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Global Spinning Machinery Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Saurer,Rieter,Trutzschler,Inc.
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Spinning machinery refers to machines which process (or spin) prepared fibers into workable yarn or thread. Spinning is one of the major sections of textile industry.
Spinning industries provide yarn to the weaving industries, which provide fabric to the garment industries. The quality of yarn and fabrics greatly influences the quality of the garments. Quality yarn production greatly depends on machinery. The major players in spinning machinery manufacturing are Switzerland, Germany, Japan, Italy, China and India. However Spain, Belgium, Turkey, and France are growing their market share slowly. Switzerland is a master of finely engineered textile spinning machines.
Characterized by the presence of several spinning machine manufacturers, the market is speeding the concentration. The market’s competitive environment is intense and the leading players such as Rieter, Saurer, Murata Machinery, lakshmi machine works, and Trützschler currently dominate the market. Major vendors are currently focusing on improving their market shares by enhancing their presence across various geographies. Realizing the increased demand for textile and availability of low cost labor in emerging economies such as India, established players are currently focusing on expand their footprint in developing countries.
The most relevant spinning systems are ring spinning (c.65% market share), followed by rotor spinning (c.30% market share), and air-jet spinning (c.2%–5% market share). Exotic spinning principles such as friction spinning are not taken into account here as the utility is not very high.
According to this study, over the next five years the Spinning Machinery market will register a 6.5% CAGR in terms of revenue, the global market size will reach US$ 5760 million by 2024, from US$ 4210 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Spinning Machinery business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Saurer
Rieter
Murata Machinery
Toyota Textile Machinery
Trutzschler
Lakshmi Machine Works
JINGWEI
Savio Macchine Tessili
Zhejiang Taitan
Rifa
ATE
Marzoli Spinning Solutions
Chunrui Machinery
XinErfang
Market Segment by Type, covers
Ring Spinning
Rotor Spinning
Others
Market Segment by Applications, can be divided into
Synthetic Fibres
Plant Fibres
Others
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Related Information:
North America Spinning Machinery Market Growth 2019-2024
United States Spinning Machinery Market Growth 2019-2024
Asia-Pacific Spinning Machinery Market Growth 2019-2024
Europe Spinning Machinery Market Growth 2019-2024
EMEA Spinning Machinery Market Growth 2019-2024
Global Spinning Machinery Market Growth 2019-2024
China Spinning Machinery Market Growth 2019-2024
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