Textile Machinery Market 2022, SWOT Analysis, Key Development Forecasts Till 2028

The global textile machinery market is expected to be valued at US$ 27.8 billion in 2022 and growing at a CAGR of 6.9 % over the forecast period due to technology advancement across the globe. Textile machinerys are used in the manufacturing and processing of fabrics, textiles and other woven and nonwoven materials. They are used in processes such as spinning, weaving, wrapping and dyeing. The retrofitting and reconstruction of old technologies, the growing acceptance of textile machinery in developed countries, would fuel development on the global market.

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Spinning Machinery Accounted for Higher Revenue Share in Global Textile Machinery Market:
Based on product type, global machinery market is segmented into spinning machinery, knitting machinery, weaving machinery, finishing machinery, others. Spinning machinery is accounted for higher revenue. Cotton-spinning machinery refers to machinerys which process (or spin) prepared cotton roving into workable yarn or thread. Such machinery can be dated back centuries. The system spins yarn directly from slivers, using a spinning rotor and a withdrawal system that imparts false twist to form the fibers into a yarn. Open-end spinning requires fewer steps than ring spinning, because roving is not needed, and a full-sized package is made directly on the machinery

North America leads the Global Textile Machinery Market:
Based on regional analysis, global textile machinery market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America global textile machinery market contributed the largest share in 2021. Recently U.S. manufacturers have opened new facilities throughout the textile production chain, including recycling facilities to convert textile and other waste to new textile uses and resins.

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The global textile machinery market is segmented based on product, application and region:
By Product Type
• Spinning Machinery
• Knitting Machinery
• Weaving Machinery
• Finishing Machinery
• Others

By Application
• Cotton Textile Industry
• Woolen Textile Industry
• Linen Textile Industry
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key player's profiles in the global textile machinery market are: Oerlikon, KARL MAYER, Toyota Industries, Rieter, Tsudakoma, Picanol, YIINCHUEN Machinery, Staubli, ITEMA, Benninger, Lakshmi Machinery Works, Truetzschler, Dornier, ERFANGJI, Marzoli, Bonas, NEDCO, JINGWEI, STOLL

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This release was published on openPR.