IMARC Group provides in-depth analysis of the Textile Machinery industry covering market trends, investment opportunities, growth trends, statistics and industry outlook. The report offers comprehensive industry analysis, which includes information on market size, share, trends, analysis, growth, demand, statistics and overview. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.
Textile Machinery Market Overview:
The global textile machinery market reached a value of US$25.73 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$38.92 billion. by 2027, posting a CAGR of 6.70% in 2022-2027. Textile machinery refers to equipment used to process and manufacture fabrics, textiles, garments, and other materials. Some of the commonly used textile machines include cutting, spinning, embroidery, lace, textile finishing and quilting machines. These machines are widely used for weaving, knitting, crocheting, tatting, felting, gluing and braiding raw fibers into textiles. They are also used to make dyes and finishes for fibers, yarns and threads. As a result, textile machinery finds many applications in garment factories and cotton and woolen spinning mills for fiber processing, yarn production, dyeing, printing, finishing and fiber pretreatment.
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Textile Machinery Market Trends:
The expansion of the apparel industry and the growing demand for luxury apparel are the major factors driving the growth of the market. Additionally, with emerging fast fashion trends, there has been widespread adoption of textile machinery to design modern garments with innovative fabrics, designs, patterns and styles. With this in mind, the growing need for textile recycling owing to growing environmental concerns and increasing awareness among the masses regarding the adverse effects of waste incineration has catalyzed the demand for the products. Furthermore, the advent of smart textiles integrated with electronic components, conductive yarns and innovative technologies has positively influenced the growth of the market. Additionally, leading manufacturers are launching automated textile machines that design seamless outfits with intricate embroidery, ensure product uniformity and reduce manual effort. Apart from this, the increasing use of medical textiles for first aid, clinical, surgical and hygienic purposes has accelerated the adoption of medical textile machinery. Other factors, including the abundant availability of raw materials, such as cotton and jute, the growing influence of social media, rapid urbanization, swelling consumer spending capacities and technological advancements, also give a positive impetus to market growth.
Report feature details
Base year of analysis 2021
Historical period 2016-2021
Forecast period 2022-2027
Units US$ billions
Segment Coverage Machine Type, Distribution Channel, Application, Region
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as industry consumer behaviors around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
Competitive landscape with key players:
TE Private Limited
Benninger AG (Jakob Muller AG)
Camozzi Group SpA
Lakshmi Machine Works Limited
Murata Machinery Ltd.
OC Oerlikon Management AG
Santex Rimar Group
Saurer Intelligent Technology AG
TMT Machinery Inc.
Toyota Industries Corporation
Trützschler Group SE.
Breakdown by type of machine:
Breakdown by distribution channel:
Breakdown by application:
Clothes and Clothing
Home and home textiles
Breakdown by region:
Middle East and Africa
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Impact of COVID-19
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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