Press release
Global Beaming Machines Market Size To Grow At A CAGR Of 4.30% During The Forecast Period Of 2023-2028
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2022): USD 136.63 million
Forecast CAGR (2023-2028): 4.30%
Forecast Market Size (2028): USD 174.55 million
Growing technological development in beaming machines for greater efficiency is anticipated to augment the global beaming machines market growth. It is anticipated that the availability of technologically improved beaming equipment would open up new possibilities for the market. Additionally, governments all over the world are taking action to expand the textile sector in various regions, which is further anticipated to provide new market opportunities.
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The global market for beaming machines is likely to gain momentum throughout the forecast period as a result of the anticipated rise in household demand for items like clothing, carpets, home textiles, and bed linens, among others. Over the forecast period, the warp knitting segment is anticipated to develop at the fastest rate. The segment's expansion is anticipated to be fuelled by the public's growing preference for warp knitting fabric.
During the forecast period, rising demand for warp knitting fabric from the health and fitness industry is anticipated to fuel segment expansion, thus fuelling the global beaming machines market. Growing health and fitness-related events and leisure activities are anticipated to accelerate the segment's growth.
Beaming Machines Industry Definition and Major Segments
Beaming machines are electrical equipment that are used to create variously coloured yarns by filling beams with yarn or fabric. The finished product is created by processing and stretching these warp yarns. A beaming machine's primary parts include, among others, the right gear box, left box, and tension measurement.
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Based on type, the market is segmented into:
Direct
Sectional
Others
On the basis of application, the market is divided into:
Filament Yarn
Warp Knitting
Glass Fibre Yarn
Others
Based on component, the market is segmented into:
Creel
Expanding Comb
Pressure Roller
Beam
On the basis of region, the market is divided into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Beaming Machines Market Trends
In the textile sector, beaming machines are used for a wide range of tasks. As a result, during the course of the forecast period, increasing demand for the textile sector is anticipated to fuel the global beaming machines market expansion. During the projected period, rising demand for high-quality warp beams for weaving is anticipated to drive market expansion.
Applications for beaming machines include the production of filament yarn, glass fibre yarn, and other materials. Over the forecast period, rising urbanisation and increasing per capita disposable income are further anticipated to enhance market growth. The creation of glass fibre strands, which are then utilised to create sleeves and tubes, involves the usage of beaming machines. As part of the major market trends for beaming machines, these sleeves and tubes are now in greater demand from several industry sectors, including electrical, marine, and aerospace.
One of the key trends for the global beaming machines market growth includes the rising demand for high-quality fabric among the general public and the expansion of industrialisation globally. High productivity is achieved when using beaming machines for weaving. There will likely be a significant increase in demand for beaming machines due to the increasing automation in the textile industry.
Key Market Players
The major players in the beaming machines market report are:
Mitsubishi Electric Corporation
Taya Machinery Corp.
KARL MAYER Textilmaschinen AG
Ramallumin Srl
Global Beam Technologies AG
T.E. Private Limited.
Prism Textile Machinery
Others
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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