Press release
Braiding Machine Market Size, Share, Development by 2024
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Braiding is an extremely versatile textile that can produce both the simplest and most complex products. Braiding has suitable products for many different industries; some of these industries include medical, automotive, apparel, maritime, sports, aviation, electrical, etc.A braiding machine is device, which interlaces at least three strands of yarns or wires to form a rope reinforced hose, covered power cords, and some types of lace.
Scope of the Report:
As the technology of Braiding Machine is relatively mature and the downstream market, especially for industrial market is growing fast, so there are lots of enterprises in the Braiding Machine market. The high-end Braiding Machine is mainly produced in Europe and United States because their advanced R&D level, but most of the products were produced in developing countries especially in Asia where the machining accuracy is lower.
Braiding Machine is widely adopted across industry, as the machine has been used for a multitude of applications, including: Textile and Sporting, Industrial, Automotive, Medical, Aerospace, etc. In the application segment, Textile and Sporting segment accounted for the most of market share (47.76% in 2018), in terms of volume, while Industrial segment accounted for 29.22%. Briefly speaking, in the next few years, Braiding Machine industry will still be an energetic industry.
Although Braiding Machine market still brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The worldwide market for Braiding Machine is expected to grow at a CAGR of roughly 1.5% over the next five years, will reach 530 million US$ in 2024, from 490 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Braiding Machine in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Xuzhou Henghui
HERZOG
OMABRAID
Shanghai Nanyang
Talleres Ratera
Magnatech International
Steeger USA
Mayer Industries
NIEHOFF Schwabach
Shanghai Xianghai
Spirka Schnellflechter
Yitai Technology
OMEC
Kyang Yhe Delicate
KOKUBUN
HC Taiwan
GURFIL
Lorenzato Srl
Braidwell Machine
Cobra Braiding Machinery
Geesons International
Bhupendra & Brothers (M/C)
Market Segment by Type, covers
Vertical Braiders
Horizontal Braiders
Market Segment by Applications, can be divided into
Textile and Sporting
Industrial
Automotive
Medical
Aerospace
Others
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-braiding-machine-market_p107301.html
Related Information:
North America Braiding Machine Market Growth 2019-2024
United States Braiding Machine Market Growth 2019-2024
Asia-Pacific Braiding Machine Market Growth 2019-2024
Europe Braiding Machine Market Growth 2019-2024
EMEA Braiding Machine Market Growth 2019-2024
Global Braiding Machine Market Growth 2019-2024
China Braiding Machine Market Growth 2019-2024
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