Textile Machinery Market Trends, Size (US$ 41.2 Billion), Top Brands by Share, In-Depth Analysis and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled "Textile Machinery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global textile machinery market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the textile machinery market?

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.

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What are textile machinery?

Textile machinery refers to the equipment and machinery used in the production, processing, and finishing of textiles and fabrics. It encompasses a wide range of machines that play crucial roles in various stages of textile manufacturing, including spinning, weaving, knitting, dyeing, printing, and finishing. Textile machinery is designed to automate and streamline the textile production process, increase efficiency and productivity, and ensure consistent quality output.

These machines are equipped with advanced technologies, such as computer-controlled systems, sensors, and automated controls, thus enabling precise control over parameters like tension, speed, and temperature. The features of textile machinery may vary depending on the specific type of machine, but they generally offer capabilities, such as high-speed operation, customization options for different fabrics, energy efficiency, and ease of maintenance. Textile machinery finds its application in several industries, including medical and healthcare, fashion and apparel, and automotive .  

What are the growth prospects and trends in the textile machinery industry?

The growing population, rising disposable income, and evolving fashion trends represents some of the key factors driving the market growth for textile machinery. Moreover, innovations in textile machinery, such as automation, robotics, and digitalization, is leading to improved production efficiency, quality, and versatility, thereby contributing to market growth. Textile machinery with eco-friendly features, such as energy-efficient operation and reduced water consumption, aligns with the industry's focus on sustainability, which is driving market growth. The growth of e-commerce platforms and online retail creates a higher demand for textile products, thus stimulating the need for efficient and fast textile machinery, which is acting as a major growth inducing factor.

The thriving fashion and apparel industry extensively utilizes advanced textile machinery to meet the diverse and evolving demands of consumers worldwide. This, in turn, is contributing to the market growth. In line with this, the steadily expanding sectors like sports and athleisure, healthcare textiles, and geotextiles, require specialized machinery for their unique production requirements, which is contributing to the market growth. Moreover, textile machinery plays a vital role in developing and producing innovative fabrics, such as smart textiles, nanotechnology-based textiles, and performance fabrics. The demand for home textiles, including bed linens, curtains, and upholstery fabrics is further contributing to the market growth. In addition to this, textile manufacturers are investing in modern machinery to improve productivity, reduce labor costs, and enhance overall operational efficiency.

Apart from this, the rising demand for textile recycling due to rising environmental concerns is contributing to the market growth. This is primarily attributed to the increasing awareness among individuals about the detrimental impact of waste incineration, which is driving to the market growth. Besides this, the increasing application of smart textiles embedded with electronic components, conductive threads, and advanced technologies in various end use industries is contributing to the market growth. Leading market players are continually launching medical textile machines that provide modular and customizable support to meet customer requirements. This, along with the escalating prevalence of chronic diseases and the rising use of medical textiles for first aid, clinical, surgical, and hygienic purposes, is propelling the market growth. Other factors, such as the increasing integration with data analytics and Internet of Things (IoT), are creating a positive outlook for the market across the globe.  

Who are the key players operating in the industry?

The report covers the major market players including: 

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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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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This release was published on openPR.