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Twister Winder Market 2024 - By Growth Rate, Share, Analysis, Outlook and Forecast To 2033
Twister Winder Market
According to The Business Research Company's, The twister winder market size has grown strongly in recent years. It will grow from $13.7 billion in 2023 to $14.46 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to automation in manufacturing, rise in apparel and textile consumption, quality and efficiency improvement, globalization of textile supply chains..
The twister winder market size is expected to see steady growth in the next few years. It will grow to $17.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to demand for high-speed winding, focus on sustainable textile manufacturing, increased automation and industry 4.0 integration.. Major trends in the forecast period include focus on multi-spindle configurations, development of compact and space-efficient designs, integration of predictive maintenance systems, customization capabilities for diverse yarn types, focus on sustainability, technological innovations in yarn processing..
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Market Drivers and Trends:
The increase in textile production is expected to propel the growth of the twister winder market going forward. Textile production refers to creating textiles made by weaving, knitting, or felting natural or synthetic fibers used in clothing, household items, and accessories. Twister winders are used in textile production to twist fibers together to create strong and durable fibers and yarns that can be used for weaving, knitting, or other textile applications. For instance, in March 2023, according to Fashion Network, a France-based online website providing information for the fashion industry, exports of textiles in the United States increased by 9.77% from $22.652 billion in 2021 to $24.866 billion in 2022. Therefore, an increase in textile production is driving the growth of the twister-winder market.
Major companies operating in the twister winder market are developing innovative products, such as winding improvements, to drive revenues in the market. The winding advances create precision winding machines that are easy to use while delivering more excellent winding performance. For instance, in June 2022, Schärer Schweiter Mettler AG, a Switzerland-based manufacturer, launched Neo-YW twister winders with more efficiency and sustainability. It is a precision winding device that is user-friendly and capable of performing winding tasks more effectively. High and low densities can be controlled through an electromechanical back pressure system for NEO-YW to set winding parameters.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
SIMA S.R.L., Jaylaxmi Industries, Lohia Group, Meera Industries Limited, Rieter, Savio India Limited, Himson Engineering Pvt. Ltd, Galan Textile Machinery S.L., Braiding machines RATERA S.A., Schärer Schweiter Mettler AG, Alidhra Weavetech Group, Jeyaletshmi Machine Works, Aawadkrupa Plastomech Private Limited, Manotex Global, Meera Industries Limited, Zhejiang Taihe Spinning Machine Co.Ltd., Toray Industries, Tainan Spinning Co. Ltd., Raymond Machinery Co.Ltd., Volkmann Systems Inc., Wanli Textile Machinery Co. Ltd., SSM Textile Machinery, Ningbo Dingming Machinery Manufacturing Co. Ltd., Himson Engineering, Shanghai Jwell Machinery Co. Ltd.
Twister Winder Market 2024 Key Insights:
• The twister winder market is expected to grow to $17.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
• Surge In Textile Production Fuels Growth Prospects For The Twister Winder Market
• Innovative Winding Advancements To Revolutionizing Precision Winding
• Asia-Pacific was the largest region in the twister winder market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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