Textile Machinery Market Size is Projected to Reach US$ 41.2 Billion by 2028, Industry CAGR 6.4% | IMARC Group

According to the latest report by IMARC Group, titled "Textile Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.' the global textile machinery market size reached US$ 27.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.

Textile machinery refer to the equipment used to process and manufacture fabrics, textiles, garments, and other materials. Some of the commonly used textile machinery include cutting, spinning, embroidery, lace making, textile finishing, and quilting machines. These machines are widely employed for weaving, knitting, crocheting, tatting, felting, bonding, and braiding raw fibers into textiles. They are also utilized to fabricate dyes and finishes for fiber, yarn, and thread. As a result, textile machinery finds extensive applications in garment factories and cotton and wool mills for fiber processing, yarn production, dyeing, printing, finishing, and fiber pre-treatment.

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Textile Machinery Market Trends:

The expanding apparel industry and the escalating demand for luxury clothing represent the primary factors driving the market growth. Additionally, with the emerging fast fashion trends, there has been widespread adoption of textile machinery to design modern clothes with innovative fabrics, designs, patterns, and styles. In line with this, the growing need for textile recycling due to the increasing environmental concerns and rising awareness among the masses regarding the adverse effects of waste incineration has catalyzed the product demand. Besides this, the advent of smart textiles integrated with electronic components, conductive threads, and innovative technologies has positively influenced market growth. Furthermore, the leading manufacturers are launching automated textile machinery that designs seamless outfits with intricate embroidery, ensures product uniformity, and decreases manual efforts. Apart from this, the growing usage 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, rising social media influence, rapid urbanization, inflating consumer expenditure capacities, and technological advancements, are also providing a positive thrust to the market growth

Textile Machinery Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the textile machinery market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• T.E. Private Limited
• Benninger AG (Jakob Müller AG)
• Camozzi Group S.p.A.
• Itema S.p.A.
• Lakshmi Machine Works Limited
• Murata Machinery Ltd.
• OC Oerlikon Management AG
• Rieter
• Santex Rimar Group
• Santoni S.P.A.
• Saurer Intelligent Technology AG
• TMT Machinery Inc.
• Toyota Industries Corporation
• Trützschler Group SE.

Key Market Segmentation:

The report has segmented the textile machinery market on the basis of machine type, distribution channel and application

Breakup by Machine Type:

• Spinning Machines
• Weaving Machines
• Knitting Machines
• Texturing Machines
• Others

Breakup by Distribution Channel:

• Direct
• Indirect

Breakup by Application:

• Garments and Apparels
• Household and Home Textiles
• Protective Textiles
• Medical
• Automotive
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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