that use braiding machines include the marine industry, the construction industry, and the electronics industry.
Global Braiding Machine Market Outlook:
The global Braiding Machine market is expected to continue its steady growth in the coming years. The market's growth is driven by several factors, including the increasing demand for braided products in various industries, the technological advancements in braiding machine design and operation, and the expansion of the market in emerging economies. However, the market also faces several challenges, including the high cost of braiding machines and the need for skilled operators. Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing demand for braided products and the ongoing technological advancements in the industry.
| Report Metric | Details |
| Report Name | Braiding Machine Market |
| Accounted market size in 2023 | US$ 492.5 million |
| Forecasted market size in 2029 | US$ 574.5 million |
| CAGR | 2.6 |
| Base Year | 2023 |
| 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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| Sales by Region |
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| By Company | O.M.A., VP, SUNGIL Ind, Mayer & Cie, HERZOG, Steeger, Magnatech International, Talleres Ratera, KARG, Wilms, Changchun Huibang, Xuzhou Henghui, Shanghai Xianghai, OMEC, Yitai Technology, Shanghai Nanyang, GURFIL, KOKUBUN, Kyang Yhe Delicate, HC Taiwan, Lorenzato, Braidwell Machine, Cobra Braiding Machinery, Geesons International, Bhupendra & Brothers |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
